Month: October 2024
Singapore’s disgraced former transport minister jailed for 12 months in landmark case
Former transport minister S. Iswaran walks as he appears at the Supreme Court in Singapore October 3, 2024. Edgar Su | Reuters A Singapore court on Thursday sentenced a former minister to 12 months in prison for obstructing justice and receiving more than $300,000 worth of gifts, in the first jailing of an ex-cabinet member […]
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Citi names 3 U.S. traded stocks set to benefit China’s stimulus program
Citi has identified three U.S.-traded Chinese stocks that are positioned to benefit from Beijing’s recently announced economic stimulus program. China introduced several supportive policies last month to revive its economic growth and bolster market and consumer confidence. The Chinese government’s efforts have already shown a significant impact, with Chinese internet stocks experiencing substantial gains last […]
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A private island for $1,000 per night — for those who are willing to get there
When Richard Kvech first set foot on Pinang four years ago, a dilapidated bungalow used by passing fishermen was the only sign of human life on the island. Kvech and three friends, all from the Czech Republic, slept in hammocks and cooked on the beach, while dreaming of creating an eco-retreat on the 50-hectare Indonesian […]
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Supply chain disruptions could benefit these stocks, Goldman Sachs says
Global supply chains and trade have been facing no shortage of challenges in the past few years. Factors ranging from Covid-19 pandemic disruptions to Red Sea tensions have driven freight rates up and affected deliveries. Trade tensions, too, have resulted in tariffs and affected world trade in certain goods. Just this week, strikes at the […]
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Japan’s Nikkei 225 jumps 2.5% as yen weakens
Pedestrians cross a road in front of the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Oct. 29, 2020. Kiyoshi Ota | Bloomberg via Getty Images Japan stocks led Asian markets higher Thursday, after Wall Street inched higher amid rising tensions in the Middle East. Japan’s Nikkei […]
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Stock futures inch higher as traders await jobs report due later this week: Live updates
Traders work on the floor of the New York Stock Exchange. Stock futures ticked higher Wednesday night as investors look ahead to September’s payrolls report due later this week. Futures tied to the Dow Jones Industrial Average added 40 points, or less than 0.1%. S&P 500 futures advanced 0.1%, while Nasdaq 100 futures climbed about […]
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The East and Gulf coast ports strike could be a no-win situation for the Biden administration
Mario Tama | Getty Images News | Getty Images President Joe Biden and his administration are sticking to their position of not invoking the Taft-Hartley Act to force International Longshoremen’s Association dock workers back on the job at East and Gulf coast ports where a strike is hitting day two on Wednesday, a political decision […]
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The East and Gulf coast ports strike could be a no-win situation for the Biden administration
Mario Tama | Getty Images News | Getty Images President Joe Biden and his administration are sticking to their position of not invoking the Taft-Hartley Act to force International Longshoremen’s Association dock workers back on the job at East and Gulf coast ports where a strike is hitting day two on Wednesday, a political decision […]
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Levi Strauss trims guidance as it weighs sale of Dockers business
Justin Sullivan | Getty Images Denim-crazed consumers are turning to Levi Strauss & Co for new jeans, but the company’s overall business is being dragged down by its Dockers brand, which the company is now considering selling off, it announced Wednesday. Sales at Levi’s brand were up 5% during its fiscal third quarter — the […]
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‘Make them riot’ — Trump election case judge unseals special counsel motion on immunity
Republican presidential nominee and former U.S. President Donald Trump makes a campaign stop at manufacturer FALK Production in Walker, Michigan, U.S. September 27, 2024. Brian Snyder | Reuters A federal judge on Wednesday unsealed a motion by Special Counsel Jack Smith detailing evidence against former President Donald Trump in his criminal election interference case in […]
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