Business
- BusinessReuters
Norway wealth fund backs shareholder proposal to split Goldman CEO, chair roles
Proxy advisors Institutional Shareholder Services (ISS) and Glass Lewis have recommended that investors back a shareholder resolution urging the bank to split the two roles currently held by David Solomon, at Goldman's annual meeting on April 24. Norges Bank Investment Management (NBIM), which operates the Norwegian fund, is the 12th biggest investor in Goldman Sachs according to LSEG data, with a 0.84% stake in the Wall Street bank at the end of 2023, valued at the time at $1.09 billion.
1 min read - BusinessReuters
Crypto fans count down to bitcoin's 'halving'
Bitcoin enthusiasts were eagerly waiting for bitcoin's 'halving' on Friday - a change to the cryptocurrency's underlying technology designed to cut the rate at which new bitcoins are created. The halving, which happens roughly every four years, was written into Bitcoin's code at its inception by pseudonymous creator Satoshi Nakamoto as a way to reduce the rate at which bitcoins are created. Chris Gannatti, Global Head of Research at asset manager WisdomTree, which markets bitcoin exchange-trad
2 min read - BusinessForkast News
Bitcoin halving event looms, market volatility spikes
Upcoming Bitcoin halving triggers market uncertainty.
1 min read - WorldBBC
Oil price rises as US says Israel has struck Iran
Reports of a retaliatory strike by Israel raise commodity prices and fears over inflation.
3 min read - WorldAFP
Indonesia on alert for more eruptions at remote volcano
Indonesian authorities were on alert Friday for more eruptions from a remote island volcano that forced thousands to evacuate this week, as nearby residents began clearing debris after molten rocks rained down on their villages. And then it rained and rocks fell.
3 min read - BusinessBloomberg
Japan’s Nikkei Falls More Than 3% on Chips, Middle East Concerns
(Bloomberg) -- Japan’s Nikkei 225 Stock Average had its biggest weekly drop since June 2022 amid a global selloff in stocks as the outlook for US interest rates and tensions in the Middle East spooked investors.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Launches Retaliatory Strike on Iran, US Officials SayRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThese Are the World’s Best Airports in 2024The gauge declined 2.7%,
2 min read - WorldReuters
Emirates suspends check-in for transit through Dubai after storm
DUBAI (Reuters) -Dubai's flagship airline Emirates is suspending check-in for all customers with onward connections through the city until 2359 GMT on Friday, three days after a record storm swept the United Arab Emirates. Emirates, one of the world's biggest international airlines, said customers travelling to Dubai as their final destination may check-in and travel as usual. The suspension shows the airline and its hub, Dubai International Airport, are still struggling to clear a backlog of
2 min read - BusinessAFP
Taiwan's TSMC founder Morris Chang receives medal of honour
Taiwanese tycoon Morris Chang received one of the island's highest medals of honour on Friday, in recognition of his achievements as the founder of semiconductor giant TSMC. Known as the "godfather" of the island's chip industry, Chang founded Taiwan Semiconductor Manufacturing Company three decades ago, building it into a multi-billion-dollar company that today is a leader in making the microchips that power everything from smartphones to AI technology."Because of (TSMC) founder Chang, Taiwan's
2 min read - BusinessBloomberg
Stocks Fall on Mideast Tensions, Treasuries Rise: Markets Wrap
(Bloomberg) -- Markets remained on edge on Friday after an escalation of the tensions in the Middle East sent stocks tumbling around the world and stoked demand for haven assets including bonds and the dollar.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Launches Retaliatory Strike on Iran, US Officials SayRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThese Are the World’s Best Airports in 2024Gains for Treasuries drove
4 min read - BusinessAFP
Apple drops WhatsApp, Threads from China app store on official order: report
Apple has removed the Meta-owned WhatsApp and Threads from its App Store in China following an order from the country's top internet regulator, Bloomberg reported Friday citing the tech giant."The Cyberspace Administration of China (CAC) ordered the removal of these apps from the China storefront based on their national security concerns," said Apple, referring to China's internet regulator.
