Author: News Room
What initially looked like an outright victory for anti-abortion activists Friday evening soon became more complicated. US District Judge Matthew Kacsmaryk of Texas, an appointee of former President Donald Trump, first ruled Friday that the Food and Drug Administration’s 2000 approval of mifepristone – one of the drugs used to terminate a pregnancy – needed to be halted. But less than an hour after Kacsmaryk’s ruling, US District Judge Thomas Owen Rice of the Eastern District of Washington, an appointee of former President Barack Obama, ordered the federal government to keep the drug available in 17 states plus the District…
Just 20 stocks account for almost 90 per cent of the US benchmark index’s $2.36tn gains so far this year, as instability in the banking sector has driven down interest rate expectations and boosted the attraction of Big Tech.Among the big gainers, shares in chipmaker Nvidia have climbed by 83 per cent so far this year, while Facebook owner Meta is up 76 per cent and Salesforce has climbed 42 per cent, underlining the heavy concentration in the world’s most influential stock market.The market value of those and the other 17 best performing stocks in the S&P 500 have surged by…
Cinema operator Cineworld (OTCPK:CNNWQ) has had a dramatic fall in the past few years but it is not over yet. While the business has the makings of a profit machine, its balance sheet is a disaster. I think there is a good chance that the shares will ultimately go to zero and rate them as a strong sell. I have been consistently bullish about Cineworld. My last piece on the name was in July (Cineworld: Revenues Are Recovering But The Debt Weighs A Tonne) when I rated it as a strong sell. The basic problem Cineworld has had two problems…
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Technology is growing at a blazing pace. In the last decade, we have experienced the rise of artificial intelligence, more conversations and initiatives toward a greener atmosphere, better electoral systems, and several others.However, the one that has seen the most impact has been blockchain technology. Unceremoniously introduced by the Bitcoin network, the decentralized ledger system has gone on to disrupt several key industries beginning with finance, real estate, medicine and healthcare, gaming, entertainment, and the internet.Blockchain technology is now changing the very face of how employers and employees will relate in the coming years. This change is coming into the freelance space…
Apple is finally getting ready to open its first physical store in the country as it bets on India as a market and manufacturing base. The company teased the opening of its retail outlet in a brief statement Wednesday, saying it was preparing to greet customers in the financial and commercial hub of Mumbai. Its previous plan to open a store in the country in 2021 was derailed by the coronavirus pandemic. The company released a photograph of its new boarded-up storefront, located at Jio World Drive Mall, a property owned by Reliance Industries, the conglomerate of Indian tycoon Mukesh…
This story is part of CNBC’s “Transmission Troubles” series, an inside look at why the aging electrical grid in the U.S. is struggling to keep up, how it’s being improved and why it’s so vital to fighting climate change.Wind and solar power generators wait in yearslong bureaucratic lines to connect to the power grid, only to be faced with fees they can’t afford, forcing them to scramble for more money or pull out of projects completely.This application process, called the interconnection queue, is delaying the distribution of clean power and hampering the U.S. in reaching its climate goals.The interconnection queue…
Many factors determine how much money you’ll earn after college. But where you go to school may also play an important role.If your goal after college is to earn the highest possible salary, California Institute of Technology may be the best choice, according to a new New York Times ranking tool. The tool allows you rank colleges based on your own priorities, whether that’s post-grad earnings, net price, campus safety or more. The Times used Department of Education data to inform the tool’s rankings, and specifically looked at median income in 2020 among those who attended the schools 10 years ago…
Sixty-one percent of U.S. companies said they plan to lay off employees in 2023 and are likely to pause hiring this year, according to a recent survey. Additionally, of the business leaders that said layoffs were imminent, 57% said they planned to layoff 30% or more of their workforce this year, according to a ResumeBuilder.com survey. A still-too-tight labor market has been cited as one of the Federal Reserve’s concerns over the effectiveness of its monetary policy in achieving its 2% inflation target. The economy added 517,000 jobs in January, a significant jump from the previous month, beating expectations, according to the latest employment…
