Author: Press Room

Investing.com– Oil prices settled lower Thursday, though losses were kept in check by optimism that major central banks are set to cut rates in the coming months, boosting global economic growth and crude demand  By 14:30 ET (19.30 GMT), the futures traded 0.3% lower to settle at $78.93 a barrel and the contract was flat at $82.96 a barrel. Powell reiterates rate cuts coming this year; ECB drops huge June rate-cut hint  In his second-day of testimony before Congress, Fed Chair Jerome Powell said the Fed is “not far” from reaching the confidence needed to cut interest rates this year,…

By Maytaal Angel and Marcelo Teixeira LONDON (Reuters) -Global cocoa prices hit fresh record highs on Thursday as traders continued to scramble for supplies, predicting ever wider deficits this season and with concerns growing for the next. The surge in prices is filtering through to retail shelves, with Hershey expecting to see a further slowdown in demand for its products from cash conscious customers after its sales volumes slid 6.6% in the fourth quarter. The chocolate major, shares of which are down some 30% from a May 2023 peak, also said earlier that it expects the higher cocoa prices to…

Early in the new year, a severe winter storm warning for our area resulted in the closure of my grandsons’ schools, cancellation of business meetings, and a grocery store run on milk and essentials. What happened? Instead of blizzard-like conditions and a foot of snow, we got three inches of rain and mid-30s temperatures. I often wonder how it feels to have a job where what you say, even if wrong, can have such an impact. Wait a minute! I do; I work with Medicare. Medicare misinformation is widespread. It seems that if the source has any connection to seniors,…

The House approved a bill Wednesday that calls for China tech giant ByteDance to divest TikTok or the popular social video app will effectively be banned in the U.S.The measure passed with a resounding 352-65 vote and with one member voting present.The legislation, dubbed the Protecting Americans from Foreign Adversary Controlled Applications Act, was introduced March 5 by Reps. Mike Gallagher, R-Wis., and Raja Krishnamoorthi, D-Ill., of the House Select Committee on the Chinese Communist Party. Two days later, House members on the Energy and Commerce Committee voted unanimously to approve the bill, which refers to TikTok as a threat…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. U.S. stocks were mixed Wednesday following Tuesday’s record high close for the S & P 500 on a rebound in the artificial intelligence momentum trade. One day later, tech was the only sector in the red. While a rise in bond yields was not helping, the move was not surprising given the recent uptick in inflation data. On Tuesday, it was February’s consumer price index coming in warmer than expected. February’s producer price index is…

If you’re a TikTok fanatic worried about how you’re going to stay connected to the world after a bill that could ban the app passed the House of Representatives Wednesday … don’t panic just yet. For those just catching up: US lawmakers have renewed efforts to crack down on TikTok over national security concerns related to its Chinese parent company ByteDance. The bill would prohibit TikTok from US app stores unless the social media platform is quickly spun off from ByteDance. The bill, called the Protecting Americans from Foreign Adversary Controlled Applications Act, advanced out of the House Energy and Commerce…

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Covalent (CQT), recognized as a leading multichain indexer with 225+ chains, is entering an exciting integration with Gnosis Chain, a prominent Ethereum Virtual Machine (EVM) blockchain. This marks a significant milestone as it introduces cutting-edge, real-time data indexing including Covalent’s Unified API and GoldRush Kit into the dynamic Gnosis ecosystem. In doing so, it is reshaping onchain data accessibility for Gnosis’ developers.Gnosis Chain, operating as the associate execution-layer EVM chain for stable transactions, is centered on experimentation and the development of decentralized infrastructure within the Ethereum ecosystem. With an emphasis on decentralization and security, Gnosis operates as an open-sourced protocol,…

Pivotal, the flying-car company that Larry Page, a cofounder of Google, backs, announced this week it had laid off nine employees, or 10% of its staff, according to the company and a memo seen by Business Insider.In an internal note sent Thursday, Ken Karklin, the CEO of Pivotal, told staff that the company made cuts following an internal workforce review and that it needed to “make room for different skill sets and competencies.”Karklin said the cuts were not related to individual performance or cost reduction, adding that the company plans to replace most of the eliminated positions “with significantly varied…

TransMedics Group, Inc. (NASDAQ:TMDX), a company you probably never heard of, is transforming the organ transplant landscape. This is a rare opportunity to invest in a company that’s going to save thousands of lives (and already has), at a very early stage, but with already proven capabilities and FDA approvals. Let’s dive in. Introduction To TransMedics TransMedics Group was founded in 1998 by Dr. Waleed H. Hassanein. It is a medical technology company focused on transforming organ transplant therapy for end-stage organ failure patients. When it comes to organ transplants, there are essentially two primary goals. One is to maximize…