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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...
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....
Adobe’s CFO is helping steer the company’s path into generative AI
Adobe’s CFO is helping steer the company’s path into generative AI
Jan 15, 2024
  Generative AI: Adobe's Finance Organization Embraces Innovation   Introduction  Adobe, a leading software company, is charging full steam ahead towards a future powered by generative AI products, with finance playing a pivotal role in this transformative journey. Dan Durn, CFO and EVP of finance, technology services, and operations at Adobe, emphasizes the significance of the finance organization's involvement in strategic discussions, understanding...
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.
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US STOCKS-Wall St slides, S&P 500 hits over two-month low after hot payrolls data
US STOCKS-Wall St slides, S&P 500 hits over two-month low after hot payrolls data
Jan 10, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click/ or type LIVE/ in a news window.) * December US job growth beats expectations * Walgreens set for best day since 1980 after Q1 profit beat * Constellation Brands ( STZ ) slides after trimming FY forecasts * Indexes off: Dow 1.49%, S&P 500 1.58%, Nasdaq 1.89%...
US Equity Indexes Dive as Surging Treasury Yields Following Blowout Payrolls Lift Higher-for-Longer Rate Bets
US Equity Indexes Dive as Surging Treasury Yields Following Blowout Payrolls Lift Higher-for-Longer Rate Bets
Jan 10, 2025
12:55 PM EST, 01/10/2025 (MT Newswires) -- US equity indexes fell as a beat on nonfarm payrolls and rising inflation expectations sent government bond yields flying, increasing the probability that interest rates will remain higher for longer. The S&P 500 dropped 1.7% to 5,816.2, with the Nasdaq Composite down 2% to 19,091.3 and the Dow Jones Industrial Average 1.7% lower...
Dow Dips 500 Points; US Economy Adds 256,000 Jobs In December
Dow Dips 500 Points; US Economy Adds 256,000 Jobs In December
Jan 10, 2025
U.S. stocks traded lower this morning, with the Dow Jones index falling around 500 points on Friday. The Dow traded down 1.18% to 42,130.51 while the NASDAQ dipped 1.54% to 19,178.72. The S&P 500 also fell, dropping, 1.26% to 5,843.63. Check This Out: How To Earn $500 A Month From Synovus Financial Stock Ahead Of Q4 Earnings Leading and Lagging...
Exchange-Traded Funds, US Equities Lower After Midday Trading
Exchange-Traded Funds, US Equities Lower After Midday Trading
Jan 10, 2025
01:15 PM EST, 01/10/2025 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded fund IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) fell 1.6%. US equity indexes dropped in midday trading Friday as a beat on nonfarm payrolls and rising inflation expectations sent government bond yields higher. Energy iShares US Energy ETF (IYE) and Energy Select Sector SPDR...
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Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Ecopetrol's Reficar wins court judgment in long-running dispute with McDermott
Ecopetrol's Reficar wins court judgment in long-running dispute with McDermott
Mar 21, 2024
BOGOTA, March 21 (Reuters) - Colombia's Ecopetrol said on Thursday its Reficar oil refinery was awarded 19.9% of the common capital in U.S. infrastructure firm McDermott in preferential shares by a judge in Amsterdam. The Reficar refinery is located in the Colombian city of Cartagena, and has been the subject of a prolonged international dispute dating back to the facility's...
UN adopts first global artificial intelligence resolution
UN adopts first global artificial intelligence resolution
Mar 21, 2024
(Reuters) -The United Nations General Assembly on Thursday unanimously adopted the first global resolution on artificial intelligence that encourages countries to safeguard human rights, protect personal data, and monitor AI for risks. The nonbinding resolution, proposed by the United States and co-sponsored by China and over 120 other nations, also advocates the strengthening of privacy policies. Today, all 193 members...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
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Crude Oil Q3 Fundamental Forecast – Supply Looks Solid, But What About Demand?
Crude Oil Q3 Fundamental Forecast – Supply Looks Solid, But What About Demand?
Jul 5, 2024
Crude Oil Q3 Fundamental Outlook Benchmark crude oil prices have been quite rangebound in the past quarter, as indeed they’ve arguably been since at least late 2022. Will the coming three months see any decisive change? Well, that’s likely to depend quite a lot on whether there’s any sign that demand can sustainably pick up to match what looks like...
Very Few Bitcoin Mining Machines Profitable Below $56,000: F2Pool Data
Very Few Bitcoin Mining Machines Profitable Below $56,000: F2Pool Data
Jul 5, 2024
On July 5th, Bitcoin fell below $54,000, experiencing a decline of over 6% in the past 24 hours due to increasing bearish pressure. The market downturn intensified after Mt. Gox, an early cryptocurrency exchange that went bankrupt over a decade ago, started to repay its customers following a lengthy bankruptcy process. The latest downturn has rendered several Bitcoin mining machines...
US Dollar Q3 Technical Outlook – Bearish Forces to Prevail in the End
US Dollar Q3 Technical Outlook – Bearish Forces to Prevail in the End
Jul 5, 2024
DXY Technical Outlook It’s extremely difficult to untangle the dollar from the euro in the third quarter as the single currency makes up 57.6% of the US Dollar index’s (DXY) composition. This means the dollar could consolidate or even exhibit weakness against other major currencies and still rise if the euro weakens substantially. Therefore, DXY remains vulnerable to a move...
Is Bitcoin Undervalued? Core Scientific Founder Shares Optimistic Thoughts
Is Bitcoin Undervalued? Core Scientific Founder Shares Optimistic Thoughts
Jul 5, 2024
Darin Feinstein, founder of Core Scientific, recently asserted that Bitcoin is still massively undervalued. In a July 4 post on X, Feinstein shared his insights and personal experiences within the world of Bitcoin. Bitcoin’s True Value In the post, he stressed that the true value of Bitcoin lies in its underlying technology: the immutable ledger on which it operates. “What...
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