Tag: Business
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Scientists find new monkey species in Congo’s rainforest
July 16 : Scientists have identified a new species of monkey in Democratic Republic of Congo’s rainforest, distinguished by patches of light-colored skin around its mouth, Florida Atlantic University said in a statement.• The discovery marks only the fifth new monkey species identified in Africa in the last
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Here’s why the housing market is hurting so much this summer
Mortgage rates are high, home prices at record levels and consumers stressed. These are all contributing to a drop in existing home sales and builder sentiment.
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Chipmakers put pressure on equity indexes globally, oil edges down
NEW YORK/LONDON, July 16 : Tech-heavy equity indexes around the world fell on Thursday as investors offloaded chip stocks, while oil futures gave up earlier gains even as the U.S. and Iran stepped up attacks.Chip stocks fell from Asia to the U.S., as higher-than-expected 77 per cent earnings growth from Taiwa
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US wireless carrier Verizon to sell 274 stores, lay off another 500 corporate employees
July 16 : U.S. wireless carrier Verizon said on Thursday it will sell 274 company-owned retail locations and cut about 500 corporate jobs as part of its restructuring.The moves will affect about 3,000 retail and corporate employees. Verizon will own 1,000 stores after the sale, effective August 16. Verizon el
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Brookfield-backed Csquare valued at $3.24 billion as shares fall in NYSE debut
July 16 : Brookfield-backed data center provider Csquare was valued at $3.24 billion after its shares fell 0.5 per cent in their NYSE debut on Thursday.Shares opened at $20.9 after the Dallas-based company priced its IPO at $21 per share, below their marketed range of $23 to $27, raising $1.05 billion by sell
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Here’s what to expect when Netflix reports earnings after the bell
Investors will be looking for updates on Netflix’s ad-supported business, engagement metrics and how the streaming giant continues to consider potential M&A.
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Stocks making the biggest moves midday: Manpower, Abbott, UnitedHealth, TSMC & more
These are the stocks posting the largest moves in midday trading.
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No liability exemption for Google in Italian YouTube spat, EU court says
BRUSSELS, July 16 : Alphabet unit Google is not immune from liability for videos uploaded to YouTube by commercial partners, Europe’s top court said on Thursday, a ruling which could put social media networks on the hook for uploaded content not managed by them.The case before the Luxembourg-based Court of Ju
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Trump Media to license Truth Social data to financial services firms
July 16 : Trump Media & Technology Group on Thursday launched Truth API, a licensed data feed that will provide financial services companies with “the fastest” access to posts from the highest-ranking Truth Social accounts.The paid-for API (application programming interface) is aimed at giving “immediate, ver
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Short sellers notch $8.7 billion profit as SpaceX shares dip to IPO price
NEW YORK, July 16 : Short sellers targeting SpaceX shares are sitting on an estimated $8.7 billion in paper profit since the rockets-to-AI firm’s initial public offering last month, as its stock slipped below the IPO price, according to data and analytics firm Ortex Technologies.Short sellers, who borrow shar
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