Author: prosperplanetpulse.com
(Bloomberg) — Asian stocks rose as traders weighed the possibility of a Fed interest rate cut after Federal Reserve Chairman Jerome Powell said the U.S. was back on a deflationary track.Most read articles on BloombergStock indexes in Japan, Australia and South Korea rose, while Hong Kong stock futures signaled a strong start. S&P 500 futures were down slightly after the index closed above 5,500 for the first time, its 32nd close this year, continuing a ferocious rally that has analysts scrambling to revise their targets. Tesla surged 10%, leading a rally in large stocks and helping the Nasdaq 100 close…
au Jibun Bank announced that Japan’s composite purchasing managers’ index fell to 49.7 in June. The Caixin Services Purchasing Managers’ Index showed that China’s services sector expanded for the 18th consecutive month. HSBC reported that India’s private sector activity expanded strongly last month, with the composite PMI rising to 60.9 in June from 60.5 in May, a five-month low. Asia-Pacific markets were mostly higher on Wednesday as investors assessed a trove of data from the region, while Wall Street rose overnight after comments from Federal Reserve Chairman Jerome Powell noted “evolving” inflation. au Jibun Bank announced that Japan’s composite purchasing…
NEW YORK (AP) — A type of bankruptcy protection that made it easier for small businesses to seek relief has expired, complicating the process for those with more than $3 million in debt.This filing method, called Subchapter V, is less expensive and takes less time than a traditional Chapter 11 bankruptcy filing.The rule went into effect in 2020 as part of the Small Business Reorganization Act, allowing small businesses with debts of less than $2.75 million to apply under this provision. The debt limit was extended to $7.5 million for one year in March 2020 during the pandemic and has…
Investors looking to get a head start on their Independence Day celebrations a little early this week are in luck. Independence Day is a federal holiday celebrated every year on July 4th to commemorate the day the United States declared independence from Great Britain on July 4th, 1776. This year, it falls on a Thursday, so the market’s opening hours the day before will be slightly different. So far this year, the markets are up: The Dow Jones Industrial Average is up 4.4%, the S&P 500 is up 15.5% and the Nasdaq Composite has surged 20%. If you’re thinking about…
You’re reading our Today’s Opinions newsletter. Sign up to get it delivered to your inbox.Supported by his family, he ventures into the wildHonolulu, where I live, feels like it’s pretty far away from the rest of the world. But sometimes when I watch the news, I think to myself… “Further away.”Consider the recently discovered JADES-GS-z14-0 galaxy, which is 34 billion light-years away (and counting) from Earth, so far away that even light cannot reach it. Never again To get from one point to another.Okay, okay, maybe that’s a bit too far. But the Appalachian Trail is just the thing to…
Magic AI Inc., an artificial intelligence (AI) programming startup, is reportedly looking to raise more than $200 million in a new funding round, raising its valuation to $1.5 billion. The talks come just months after the company closed a $23 million Series A round of funding. Reuters reported, citing three anonymous sources, that venture capital firm Jane Street is in talks to lead a new round of funding that could triple the company’s valuation, even though Magic AI has yet to turn a profit or launch a product. Magic AI was valued at $500 million in its last funding round…
On January 3, 2021, Justice Department officials gathered in the Oval Office to try to resolve a major dispute within President Donald Trump’s administration.Attorney General William P. Barr resigned two weeks ago, and Trump was unhappy with the acting attorney general, Jeffrey Rosen, and had considered firing him and replacing him with Jeffrey Clark, a former Justice Department environmental lawyer who had aggressively promoted Trump’s claims that the 2020 election was stolen.Trump criticized Rosen for not using the Justice Department to maintain his power — Rosen argued that doing so would violate the law and the Constitution — so Trump…
Wenatchee is listed as one of the top 10 travel destinations for the Fourth of July weekend. The designation comes from Airbnb, which also includes other small cities across the country on its list, including nearby Cle Elum. A source offering online homestays across the country said the towns on the list are known for their beautiful landscapes and popular Independence Day celebrations. The highlight of Wenatchee’s Independence Day celebrations is the city-hosted fireworks display at Walla Walla Point Park. Link Transit will be running a shuttle from the JCPenney parking lot at Valley North Shopping Center to the fireworks…
A better Israeli prime minister than Benjamin Netanyahu would call elections immediately. Israelis deserve a government they believe can lead them out of the crisis, not the one that got them into it. If that government is still led by Netanyahu, then at least he will have a sincere mandate and dissident Israelis will have less reason to protest against him. It would also give the prime minister more power vis-Ã -vis the military, which believes it can openly disagree with the civilian leadership.A better Israeli prime minister would declare the following policy regarding a Palestinian state: The Israeli government will…
NEW YORK (WABC) — The New York Police Department’s Anti-Terrorism Maritime Unit is preparing the Hudson River for the nation’s largest Independence Day celebration.The New York Police Department said there are no specific or known threats to the city or Macy’s fireworks display on Thursday, but it’s important to remain on high alert for large events that could be targeted in terrorist attacks or by a lone perpetrator.This year, police are using new technology, including drones and water, to keep everyone safe.NYPD Detective Patrick Golden of the NYPD’s Marine Counterterrorism Unit gave Eyewitness News an exclusive look at the techniques…