Business News
COLOMBO (Reuters) – The International Monetary Fund (IMF) approved the third review of Sri Lanka’s $2.9 billion bailout on Saturday but warned that the economy remains vulnerable. In a statement, the global lender said it would release about $333 million, bringing total funding to around $1.3 billion, to the crisis-hit South Asian nation. It said … Read more
Donald Trump’s plan for an increase in tariffs across the board will give rise to corporate welfare that will damage America’s long-term economic growth, warned billionaire hedge fund manager Ken Griffin. Speaking on Thursday at the Economic Club of New York, the founder and CEO of Citadel said U.S. companies shielded from foreign competition will inevitably … Read more
Gautam Adani bribery charges: Adani CFO Jugeshinder Robbie Singh said that they were aware that something was afoot but came to know about the ‘specificity’ of this – the US bribery charges – only two days ago. He said that the Adani Group would make a ‘detailed comment’ once they receive the counsel’s approval. Singh … Read more
Wolfspeed (NYSE: WOLF) stock posted explosive gains in Friday’s trading. The company’s share price ended the day’s trading up 31% and had been up as much as 35.4% earlier in the daily session. Wolfspeed stock gained ground in conjunction with news about the compensation for executive chairman Thomas Werner and filings with the Securities and … Read more
Drew Angerer/Getty Images News Former President Donald Trump will nominate hedge fund manager Scott Bessent to head up the Treasury Department under his new administration. He is the founder of Key Square Group. The Wall Street Journal, which reported the development, noted that Bessent
New Yorkers are feeling the pinch in their pocketbooks after a listeria outbreak has affected seven million pounds of cold cuts. (Credit: WNYW) Wolverine Packing Co. on Wednesday recalled over 167,000 pounds of ground beef products due to the risk that the meat could have E. coli present in it. The recalled ground beef produced … Read more
By Valerie Volcovici BAKU, Azerbaijan (Reuters) – Russia has included the territories it occupies in Ukraine in its recent greenhouse gas inventory report to the United Nations, drawing protests from Ukrainian officials and activists at the COP29 climate summit this week. The move by Moscow comes as Russian President Vladimir Putin eyes potential peace deal … Read more
Investment firm Yieldstreet, which made its name offering alternative assets like art and fine wine, is raising another round of capital, according to four banking and private equity sources. Yieldstreet has hired advisors and is targeting $75 million to $100 million for the round, the people said. The fintech is also considering a sale or … Read more
Gold and oil – two of the most influential commodities on the planet – have a fascinating relationship that has evolved over decades, captured in the gold-to-oil ratio. The gold-to-oil ratio represents the number of barrels of crude oil equivalent in price to one troy ounce of gold. It is viewed as an indicator of … Read more
Nov. 22, 2024 7:38 PM ETS&P 500 Index (SP500), SPY, BTC-USD CryptoWMT, TGT, XLU, IVV, RSP, XLE, XLV, XLB, XLF, XLI, XLK, XLP, XLY, NVDA, SH, SSO, SDS, UPRO, TSLA, VOO, XLRE, SPXU, XLC, DJI, XAUUSD:CUR, US10Y, JPY:USDBy: Anuron Mitra, SA News Editor franckreporter/iStock via Getty Images The S&P 500 (SP500) on Friday advanced 1.68% … Read more