2 min read - BusinessBloomberg
‘Super Peso’ Smacked in Flash Crash by Rising Middle East Risk
(Bloomberg) -- The Mexican peso slumped the most in four years as increasing conflict in the Middle East sapped demand for the currency that has been one of the favorite targets for carry trades.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Launches Retaliatory Strike on Iran, US Officials SayRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThese Are the World’s Best Airports in 2024The peso tumbled more than 6% against th
2 min read - BusinessBloomberg
Bidding War Spurs Taiyo to Consider Higher Bid for Roland DG
(Bloomberg) -- Taiyo Pacific Partners LP is considering raising its ¥61.9 billion ($400 million) tender offer for Japanese printer maker Roland DG Corp. to fight off an unsolicited bid from Brother Industries Ltd. Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Launches Retaliatory Strike on Iran, US Officials SayRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThese Are the World’s Best Airports in 2024Taiyo Pacific, Roland
2 min read - BusinessReuters
Vietnam continues support for bank engulfed in massive fraud, central bank says
Vietnam's central bank said on Friday it had continued providing support to Saigon Joint Stock Commercial Bank (SCB), which it put under special supervision in October 2022 after a run on its deposits. Reuters reported on Wednesday the central bank had pumped nearly $24 billion in SCB to prevent its collapse, and that special loans to the bank had continued at least until early April. The central bank placed SCB under its supervision to stem a run on the bank sparked by the October 2022 arrest
1 min read - BusinessBloomberg
Bitcoin Retraces Most of Losses Sparked by Geopolitical Tension
(Bloomberg) -- Bitcoin pared losses as a bout of acute geopolitical tension began to ease after earlier sparking steep drops in cryptocurrencies.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Launches Retaliatory Strike on Iran, US Officials SayRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThese Are the World’s Best Airports in 2024The digital asset at one point on Friday sank more than 6% to $59,643 but later steadied,
1 min read - BusinessGuruFocus.com
Decoding Snap-on Inc (SNA): A Strategic SWOT Insight
Unveiling the Strengths and Challenges: A Deep Dive into Snap-on Inc (SNA) SWOT Analysis
5 min read - USAssociated Press Finance
BNSF Railway says it didn't know about asbestos that's killed hundreds in Montana town
BNSF Railway attorneys are expected to argue before jurors Friday that the railroad should not be held liable for the lung cancer deaths of two former residents of an asbestos-contaminated Montana town, one of the deadliest sites in the federal Superfund pollution program. Attorneys for the Warren Buffett-owned company say the railroad's corporate predecessors didn't know the vermiculite it hauled over decades from a nearby mine was filled with hazardous microscopic asbestos fibers. The case i
4 min read - BusinessGuruFocus.com
Decoding Genuine Parts Co (GPC): A Strategic SWOT Insight
Uncovering the Financial Dynamics and Strategic Directions
4 min read - BusinessGuruFocus.com
Decoding CSX Corp (CSX): A Strategic SWOT Insight
Unveiling the Strengths and Challenges: A Deep Dive into CSX Corp's SWOT Analysis
4 min read - BusinessGuruFocus.com
Decoding Marsh & McLennan Companies Inc (MMC): A Strategic SWOT Insight
Unveiling the Strengths and Challenges: A Deep Dive into Marsh & McLennan Companies Inc (MMC) SWOT Analysis
4 min read - BusinessGuruFocus.com
Decoding Elevance Health Inc (ELV): A Strategic SWOT Insight
Uncovering the Financial Dynamics and Strategic Directions
4 min read - BusinessBloomberg
Japan’s Retail Investors Care About Governance Too, Poll Shows
(Bloomberg) -- Japan’s retail investors are paying closer attention to corporate governance, citing it as a key consideration when investing in stocks, a survey by US ranking and research firm J.D. Power showed. Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Launches Retaliatory Strike on Iran, US Officials SayRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThese Are the World’s Best Airports in 2024Shareholder rights, tim
2 min read - BusinessBloomberg
Malaysia’s Growth Accelerates, Signaling Recovery in 2024
(Bloomberg) -- Malaysia’s economy quickened by the most in a year, signaling that firmer recovery is underway in the Southeast Asian nation.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Launches Retaliatory Strike on Iran, US Officials SayRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThese Are the World’s Best Airports in 2024Gross domestic product rose 3.9% in the January-March period from a year ago, according to adva
2 min read - BusinessCoinMarketCap
Mango Markets Exploiter Convicted of Fraud and Manipulation Over $110M Heist
Avraham Eisenberg, a 27-year-old crypto trader, has been found guilty on all counts of commodities fraud, commodities manipulation, and wire fraud in a federal court in Manhattan.
