19 August

Sticky

Biden Calls to Let Extra Jobless Benefits Expire, Despite Delta Surge By Bloomberg

Posted by admin

in News

(Bloomberg) -- The Biden administration said in a letter to lawmakers Thursday that it’s “appropriate” for expanded unemployment benefits to expire as scheduled in a little more than two weeks, but that states and local governments can use pandemic-relief funds for added help beyond the deadline amid the surge of the delta variant. “There are some states where it may make sense for unemployed workers to continue receiving additional assistance for a longer period of time, allowing residents of those states more time to find a job in areas where unemployment remains high,” Treasury Secretary Janet...

19 August

0 Comments

Sticky

Intel details mixed-source chip strategy and TSMC partnerships By Reuters

Posted by admin

in News

By Stephen Nellis (Reuters) - Intel Corp (NASDAQ:INTC) on Thursday gave new details of its turnaround strategy to source subcomponents of its chips from external factories, including new specifics of partnerships with rival Taiwan Semiconductor Manufacturing Co (TSMC). Intel is one of the few remaining semiconductor firms that still designs and manufactures its own chips. But it lost its lead in making the fastest chips to TSMC, which focuses on manufacturing designs from outside firms, after missteps in its manufacturing operations. Intel Chief Executive Pat Gelsinger earlier this year outlined the company's strategy https://www.reuters.com/technology/intel-build-qualcomm-chips-aims-catch-foundry-rivals-by-2025-2021-07-26...

19 August

0 Comments

Sticky

Biden says he and his wife will get COVID booster vaccine – interview By Reuters

Posted by admin

in News

WASHINGTON (Reuters) - U.S. President Joe Biden said he and first lady Jill Biden would receive a third dose of the COVID-19 vaccine to boost their immunity, as his administration announced booster shots would be offered to Americans in September. "We will get the booster shots," Biden told ABC News in an television interview that aired on Thursday. His comments were taped on Wednesday as health officials unveiled their plan to make third doses of the approved two-dose COVID-19 vaccines available for U.S. adults starting Sept. 20. The booster program is being launched even...

19 August

0 Comments

Sticky

Macy’s Wows With Higher Guidance, Restored Dividend, Buyback By Investing.com

Posted by admin

in News

By Dhirendra Tripathi Investing.com – Macy’s stock (NYSE:M) climbed nearly 8% in Thursday’s premarket trading as the department store operator raised its outlook. The stock also got a boost from the reinstatement of its quarterly dividend of 15 cents a share and a $500 million share buyback program. Macy’s sees 2021 net sales between $23.55 billion and $23.95 billion, up from the previous guidance of $21.73 billion to $22.23 billion. Adjusted earnings as a percent of sales is seen in the range of 11% to 11.5%, which is 200 basis points above the previous estimate. One...

19 August

0 Comments

Sticky

Fifty shades of green: EU sustainable fund rules muddy the waters By Reuters

Posted by admin

in News

By Tommy Wilkes LONDON (Reuters) - If you want to invest in a fund branded as sustainable under new European Union rules, you're spoilt for choice. But you may end up owning shares in oil companies, mining conglomerates or tobacco firms. A Reuters analysis of funds marketed to retail investors increasingly hungry for anything green shows asset managers are adopting a wide range of strategies to justify the sustainable label since the EU brought in disclosure rules in March. The EU's Sustainable Finance Disclosure Regulation (SFDR) is an attempt to deliver transparency for investors focussed...

19 August

0 Comments

Sticky

Fed minutes lift dollar to a 9-month high as stock mkts swoon By Reuters

Posted by admin

in News

By Yoruk Bahceli (Reuters) - The U.S. dollar rose to a nine-month high on Thursday as global markets went into a tailspin after minutes of the Federal Reserve's last showed policymakers expect to reduce pandemic-era stimulus before the year is out. The dollar index, which measures the U.S. currency's performance against six rivals, extended gains in early London trading to rise 0.3% to its highest levels since Nov. 5, 2020, at 93.434. According to the minutes of its July meeting, Fed officials largely expect to reduce their monthly bond buying later this year, but consensus on...

19 August

0 Comments

Sticky

ECB’s new guidance can boost inflation expectations, Lane says By Reuters

Posted by admin

in News

FRANKFURT (Reuters) - The European Central Bank's new policy guidance can boost inflation expectations, paving the ground to higher interest rates down the line, the ECB's chief economist Philip Lane said on Thursday. "The systematic approach to monetary policy embedded in rate forward guidance has the capacity to boost inflation expectations and thereby strengthen inflation dynamics," Lane said in a blog post. "In turn, stronger inflation dynamics are the key to eventual normalisation of policy rates." ...

19 August

0 Comments

Sticky

UK’s McBride lowers profit view on rising costs, driver crunch By Reuters

Posted by admin

in News

(Reuters) - British cleaning products maker McBride said on Thursday annual earnings would likely be hit by an "exceptional" rise in costs of raw materials and distribution challenges due to a shortage of lorry drivers. The company said adjusted pretax profit for the year ending June 30, 2022 will be 55%-65% lower than the current analyst consensus for fiscal 2021. McBride said it had agreed with customers over price increases, which would be implemented later than initially targeted....

19 August

0 Comments

Sticky

Gold Fields’ profit doubles, new CEO to look at acquisitions By Reuters

Posted by admin

in News

By Promit Mukherjee JOHANNESBURG (Reuters) - South Africa-based Gold Fields Ltd reported on Thursday that half-year profit more than doubled as it benefited from rising prices and output and its new CEO said the company would look for acquisitions over the medium term. The company, one of the world's top 10 gold producers and which operates across Australia, Latin America and Africa, had embarked on an organic growth strategy four years ago to increase its mine life, reserves and output. CEO Chris Griffith, who took over the role in April, said he is comfortable with the...

19 August

0 Comments

Sticky

London stocks drop as oil, mining stocks weigh By Reuters

Posted by admin

in News

(Reuters) - London's FTSE 100 fell on Thursday as heavyweight mining and energy stocks tracked a slump in commodity prices on signs of slowing global economic growth and fears of a quicker withdrawal of global monetary stimulus. The blue-chip FTSE 100 index dropped 1.9% to a near three-week low of 7,060.6 points with energy stocks and industrial metal miners leading declines. Oil prices dropped for a sixth straight session to their three-month lows at a per-barrel cost of $67.08, while growth bellwether copper also weakened. The domestically focussed mid-cap index fell 1.3% with travel...

Меню

Biden Calls to Let Extra Jobless Benefits Expire, Despite Delta Surge By Bloomberg

Intel details mixed-source chip strategy and TSMC partnerships By Reuters

Biden says he and his wife will get COVID booster vaccine – interview By Reuters

Macy’s Wows With Higher Guidance, Restored Dividend, Buyback By Investing.com

Fifty shades of green: EU sustainable fund rules muddy the waters By Reuters

Fed minutes lift dollar to a 9-month high as stock mkts swoon By Reuters

ECB’s new guidance can boost inflation expectations, Lane says By Reuters

UK’s McBride lowers profit view on rising costs, driver crunch By Reuters

Gold Fields’ profit doubles, new CEO to look at acquisitions By Reuters

London stocks drop as oil, mining stocks weigh By Reuters

FINSPECTION MANAGEMENT LTD

FINSPECTION PLC LTD

FINACOM MANAGEMENT NV