Month: August 2024
Biden speaks with Zelenskyy, announces new military aid for Ukraine
Ukraine’s President Volodymyr Zelenskyy and U.S. President Joe Biden speak on the sidelines of the NATO’s 75th anniversary summit in Washington, U.S. July 11, 2024. Yves Herman | Reuters U.S. President Joe Biden spoke to Ukrainian President Volodymyr Zelenskyy on Friday and announced a new military aid package ahead of Ukraine’s Independence Day on Saturday, […]
Read More
Italian prosecutor opens manslaughter inquiry in Lynch yacht sinking
An Italian Coast Guard vessel and rib during search operations for the luxury yacht Bayesian which sank off the coast of Porticello, Sicily, on Thursday, Aug. 22, 2024. Bloomberg | Bloomberg | Getty Images An Italian prosecutor has opened a manslaughter investigation into the deaths of British tech magnate Mike Lynch and six other people who were […]
Read More
German police hunt for assailant in festival stabbing that killed 3
Police officers secure access to the crime scene after the Solingen city festival on August 24, 2024 in Solingen, Germany. Andreas Rentz | Getty Images News | Getty Images Police hunted on Saturday for an unknown assailant hours after he killed three people and wounded others in a stabbing attack at a festival in the western German […]
Read More
Fires observed on board Greek-flagged tanker in Red Sea, says maritime agency
Aerial view of a ship at sea. Suriyapong Thongsawang | Moment | Getty Images Three fires blazed on a Greek-flagged oil tanker in the Red Sea, the United Kingdom Maritime Trade Operations said on Friday, one day after rescuers evacuated its crew in the wake of an assault by Yemeni Houthi militants. The Iran-aligned Houthis, who control […]
Read More
Meta says it found WhatsApp accounts linked to Iranian hackers targeting Biden and Trump
Meta said Friday that it blocked a “small cluster” of WhatsApp accounts linked to an Iranian hacking group that was targeting officials associated with President Joe Biden and former President Donald Trump. The company said in a blog post that the bogus WhatsApp accounts appeared to originate from the Iranian threat actor dubbed APT42, which […]
Read More
Intel has hired Morgan Stanley, other advisers for activist defense
A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California. Justin Sullivan | Getty Images News | Getty Images Intel is working with advisors including Morgan Stanley to help defend itself against activist investors, according to people familiar with the matter, as CEO Pat Gelsinger attempts to turn […]
Read More
The yen is strengthening, but foreign investors are staying bullish on Japanese equities
A falling yen helped boost Japanese stocks to record levels this year, but overseas investors think there are still opportunities in those equities even as the currency begins to strengthen. For most of this year, the weak yen was a major bull case argument for foreign investors looking at the Japanese stock markets. For instance, […]
Read More
Next week has historically been a bright spot ahead of a tough market period
There is reason for optimism heading into next week when looking at history. Going back to 1953, the S & P 500 has climbed around 0.5% during the final week of August on a median basis, according to data analyzed by Bespoke Investment Group. Looking at just the past 10 years alone, that median return […]
Read More
RFK Jr. endorses Trump after weeks of back-channel courtship
PHOENIX — Robert F. Kennedy Jr. endorsed former President Donald Trump Friday afternoon during a lengthy speech putting to rest his tumultuous independent presidential campaign. Kennedy’s campaign first confirmed the endorsement in a court filing in Pennsylvania before he took the stage for the speech in battleground Arizona. Trump has his own event in nearby Glendale […]
Read More
How investors can prepare for lower interest rates: It’s ‘like getting a haircut,’ advisor says
Key Points Federal Reserve chair Jerome Powell signaled on Friday that lower interest rates are ahead. It would be the first time the central bank cut rates since the beginning of the Covid-19 pandemic. Investors likely shouldn’t do much to prepare for that shift, advisors said. They can expect lower-risk assets like cash and short-term […]
Read More