Author: Press Room

2/2 © Reuters. FILE PHOTO: A Cuban flag waves in a boat docked at Bayfront Park is seen before sailing in a flotilla towards Cuba in support of Cuban protesters against its deteriorating economy, in Miami, Florida, U.S. July 23, 2021. REUTERS/Marco Bello/File Photo 2/2 (This Nov. 14 story has been refiled to remove a superfluous word from paragraph 1) HAVANA (Reuters) – Cuba wants to tap its fast-growing overseas population for fresh investment to lift its economy, a top foreign ministry official told Reuters this week, as the communist-run nation looks to overcome its worst downturn in decades. Food,…

© Shutterstock Palo Alto Networks (PANW) posts solid Q1, but shares sink as billings guidance falls short Palo Alto Networks (NASDAQ:) shares fell 8% after-hours Wednesday after posting solid first quarter results but issuing second quarter and full year billing guidance below estimates. The company reported that total revenue for the first quarter grew 20% year over year to $1.9 billion, beating the consensus of $1.84 billion. Non-GAAP net income was $1.38, up from $0.83 last year and above the consensus of $1.16. For the second quarter, the company sees revenue of $1.955-$1.985 billion, versus the consensus of $1.97 billion.…

PennantPark reports Q4 results

© Reuters. FILE PHOTO: A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo (Reuters) – , the world’s largest cryptocurrency, rose more than 5.3% on Wednesday to $37,978, near a one-week high. It has risen about 125% so far this year. While bitcoin remains far from the investment fever pitch it hit in late 2021, the crypto sector has enjoyed a rally in recent weeks as the expected end of central bank rate-hiking cycles draws cash back into high-risk assets.

Embattled New York GOP Rep. George Santos received his House Ethics Committee investigation report ahead of its public release, Fox News has learned.Santos was presented with the results of investigation into his conduct on Wednesday.House rules dictate that the subject of an investigation has the right to see the results of the investigation 24 hours before it is released publicly.GEORGE SANTOS ESCAPES EXPULSION FROM HOUSE OF REPRESENTATIVES Embattled New York GOP Rep. George Santos received his House Ethics Committee investigation report ahead of its public release. (AP Photo/J. Scott Applewhite, File)This means that the report could be released publicly as…

Since our last review on November 2, shares of JAKK have climbed another 24%, vastly outperforming the broader equity market during the same period. We attribute […]

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.ValueAct Capital has built a significant stake in Walt Disney, adding another activist investor to the entertainment company’s shareholder list, as it contends with a sinking share price and a decline in its traditional television business.The San Francisco-based firm has not disclosed the size of its stake in Disney but it is among its largest positions, said people familiar with the situation. ValueAct started building its position in the media group this summer. Shares in Disney rose three per cent on Wednesday…

© Reuters. People walk at Surco market in Lima, Peru August 31, 2018. REUTERS/Mariana Bazo/file photo By Marco Aquino LIMA (Reuters) – Peru’s economy contracted for a fifth consecutive month in September, landing well below forecasts, but the country’s economy minister argues the downturn can be reversed with economic growth expected by early next year. The mining-dependent South American economy has stumbled this year due in part to bad weather linked to the El Nino weather phenomenon and social strife. Peru’s gross domestic product shrank about 1.3% in September, according to data from statistics agency INEI released on Wednesday, or…

© Reuters. FILE PHOTO: Pepsi bottles are seen lined up at a store in New York, U.S. July 5, 2016. Picture taken July 5, 2016. REUTERS/Shannon Stapleton/File Photo By Clark Mindock and Jonathan Stempel NEW YORK (Reuters) -New York state sued PepsiCo (NASDAQ:) on Wednesday, accusing the beverage and snack food giant of polluting the environment and endangering public health through its single-use plastic bottles, caps and wrappers. The lawsuit filed in state court in upstate Erie County is among the first by a U.S. state to target a major plastics producer. State Attorney General Letitia James accused PepsiCo of…

© Reuters. U.S. Secretary of Energy Jennifer Granholm delivers a speech ahead of a conversation with Daniel Yergin, the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 8, 2023. REUTERS/Callaghan O’Hare/File Photo (Reuters) – The U.S. Department of Energy on Wednesday announced up to $3.5 billion to strengthen domestic production of batteries and battery materials from the infrastructure law President Joe Biden signed in 2021. The funding aims to boost battery manufacturing and supply chains by expanding domestic facilities for critical minerals, next-generation technologies and lithium-based technologies, among others. “Positioning the United States…