Author: prosperplanetpulse.com

Important points Intel shares fell in after-hours trading Tuesday night after the company disclosed wider losses and lower sales at its foundry business.The company’s foundry business reported an operating loss of $7 billion on sales of $18.9 billion last year, and a loss of $5.2 billion on sales of $27.5 billion in 2022.Intel CEO Patrick Gelsinger said he expects losses in the foundry business to peak this year and reach breakeven midway between now and the end of 2030.Investors should keep an eye on the $39.80 level, where Intel stock widens its wedge formation by converging with the lower trendline…

Renewed Inflation Fears Drive Stocks Lower Rising commodity prices are clouding the outlook for interest rates. Fed’s Mester still expects 3 rate cuts in 2024 but it is a ‘close call’ Cleveland Fed President Loretta Mester said Tuesday she still expects three rate cuts in 2024, but called it a close call. “I still think three times is reasonable, but it’s a close call,” Mester told reporters after her speech. Australian Consumer Confidence Slips Last Week According to a survey by ANZ Bank and polling firm Roy Morgan, the consumer confidence index fell 0.3 points to 82.8. Israel-Iran Conflict Threatens…

When we invest, we typically look for stocks that outperform the market average. And the truth is, if you buy a quality business at the right price, you can make big profits. That said, YHI International’s stock price rose 26% in his five years, easily outpacing the market’s 25% decline (ignoring dividends). On the other hand, recent profits have been less impressive, with shareholder return including dividends at just 4.0%.So let’s assess the underlying fundamentals over the past five years to see if they have kept pace with shareholder returns. Check out our latest analysis for YHI International. in his…

BOSTON (WWLP) – An Ayer man was sentenced Tuesday in federal court in Boston for conducting a cyber attack on the computer network of his former employer at an Essex County public high school. Boston man pleads guilty to bank robbery and escape charges Conor Lahiff, 30, was sentenced by Chief U.S. District Judge F. Dennis Saylor IV to one month in prison and three years of supervised release, with the first 12 months to be served at home, according to the Department of Justice. Additionally, he was ordered to pay $34,110 in restitution. Rahif pled guilty in December 2023…

Indian stock market: Indian stock market is expected to open lower on Wednesday following weak cues from global markets on the back of rising oil prices. US stocks ended sharply lower overnight, while Asian markets fell as investors weighed the possibility of the US Federal Reserve delaying interest rate cuts. Rising U.S. bond yields and soaring oil prices could also worsen investor sentiment. Indian stock market indexes on Tuesday ended a three-day bull run, dragged down by profit-taking in some private banks and auto stocks amid weakness in global indexes. The Sensex fell by 110.64 points or 0.15% to close…

On March 20, the GSMA, the organization representing the interests of mobile network operators around the world, published its latest manifesto, setting out the reforms it believes are needed to make Europe’s connectivity ecosystem fit for the future. As mobile usage continues to increase and innovations such as telemedicine and self-driving cars are expected to make Europeans’ lives easier, the industry believes a robust and well-funded connectivity environment is essential. Masu. GSMA sees the upcoming European elections as an opportunity to place connectivity firmly on the EU’s political agenda. According to the GSMA, reform of the telecommunications sector should be…

(Note: Last week, I had the good fortune to publish an opinion piece written by Ed Zotti and myself in Crain’s Chicago Business.) It’s about the continued loss of the black middle class. This article is behind a paywall, but as a co-author I decided to publish it here. It’s a topic I’ve written extensively about. , and Chicago isn’t the only city or metro to experience this. But Chicago (and other rusty, industrial cities) has a certain racism that’s a less-recognized feature that holds them back. Please take a look. -Pete) Opinion: Chicago needs to attract more black talent.…

(Figure: Business Wire)Seoul, South Korea and Taipei, Taiwan, April 3, 2024–(BUSINESS WIRE)–Craft Technologies, a leading investment technology company developing artificial intelligence solutions, has entered into a strategic technology partnership with First Securities Investment Trust Co., Ltd. (FSITC), a prominent asset management company. proudly announced. The goal of this partnership is to develop new tools for investment management through the joint development of advanced AI and deep learning algorithms. These efforts aim to improve multifactor screening models, enhance market risk prediction, and set new benchmarks for investment strategies.At a time when AI and deep learning are changing the world of investing,…

As former President Donald Trump struggles to post more than $450 million in bail to prevent authorities from seizing his assets last month, California billionaire Don Hankey and his wife Debbie , Hankey’s business could cover that, and they started discussing a solution.Mr. Hankey, a Trump supporter who made his fortune by offering high-interest car loans to customers with bad credit, immediately contacted Mr. Trump’s team and filed a lawsuit against Mr. Trump against a massive civil fraud judgment in New York. They negotiated an agreement that allowed him to maintain his sentence while he appealed the case. But the…

It seems like much of the world is against us these days.According to the latest Gallup poll of 1,016 American adults conducted in March, a majority disapprove of continuing the war with Hamas. Support for the war has fallen from 50% in November 2023 to 36% now, and the number of people opposed has increased from 45% in November 2023 to 55% now. Approximately 9% of respondents had no opinion on this matter.On the other hand, a recent American Harvard-Harris poll of 2,000 registered voters was more reassuring. 79 percent of Americans support Israel over Hamas, and 20 percent…