Author: Press Room

Shares of Magic Software (MGIC) got crushed today, sinking over 19% after the company warned this morning that it experienced a substantial and unexpected decline […]

How do American Tower and Crown Castle stack up?getty American Tower (AMT) and Crown Castle (CCI) are two of the largest real estate investment trusts (REITs) in the United States. They not only compete every day in their businesses, they also compete for potential shareholders. Their stocks are considered close peers. Here is an overview of both companies, so you can compare, contrast and decide for yourself how either or both potentially fits in your investment portfolio. American Tower (AMT) Business Overview Industry: REIT Business: Wireless infrastructure Headquarters: Boston, Massachusetts Year Founded: 1995 AMT is in the business of operating…

Stay informed with free updatesSimply sign up to the Global Economy myFT Digest — delivered directly to your inbox.Good morning. US secretary of state Antony Blinken has provided Washington’s most detailed plan for the postwar future of Gaza, saying the enclave should be politically unified with the West Bank under the administration of the Palestinian Authority.The US’s top diplomat reiterated the Biden administration’s position that Israel should not reoccupy Gaza after its war with Hamas, but left open the possibility that the Jewish state could play a role in a “transition period”.“It must include Palestinian-led governance and Gaza unified with…

© Reuters. FILE PHOTO: A BNY Mellon sign is seen on their headquarters in New York’s financial district, January 19, 2011. REUTERS/Brendan McDermid/File Photo By Davide Barbuscia NEW YORK (Reuters) – A key reform proposed by the U.S. Securities and Exchange Commission to boost the use of central clearing in the Treasury market would need to be implemented over an extended period to avoid disruptions at a time of already turbulent market dynamics, BNY Mellon (NYSE:) said on Wednesday. The SEC central clearing rule, first proposed in September last year, would apply to the cash Treasury and repurchase agreements (repo)…

© Reuters. By Timothy Gardner WASHINGTON (Reuters) – The Biden administration is working closely with partner countries over sanctions on a Russian liquefied project in the Arctic as a January deadline looms on a wind down of transactions with the plant, a State Department spokesperson said on Wednesday. The U.S. imposed sanctions last week on the Arctic LNG-2 project in Russia as part of wide-ranging measures to punish Moscow for the war in Ukraine. The Office of Foreign Assets Control, part of the Treasury Department, also issued a general license that authorizes the wind down of transactions involving Arctic LNG-2,…

© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect On Wednesday, both the S&P/TSX composite index and major New York indices, including the Dow Jones average, , and , experienced a downturn due to weakening energy and base metal stocks, a consequence of falling commodity prices. The Canadian dollar also declined in value compared to its rate on the previous day, dropping to 72.48 cents US. The decline in commodity prices was reflected across several December contracts. prices fell by US$1.63, settling at US$75.74 per barrel. prices saw a decrease of three cents, coming to rest at US$3.11 per mm/BTU.…

LegalZoom announces secondary offering of shares of common stock

Eight people have been killed after a human smuggler driving a vehicle packed with illegal migrants hit an oncoming SUV while attempting to evade police in Texas, authorities say.Texas Department of Public Safety officials say a smuggler was fleeing from the Zavala County Sheriff’s Office in Batesville when he tried to pass an 18-wheeler in a no-passing zone. He went into oncoming traffic and collided with the SUV occupied by two Americans from Georgia.The two Americans in the SUV were killed. The apparent human smuggler was also killed along with five illegal migrants who were in his vehicle. There were…

Adobe is selling AI-generated images that depict the Israel-Hamas war in varying degrees of realism.One of the images has been shared online by the public without a clear indication that it’s fake.Misinformation about the Israel-Hamas conflict has already been rampant online.  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 Adobe is selling AI-generated images depicting the Israel-Hamas war. While some are pretty obviously computer generated, others are more realistic, including one image that has been shared online by some smaller websites and in social…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Warner Bros Discovery shares fell 19 per cent on Wednesday for their biggest daily drop since March 2021 after the entertainment group warned investors it was “unlikely” to meet its goals for paying off debt. The company behind HBO, CNN and the Warner Bros movie studio has been focused on cutting costs and trimming its debt following the $40bn merger of Warner with Discovery last year and against the backdrop of a rising interest rate environment. That deal gave the newly combined…