financetom
News
World
Environment
Technology
Politics
Retail
Business
Economy
Market summary >
Editors' picks >
News >
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...
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...
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.
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
Nov 29, 2023
The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after a Reserve Bank of India (RBI) order.
World >
Market >
US STOCKS SNAPSHOT-Wall Street opens lower after mixed tech earnings, Fed comments
US STOCKS SNAPSHOT-Wall Street opens lower after mixed tech earnings, Fed comments
Oct 30, 2025
Oct 30 (Reuters) - Wall Street's main stock indexes opened lower on Thursday after mixed earnings reports from large technology firms and comments from Federal Reserve Chair Jerome Powell sowed doubts about further rate cuts this year. At 09:30 a.m., the Dow Jones Industrial Average fell 196.40 points, or 0.41%, to 47,435.60, the S&P 500 lost 35.33 points, or 0.51%,...
EMERGING MARKETS-S.Korea, Taiwan stocks notch record highs as US-China trade talks eyed
EMERGING MARKETS-S.Korea, Taiwan stocks notch record highs as US-China trade talks eyed
Oct 29, 2025
* U.S. Fed cuts rates * South Korean & Taiwan stocks hit fresh record highs * GoTo gains 7% on upbeat full-year outlook By Rajasik Mukherjee Oct 30 (Reuters) - South Korean and Taiwanese stocks surged to record highs on Thursday, buoyed by renewed investor enthusiasm for artificial intelligence and a fresh trade pact between Washington and Seoul, while markets...
Sector Update: Energy Stocks Lean Lower Premarket Thursday
Sector Update: Energy Stocks Lean Lower Premarket Thursday
Oct 30, 2025
09:26 AM EDT, 10/30/2025 (MT Newswires) -- Energy stocks were leaning lower premarket Thursday, with the Energy Select Sector SPDR Fund ( XLE ) declining by 0.2%. The United States Oil Fund ( USO ) was down 0.8% and the United States Natural Gas Fund ( UNG ) was 2.6% higher. Front-month US West Texas Intermediate crude oil was down...
ROI-US job market is now 'no hire, more fire': McGeever
ROI-US job market is now 'no hire, more fire': McGeever
Oct 29, 2025
ORLANDO, Florida, Oct 29 (Reuters) - The U.S. labor market has been characterized as a 'no hire, no fire' landscape for much of the past year. But 'no hire, more fire' increasingly looks more accurate, providing further ammunition for the Federal Reserve to cut interest rates. Retail giant Amazon on Tuesday announced 14,000 layoffs, with more to come next year,...
Environment >
Technology >
Where IonQ Stands With Analysts
Where IonQ Stands With Analysts
Mar 31, 2025
Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on IonQ ( IONQ ) in the last three months. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish...
Demystifying Microsoft: Insights From 16 Analyst Reviews
Demystifying Microsoft: Insights From 16 Analyst Reviews
Mar 31, 2025
Ratings for Microsoft ( MSFT ) were provided by 16 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total...
Factbox-Trump's tariffs and threatened trade actions
Factbox-Trump's tariffs and threatened trade actions
Mar 31, 2025
(Reuters) -U.S. President Donald Trump has made numerous tariff threats since returning to office on January 20, ranging from a universal duty on imports to targeted tariffs on specific sectors or countries, in a bid to get others to meet his policy demands. Trump's threats have changed over time, leaving other nations and businesses unclear about what is to come...
Virax Biolabs' Investigational Diagnostic Tests Has An Attractive Market Opportunity', Analyst Initiates With Buy Rating
Virax Biolabs' Investigational Diagnostic Tests Has An Attractive Market Opportunity', Analyst Initiates With Buy Rating
Mar 31, 2025
H.C. Wainwright initiated coverage on Virax Biolabs Group Limited ( VRAX ) , a U.K.-based company focused on detecting immune responses and diagnosing viral diseases. Virax Biolabs ( VRAX ) is developing T cell-based test technologies to provide an immunology profiling platform. T-cell testing can be particularly effective in diagnosing and therapeutics for post-viral syndromes (such as Long COVID and...
