Author: News Room

By Ambar Warrick Investing.com — Gold prices hovered just below recent highs on Tuesday, remaining relatively underpinned as markets awaited more cues on the U.S. economy from inflation data and the minutes of the Federal Reserve’s March meeting due later this week. The yellow metal was buoyed by safe haven demand as sentiment remained weak amid fears of slowing economic growth and uncertainty over monetary policy, although prices had retreated from an over one-month high after U.S. data showed continued resilience in the jobs market in March. Markets are now looking to inflation data, due on Wednesday, to gauge if…

© Reuters. FILE PHOTO: Johnson & Johnson company offices are shown in Irvine, California, U.S., October 14, 2020. REUTERS/Mike Blake/File Photo By Dietrich Knauth and Mike Spector (Reuters) -Johnson & Johnson’s second attempt to resolve talc lawsuits in bankruptcy should be dismissed as an unprecedented fraud designed to deny plaintiffs just compensation, lawyers representing cancer victims argued in a Monday court filing. The attorneys contend J&J defied a January appeals court rejection of its first attempt to settle the litigation, noting that a J&J subsidiary refiled for Chapter 11 about two hours after a court dismissed its first bankruptcy. The…

U.S. stock futures on Tuesday pointed to the market opening little changed and just shy of eight-week highs as traders eyed inflation data and the start of first-quarter earnings season in coming days.How are stock-index futures trading S&P 500 futures ES00, +0.22% rose 5 points, or 0.1%, to 4141 Dow Jones Industrial Average futures YM00, +0.15% added 17 points, or 0.1%, to 33768 Nasdaq 100 futures NQ00, +0.28% climbed 22 points, or 0.1%, to 13180 On Monday, the Dow Jones Industrial Average DJIA, +0.30% rose 101 points, or 0.3%, to 33587, the S&P 500 SPX, +0.10% increased 4 points, or…

Switching from the home-work-home commuting cycle to an environment where your home doubles as your office can be unsettling to many, and it comes with unique challenges as well as benefits. But remote work is here to stay for many employees. Experts predict that 36.2 million Americans — a 417% increase from pre-COVID pandemic levels — will be working remotely by 2025. In my almost-20-year-long career, I have not worked a day in what is considered to be a traditional office, so almost nothing changed for me in the pandemic. Here’s how you too can work remotely like a pro:…

Micron Technology Inc. shares rallied for their best day in more than a year Monday after a huge overhang on the memory-chip market eased when, as one analyst put it, the Easter Bunny left a big present for the Boise, Idaho-based chip maker. Micron MU, +8.04% shares rallied as much as 9% to close up 8% at $63.27, for their best one-day percentage gain since March 16, 2022, when shares finished up 9%. In comparison, the S&P 500 SPX, +0.10% rose 0.1% and the tech-heavy Nasdaq Composite COMP, -0.03% slipped less than 0.1%. On Monday, Citi Research’s Christopher Danely said…

Shares of Johnson & Johnson JNJ, -0.50% shed 0.50% to $164.32 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.10% rising 0.10% to 4,109.11 and the Dow Jones Industrial Average DJIA, +0.30% rising 0.30% to 33,586.52. This was the stock’s second consecutive day of losses. Johnson & Johnson closed $22.37 short of its 52-week high ($186.69), which the company reached on April 25th. Despite its losses, the stock outperformed some of its competitors Monday, as Procter & Gamble Co. PG, -0.83% fell 0.83% to $150.96. Trading volume…

When President Joe Biden was isolating with Covid in the White House last summer, atop the stack of books on his desk was a 320-page paperback: “JFK in Ireland.” The last Irish Catholic president visited his ancestral homeland in 1963, five months before his assassination. He told his aides afterwards it was the “best four days of my life.” Sixty years later, the current Irish Catholic president (Secret Service codename: Celtic) departs Tuesday for his own visit bound to make a similar impression – first to Northern Ireland, which is part of the United Kingdom, and then onto Ireland from…

CBI director-general Tony Danker has been sacked with immediate effect following an investigation into allegations of sexual harassment at the employers’ organisation. He will be replaced by Rain Newton-Smith, the UK lobby group’s former chief economist, who will return as director-general after a brief spell as a managing director for policy at Barclays.The dismissal of Danker on Tuesday followed an investigation by law firm Fox Williams, which has rocked the business organisation and spawned further allegations that do not relate to Danker.Three other CBI employees have now been suspended pending further investigation into a number of ongoing allegations, the CBI…

Like many online advertising companies, Pinterest (NYSE:PINS) has seen material impact to its fundamentals due to the tough macro backdrop. Whereas growth was expected to accelerate exiting 2022 due to lapping tough pandemic comps, growth has instead continued to decelerate as demand for advertising decreased. Yet unlike unprofitable rival Snapchat (SNAP), PINS entered this storm from a position of strength, with solid profit margins and a pristine balance sheet highlighted by $2.7 billion of net cash. The valuation is not as cheap as it has been over the past couple of quarters due to the involvement of activist investors, but…

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