Author: Press Room
By Joshua Kirby Shares in Salvatore Ferragamo SpA lost ground Friday after the Italian luxury-goods company posted lower sales for the first quarter, signaling that a brand revamp is yet to take effect. At 0753 GMT, Milan-listed shares were trading 6.3% lower at EUR16.29. Year-to-date, shares are down 2.5%, compared with a 24% rise for the… Read the full article here
By Barani Krishnan Investing.com — Crude prices fell 2% or more for a third time in four days as growing expectations for a tenth U.S. rate hike since the pandemic and a recession at some point this year weighed on oil markets, offsetting a major boost from a recent OPEC output maneuver. New York-traded West Texas Intermediate, or , crude settled down $1.87, or 2.4%, at $77.29 a barrel, after a three-week low at $76.97. The U.S. crude benchmark has lost 6% of its value since the start of this week on recession and rate hike fears that extended the rebound…
By Nerijus Adomaitis OSLO (Reuters) -Norway’s $1.4 trillion sovereign wealth fund, one of the world’s largest investors, said on Saturday it will vote against a resolution calling on British oil major BP (NYSE:) to adopt tougher greenhouse gas targets. While BP already aims to reduce emissions, the motion filed by activist group Follow This ahead of an April 27 shareholder vote calls on the company to align with the Paris climate deal’s goal to limit global warming. Norges Bank Investment Management (NBIM), which operates the Norwegian fund, said last year that it plans to take a tougher line on companies…
Elon Musk’s Twitter on Thursday began a purge of blue verification check marks from users who have not signed up for its subscription service, with the checks disappearing from the accounts of journalists, academics and celebrities. The blue checks even disappeared from the accounts of some of the most well-known and widely followed people on the social network, including Kim Kardashian, Beyonce, Bill Gates, Pope Francis, former president Donald Trump and Twitter founder Jack Dorsey. Some government agencies — including the official account for US Citizenship and Immigration Services and accounts for some state Customs and Border Patrol offices —…
Watch full video on YouTube
Decentralized finance (DeFi)-focused layer 1 blockchain Berachain has succeeded in raising a total of $42 million in its recently completed Series A funding round at a valuation of $420.69 million.Led by Polychain Capital, the funding round enabled Berachain to source capital from a number of investors. These included Hack VC, CitizenX, Dao5, Tribe Capital, Robot Ventures, and Shima Capital, as well as “multiple centralized exchange venture funds,” the blockchain announced in a tweet. In reaction to the latest development, Berachain’s pseudonymous co-founder Smokey the Bera tweeted: Berachain eyes new hires for its teamNotably Berachain used the latest development as an opportunity to advertise…
On Wednesday, thousands of Meta workers received early-morning emails about their employment status. Layoffs hit workers and many managers in Facebook, Reality Labs, Instagram, and WhatsApp. The second half of Meta’s job cuts will come to the business divisions next month. Meta began another round of layoffs on Wednesday, and employees were again left to figure out which jobs, levels, and teams were affected by the cuts.Over 1,000 workers in tech and engineering roles used group messages seen by Insider to share information and discuss whether they or their teammates were laid off in another round of cuts during Meta’s…
Ukraine’s state energy company has held talks with ExxonMobil, Halliburton and Chevron about projects in the war-torn country as Kyiv looks to lure back foreign investment into its energy sector.The negotiations with big US fossil fuel players are part of a strategic push to increase natural gas production that Ukrainian officials believe could help replace Russian supply to Europe in the years ahead, and come after months of Russian bombardment of Ukraine’s energy network.Oleksiy Chernyshov, chief executive of Naftogaz, Ukraine’s national energy company, said he held meetings in recent days in Washington with Halliburton and ExxonMobil. He said he met…
‘This is a little bit of a surprise’: CNN legal analyst on Supreme Court’s abortion pill ruling The Supreme Court protected access to a widely used abortion drug by freezing lower-court rulings that placed restrictions on its usage as appeals play out. CNN’s legal analyst Karen Friedman Agnifilo weighs in. Read the full article here
Worries over a looming deadline to raise the U.S. debt ceiling are rippling through the Treasury bill market, according to BofA Global Research. BofA strategists said in a rates research note Friday that they’ve pulled forward their estimate of the so-called X-date, when the U.S. government risks hitting its borrowing limit and technically defaulting on its debt obligations, to August 1. The revised estimate “could slip to late July,” they said, from their previously anticipated X-date of mid-to-early August. “We… Read the full article here