2 min read - WorldAssociated Press Finance
A trial is underway for the Panama Papers, a case that changed the country's financial rules
Eight years after 11 million leaked secret financial documents revealed how some of the world’s richest people hide their wealth, more than two dozen defendants are on trial in Panama for their alleged roles. The repercussions of the leaks were far-ranging, prompting the resignation of the prime minister of Iceland and bringing scrutiny to the then-leaders of Argentina and Ukraine, Chinese politicians and Russian President Vladimir Putin, among others. The leaders of that firm, Jürgen Mossack
4 min read - WorldBloomberg
Dry, Hot Summer Threatens Grain Crop in Top Australian State
(Bloomberg) -- A lingering dry, hot summer is increasing concerns for grain farmers in Australia’s top producing state as they begin planting the next crop, according to the Grain Industry Association of Western Australia. Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Launches Retaliatory Strike on Iran, US Officials SayRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThese Are the World’s Best Airports in 2024Growers are
1 min read - USWNCN
Sheetz convenience store chain with 113 NC locations hit with discrimination lawsuit
The Sheetz convenience store chain has been hit with a lawsuit by federal officials who allege the company discriminated against minority job applicants.
3 min read - BusinessiProfesional
Best Bitcoin Casino UK in 2024 Angliabet - Full Rankings of the UK Crypto Casinos
Best Bitcoin Casino UK in 2024 Angliabet - Full Rankings of the UK Crypto Casinos
26 min read - BusinessCoinDesk
Bitcoin Back Above $62K as Crypto Market Calms After Reports of Limited Damage From Israeli Attack
Iran's first strike on Israel pushed down crypto and risk assets, while leading to a spike in gold.
2 min read - BusinessBloomberg
Geely to Sell $1.32 Billion of Volvo Truck Shares
(Bloomberg) -- China’s Zhejiang Geely Holding Group is selling the entirety of its Class B shares in truckmaker Volvo AB that were worth about 14.46 billion Swedish krona ($1.3 billion).Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Launches Retaliatory Strike on Iran, US Officials SayRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThese Are the World’s Best Airports in 2024In a statement Thursday, Geely said the divestmen
2 min read - BusinessReuters
Instant view: Oil, Japan's yen up on reports Israeli missiles hit Iran
Israel has struck Iran, three people familiar with the matter said, as Iranian state media reported early on Friday that its forces had destroyed Israeli drones, days after Iran launched a retaliatory drone strike on Israel. Israel had said it was going to retaliate against Iran after the latter's April 13 missile and drone attack.
5 min read - TechnologyAssociated Press Finance
Google is combining its Android software and Pixel hardware divisions to more broadly integrate AI
Google will combine the software division responsible for Android mobile software and the Chrome browser with the hardware division known for Pixel smartphones and Fitbit wearables, the company said Thursday. In a letter to employees, Google CEO Sundar Pichai said the changes will “turbocharge the Android and Chrome ecosystems” while helping to spur innovation.
2 min read - BusinessBloomberg
AIA’s $100 Billion Stock Selloff Defies Bulls, Trading History
(Bloomberg) -- The prolonged slide in shares of AIA Group Ltd. stands at odds with the street’s unanimous bullish recommendation and has now diverted the stock from its usual course of tracking the Chinese equity market.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Launches Retaliatory Strike on Iran, US Officials SayRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThese Are the World’s Best Airports in 2024Concerns over s
3 min read - BusinessArgus Leader
Pipe maker sues Summit Carbon Solutions for $15M after alleged breach in purchase deal
A subsidiary of a major pipe manufacturer is suing Summit Carbon Solutions for canceling a purchase of millions of feet of steel pipe in February.
4 min read - BusinessKTLA articles
Gas prices on the rise in Southern California
As the weather heats up and Southern California drivers head to the pump this month, they may notice a bit of sticker shock. On Thursday, the average price of a gallon of unleaded gas was $5.45 in California compared to a month ago when the statewide average was around $4.90, according to AAA. California’s prices […]
3 min read - BusinessWJW
Panera to host hiring event ahead of new Northeast Ohio location opening
Looking to make some dough? Panera Bread is hosting a hiring event ahead of opening its new location in Middleburg Heights.
1 min read - BusinessReuters
TSMC's shares slide nearly 7% in Taipei on global chip outlook concerns
TAIPEI (Reuters) -TSMC's Taipei-listed shares tumbled 6.7% on Friday following the company's first-quarter earnings report in which it dialled back its expectations for chip sector growth and did not revise up its capital spending plans, contrary to expectations. Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, forecast second-quarter sales may rise as much as 30% as it rides a wave of demand chips used in artificial intelligence (AI) applications. But it
2 min read - WorldReuters
Oil surges as reports of Israeli strike on Iran roil markets
The most active U.S. West Texas Intermediate contract climbed $1.38, or 1.68%, to $83.48 per barrel. Israel launched an attack on Iranian soil on Friday, sources told Reuters, the latest tit-for-tat exchange between the two countries that threatens to drag the region deeper into conflict. Iranian media reported explosions, but an Iranian official told Reuters those were caused by air defence systems.
