Author: Press Room

U.S equity futures rose slightly Sunday evening as investors looked ahead to key inflation data and the start of first-quarter earnings season.Futures tied to the broad market S&P 500 rose 44 points, or 0.2% and Dow Jones Industrial Average futures edged up 0.1%. Nasdaq 100 futures advanced 0.2%.On Thursday, the major averages rose to end a holiday-shortened trading week. However, only the Dow notched a weekly gain of 0.6% while the S&P 500 and Nasdaq Composite posted weekly losses, ending lower by 0.1% and 1.1%, respectively.The market was volatile as economic data showed signs of a weakening labor market. The March jobs…

The US labor market has kept trucking right along even as other areas of the economy have slowed. But that once high-octane ride is showing some signs of wear and tear amid the Federal Reserve’s yearlong efforts to cool inflation by suppressing demand. Job cuts are mounting, hiring activity is losing momentum, and uncertainty is simmering as to how the banking sector’s recent tumult could ripple through the economy. “I think the image, for me, that most sums up where we are in the labor market is the image tweeted by Bloomberg’s chief economist, which shows that mentions of job…

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Dogecoin and Shiba Inu are two of the most well-known joke crypto assets in the emerging crypto industry. However, both have largely underperformed due to their lack of real-world utility.In a fast-growing world where technology is changing how we connect with the world around us, having a voice is becoming even more important by the day. A new meme coin is facilitating a sanction-free voting mechanism for the future. Called Love Hate Inu, the vote-to-earn (V2E) project allows users to vote on any trending public issues and earn cryptocurrencies for letting their opinions known.Shiba Inu Mascot New Face of TwitterThe whole world…

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President and COO Daniel Pinto has been tapped to act as “sole CEO” in case of an emergency. But the board is also grooming several other top execs “as strong potential CEO candidates.” We’ve got names and faces for more than 100 top JPMorgan leaders across investment banking, and more. As the largest bank in the United States by assets, JPMorgan Chase has long served as a bellwether for both legacy competitors and startups alike. The bank’s CEO and chairman, Jamie Dimon, has consequently been a leading voice shaping both Wall Street and Main Street for decades. Dimon has steered JPMorgan…

Semafor reported that execs at some big advertisers had concerns about Elon Musk’s “racist rhetoric.” McDonald’s marketing chief feared Musk was “perpetuating racism” under “the guise of freedom of speech.” A Colgate-Palmolive exec said she was “mindful of the harmful and often racist rhetoric” of Musk, per Semafor. 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 Representatives of big advertisers including McDonald’s and Colgate-Palmolive expressed concern that Elon Musk’s free speech agenda at Twitter is “perpetuating racism,” according to an email chain obtained by…

As an investor, one of the things you don’t want is for your company to do a major announcement via an SEC filing without a press release. Generally, no good comes out of these. We saw one on the Good Friday holiday from First Republic Bank (NYSE:FRC.PK) and it contained news that likely made investors worried. On April 6, 2023, and as a measure of prudent oversight, the Board of Directors (“Board”) determined to suspend payment of the quarterly cash dividend on each series of the Bank’s outstanding noncumulative perpetual preferred stock set forth below (the “Preferred Stock”). Under the…

A Saudi Arabian delegation has arrived in Yemen to negotiate an end to the long-running war that has pitted the kingdom and its allies against the Iran-backed Houthi militia group.The delegation, and a team from Oman which had mediated negotiations, are due to meet a top rebel leader in the Houthi capital Sana’a in the coming days, in order to “lift the siege and end the aggression”, a Houthi news agency said on Sunday.Diplomats had said in recent weeks that there was progress in talks, and the visit comes after Saudi Arabia agreed to normalise relations with Iran, which had…

Highly classified Pentagon documents leaked online in recent weeks have provided a rare window into how the US spies on allies and foes alike, deeply rattling US officials, who fear the revelations could jeopardize sensitive sources and compromise important foreign relationships. Some of the documents, which US officials say are authentic, expose the extent of US eavesdropping on key allies, including South Korea, Israel and Ukraine. Others reveal the degree to which the US has penetrated the Russian Ministry of Defense and the Russian mercenary organization Wagner Group, largely through intercepted communications and human sources, which could now be cut…