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Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Jan 15, 2024
  Former Citibank Analyst's Unfair Dismissal Claim Rejected   Employee Lied About Food Expenses  A former Citibank analyst, Szabolcs Fekete, has lost his claim of unfair dismissal after a tribunal discovered he had lied about buying food for his partner and charging it to his employer.   Fekete, who was a senior analyst, claimed he had been both wrongfully and unfairly dismissed by Citibank....
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
Jan 15, 2024
  California's New Law: Turning Parking Lots into Affordable Housing   Introduction  In an effort to combat the ongoing homeless crisis, California has enacted a new law that allows religious institutions and nonprofit colleges to convert their parking lots and other properties into low-income housing.   The Law's Provisions  The law, signed by Governor Gavin Newsom, rezones land owned by religious institutions and nonprofit colleges...
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
Nov 29, 2023
The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after a Reserve Bank of India (RBI) order.
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Nov 29, 2023
November has turned out to be the best month of the year so far for the Nifty, with the index gaining 5.5% so far ahead of Thursday's monthly F&O expiry.
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Sector Update: Tech Stocks Flat to Higher Premarket Monday
Sector Update: Tech Stocks Flat to Higher Premarket Monday
Oct 17, 2024
09:08 AM EDT, 10/14/2024 (MT Newswires) -- Technology stocks were flat to higher premarket Monday with the SPDR S&P Semiconductor ETF ( XSD ) inactive and the Technology Select Sector SPDR Fund ( XLK ) up 0.6% recently. Zapata Computing Holdings ( ZPTA ) shares slumped by over 70% after the company said in a filing its board has approved...
Sector Update: Health Care
Sector Update: Health Care
Oct 17, 2024
08:55 AM EDT, 10/14/2024 (MT Newswires) -- Health care stocks were steady premarket Monday as the Health Care Select Sector SPDR Fund (XLV) was inactive and the iShares Biotechnology ETF (IBB) was down 0.1% recently. Longboard Pharmaceuticals ( LBPH ) shares surged past 51% after the company and H. Lundbeck announced an agreement for Lundbeck to acquire Longboard in a...
Sector Update: Tech
Sector Update: Tech
Oct 17, 2024
08:52 AM EDT, 10/14/2024 (MT Newswires) -- Technology stocks were flat to higher premarket Monday, with the SPDR S&P Semiconductor ETF (XSD) inactive and The Technology Select Sector SPDR Fund (XLK) up 0.4%. Zapata Computing Holdings ( ZPTA ) shares were down more than 70% after the company said its board has approved the cessation of the company's operations due...
Sector Update: Energy
Sector Update: Energy
Oct 17, 2024
09:04 AM EDT, 10/14/2024 (MT Newswires) -- Energy stocks were declining premarket Monday with the Energy Select Sector SPDR Fund (XLE) down 0.7% recently. The United States Oil Fund (USO) was down 2.2% and the United States Natural Gas Fund (UNG) was 2.4% lower. Front-month US West Texas Intermediate crude oil was 2.1% lower at $73.97 per barrel at the...
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Israeli soldiers play with Gaza women's underwear in online posts
Israeli soldiers play with Gaza women's underwear in online posts
Mar 28, 2024
* Mocking posts by Israeli soldiers going viral * Some experts say posts may breach international law By Estelle Shirbon and Pola Grzanka March 28 (Reuters) - Israeli soldiers have been posting photos and videos of themselves toying with lingerie found in Palestinian homes, creating a dissonant visual record of the war in Gaza as a looming famine intensifies world...
Home Depot to buy SRS Distribution in $18.25 bln deal
Home Depot to buy SRS Distribution in $18.25 bln deal
Mar 28, 2024
March 28 (Reuters) - Home Depot ( HD ) said on Thursday it would buy residential specialty trade distribution company SRS Distribution in a deal valued at about $18.25 billion. (Reporting by Deborah Sophia in Bengaluru; Editing by Sriraj Kalluvila) ...
Who is Sam Bankman-Fried, the onetime crypto mogul facing decades in prison?
Who is Sam Bankman-Fried, the onetime crypto mogul facing decades in prison?
Mar 28, 2024
NEW YORK (Reuters) - A few years after graduating from college, Sam Bankman-Fried grew worried he was not taking enough risks.  So the son of two Stanford Law School professors quit his Wall Street job and in 2017 started a cryptocurrency hedge fund, setting off a sequence of events that will culminate on Thursday with his sentencing over what federal...
India sizzles in global equity capital markets amid deals drought in Asia
India sizzles in global equity capital markets amid deals drought in Asia
Mar 28, 2024
SYDNEY (Reuters) -India's bulging pipeline of large block trades and listings such as the $3 billion IPO of Hyundai Motor's ( HYMTF ) unit will draw more funds to a market whose share of global equity capital market deals hit a quarterly record this year, bankers said. A paucity of deals elsewhere in Asia will add to the impetus for...
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Here’s Why Bitcoin Gained Over 20% in 3 Weeks: But Can it Go Higher?
Here’s Why Bitcoin Gained Over 20% in 3 Weeks: But Can it Go Higher?
Oct 2, 2024
Even with todays correction that has pushed its price south by almost three grand, BTC is on the verge of closing its most bullish September in over a decade. Here are some of the possible reasons behind this rather unexpected increase during the month, especially its second part, and speculation about whether it could sustain and double down on the...
Bitcoin Price Analysis: BTC Tumbles to $64K as Bears Look to Reappear
Bitcoin Price Analysis: BTC Tumbles to $64K as Bears Look to Reappear
Oct 2, 2024
Bitcoin’s recent price surge toward $66,000 has led to heightened optimism, but the market now faces a potential retracement phase. The $66K resistance level is proving to be a formidable barrier, and BTC is likely to undergo a period of consolidation or correction before determining its next major trend. Technical Analysis By Shayan The Daily Chart Bitcoin recently experienced a...
Crypto Giant Bithumb Eyes NASDAQ Listing, Open to Global IPO Options
Crypto Giant Bithumb Eyes NASDAQ Listing, Open to Global IPO Options
Oct 2, 2024
South Korean crypto exchange giant Bithumb is reportedly exploring the possibility of listing on the US NASDAQ, as discussed during a shareholder meeting on Monday. The company has indicated that it is open to considering all possibilities regarding where to launch its initial public offering (IPO). Bithumb Looks Beyond KOSDAQ Korea Economic Daily revealed the latest details on September 30th, less...
Bitcoin Funding Rate Near Zero, Indicating Room for Growth
Bitcoin Funding Rate Near Zero, Indicating Room for Growth
Oct 2, 2024
Bitcoin appears to have defied the historical trend of negative return for September, with almost 9% in gains for the month. At the time of writing, Bitcoin is trading above $64,000. As such, experts are now betting on a more favourable market conditions and a continued bullish trend for the worlds leading crypto asset. Room For Growth According to the...
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