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With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
Jan 15, 2024
  California's New Law: Turning Parking Lots into Affordable Housing   Introduction  In an effort to combat the ongoing homeless crisis, California has enacted a new law that allows religious institutions and nonprofit colleges to convert their parking lots and other properties into low-income housing.   The Law's Provisions  The law, signed by Governor Gavin Newsom, rezones land owned by religious institutions and nonprofit colleges...
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Nov 29, 2023
November has turned out to be the best month of the year so far for the Nifty, with the index gaining 5.5% so far ahead of Thursday's monthly F&O expiry.
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Jan 15, 2024
  Former Citibank Analyst's Unfair Dismissal Claim Rejected   Employee Lied About Food Expenses  A former Citibank analyst, Szabolcs Fekete, has lost his claim of unfair dismissal after a tribunal discovered he had lied about buying food for his partner and charging it to his employer.   Fekete, who was a senior analyst, claimed he had been both wrongfully and unfairly dismissed by Citibank....
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Nov 29, 2023
Six persons, including a 47-year-old woman, were injured in the incident. All of them were admitted to the nearby Shatabdi Hospital. They are being treated at the Out-patient Department (OPD) of the hospital and their condition is stable.
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Sector Update: Consumer Stocks Advance in Late Afternoon Trading
Sector Update: Consumer Stocks Advance in Late Afternoon Trading
Aug 25, 2024
03:49 PM EDT, 08/23/2024 (MT Newswires) -- Consumer stocks rose late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1.9%. In corporate news, Red Robin Gourmet Burgers ( RRGB ) shares tumbled 9.2%, a day after the company reported a wider Q2 loss. Purple Innovation...
Sector Update: Consumer
Sector Update: Consumer
Aug 25, 2024
03:26 PM EDT, 08/23/2024 (MT Newswires) -- Consumer stocks climbed late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.9%. In corporate news, Red Robin Gourmet Burgers ( RRGB ) shares tumbled 9.3%, a day after the company reported a wider Q2 loss. ...
Electronic Arts, Home Depot And 2 Other Stocks Executives Are Selling
Electronic Arts, Home Depot And 2 Other Stocks Executives Are Selling
Aug 25, 2024
The Nasdaq 100 closed lower by over 0.2% during Tuesday's session. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an...
Equities Higher as Fed Chair Indicates 'Time Has Come' for Rate Cuts
Equities Higher as Fed Chair Indicates 'Time Has Come' for Rate Cuts
Aug 25, 2024
03:46 PM EDT, 08/23/2024 (MT Newswires) -- US benchmark equity indexes were on track to close higher Friday after Federal Reserve Chair Jerome Powell said the time has come for monetary policy easing. The Nasdaq Composite was up 1.3% at 17,847.4, while the Dow Jones Industrial Average and the S&P 500 rose 1% each to 41,144 and 5,627.2, respectively. All...
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FedEx jumps on profit beat, improved margins in its largest unit
FedEx jumps on profit beat, improved margins in its largest unit
Mar 22, 2024
(Reuters) - FedEx ( FDX ) shares surged in premarket trading on Friday after the parcel giant beat estimates for quarterly profit and reported a higher operating margin at Express, its largest unit. Shares of the company rose 12.4% to $297.75 before the bell, with rival UPS up 3.5%. FedEx ( FDX ) has taken several measures to protect margins...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
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SEC Seeking $2 Billion in Fines From Ripple, According to Chief Legal Officer
SEC Seeking $2 Billion in Fines From Ripple, According to Chief Legal Officer
Mar 26, 2024
On March 25, Ripple CLO Stuart Alderoty revealed that the SEC’s brief will be made public on Tuesday, March 26, and the regulator will be asking the judge for $2 billion in fines and penalties. Alderoty added that the agency has asked U.S. District Judge Analisa Torres in Manhattan for the penalties in court papers filed under seal before stating:...
Here’s Why Robert Kiyosaki Wants to Buy More Bitcoin (BTC) Now
Here’s Why Robert Kiyosaki Wants to Buy More Bitcoin (BTC) Now
Mar 25, 2024
TL;DR Robert Kiyosaki advocates for Bitcoin investment, predicting a substantial price increase and suggesting fractional purchases for those who cant afford to buy a whole BTC. The halving event, among other factors, is identified as a significant catalyst for a potential rally. Why Accumulate More? Robert Kiyosaki the author of the best-seller Rich Dad, Poor Dad is among the most...
Goldman Sachs Observes Spike in Institutional Interest for Crypto Options: Report
Goldman Sachs Observes Spike in Institutional Interest for Crypto Options: Report
Mar 25, 2024
As per a Bloomberg report, institutional clients of Goldman Sachs’ Asia Pacific division are displaying revitalized interest in Bitcoin, Ether, and other crypto assets. This trend indicates a notable evolution in the investment landscape for traditional financial institutions. According to Max Minton, the head of digital assets at Goldman Asia Pacific, a significant number of the firms top clients have...
Spot Bitcoin ETF Flows Return to Positive as BTC Powers to $71K
Spot Bitcoin ETF Flows Return to Positive as BTC Powers to $71K
Mar 25, 2024
For the first time since March 15, the net aggregate flow of funds to the newly launched batch of spot BTC ETFs is positive. March 25 saw a net inflow of $15.4 million, reversing a trend that has resulted in net outflows of $887 million over the past week. While yesterday’s inflow figure is the lowest since January 26, it...
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