Author: Press Room
© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. REUTERS/Brendan McDermid/File Photo By David Randall NEW YORK (Reuters) – Hopes that a rout in Treasuries has run its course are tempting some investors back into the U.S. stock market after a months-long selloff. The relationship between stocks and bonds has been a tight one in recent months, with equities falling as Treasury yields climbed to 16-year highs. Higher yields offer investment competition to stocks while also raising the cost of capital for companies and households.…
© Reuters. FILE PHOTO: Federal Trade Commission (FTC) Chair Lina Khan testifies before a House Judiciary Committee hearing on “Oversight of the Federal Trade Commission,” on Capitol Hill in Washington, U.S., July 13, 2023. REUTERS/Kevin Wurm/File Photo By Krystal Hu and Greg Bensinger SAN FRANCISCO (Reuters) – Federal Trade Commission Chair Lina Khan found some cozy company over the course of a two-day trip through Silicon Valley this week as she looked to reverse her reputation for being a scourge of Big Tech. In her first trip to the tech hub home to giants and startups in her role, Khan…
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Jeffrey A. Bader, one of the country’s leading experts on China and an architect of President Barack Obama’s so-called pivot to the Pacific during his first administration, died on Oct. 22 in Los Angeles. He was 78.His death, at a hospice facility, resulted from complications of pancreatic cancer, said his wife, Rohini Talalla. He lived in the Venice Beach section of Los Angeles. In a statement, Secretary of State Antony J. Blinken called Mr. Bader “one of the most knowledgeable and insightful East Asia hands of his generation, and his intellect was matched only by his heart and his decency.”Few…
Mark Zuckerberg said Friday he tore his ACL and had to get surgery to replace it.Zuckerberg said the injury has delayed a competitive MMA fight he had planned for early next year.It’s unclear who the planned fight is with, but it’s likely not Elon Musk. 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 Mark Zuckerberg on Friday said he tore his ACL and had surgery to get it replaced, delaying a competitive MMA fight he had planned for early next year.The Meta CEO announced…
BUY: Bioventix (BVXP)The shares are down 13 per cent across the year, but this is potentially out of step with the company’s earnings potential, writes Jennifer Johnson.Monoclonal antibodies, or clones of a single antibody, are a key component of many clinical diagnostic tests. Surrey-based Bioventix is a supplier of sheep monoclonal antibodies (SMAs) for use in a variety of human blood tests around the world. It might sound like a niche line of work, but the company saw progress across the year to the end of June in a way that many other biotechs did not.The company reports that its…
© Reuters. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. Picture taken May 12, 2021. REUTERS/Andrew Kelly/File Photo By Svea Herbst-Bayliss and Jonathan Stempel (Reuters) – Elliott Investment Management, one of the world’s biggest hedge fund firms, on Friday sued the U.S. Securities and Exchange Commission to obtain more information about rule proposals that could affect how activist firms like Elliott do business. In a complaint filed on Thursday in the Washington, D.C. federal court, the firm founded by billionaire Paul Singer accused the…
© Reuters. A general view of buildings by the Nile River in Cairo, Egypt January 30, 2021. REUTERS/Mohamed Abd El Ghany/ File photo (Reuters) -Ratings agency Fitch downgraded Egypt’s long-term foreign-currency issuer default rating (IDR) to ‘B-‘ from ‘B’, citing increased financial risks and higher government debt. The downgrade reflects increased risks to Egypt’s external financing, macroeconomic stability and the trajectory of already-high government debt, the rating agency said. Recovery in Egypt’s key tourism industry, which had been hammered by the pandemic, has been offset by last year’s surge in energy prices and ongoing rise in global borrowing costs. This…
JHVEPhoto/iStock Editorial via Getty Images Enbridge (NYSE:ENB) closed +0.9% on Friday after reporting better than expected Q3 adjusted earnings and announcing deals to buy seven U.S. renewable natural gas facilities for US$1.2B and boost its stake in two German offshore wind projects for €625M (~US$668.7M). Q3 GAAP earnings fell to C$532M, or C$0.26/share, from C$1.28B, or C$0.63/share, in the prior-year quarter, while Q3 adjusted earnings slipped to C$1.27B, or C$0.62/share, from C$1.36B, or C$0.67/share, a year ago, but exceeded analyst consensus EPS of $0.58. Enbridge (ENB) attributed the declines mostly to non-operating factors including the absence in 2023 of a…
A federal three-judge panel in North Dakota has dismissed a lawsuit brought by Republican district officials who alleged that the consideration of race was unconstitutional in the creation of state House subdistricts that included ones encompassing tribal nations.The lawsuit filed early last year by the two GOP legislative district officials targeted the two subdivided districts the Legislature drew in 2021, which included subdistricts for the Fort Berthold and Turtle Mountain Indian reservations. The lawsuit alleged that the “racial gerrymandering” was a violation of the equal protection clause.ND POLITICIAN ACCUSED OF TRAVELING TO PRAGUE FOR SEX WITH MINOR TOOK TAXPAYER-FUNDED TRIPS…