Author: FX

© Reuters. FILE PHOTO: Former U.S. President and Republican presidential candidate Donald Trump addresses the Conservative Political Action Conference (CPAC) annual meeting in National Harbor, Maryland, U.S., February 24, 2024. REUTERS/Elizabeth Frantz/File Photo By Nathan Layne GRAND RAPIDS, Michigan (Reuters) -Donald Trump on Saturday easily won the Republican caucuses in Michigan, where the party has been riven by infighting that some Republicans fear could hurt his campaign in the key battleground state as he gears up for the general election in November. The former U.S. president also won the Missouri and Idaho Republican caucuses on Saturday, according to Edison Research.…

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2/2 © Reuters. U.S. military carry out its first aid over Gaza, amid the ongoing the conflict between Israel and the Palestinian Islamist group Hamas, in Gaza City, March 2, 2024. REUTERS/Kosay Al Nemer 2/2 By Nidal al-Mughrabi and Idrees Ali CAIRO/WASHINGTON (Reuters) -The United States on Saturday carried out the first of what it said would be a series of humanitarian airdrops of food into Gaza, as aid agencies warned of a growing humanitarian disaster in the Palestinian enclave in the absence of a ceasefire deal. Three C-130 U.S. military planes delivered more than 38,000 meals into a territory…

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AerialPerspective Works The Biden administration said this week it will exclude existing natural gas power plants from its proposed carbon regulations – at least for now – in a significant weakening of a key regulation on greenhouse gases. The Environmental Protection Agency said it still plans to finalize standards by April to cut carbon emissions from existing coal and new gas-fired power plants, but will establish a new, broader rule that targets the entire fleet of gas plants operating in the U.S. The EPA proposed a set of standards last May it projected would cut carbon emissions from coal plants…

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JHVEPhoto/iStock Editorial via Getty Images Europe’s second-highest court has ordered the EU regulators to pay $851,634 as legal fees to Qualcomm (NASDAQ:QCOM), less than 10% of the $12M claim the U.S. chipmaker has sought as part of its successful appeal over a more than $1B antitrust fine in 2022. In a ruling dated Feb. 29, the Luxembourg-based General Court said that the quantity of work and the associated costs Qualcomm (QCOM) has cited were not justifiable, hence the reduced compensation. “The applicant’s request is insufficiently substantiated and manifestly excessive as regards both the amounts claimed and the numbers of hours…

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© Reuters. FILE PHOTO: The cargo ship Rubymar is seen in the Black Sea off Kilyos near Istanbul, November 2, 2022. REUTERS/Mehmet Emin Calsikan ADEN, Yemen (Reuters) -The UK-owned Rubymar, attacked by Houthi militants last month, has sunk in the Red Sea, Yemen’s internationally recognised government said on Saturday, warning of an “environmental catastrophe” from the ship’s cargo of fertiliser. If confirmed, it would be the first vessel lost since the Houthis began targeting commercial shipping in November, forcing shipping firms to divert vessels on to the longer, more expensive route around southern Africa. The Iranian-backed Houthis, who control the…

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GOLD PRICE OUTLOOK:Gold prices (XAU/USD) rally vigorously, reaching their highest level since late DecemberHowever, these gains might be at risk of reversal next week if U.S. jobs data surprises higherThe February U.S. nonfarm payrolls report is scheduled to be released on Friday morningMost Read: USD/JPY Recovers on Ueda’s Dovish Remarks, Critical Tech Levels AheadGold prices (XAU/USD) staged a remarkable rally this past week, breaking past key technical thresholds to reach their highest point since December 2023. By Friday’s close, the precious metal had notched a substantial weekly gain of 2.33%, settling near $2,082.Bullion’s bullish momentum can be attributed in part…

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Week Ahead 4th – 8th MarchMon: Swiss CPI (Feb), South Korean GDP (Q4), Japanese Tokyo CPI (Feb),Tue: US Primary Super Tuesday, Chinese Caixin Services PMI Final (Feb), EZ/UK/US Services and Composite PMI Final (Feb), EZ PPI (Jan), US ISM Services PMI (Feb), South Korean CPI (Feb)Wed: BoC Announcement, Australian GDP (Q4), German Trade Balance (Jan)Thu: ECB Announcement, Japanese Wage Data, Chinese Trade Balance (Feb)Fri: German Industrial Output and PPI (Jan), EZ GDP Revised (Q4), US Jobs Report (Feb), Canadian Jobs Report (Feb)Sat: Chinese Inflation (Feb)Sun: Japanese GDP (R)Note: Previews are listed in day orderChina two-sessions (Mon/Tue): China’s political elite and…

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herkisi The sheer size and dominance of the “Magnificent 7” club has been well documented, especially in light of their outsized role in Wall Street’s current bull run. Every member sans Tesla (TSLA) sits comfortably above $1T in market capitalization today. But that $1T club could soon have some new members, and in a rarity, they would be the first non-technology entrants. The companies are Warren Buffett’s sprawling conglomerate Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) and drugmaker Eli Lilly (NYSE:LLY). Berkshire (BRK.A) (BRK.B) has slowly and steadily grown in size. The legacy company was founded in 1839 as a textile manufacturer until…

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© Reuters. Kinaxis Inc. (KXS), a leader in supply chain management solutions, reported robust financial results for the fourth quarter of fiscal 2023, with a 24% annual increase in Software as a Service (SaaS) revenue and a record free cash flow exceeding $75 million. The company also achieved an adjusted EBITDA margin of 18% and highlighted the launch of new offerings and AI- and ML-powered capabilities. Kinaxis anticipates continued focus on profitability and reaching a midterm adjusted EBITDA margin goal of over 25%.Key TakeawaysKinaxis Inc. experienced a 19% SaaS revenue growth in Q4 and attained a 24% increase annually.Adjusted EBITDA…

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