Author: News Room

By Kosaku Narioka Shift Inc. shares rose sharply Tuesday morning after the Japanese software-testing company said its first-half operating profit climbed 33%, thanks partly to client gains. Shares were recently 19% higher at 26,650 yen after rising as much as 21% earlier. Shift said after Monday’s market close that operating profit increased to Y5.08 billion ($38.0 million) for the six months ended Feb. 28 from Y3.83 billion a year earlier. First-half revenue rose 35% to Y40.34 billion, as the number of clients increased in various industries and revenue per client improved. Net profit dropped 18% to Y2.185 billion due primarily…

Oil futures climbed on Tuesday, with U.S. prices settling at their highest since January and global benchmark Brent crude marking its highest finish in about five weeks. Gains in prices for both oil benchmarks follow Monday’s settlements at month-to-date lows, with prices pressured by worries over the outlook for energy demand, but also finding support from expectations for tighter global supplies. Price action West Texas Intermediate crude for May delivery CL.1, +2.16% CL00, +2.16% rose $1.79, or 2.2%, to settle at $81.53 a barrel on the New York Mercantile Exchange. Prices based on the front-month contract ended at the highest…

A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Gun violence has touched most American households, so it’s no surprise that a governor would know the victim of a mass shooting. But it’s not one governor, and it’s not one mass shooting. Kentucky Gov. Andy Beshear described “one of my closest friends,” Tommy Elliott, the senior vice president of Old National Bank who was among the five people struck down Monday during a shooting inside the Louisville bank. “Tommy Elliott helped me build my law career. Helped…

US President Joe Biden said he would use his trip to Northern Ireland to help “keep the peace” and leverage the benefits of a post-Brexit trade deal as the region marks the 25th anniversary of the agreement that ended three decades of conflict.Ahead of his departure to Belfast on Tuesday, the president talked about lasting stability in the region. He emphasised the importance of the 1998 Good Friday Agreement, which was brokered by the US, and the Windsor framework, the new UK-EU accord covering Northern Ireland’s post-Brexit trade rules.Air Force One landed at 9.20pm and a relaxed-looking Biden emerged, to…

New Mountain Finance (NASDAQ:NMFC) is currently trading at a 7% discount to net asset value, despite the fact that the business development company has consistently covered its quarterly dividend pay-out with net investment income in 2022. While New Mountain Finance’s credit quality isn’t the best, with a non-accrual ratio of 1.8%, it remained stable in the fourth quarter. New Mountain Finance currently has a dividend yield of 10.6% after increasing its payout to $0.32 per share, and the stock is a buy on the dip. Get A 10% Yield From A Well-Diversified Portfolio The portfolio of New Mountain Finance is…

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Tuesday April 11th 2023 – Ecoterra, a web3-based recycle-to-earn app, has made a significant splash in the crypto community as its presale fundraising amount doubled within just 24 hours.The presale is likely to have completed half of its targeted first-stage total of $400,000 within the next few hours. FOMO (fear of missing out) is definitely building up. The Ethereum upgrade and renewed focus on bitcoin mining’s electricity usage has served to draw more attention to sustainable crypto, but it is probably the news of top brands joining ecoterra’s database of scannable recyclables that has lit the fire.Barely a week since the presale…

The banking crisis could help the Federal Reserve’s fight to bring down inflation, but the central bank needs to be “cautious” in its actions moving forward, Chicago Fed President Austan Goolsbee said Tuesday. Goolsbee, the newest Fed appointee, spoke before the Economic Club of Chicago and addressed the “new, big, hairy elephant in the room” that was the recent failure of two regional banks, Silicon Valley Bank and Signature Bank, and subsequent market turmoil. “At moments of financial stress like this, the right monetary policy is really caution and watchfulness and prudence,” he said. “And I don’t say that because…

By Michael S. Derby NEW YORK (Reuters) – Americans said last month that access to credit was at its toughest level in nearly a decade, as they also braced for higher levels of inflation over the next few years, a report from the New York Fed said Monday. In the March Survey of Consumer Expectations, the bank found that the share of households who said credit is harder to get versus a year ago rose to the highest level in a survey that dates back to 2014. The bank’s report also said, “respondents were more pessimistic about future credit availability…

(Reuters) – U.S. power consumption is expected to slip about 1% in 2023 from the previous year as milder weather slows usage from the record high hit in 2022, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. EIA projected that electricity demand is on track to slide to 4,000 billion kilowatt-hours (kWh) in 2023 from a historic high of 4,048 billion kilowatt-hours (kWh) in 2022, before rising to 4,062 billion kWh in 2024 as economic growth ramps up. Less demand coupled with more electricity generation from cheap renewable power sources and lower prices…