Personal Finance >
Politics >
Retail >
Business >
Skechers USA On Track to Achieve $10 Billion in Revenue by 2026, UBS Says
Skechers USA On Track to Achieve $10 Billion in Revenue by 2026, UBS Says
Jan 3, 2025
11:34 AM EST, 01/03/2025 (MT Newswires) -- Skechers USA ( SKX ) is on track to reach $10 billion in revenue by 2026, allowing it to secure its position among the world's biggest footwear companies, UBS Securities said in a note Friday. The brokerage forecasts a 16% earnings per share compound annual growth rate over the next five years for...
HWH International Shares Slump After Pricing of $1.8 Million Offering
HWH International Shares Slump After Pricing of $1.8 Million Offering
Jan 3, 2025
11:34 AM EST, 01/03/2025 (MT Newswires) -- HWH International ( HWH ) shares slumped more than 35% in recent Friday trading after it priced its public offering of about 3.2 million common shares at $0.40 per share and about 1.3 million pre-funded warrants to purchase common shares at $0.3999 per warrant. The company expects to raise gross proceeds of about...
US regulator was cautious on crypto but did not tell banks to choke off sector, documents show
US regulator was cautious on crypto but did not tell banks to choke off sector, documents show
Jan 3, 2025
WASHINGTON (Reuters) - A top U.S. bank regulator told multiple lenders to pause dabbling directly in crypto in 2022 and 2023, but did not direct them to stop providing banking services to crypto companies, according to documents released on Friday. A judge ordered the Federal Deposit Insurance Corporation to provide versions of 25 supervisory pause letters it sent to unidentified...
Moscow-backed enclave in Moldova feels pain from lack of Russian gas
Moscow-backed enclave in Moldova feels pain from lack of Russian gas
Jan 3, 2025
* Transdniestria hit hard by severing of gas route * Industry shut down, people left without heat and hot water * Residents queue to buy electric stoves and heaters * Moldova says Russia is creating security crisis By Mark Trevelyan, Lucy Papachristou and Filipp Lebedev Jan 3 (Reuters) - The severing of one of Russia's last gas export routes to...
Economy >
Cryptocurrency >
US Fed Cuts Rates – Here’s How Bitcoin and Altcoins Reacted
US Fed Cuts Rates – Here’s How Bitcoin and Altcoins Reacted
Sep 21, 2025
Contrary to broader expectations that cryptocurrencies would rally in the event of a rate cut by the Federal Reserve, the market has witnessed almost no reaction since the Federal Open Market Committee (FOMC) meeting ended. Analysts at the market research firm Santiment already predicted that a rate cut larger than 25 basis points (bps) could trigger a big breakout. On...
Is Bitcoin Ready for Its Next Big Rally? BTC Price Analysis
Is Bitcoin Ready for Its Next Big Rally? BTC Price Analysis
Sep 21, 2025
Bitcoin is at a pivotal moment as it trades below the $120K zone, with price action tightening and bulls struggling to push through key levels. While the broader trend remains bullish, the short-term cooldown can continue before another leg higher. By Shayan The Daily Chart On the daily chart, Bitcoin is still holding within a broad ascending channel that has...
Why Solana May Offer the Greatest Upside in Crypto – Pantera Capital Explains
Why Solana May Offer the Greatest Upside in Crypto – Pantera Capital Explains
Sep 21, 2025
Prominent investment firm, Pantera Capital, said that Solana is approaching a major inflection point in its adoption across consumers, fintechs, and institutions. Pantera Capital highlighted SOLs under-allocation by institutions and predicted that ETF approval would ignite a significant wave of demand. Pantera Bets on Solana In a series of tweets on X, Pantera Capital explained that, unlike Bitcoin and Ethereum,...
FTX Recovery Trust Announces Third $1.6B Creditor Distribution
FTX Recovery Trust Announces Third $1.6B Creditor Distribution
Sep 21, 2025
The FTX Recovery Trust, the organization tasked with repaying former customers and creditors of the defunct exchange, has announced a third distribution of nearly $1.6 billion. According to a press release on Friday, the distribution will begin on September 30. Funds will be transferred to creditors accounts via BitGo, Kraken, or Payoneer within three business days. Retail Customers First The...
Forex >
Copyright 2023-2026 - www.financetom.com All Rights Reserved