Author: Press Room

Par Pacific Q3 2023 Earnings Preview

© Reuters. Investing.com– Most Asian currencies strengthened on Monday, while the dollar hovered near six-week lows as softer-than-expected U.S. payrolls data and less hawkish signals from the Federal Reserve drove up bets that the bank was done raising interest rates. Focus now turns to key upcoming economic readings from China, as well as a Reserve Bank of Australia meeting this week for more cues on major Asian economies.  Sentiment was largely risk-on after data on Friday showed that U.S. grew less than expected in October. The reading signaled more cooling in the U.S. labor market, which has been a key…

Iowa Gov. Kim Reynolds will endorse Florida Gov. Ron DeSantis over former President Donald Trump for the 2024 Republican presidential nomination at a rally in Des Moines on Monday evening, sources familiar with the planning of the event confirmed to Fox News.The endorsement is seen as a boost for DeSantis’ presidential hopes as polls indicate the governor trailing frontrunner Trump in a distant second in Iowa and in national surveys.Reynolds, the popular two-term GOP governor of the state, is set to join DeSantis at his rally in Des Moines as a “special guest,” according to a social media account associated…

Two colleagues in medical masks bump elbows during coronavirus COVID-19 epidemic in office, getty Weeks after the IRS announced a moratorium on processing new Employee Retention Credit (ERC) claims, the IRS has issued more guidance on the program. Specifically, the IRS has issued an opinion about whether an employer can rely on communications from the Occupational Safety and Health Administration (OSHA) to determine whether they qualify as an “eligible employer” for purposes of the credit. ERC Here’s how the ERC works. Eligible employers are those that paid qualified wages to some or all employees after March 12, 2020, and before…

Toyota’s battle to catch up with Tesla in a new era of electric vehicles is playing out in one of the oldest parts of the carmaking business: the assembly line.The Japanese carmaker has been claiming technology breakthroughs in solid-state batteries and last week placed an $8bn bet on the US electric vehicle market as it tries to persuade investors of its ability to compete with Tesla.But Toyota is also being challenged by Tesla on the factory floor, where the world’s most valuable carmaker is pioneering a fundamental change to the way cars are made. Tesla chief executive Elon Musk argues…

© Reuters. Investing.com– The Reserve Bank of Australia is widely expected to raise interest rates when it meets on Tuesday, following signs of a resurgence in inflation and some hawkish comments from central bank officials. The RBA is expected to raise its to 4.35%, as stronger than expected released in October saw a string of analysts adjusting their expectations.  Australian banks ANZ and Westpac both brought forward their forecasts for a hike to November from December, while UBS and ING also expect a rate hike at the RBA’s November 7 meeting.  This was accompanied by a warning from new RBA…

© Reuters. By Lewis Jackson SYDNEY (Reuters) – Private equity group Allegro Funds said on Monday it had received the final approval for its takeover of Scyne Advisory, PwC Australia’s former government consulting wing, clearing the way for the deal to close this week. PwC Australia sold the business, once responsible for a fifth of revenue, in June for A$1 ($0.65) as government departments cut ties with the “big four” firm because of a national scandal involving leaked tax plans. Renamed Scyne Advisory, the sale is set to complete this Wednesday after Australia’s Foreign Investment Review Board cleared the deal…

Michael Vi/iStock Editorial via Getty Images Palo Alto Networks (NASDAQ:PANW) is near a deal to purchase an Israeli cyber security startup for $600 million to $700 million. Palo Palto (PANW) is close to acquiring Talon Cyber Security in an agreement that may be annouced as soon as Monday, according a report in The Information, which cited people familiar with the matter. Palo Alto (PANW) on Tuesday announced it was buying cloud security start-up Dig Security for a reported $400 million. Tel-Aviv based Talon has raised $126 million from backers including Lightspeed Venture Partners and Team8, including $100 million in a…

Sen. Bernie Sanders refused to condemn remarks by fellow progressive Rep. Rashida Tlaib that some have criticized as “antisemitic.”Appearing on CNN’s “State of the Union,” Sanders was shown a clip of recent Tlaib remarks in which the Michigan Democrat accuses Israel of committing “genocide” in Gaza and asked about her controversial use of the phrase “from the river to the sea,” which host Dana Bash pointed out is considered an “antisemitic” rallying cry by the Anti-Defamation League.”What’s going on right now is a horror show,” Sanders, I-Vt., said in response to the clip. “We don’t have to quibble about words.…

CENTCOM on Sunday confirmed an Ohio-class submarine has traveled to the Mediterranean Sea. Ohio-class submarines can be equipped with advanced ballistic or Tomahawk missiles. The sub was pictured appearing to sail through the Suez Canal in Egypt, which connects the Mediterranean and Red Seas. 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 An Ohio-class submarine, a type of vessel which can be equipped with advanced ballistic or Tomahawk cruise missiles, has arrived in the Mediterranean as the US continues to bolster its defensive posture…