Author: FX

© Reuters. U.S. President Joe Biden delivers remarks at South Carolina’s First in the Nation Dinner at the State Fairgrounds in Columbia, South Carolina, U.S., January 27, 2024. REUTERS/Tom Brenner/File Photo WASHINGTON (Reuters) – Three U.S. service members were killed and many wounded during an unmanned aerial drone attack on U.S. forces stationed in northeastern Jordan near the Syrian border, President Joe Biden said on Sunday, blaming Iran-backed groups for the attack. “While we are still gathering the facts of this attack, we know it was carried out by radical Iran-backed militant groups operating in Syria and Iraq,” Biden said…

The Washington Post’s Jeff Stein reports — citing three people familiar — that Trump has floated 10-60% tariffs on all Chinese goods if he’s elected President.I don’t take these reports as anything serious as Trump already had the opportunity to put tariffs on China and they were small and not really disruptive (despite a lot of hand-wringing) but if he decides to campaign on tariffs then it’s not going to be improve sentiment about China or the US.My guess here is that talking tough on China is popular but that boosting the price of everything sold at Wal-Mart by 60%…

As the calendar transitions from January to February, the upcoming week promises a flood of earnings reports from some of the world’s largest companies by market capitalization. Among the noteworthy releases are anticipated updates from tech giants Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG). In addition to these tech behemoths, the week ahead will also feature reports from diverse sectors, including coffee giant Starbucks (SBUX), aerospace and defense giant Boeing (NYSE:BA) and payment processor Mastercard (MA). In addition, figures are slated to be released by major pharmaceutical players Pfizer (PFE), AbbVie (ABBV), Novartis (NVS)…

4/4 © Reuters. Turkish police stand guard outside the Italian Santa Maria Catholic Church after two masked gunmen were shooting during Sunday service, in Istanbul, Turkey January 28, 2024. REUTERS/Dilara Senkaya 2/4 ANKARA (Reuters) – Two masked gunmen shot one person dead during Sunday service at a church in Istanbul, Interior Minister Ali Yerlikaya said, adding that authorities were working to capture the assailants. Yerlikaya, who condemned the attack, said it took place around 0840 GMT at the Italian Santa Maria Catholic Church in the Sariyer district. “C.T., who was among those participating in the service, was the target of…

Dime Community Bancshares 5.50% Fixed-Rate Non-Cum Pptl Prfd Stk, Series A declares $0.3438 dividend Source link

© Reuters. Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo (Reuters) -President Joe Biden’s administration is expected to award billions of dollars in subsidies in coming weeks to top semiconductor companies including Intel (NASDAQ:) and Taiwan Semiconductor Manufacturing Co to help build new factories in the U.S., the Wall Street Journal reported on Saturday. The forthcoming announcements aim to kick-start manufacturing of advanced semiconductors that power smartphones, artificial intelligence, and weapons systems, the WSJ reported, citing industry executives familiar with the negotiations. The executives expect some announcements to…

Justin Sullivan/Getty Images News The premium California drivers pay for gasoline compared to the overall U.S. average likely will rise significantly if state legislators continue enacting policies to discourage petroleum production, the head of Chevron’s (NYSE:CVX) refining division told Bloomberg in an interview Saturday. California drivers paid an average of $4.94/gal of gasoline in last year’s Q4 vs. $3.22 for the national average, partly because the state’s tough low-carbon fuel standards have encouraged refineries to convert from petroleum to renewable diesel, which reduce gasoline supply and raise prices, Chevron’s (CVX) Andy Walz said in the interview. The state government “knew…

akinbostanci Some 398 global natural disaster events caused a $380B economic loss in 2023, up from the $355B loss in 2022 and 22% above the 21st-century average, insurance broker Aon (NYSE:AON) reported this past week. The biggest loss event in 2023 was February’s Turkey and Syria earthquakes, resulting in an economic loss of $92.4B and an insured loss of $5.7B. From there, floods in China during the May-September period drove a $32.2B economic loss and a $1.4B insured loss. The report noted that most disaster losses were identified in the U.S., though most losses remained uninsured in Europe, Middle East,…

© Reuters Bitcoin Witnesses Mystical $280 Million Transfer as BTC Price Teases Pump U.Today – In a day of extraordinary transfer activity, the cryptocurrency market witnessed a significant movement of 7,000 BTC, valued at over $280 million. This mysterious transfer captured the attention of the crypto community, raising speculation about its implications for the future of . The sizable transfer occurred between unknown wallets, adding an air of mystique to an already enigmatic transaction. The event took place against the backdrop of a 2% surge in Bitcoin’s price, climbing from $39,900 to $40,700 earlier in the day. After the transfer…

GOLD PRICE FORECASTGold prices (XAU/USD) have managed to rebound modestly in recent days, but it continues to exhibit a consolidation-oriented biasVolatility could pick up next week, with the Fed decision on the economic calendarThis article focuses on gold’s technical outlook, examining important price thresholds that could be relevant in the upcoming daysMost Read: USD/JPY in Consolidation Stage but Fed Decision May Spark Big Directional MoveGold has displayed limited volatility in recent trading sessions and hasn’t really gone anywhere for the past two weeks or so, with prices moving up and down with no discernable trend. Things, however, could change in…