Author: Press Room

© Reuters. LONDON – West Ham United is on the brink of securing a significant sponsorship deal for the naming rights of their home ground, potentially rebranding the London Stadium. The club, which moved from Upton Park eight years ago, is in advanced discussions with insurance giant Allianz (ETR:) and entertainment company Stage Front for a deal worth around £20 million. The move comes after previous sponsorship talks with Vodafone (NASDAQ:) fell apart. If successful, the new partnership would provide substantial financial relief for West Ham by contributing towards the annual £2.5 million rent they pay to the London Legacy…

Sundry Photography/iStock Editorial via Getty Images The Industrial Select Sector (XLI) rose for the third week in a row for the week ending Nov. 17 (+2.98%), and so did the SPDR S&P 500 Trust ETF (SPY) which rose +2.31%. Year-to-date, XLI has climbed +7.53%, while SPY has soared +17.88%. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +11% each this week. YTD, only 2 out of these 5 stocks are in the green. Bloom Energy (NYSE:BE) +19.26%. The San Jose, Calif.-based company rose +16.40% on Tuesday, and was…

New York City Mayor Eric Adams is urging the city’s richest to open their wallets to help the city weather a financial storm created by the ongoing migrant crisis, days after the city unveiled deep budget cuts.”This is a moment where it’s an all hands on deck moment,” Adams told a Police Athletic League lunch on Friday, according to the New York Post.”The way it goes, New York goes, America goes, but I’m going to need you more than ever to support many of these organizations like PAL, Robin Hood Foundation, and others,” he said. “A moment where our philanthropic…

Rep. Garret Graves of Louisiana recently told Politico that Congress has become a “childish” place.”I mean, this isn’t a place where you attract the cream of the crop,” he told the outlet.The House in October ousted Kevin McCarthy as speaker, an act that continues to reverberate to this day. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Divided government isn’t the easiest thing for many members of Congress, as the legislative gridlock that ensues often prompts lawmakers to question their effectiveness as elected officials.Some lawmakers…

© Reuters. ABUJA – MTN Nigeria is restructuring its tower agreements in response to the challenging economic environment characterized by volatile foreign exchange rates and rising energy costs. At the company’s Capital Markets Day event, CEO Karl Toriola emphasized the need for periodic reviews of tower contracts to ensure operational efficiency and value creation tailored to specific site requirements. The telecommunications giant is adopting a strategic approach to cost management and energy efficiency, which includes the recent awarding of increased site management responsibilities to American Tower (NYSE:) Corporation (ATC) and the upcoming renewal of contracts for 1,500 sites. The company’s…

Funtap REITs gained in the week ended Nov. 17 on the back of a ‘likely no more rate hikes scenario’ and solid Q3 earnings results. The economic data continued to support a scenario of no more rate hikes by the Federal Reserve. Homebuilder, real estate, mortgage REIT stocks especially surged after Tuesday’s CPI report indicated that inflation is continuing to ease. Investors are said to be increasing bets that the Fed is done raising rates and may even start cutting in Q2’24. Also, the sector posted earnings results that were stronger than expected across most property sectors. Among the equity…

Nikki Haley, the former U.S. ambassador to the United Nations who is rising in the polls in the Republican presidential race, criticized former President Donald J. Trump for vowing to root out his political opponents like “vermin.”“I don’t agree with that statement,” Ms. Haley said at a town-hall event in Newton, Iowa. “Any more than I agree when he said Hezbollah was smart, or any more than I agree when he hit Netanyahu when his country was on its knees after all that brutality.”Ms. Haley’s response, which came six days after Mr. Trump made the remarks at a Veterans Day…

SpaceX’s Starship mega-rocket achieved a major milestone during Saturday’s launch. The two stages of the rocket successfully separated, though the booster blew up seconds later.SpaceX’s main goal for Saturday’s launch was to achieve separation and prove “hot staging” works. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app SpaceX launched its Starship mega-rocket toward space for the second time, ever, on Saturday. A screengrab from SpaceX’s livestream on X shows Starship lifting off for its second attempt at space. SpaceX Though Starship blew up just seconds…

Unexpectedly strong spending data this week bolstered hopes that Americans would keep shopping in the face of economic pressures, but earnings from some of the country’s largest retailers suggest that cracks are starting to show in the picture of consumer resilience.The Census Bureau said on Wednesday that retail sales fell 0.1 per cent last month, less than the 0.3 per cent decline economists expected.  That extended a trend this year in which Americans have looked past sky-high inflation, soaring interest rates and regional bank failures, continuing to open their wallets not only for everyday purchases but also travel, entertainment and…

© Reuters. FILE PHOTO: Taylor Swift attends a premiere for Taylor Swift: The Eras Tour in Los Angeles, California, U.S., October 11, 2023. REUTERS/Mario Anzuoni By Marcela Ayres and Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) -A young Brazilian fan of U.S. singer Taylor Swift died in Rio de Janeiro on Friday night after falling ill inside the superstar’s sweltering concert venue, leading the government to order drinking water is provided and made easily accessible at shows. Ana Clara Benevides, 23, became unwell at the Nilton Santos stadium, event organizer T4F wrote on Instagram. It said she was promptly attended…