Author: Press Room

HSBC is “very positive” about the mid- to long-term outlook for the Chinese economy despite current headwinds, the British bank’s chief financial officer told CNBC.Growth in China has been weighed down over the past year by a slump in the country’s traditional economic pillars of real estate, infrastructure and exports. This prompted Beijing to ramp up its efforts to bolster manufacturing and domestic tech in a bid to modernize its economy and remain globally competitive.Speaking to CNBC’s Karen Tso on Wednesday, HSBC CFO Georges Elhedery said the lender — which is headquartered in London but does a lot of its…

For decades, research has showed that earning a degree is almost always worthwhile.Recent college graduates working full-time earn $24,000 more a year than those with just a high school diploma, according to newly released data from the Federal Reserve Bank of New York.Additionally, finishing college puts workers on track to earn a median of $2.8 million over their lifetime, compared with $1.6 million if they only had a high school degree, according to “The College Payoff,” a report from the Georgetown University Center on Education and the Workforce.In general, bachelor’s degree holders earn 75% more over their career, the report found — and, in…

President Joe Biden on Thursday said he believes it’s “vital” that US Steel remain American owned and operated, dealing a blow to the iconic company’s planned sale to Japan’s Nippon Steel. The announcement marks the strongest opposition yet from the White House to a controversial deal that has drawn some bipartisan criticism. “It is important that we maintain strong American steel companies powered by American steel workers. I told our steel workers I have their backs, and I meant it,” Biden said in a statement. “US Steel has been an iconic American steel company for more than a century, and it…

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Last updated: March 14, 2024 08:15 EDT | 3 min read DOGE has gained by 6% in the past 24 hours, with the Dogecoin price reaching $0.1806 after Elon Musk declared “Dogecoin to the Moon” during a Q&A yesterday.The famous meme coin has now risen by 18% in a week and by 120% in a month, as well as by 140% in the past year.These are all healthy figures, yet Musk’s remarks in favor of Dogecoin yesterday show how much the coin could potentially rise if it receives more support from the entrepreneur and his companies.And with the market becoming…

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Artificial intelligence is having a 90s-like boom — and one analyst says Nvidia is leading the charge.”This is a 1995 Moment as now the AI Revolution and $1 trillion of incremental spending over the next decade is hitting the software ecosystem and rest of tech sector,” Dan Ives, a tech analyst at Wedbush Securities, wrote in a recent analyst note.Back in ’95, the internet became more commercially available — and changed the world in the process.Ives thinks we could be at the same kind of inflection point with AI investments. Nvidia is taking advantage, he said, by making highly sought-after…

Saturn Oil & Gas Inc. (OTCQX:OILSF) Q4 2023 Earnings Conference Call March 13, 2024 12:00 PM ET Company Participants Kevin Smith – Vice President, Corporate Development John Jeffrey – Chief Executive Officer Justin Kaufmann – Chief Development Officer Scott Sanborn – Chief Financial Officer Kevin Smith Hello and thank you for joining Saturn Oil’s Fourth Quarter 2023 Financial Operations Investor Update. My name is Kevin Smith, Vice President, Corporate Development, and I’ll be your moderator for this webcast. We’ll start with a presentation from management. And following that, we’ll be happy to address any of your questions and take your…

Joe Biden plans to intervene in Nippon Steel’s proposed purchase of US Steel, a move that could threaten the deal and anger Japan, one of Washington’s closest allies.Biden will issue a statement expressing serious concern about the Japanese group’s proposed $14.9bn acquisition of the Pennsylvania-headquartered steelmaker before Prime Minister Fumio Kishida arrives for a state visit in Washington on April 10, according to six people familiar with the decision.US officials and lawyers have drafted the statement and the White House has privately informed the Japanese government of the president’s decision, according to people familiar with the matter. US Steel’s shares…

A man who sent a bomb threat in 2021 to Katie Hobbs, then-Arizona’s secretary of state and now Democratic governor, has been sentenced to three and a half years in prison. James Clark of Falmouth, Massachusetts, pleaded guilty in August 2023 to one count of making a threatening interstate communication after being indicted the previous summer on three counts, including making a bomb threat, the Justice Department announced. “Those using illegal threats of violence to intimidate election workers should know that the Justice Department will find you and hold you accountable under the law,” Attorney General Merrick Garland said in…