2 min read - BusinessDigital Trends
Apple’s Vision Pro headset can now be used to shop at Best Buy
A new app from Best Buy lets folks with an Apple Vision Pro shop at its online store. AR features allow customers to see how products would look in the home.
1 min read - BusinessInsider Monkey
30 Countries with the Highest Vulnerable Employment in the World
In this article, we take a look at 30 countries with the highest vulnerable employment in the world. If you would like to skip our detailed analysis of vulnerable employment, you can directly go to 5 Countries with the Highest Vulnerable Employment in the World. Defining Vulnerable Employment The UN and ILO define vulnerable employment […]
12 min read - BusinessIdaho Statesman
Schumer says Boise’s Micron will get billions in U.S. subsidies. Here’s the latest
We wanted to know: How much of that will come to Boise? So we asked.
2 min read - BusinessBusiness Insider
Cocoa prices are the highest on record as Nigerian flooding further depletes supply
Cocoa futures reached above $10,770 a ton, as the chocolate ingredient looks set for more inventory stress from Nigerian flooding.
2 min read - LifestyleNY Post
I’m a Gen Zer who makes $96K a year from freelance gigs — I’ll never work 9 to 5 again
"I find it much more fun being able to work from wherever I want," said Grace Ryu, 23. "But don’t get me wrong, it’s definitely a hustle."
3 min read - BusinessSacramento Bee
$80 million verdict for three workers fired for taking ‘off the record’ time off in California
The fired workers’ lawyer offered to settle the case for $150,000 for each of the three plaintiffs, but was rebuffed.
3 min read - USWBTW Myrtle Beach
More than a dozen lawsuits filed against Myrtle Beach pool company
MYRTLE BEACH, S.C. (WBTW)— More than a dozen civil lawsuits have been filed against a Myrtle Beach pool company and its owner at the center of a News13 investigation. There are civil suits against Cascade Custom Pools and its owner Chris Harrington in Horry County, Georgetown County and one federal lawsuit filed in the U.S. […]
2 min read - BusinessBloomberg
Codelco Copper Output Affected by Fatal Accident, Chile Minister Says
(Bloomberg) -- Codelco, the Chilean state company battling to retain the title of world’s largest copper supplier, is set to suffer a dip in output amid a slow resumption of operations after a fatal accident at one of its mines. Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Launches Retaliatory Strike on Iran, US Officials SayRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThese Are the World’s Best Airports in 2024“April
2 min read - BusinessGuruFocus.com
Director Daniel Johnson Acquires 3,350 Shares of Fastenal Co (FAST)
On April 17, 2024, Daniel Johnson, a Director at Fastenal Co (NASDAQ:FAST), purchased 3,350 shares of the company, as reported in a recent SEC Filing.
2 min read - BusinessBloomberg
Hedge Funds Cry Foul Over Chinese Education Firm’s Default
(Bloomberg) -- Hedge funds and other international investors are sounding alarms after a profitable education company from China defaulted on its convertible bonds in March. Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Launches Retaliatory Strike on Iran, US Officials SayRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThese Are the World’s Best Airports in 2024A group of bondholders, which includes some of Asia’s most pr
5 min read - BusinessFox Business
Mercedes-Benz workers at Alabama plant slated for union vote in May
Workers at the Mercedes-Benz factory in Vance, Alabama, are scheduled to vote next month on whether to the join the United Auto Workers amid the union's organization push.
2 min read - USThe Bergen Record
A casino in the Meadowlands? The idea, once rejected by voters, is floated again
Jeff Gural, owner of the Meadowlands Racetrack in East Rutherford, wants to revisit the idea for a casino there, with a price tag of $2 billion.
3 min read - USWETM Elmira
“Try Trades” expo for students seeking high-demand trade jobs
BIG FLATS, N.Y. (WETM) – The second annual ‘Try Trades” expo was held at the Big Flats Municipal Campus on Thursday. The event offers high-school student hands-on experience in skilled trade jobs that are in high demand, like carpentry, welding, electrical and heavy machinery. “I got to drive a loader, operate the loader, it was […]
3 min read
