Author: Press Room
© Reuters. FILE PHOTO: Word “Oil” and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Stephanie Kelly (Reuters) – Oil prices dropped on Thursday, extending losses from the previous session, as signals of higher supply from the United States met worries about lackluster energy demand from Asia. futures fell 28 cents to $80.90 a barrel by 0001 GMT. U.S. West Texas Intermediate crude (WTI) lost 31 cents to $76.35 a barrel. Both benchmarks fell over 1.5% in the prior session. WTI’s front-month contract was also lower than the second month,…
RHJ/iStock via Getty Images Wheaton Precious Metals (NYSE:WPM) said Wednesday it agreed to acquire existing metals streams from Orion Resource Partners plus a new precious metals stream for a combined $530M. Wheaton (WPM) will be entitled to purchase 62.5% of the payable gold stream from the Platreef Project in South Africa until a total of 218,750 oz of gold has been delivered, at which point the company would be entitled to purchase 50% of payable gold production until 428,300 oz are delivered under the stream. In addition, Wheaton (WPM) will be entitled to purchase 5.25% of payable palladium and platinum…
Rep. Rashida Tlaib, D-Mich, refused on Wednesday to answer multiple questions about the pro-Palestinian rallying cry “from the river to the sea” and whether she is antisemitic — after the White House said the use of the phrase can be antisemitic.Fox News’ Hillary Vaughn quizzed the Palestinian-American lawmaker, asking her if she regrets using the phrase. “Congresswoman, do you regret using the phrase “from the river to the sea”? It’s used by terrorists to call for the genocide of the Jewish people. Do you regret using it?” Vaughn said.Tlaib did not respond.RASHIDA TLAIB PRESSED TO EXPLAIN ‘FROM THE RIVER TO THE…
Topline Top strategists largely expect the stock market to continue rising but remain far below historic rates next year, according to several 2024 forecasts released this week, as stocks continue to recover from last year’s brutal losses but struggle to return to their mid-pandemic highs. Experts expect stock performance to come in below historic averages next year. Getty Images Key Facts Goldman Sachs forecasts the S&P 500 to sit at 4,700 at the end of next year, strategists led by David Kostin said in a Wednesday note to clients, 4.4% above its current level of 4,503 and still below the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Global investment banks have criticised a blanket ban on short selling imposed by South Korean regulators last week, accusing authorities of bowing to the demands of local retail investors ahead of parliamentary elections in April.The ban, which came into force on November 6 and is due to last until June next year, was introduced as a response to so-called naked short selling, which financial authorities said had “undermined fair price formation” in South Korea’s capital markets.Regulators added that they were setting up…
COLOMBO – Bank of Ceylon (BOC) has showcased resilience in the third quarter of 2023, recording a profit before tax (PBT) of LKR22.6 billion, an outcome buoyed by a significant 20% surge in interest income despite the broader economic challenges faced during the period. Under the leadership of Chairman Ronald C. Perera and CEO Russel Fonseka, BOC has navigated through these challenges while continuing to support its customer base and the Sri Lankan economy at large. The bank’s decision to absorb a portion of the interest rate hikes rather than passing them on in full to customers is reflected in…
© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect NEW YORK – Shares of Micron Technology Inc. (NASDAQ:) ended Wednesday’s trading session slightly lower, despite a modest gain in the . Closing at $77.14, Micron’s stock dipped by 0.04% from its previous day’s position, trailing behind the S&P 500’s advance of 0.16% and the ‘s rise of 0.47%. Despite the daily lag, Micron experienced a notable monthly climb of 11.84%, surpassing both the Computer and Technology sector’s increase of 5.61% and the S&P 500’s gain of 4.02%. Looking ahead, analysts have set expectations for Micron’s upcoming financial results, forecasting earnings…
ESSA Bancorp declares $0.15 dividend
A group of outside experts appointed by the Federal Aviation Administration called on Wednesday for “urgent action” to address safety risks in the nation’s aviation system, highlighting issues like staffing shortages among air traffic controllers and outdated technology.The F.A.A. announced the formation of the group, the National Airspace System Safety Review Team, in April after a string of close calls at airports across the country, and the panel issued a 52-page report on Wednesday laying out its findings.In addition to calling for the F.A.A. to address the shortage of air traffic controllers and improve its aging technology, the report also…
Three Ukrainian men have been charged with treason in their home country.Prosecutors say the men were being paid off by Russian agents.The trio helped Rudy Giuliani and the Trump campaign investigate Hunter Biden for the 2020 election. 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 Three Ukrainian men — including a sitting politician — helped the Trump campaign investigate Hunter Biden before the 2020 election.They were also working with Russian spies, Ukrainian prosecutors now allege.Oleksandr Dubinsky, a current MP; ex-lawmaker Andriy Derkach; and former…