Author: prosperplanetpulse.com

NEW YORK — Stocks on Wall Street posted solid gains as solid jobs data showed the U.S. economy remains on track. On Friday, the S&P 500 rose 1.1%. The Dow Jones Industrial Average rose 307 points, and the Nasdaq Composite Index rose 1.2%. U.S. employers added jobs in a surprisingly strong month of March, but modest wage increases helped ease some fears that inflation would spike again. Wall Street still expects the Fed to start cutting rates in June. In the bond market, government bond yields rose. Oil rose slightly and gold prices continued their recent gains. This is the…

Trump Media & Technology Group (DJT), the parent company of Donald Trump’s social media platform Truth Social, fell about 13% on Friday, capping a week of volatile trading for its stock.At its current trading level of about $40.30 per share, Trump Media has a market capitalization of about $5.5 billion, and the former president’s stock holdings are worth about $3.1 billion. After the company’s blockbuster public offering last week, Trump’s stake is now worth just over $4.5 billion.The stock price drop comes on the heels of an updated regulatory filing earlier this week showing the company is suffering huge losses…

Cybercrime, Fraud Management and Cybercrime, Focus Region: Asia Attacker dismantles department’s server infrastructure and deletes up to 25TB of data Jayan Chakravarty (@JayJay_Tech) • April 5, 2024 Filipino activists celebrate the anniversary of the EDSA People Power Revolution. (Image: Shutterstock) A hacktivist group in the Philippines infiltrated a server owned and operated by the government’s Department of Science and Technology, deleting up to 25 terabytes of sensitive data and backups.Related item: Banks fear further targeted attacks on financial services The group, which operated under the pseudonym “ph1ns,” targeted the department’s servers on Tuesday, compromising two network-attached storage devices and…

AI technology is making great strides globally, driving the growth of startups, especially in countries like Belgium and Italy. This challenges the idea that large companies like Microsoft have almost sole control over AI. Small and medium-sized enterprises in these countries are attesting to the growing relevance of AI in areas beyond technology, such as agriculture, healthcare, and manufacturing, presenting new channels of economic growth and competition. Belgium and Italy in particular demonstrate how AI efforts are positioning companies to compete globally. Brussels also stands as Europe’s technology hub, reflecting the disruptive impact of AI on startup scalability strategies. Belgium…

Colorado School of Mines students now have a unique “Shark Tank” experience thanks to the campus’ new Beck Venture Center. Mines students, staff, alumni and other supporters celebrated the new building with a ribbon-cutting ceremony on April 4, followed by the 2024 Entrepreneurship Showcase. Colorado Mines School will host a ribbon cutting ceremony for the Beck Venture Center on April 4th. The new building on Washington Avenue will house classrooms and co-working space for Mines students to meet entrepreneurs, investors and mentors. credit: Colin Westman The building, located at 1700 Washington Avenue, features 31,000 square feet of classrooms, coworking space,…

President Biden is expected to announce a new initiative Monday to reduce or eliminate student loan debt for millions of borrowers, an extension of the president’s plan to provide massive relief to Americans struggling to repay their college loans. This is an election-year attempt to revive the goal, officials said. The plan was announced Friday.The person, speaking on condition of anonymity, said Mr. It is expected that the Ministry of Education will conduct a preliminary inspection of new regulations targeting the education sector. This is because the regulation has not yet been formally proposed by the ministry.Proposed regulations are expected…

Baker Hughes has won an order from Black & Veatch to supply electric liquefaction technology, including centrifugal pumps, to Canada’s Cedar LNG. The turbomachinery equipment range consists of four electrically driven main refrigeration compressors, two electrically driven boil-off gas compressors and six centrifugal pumps. Utilizing renewable electricity, Cedar LNG will be one of the lowest carbon intensity LNG facilities in the world. The Cedar LNG Project will see the Haisla Nation and Pembina Pipeline Corporation work together to develop the Haisla Nation-led project. This project is a key element of the Haisla Nation’s economic and social development strategy and will…

Stocks rose solidly on Friday and bond yields rose as Wall Street cheered surprisingly strong U.S. jobs data. The S&P 500 rose 1.1%, offsetting most of the day’s losses and nearing its all-time high set last week. The benchmark index still posted its first weekly decline in three weeks.The Dow Jones Industrial Average rose 0.8%, and the Nasdaq Composite Index rose 1.2%.Technology companies accounted for the lion’s share of the rise. Semiconductor giant Nvidia rose 2.4%, while Google’s parent company Alphabet rose 1.3%. The gains were broad-based, with all sectors of the S&P 500 finishing in the green.U.S. employers added…

How the Fed will proceed with its interest rate policy will be of primary interest to investors next week when the latest inflation data is released. The price data comes at a difficult time as markets try to hedge against rising U.S. Treasury yields. Stocks rose on Friday after part of the March jobs report reassured investors that the central bank is on track to cut interest rates this year. The U.S. economy added more jobs in March than expected, highlighting the strength of the labor market. However, average hourly wages are in line with expectations, suggesting that the labor…

This is this week’s ForbesWomen newsletter. Get news about the world’s top female entrepreneurs, leaders and investors delivered straight to your inbox every Thursday. Click here to join our newsletter list! THe is getting rich and getting richer. This is according to the 38th annual report. forbes A list of the world’s billionaires released this week reveals that the Triple Comma Club now has 2,781 members, an increase of 141 from last year, and is worth a total of $14.2 trillion (yes, that trillion with a T). It was revealed. Of course, women “remain grossly underrepresented” on the list, the…