Author: Press Room
© Reuters. Investing.com– Most Asian stocks rose on Thursday, buoyed by a rally in the technology sector as somewhat middling comments from the Federal Reserve spurred bets that the central bank was done with its run of interest rate hikes. But Chinese stocks saw little gains, as a string of weak economic readings from the country kept traders largely averse. While the , comments from Chair Jerome Powell suggested that interest rates may not rise further this year, especially as the U.S. economy cools. This saw U.S. Treasury yields fall sharply in overnight trade, in turn boosting technology stocks. A…
Highland Income Fund declares $0.077 dividend
© Reuters Investing.com– Most Asian currencies strengthened on Thursday, while the dollar fell sharply after mixed signals from the Federal Reserve ramped up bets that the central bank will not raise interest rates further. The was among the best performers for the day, surging 0.7% and blazing past weaker-than-expected . Markets were growing increasingly confident that the will raise interest rates when it meets next week, bringing them closer to U.S. levels and making the Aussie appear more attractive. The jumped 0.5%, recovering sharply from a one-year low as government officials continued to threaten intervention in currency markets. But the…
Politics of the Day
Sales associate Devani Knox (right) thanks Dana Nachman and her daughters Sidney, 7, Annie, 11, and … [+] son Charlie, 10, for test driving a Bolt EV all-electric car at a Chevrolet dealership in Fremont, Calif. on Friday, Aug. 4, 2017. (Photo By Paul Chinn/The San Francisco Chronicle via Getty Images)San Francisco Chronicle via Getty Images The Internal Revenue Service on Wednesday opened the portal for car sellers to register with Energy Credits Online – a site that will allow dealers to dole out the federal electric vehicle tax credit of up to $7,500 to buyers as a discount. The…
Australian pension fund to vote against improved Brookfield-led bid for Origin Energy
© Reuters. FILE PHOTO: A taxi drives in front of skyscrapers at the central business district, including AIA Central, China Construction Bank (CCB) Tower, Bank of China Tower, Cheung Kong Centre, HSBC and Standard Chartered Bank headquarters, in Hong Kong, China Aug HONG KONG (Reuters) – The Hong Kong Monetary Authority (HKMA) on Thursday left its base rate charged through the overnight discount window unchanged at 5.75%, tracking a move by the U.S. Federal Reserve to keep rates steady. The U.S. central bank held interest rates steady on Wednesday as policymakers paused its aggressive tightening of monetary policy to consider…
© Reuters. An American flag waves outside the U.S. Department of Justice Building in Washington, U.S., December 2, 2020. REUTERS/Tom Brenner/File Photo (Reuters) -The U.S. Justice Department’s investigation into Live Nation is focusing on whether the company uses anticompetitive agreements with venues and artists, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The probe is looking at any restrictions in the deals that Live Nation offers, including whether the agreements restrict venues’ ability to work with other promoters or ticket services, the report said. Enforcers in recent weeks have sent document retention letters to talent…
© Reuters. A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/Flee/File Photo By Stephanie Kelly (Reuters) – Oil prices edged higher in early trade on Thursday as the conflict in the Middle East kept investors on edge about whether it could disrupt oil supplies around the region. futures rose 38 cents at $85.01 a barrel by 0000 GMT, while U.S. West Texas Intermediate crude futures gained 46 cents at $80.90 a barrel. Iran’s Supreme Leader Ayatollah Ali Khamenei called on Muslim states to…
gilaxia/E+ via Getty Images Live Nation Entertainment (NYSE:LYV) dropped 1.8% in after-hours trading amid a report that the Justice Department is probing if the company’s agreements with venues to book talent and serve as a ticketing provider may be anticompetitive. The deals that Live Nation (LYV) uses to land artists for its events are among practices that the regulator is reviewing, according to a WSJ report on Wednesday, which cited people familiar with the matter. The agency is also looking at whether the company’s agreements restrict venues’ ability to work with other promoters or ticket services. “We do not understand…