Author: News Room

Republican Senator Tim Scott of South Carolina has taken a major step towards running for US president and challenging Donald Trump for the party’s nomination in 2024.Scott, 57, the only black Republican member of the US Senate on Wednesday launched a presidential exploratory committee, a fundraising vehicle that allows him to raise and spend money on a potential run.He is favoured by many deep-pocketed GOP donors looking for an alternative to the former president, who currently has a commanding lead in public opinion polls of the Republican grassroots. Scott had nearly $22mn on hand in his Senate campaign coffers at…

This article was written byWe publish unbiased long/short trade ideas. We focus on small and mid-cap healthcare and technology companies. If you have exciting investment ideas, please message us.Disclaimer: Biotechvalley Insights (BTVI) is not a FINRA-licensed investment advisor, and articles are not targeted toward retail investors. BTVI explicitly denies that his opinions are expert in any way. The reader is encouraged to review publicly available information and perform other research before determining whether they agree with the opinions of the author. The content is for informational purposes only; you should not construe any such information or other material as legal,…

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Tuesday April 11th 2023 –  DeeLance, a Metaverse-based commercial interface platform that facilitates various functions such as human resource and supply chain management, has raised $100,000 from investors in just one week.Token buyers today, at a price of $0.025, will see a paper gain of 112% when the $DLANCE token lists on exchanges at a price point of $0.053.On April 10th, the DeeLance team took part in a Binance Live AMA with Crypto Jamie, which you can catch up with for the latest project developments.DeeLance brings economic actors together in a marketplace where business gets done in revolutionary new and…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Forget the banking crisis — Main Street’s retail investors have barreled into embattled bank stocks. It looks like nothing tempts people to bet on an industry more than bargain prices, even if they’re caused by the fear of imminent collapse. In January and February, trading in First Republic Bank (FRC) stock was outright sleepy. Retail investors averaged just about $20,000 in daily net…

Investing legend Warren Buffett believes there could be more bank failures down the road, but depositors should not ever be worried.”We’re not over bank failures, but depositors haven’t had a crisis,” the Berkshire Hathaway chairman and CEO told CNBC’s Becky Quick on “Squawk Box” Wednesday from Tokyo. “Banks go bust. But depositors aren’t going to be hurt.”related investing newsThe collapse of Silicon Valley Bank and Signature Bank last month — the second- and third-largest bank failures in U.S. history — prompted extraordinary rescue action from regulators, who backstopped all deposits in the failed lenders and provided an additional funding facility for troubled banks.The “Oracle…

Check out the companies making headlines before the bell Wednesday.Shopify — Shares of the e-commerce company gained 2.4% after JMP upgraded Shopify to market outperform from market perform. The firm assigned the company a price target of $65 per share, implying a 45.1% upside from Tuesday’s close. Triton International, Brookfield Infrastructure — Triton’s shares soared by more than 28% in early morning trading on news the company will be acquired by Brookfield Infrastructure. Triton shareholders will receive consideration valued at $85 per share in cash and stock. Brookfield’s stock price gained 2.15% on the announcement. MongoDB — The software company’s stock price…

A high-stakes inflation report due Wednesday is expected to show that price pressures within the economy remained strong last month despite an aggressive interest rate hike campaign by the Federal Reserve. Economists expect the consumer price index, which measures a basket of goods, including gasoline, health care, groceries and rent, to show that monthly prices rose 0.2% in March, down slightly from an increase of 0.4% February. On an annual basis, inflation is projected to have climbed 5.1% at an annual rate, a decline from 6% the previous month and a peak of 9.1% in June. While that would mark the…

The resurgence of a once banned liquor in Ghana, Akpeteshie, is shaking up the global distillery market. Brothers Kofi and Raja Owusu-Ansah, owners of Republic Distilleries in Accra, are bringing Akpeteshie, Ghana’s indigenous alcoholic spirit distilled from sugar cane juice, to the rest of world. They are poised to disrupt the international liquor market valued at $1.4 trillion in 2021, a figure that’s expected to grow 10.3% until 2028, one “Kokroko” drink at a time. The Breakdown You Need To Know: The African distillery market has been growing steadily in recent years, with increasing demand for traditional alcoholic beverages in…

Goldman Sachs (NYSE: GS) is scheduled to report its fiscal Q1 2023 results on Tuesday, April 18, 2023. We expect Goldman Sachs to edge past the consensus estimates of revenues and earnings. The investment bank underperformed expectations in the last quarter, with revenues decreasing by 16% y-o-y to $10.59 billion. The top line mainly suffered due to a 48% decline in investment banking and a 27% drop in the asset & wealth management units. That said, the impact was partially offset by growth in platform solutions and FICC (fixed income, currency, & commodity) trading segments. We expect the asset &…