Author: Press Room
LONDON (Reuters) – As China’s troubled markets take time out for the Lunar New Year holiday, U.S. inflation numbers, key UK data, Russia’s central bank meeting and an election in the world’s third-largest democracy vie for the spotlight. Here’s your week ahead primer in world markets from Rae Wee in Singapore, Ira Iosebashvili in New York, and Amanda Cooper, Naomi Rovnick and Alexander Marrow in London. 1/ NOT YET For traders trying to bet on the timing of a first U.S. rate cut, life has not been made easy by an outperforming economy that could fuel a much-feared inflationary rebound.…
You might have read that Social Security might raise its retirement age as a means to help fix the program’s financial challenges. If this happens, how could it affect you? The answer is…we don’t know for sure, and it will most likely depend on your age. However, we can gain insights by looking at how lawmakers implemented prior changes to Social Security benefits and by learning about potential changes that policy analysts have been examining. We’ll also discuss other impacts on your retirement planning should lawmakers decide to increase the retirement ages for Social Security and Medicare. What’s The Current…
How might one improve upon perfection? It’s an eternal query for the metaphysical mind and a timely one for the here-and-now investor, after the stock market has feasted for months on a near-ideal set of conditions. An adorable Goldilocks economic expansion, enough global disinflation to constrain bond yields in a benign range, lavishly generous credit markets and a clear upturn in earnings growth might be enough to explain the S & P 500 hitting further record highs last week and logging a 25% gain since late October. But on top of that rich bounty, the Federal Reserve seems prepared to…
Wall Street ended the week lower, despite the S & P 500 notching an all-time closing high Thursday and the Nasdaq Composite hitting an intraday record Friday before dropping more than 1% in the session. The Dow Jones Industrial Average registered its worst week since October, falling 0.93%. The S & P 500 and tech-heavy Nasdaq lost 0.26% and 1.17%, respectively. Earnings season also continued to wind down on a largely positive note. According to FactSet, 99% of S & P 500 companies have reported results; 73% of companies reported an upside earnings surprise, while 64% reported better-than-expected revenue results.…
Why does actor Aaron Paul co-own a mezcal brand? The answer is quite simple: “I like drinking.” Along with his former “Breaking Bad” co-star turned best friend Bryan Cranston, the two co-founded Dos Hombres Mezcal in 2019 — joining the long list of celebrity-backed alcohol brands launched in recent years. At the Oscars on Sunday, Robert de Niro, nominated for “Killers of the Flower Moon,” can console himself if he loses with a sip of his brand Vdka 6100. “American Fiction” actress and Academy Awards presenter Issa Rae can toast with her new Prosecco line Viarae. Fellow presenter Dwayne “The…
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Last updated: March 9, 2024 04:04 EST | 2 min read Source: Pixabay A well-funded political action committee (PAC) backed by prominent figures in the cryptocurrency industry has set its sights on key Senate races, with the goal of potentially shifting the balance of power in Congress. The PAC, called Fairshake, recently spent over $10 million successfully opposing a Democratic U.S. Senate candidate in California and now plans to concentrate its efforts on races in Ohio, Montana, Maryland, and Michigan.Fairshake, which has amassed a staggering $85 million in funding, primarily from major crypto players Coinbase, Ripple Labs, and Andreessen Horowitz, intends to allocate…
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Meta CEO Mark Zuckerberg is arguing he can’t be held personally liable for accusations that his platforms have led to kids being addicted to social media — and he may have a point.Zuckerberg’s legal team was in court in Oakland, California, this week over a string of lawsuits filed against Meta and him personally by parents and schools that allege his actions and Meta’s have harmed children by causing social media addiction, NBC Bay Area reported.Zuckerberg has requested he personally be dropped from the two dozen lawsuits, which were filed by people from over a dozen states. A ruling in…
Primega Is Growing Slowly And Operating Results Are Declining Primega Group Holdings Limited (PGHL) has filed to raise $8.75 million in an IPO of its common shares, according to an SEC F-1 registration statement. Primega provides construction transportation services for materials use and disposal and ancillary services. PGHL is producing slow growth from a small base, reduced operating margin, and has substantial regulatory, operating, and investor information risks, so my outlook on the IPO is to Sell [Avoid]. What Does Primega Group Do? Hong Kong, PRC-based Primega Group Holdings Limited was founded to provide soil and rock transportation services to…
