Author: News Room

The US, Qatar and Egypt in a join statement Thursday called on Israel and Hamas to resume talks in Cairo in a week. “We have called on both sides to resume urgent discussion on Thursday, August 15 in Doha or Cairo to close all remaining gaps and commence implementation of the deal without further delay,” the statement said. A source familiar with its planning told CNN that a meeting is being planned for then and is expected to happen, but Israel and Hamas need to agree. It would be attended by the principal mediators. CIA Director Bill Burns has been…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A former finance minister of Mozambique has been found guilty of accepting $7mn in bribes as part of what became known as the “tuna bonds” scandal, and underwriting a series of bogus investments that ultimately imploded and wrecked the country’s economy.A Brooklyn jury on Thursday convicted Manuel Chang of conspiracies to commit wire fraud and money laundering over what US prosecutors called a “massive international fraud” carried out more than a decade ago, in which the 68-year-old backed projects that promised to…

I rate Forge Global Holdings, Inc. (NYSE:FRGE) stock as a Buy now. My rating for FRGE is revised from a Hold to a Buy, taking into account the company’s performance and prospects. Forge Global’s recent Q2 results were above expectations. Furthermore, FRGE’s financial outlook is positive, as the US IPO market has recovered and the company has cost optimization plans in place. Previously, I performed a preview of FRGE’s Q4 2023 financial results in my prior November 14, 2023 update. With this latest write-up, the spotlight is on Forge Global’s recently disclosed second quarter financial performance. Q2 2024 Results Beat…

The war of words over Delta’s massive service meltdown, set off by CrowdStrike’s disastrous software update, has grown ugly. In a letter sent Thursday to CrowdStrike’s attorneys written by Delta’s high-powered lawyer, David Boies, the airline lashed out at the cybersecurity company, which has apologized for introducing a bug that led to a global tech outage. Although CrowdStrike said it took responsibility for the initial outage, it has said Delta was responsible for thousands of cancellations that piled up over the course of a week – long after its competitors came back online. Boies, hired to lead Delta’s lawsuit against…

Wharton School Professor Jeremy Siegel no longer thinks it’s vital for the Federal Reserve to implement an emergency interest rate reduction, but still wants policymakers to cut quickly and aggressively.Siegel caused a stir Monday when he told CNBC that Fed Chair Jerome Powell and his colleagues should institute an emergency 0.75 percentage point decrease now and follow it up with another one in September.Those comments came with markets cratering amid fears over a recession and concern that the Fed is being too slow-footed in easing policy now that the inflation rate has decelerated. However, positive data since then and a…

Paramount Global is cutting 15% of its U.S. workforce, or about 2,000 jobs, part of a broader cost-cutting plan as it prepares for a merger with Skydance Media.Paramount has identified $500 million in cost savings, which include the head count reductions, as part of $2 billion in synergies related to its transaction with Skydance. The job cuts, which will begin in the coming weeks and largely conclude by year end, will target the company’s marketing and communications department and employees who work in finance, legal, technology and other support functions, the company said during its earnings conference call Thursday.Paramount agreed…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were lower for 3-year loans and higher for 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace to…

Americans still believe in homeownership, but high home prices, soaring borrowing rates and misconceptions about the homebuying process keep many from achieving their goal, a recent survey said. The majority of Americans (83%) consider homeownership an essential life milestone and 40% think about it at least once a week, according to the KB Home survey. Moreover, 58% are prepared to spend less on non-essentials to save for a downpayment and 45% would even consider a side hustle to earn extra income to achieve their goal. Nearly 50% of Americans want a home for privacy reasons, while 44% said they considered buying…

Are you a pre-retiree or retiree who’s nervous about the recent stock market volatility? Worried that it might be the start of a stock market crash, as predicted recently by a few pundits? Unfortunately, “worry” is not a strategy! Instead, you’ll want to plan ahead to survive stock market crashes without knowing when they’ll happen, since experts and personal investors alike generally have a poor track record for predicting when the market will crash. Keep in mind that during a long retirement, it’s inevitable that you’ll experience a few stock market crashes. Let’s look at four strategies that can give…

Hezbollah looks increasingly like it may strike Israel independent of whatever Iran may intend to do, two sources familiar with the intelligence told CNN. The Lebanon-based militant group is moving faster than Iran in its planning and is looking to strike Israel in the coming days, one of the sources said. Iran, meanwhile, appears to still be working out how it plans to respond, multiple officials have told CNN. One US military official told CNN that Iran had made some, but not all, of the preparations that the US would expect to see in advance of a major attack on Israel. But given Lebanon’s…