Author: Press Room
Business Insider is seeking nominations for the top equity research analysts who are 35 and under.We want to hear from you about people who have stood out in the world of sell-side equity research.Apply through this form by April 10. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app We’re looking to highlight the best up-and-comers in sell-side equity research — and we need your help to find them.If you know someone who should be considered, please submit your suggestions below or via this form. Take a look at…
While Spotify is trying to cut costs, some employees criticize lavish spending on events.It’s in the entertainment business, so a certain number of extravagant events are part of the deal.But how much is enough while the company lays off thousands of workers? Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Spotify celebrated its annual Wrapped campaign with an exclusive party at a London superclub in November.Sam Smith took to the stage and sang their popular hit “Unholy” as part of the 3,500-capacity event at Drumsheds, a former Ikea…
By James Knightley Ongoing strength means a June rate cut looks unlikely The US economy continues to show remarkable resilience in the face of high borrowing costs, tight credit conditions and a weak external backdrop. It appears on course to grow at a 2.5% annualised rate in the first quarter. We already know it added 829,000 jobs in the first three months of the year. With inflation still closer to 4% than the 2% target – and Wednesday’s numbers were a surprise – we have to admit that the likelihood of imminent policy easing from the Federal Reserve appears more…
Iran’s elite Revolutionary Guards have seized an Israeli-linked container ship in the latest escalation of hostilities between the Islamic republic and Israel. The capture of the MSC Aries comes as Tehran has been vowing to respond to a suspected Israeli air strike on Iran’s consular building in Damascus this month that killed seven guards members, including two senior commanders. Video published online showed two guards soldiers sliding from a helicopter down ropes on to the deck of the 366m-long container ship in the Gulf of Oman. The vessel is operated by Geneva-based Mediterranean Shipping Company, the world’s biggest container shipping line.…
Days before his hush money trial begins in New York, former President Donald Trump returns Saturday to the crucial swing state of Pennsylvania for a campaign rally that will be notable for who won’t be there – the expected Republican nominee for Senate, Dave McCormick. Trump has been reluctant thus far to endorse McCormick, who is running unopposed in the GOP primary to take on Democratic incumbent Bob Casey in the critical Senate battleground. McCormick’s campaign told CNN the candidate has a previously scheduled family event, having made the commitment long before Trump announced his planned rally in Schnecksville in the Allentown suburbs. The…
HOUSTON – James David Johnston, the Executive Vice President, General Counsel, and Chief Compliance Officer of Summit Midstream (NYSE:) GP, LLC, the general partner of Summit Midstream Partners, LP (NYSE:SMLP), has sold 3,400 common units of the company. The transaction, which took place on March 22, 2024, amounted to over $85,000, with the units sold at a weighted average price of $25.21. The sale was conducted in a series of transactions with prices ranging from $25.01 to $25.65 per unit. Following the transaction, Johnston’s direct holdings in Summit Midstream Partners, LP stand at 48,201 common units. The units were sold…
Investing.com – The U.S. dollar edged lower in European trade Friday, but remained on course for a positive week, after hotter-than-expected U.S. inflation data ramped up fears of hawkish signals from the Federal Reserve next week. At 06:15 ET (10:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 102.950, on track for a 0.3% rise for the week, its first weekly gain in four. Dollar gains on hot inflation data The U.S. rose 0.6% in February, double the 0.3% expected, adding further signs that inflation remains an issue for…
By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will hold its key interest rate at 4.35% for a third straight meeting on Tuesday and at least until end-September, according to a Reuters poll of economists who see at least two rate cuts in the final quarter of 2024. While financial markets have priced in rate cuts for most other major central banks starting around June, the Reserve Bank of Australia is a notable outlier with no such mid-year pricing. Despite the RBA’s recent hawkish stance and still-elevated inflation, no economist expected the next move to be up, with a…
If you don’t want to outlive your money in retirement, then you’ll need a plan to make your money last for the rest of your life, no matter how long you live. Otherwise, with no plan, you’ll need to count on hope and luck, which isn’t the smartest choice. Your plan should include these steps: Satisfy the common-sense formula for retirement security: I > E, or income greater than living expenses. Continue investing throughout retirement. Build and manage an emergency financial fund. Let’s look at each of these steps in detail. How To Manage Your Expenses In Retirement Here’s the…
Mortgage rates continue their steady climb upward. Rates for 30-year mortgages averaged 6.88% this past week, Freddie Mac reported. Rates last week averaged 6.82%, and a year ago, the 30-year fixed-rate mortgage averaged 6.27%. “Mortgage rates have been drifting higher for most of the year due to sustained inflation and the reevaluation of the Federal Reserve’s monetary policy path,” Sam Khater, Freddie Mac’s chief economist said.Borrowers looking for 15-year mortgages also saw average rates go up this week. The average 15-year rate was 6.16%, up from last week when it averaged 6.06%. Inflation is pushing these rates higher, but the…
