Author: Press Room
The man who suggested Twitter use hashtags has left the platform. Chris Messina reportedly said the company “deserved more dignity and consideration than it’s received in the last six months.” The platform has been through a period of upheaval since Elon Musk bought it in October. 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 The man responsible for Twitter’s use of hashtags to group tweets has left the platform, saying it’s been mismanaged under Elon Musk’s ownership.Chris Messina, who in 2007 suggested Twitter start…
At least nine members of Congress sold banking stocks before and during market turmoil last month, including a member of the House financial services committee who sold Silicon Valley Bank stock before it failed.Josh Gottheimer, a New Jersey Democrat and a member of the financial services committee since 2019, disclosed the sale of shares in the California bank made on March 9, valued between $1,000 and $15,000, according to analysis of public disclosures of stock sales by Quiver Quantitative. SVB collapsed the next day, sending US banking stocks into a massive downward spiral.He also reported sales made on March 6…
Brownstein: Trump dominating GOP, Biden has “wind in the sails” “What has to be ominous for the other Republicans,” says Ronald Brownstein, ” is how similar this looks to the way Donald Trump marched the nomination in 2016.” And for Democrats, despite ambivalence about Biden running again, their “wind in the sails” is voters finding the GOP’s alternative “too extreme.” Read the full article here
The uncertainty around whether the U.S. will raise its debt ceiling before it is hit in coming months has started to rattle some financial markets as it did in 2011, but it might provide a bullish case for bitcoin, according to analysts at crypto investment company NYDIG. The deadline to raise the U.S. debt ceiling, or the amount of money the U.S. government is authorized to borrow, is approaching faster than expected, according to analysts at Goldman Sachs. It could arrive as early as June, according to the analysts. … Read the full article here
Oil futures on Thursday extended a pullback that’s taken the U.S. benchmark back below the $80-a-barrel threshold, partially erasing gains scored after OPEC+ announced surprise production cuts early this month.Price actionMarket drivers Crude surged in early April, leaving a large upside gap on the daily charts, after Saudi Arabia and its OPEC+ allies announced cuts of around 1.15 million barrels a day beginning in May and running through the end of the year, while Russia said it would extend cuts of 500,000… Read the full article here
© Reuters. FILE PHOTO: A shopping cart is seen at a Bed Bath & Beyond store in Manhattan, New York City, U.S., June 29, 2022. REUTERS/Andrew Kelly (Reuters) – Bed Bath & Beyond Inc (NASDAQ:) is considering sales of assets and intellectual property as part of a potential bankruptcy filing that could come as soon as this weekend, Bloomberg News reported, citing people with knowledge of the situation. The home goods retailer is also looking to secure funding from U.S.-based investment firm Sixth Street Partners to support its operations through Chapter 11 proceedings but the plans could still change, Bloomberg…
By Maria Martinez and Riham Alkousaa BERLIN (Reuters) – German wind power developer SL Naturenergie has been looking for a senior project developer for two years now without success. The company, in the west German town of Gladbeck, needs to expand its workforce of 50 by a fifth to ensure it can keep up with growing orders, but is struggling to fill all 10 job vacancies. SL Naturenergie’s predicament is common in the renewables sector where companies, from startups to medium sized and blue-chip firms, are competing for a limited pool of labour with appropriate skills. Germany aims for 80%…
By Davide Barbuscia NEW YORK (Reuters) – Vanguard, the world’s second-largest asset manager, increased exposure to large bank’s bonds during the banking rout in March, taking advantage of cheap valuations, according to a report seen by Reuters. The collapse of two U.S. regional banks last month triggered wild price fluctuations across fixed income markets, with worries over the banking sector weighing broadly on corporate bond prices. “The banking troubles offered a brief window to add large banks at compelling valuations,” said the report, written by Sara Devereux, global head of fixed income group, and her team. “We had little exposure…
Personal finance expert Dave Ramsey slammed the federal government over runaway spending as talks over the looming fiscal cliff between the White House and GOP remain stalled. “It’s distressing because… money problems in our personal lives or in Washington are not really the problem. They’re the symptom of something else that’s going on in our lives,” Dave Ramsey said on FOX Business’ “Cavuto: Coast-to-Coast” Tuesday. “In the case of Washington,” he continued, “the spending and the debt ceiling being continually raised and trillions upon trillions upon trillions of debt just continuing to pile in there, it’s just it’s not really the…
The Supreme Court decision on whether or not it allows the Biden administration to move forward with the plan to cancel $400 billion in student debt will have life-changing financial consequences for tens of millions of Americans.Unfortunately for borrowers, legal experts remain skeptical that the justices will greenlight the relief.”I expect the court will rule against the Biden administration,” said Paul Collins, Jr., professor of legal studies and political science at the University of Massachusetts Amherst.Collins predicts the six conservative justices will vote down President Joe Biden’s program, and that the three liberal justices will be in favor of it.…
