Yahoo Finance AP Top Extended Financial Headlines at 11:06 p.m. EDT
A judge has acquitted 28 people accused of money laundering in an international case known as the Panama Papers
A judge has acquitted 28 people accused of money laundering in an international case known as the Panama Papers
When Wu Cunsong and Chen Binghui founded their artificial intelligence startup two years ago in Hangzhou, China, they quickly ran into obstacles, including dearth of venture capital.
Huawei Technologies has teamed up with Chinese foundry Wuhan Xinxin Semiconductor Manufacturing Co to develop high-bandwidth memory (HBM) chips, according to sources, as these devices have become an indispensable component in the computing infrastructure used for artificial intelligence (AI) projects. This initiative also involves mainland integrated circuit (IC) packaging firms Jiangsu Changjiang Electronics Tech and Tongfu Microelectronics, which are tasked to provide the so-called Chip on Waf
Ninja Van CEO Chang Wen Lai will deliver a virtual address at 11am on July 2, according to an anonymous source.
This investment includes an increase in early career compensation, the launch of EY SCALE and enhanced learning opportunities.
For many people, retirement may seem like a far-off accomplishment, a glorious place that looms over a distant horizon. However, you might be in a position to close the gap and round the curve into...
The Federal Trade Commission is taking action against a gig work company, saying it misled people about the money they could make on its platform. Arise Virtual Solutions reached a settlement with the FTC, agreeing to pay $7 million to workers the FTC says were harmed by the company's misconduct. Arise is a technology platform that connects major companies with customer service agents who freelance on its platform.
For a comfortable retirement, 26% of Americans said they'd need anywhere from $500,000 to $1 million. This key takeaway comes from a GOBankingRates January 2024 survey polling 1,005 Americans about...
Rising tensions in the Middle East are adding a premium to oil prices as traders weigh the potential of an interruption to Iran's oil supply.
Activity in India's manufacturing sector rebounded last month as output increased on robust demand, leading to the fastest rate of hiring in over 19 years, despite inflationary pressures remaining elevated, a survey showed. The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, rose to 58.3 in June, marginally below a preliminary 58.5 estimate, from a three-month low of 57.5 in May. "The Indian manufacturing sector ended the June quarter on stronger footing," said Maitreyi Das, global economist at HSBC.
Russian energy giant Gazprom's average daily natural gas supplies to Europe jumped by almost 23% in June from a year earlier, rebounding from last year's post-Soviet lows, although they fell 8.6% from May, Reuters calculations showed on Tuesday. Exports were lower last month than in the previous month amid planned maintenance at the TurkStream undersea pipeline on June 6-9. The calculations, based on data from the European gas transmission group Entsog and Gazprom's daily reports on gas transit via Ukraine, showed that average daily pipeline exports decreased to 81.8 million cubic metres (mcm) last month from 89.5 mcm in May, but they were up from the 66.8 mcm in June 2023.
LONDON (Reuters) -Shares in Anglo American slid as much as 4% on Monday, with investors worried over what impact an ongoing underground blaze at a coal mine in Australia could have on the miner's plan to sell its coal portfolio, part of a broader bid to add value. Anglo has been battling a fire ignited at its Grosvenor steelmaking coal mine in Australia's Queensland state on Saturday. "The underground combustion event is ongoing; however, the QMRS (Queensland Mines Rescue Service) mobile extinguisher unit is now fully operational, and smoke has visibly reduced," it said in a statement on Monday.
French oil major TotalEnergies has notified South Africa's petroleum regulator that it intends to withdraw from its 11B/12B offshore gas field but has yet to submit a formal request to do so, a source at Petroleum Agency SA said. TotalEnergies discovered the first of two large mainly gas finds in Block 11B/12B offshore the southern coast in 2019, and the withdrawal is a setback for South Africa which was banking on the gas potentially supplying an idle national gas-to-liquid refinery at Mossel Bay. Talks over the gas price have stalled for years, while TotalEnergies has invested heavily to explore neighbouring Namibia, a global exploration hotspot since TotalEnergies, Shell and Galp hit new finds.
Investing.com-- Oil prices steadied in Asian trade on Tuesday after running up sharply in recent sessions as traders bet on increased demand during the Independence Day holiday and potential supply risks from geopolitics and weather-related disruptions.
For months, Philip Matthias tried to convince his father to install solar panels on their company's roof in the eastern German state of Thuringia, aiming to cut electricity costs and carbon emissions at the metal products factory. Since the war in Ukraine and the sudden drop in Russia fossil fuel exports to Germany, Berlin has introduced laws to accelerate solar power expansion, part of its plan to cover 80% of the country's energy from renewables by 2030. Encouraged by a feed-in tariff providing a guaranteed price to renewable energy producers selling their power, as well as reduced solar panel costs, German companies are increasingly turning to solar to get around high energy costs.
When Ted Rossman was at Newark Airport in New Jersey the other day, he got a shock along with his sandwich. Rossman, a senior industry analyst for financial information site Bankrate, went to a self-serve kiosk for a snack before a flight, scanned the item himself, and was asked for a tip. Which is why Americans are apparently fed up, according to a new Bankrate survey on the subject.
Bitcoin mining stocks outperformed the underlying cryptocurrency in June, driven by excitement around AI data centers, the value of power access, and a decline in network hashrate. According to a note from JPMorgan, dated Monday, these factors contributed to a 19% sequential increase in the aggregate market cap of 14 U.S.-listed bitcoin miners, which reached $22 billion. Despite an overall decline, the average Bitcoin price in June hovered around $66,000, up merely 1% from May. However, it exited the month lower at a $61,200 seven-day rolling average, an 11% decrease from the previous month's figure.
The firm faces a potential fine of up to 10% of its global revenue if it fails to comply with the rules.
Retirement can seem like a faraway goal until all of a sudden, it's not. When you only have a few years left until you retire, the financial decisions you make take on a new importance. Once you're inside the five-year window, that's a good time to review your plan to make sure you're on track. […] The post How to Master the Last 5 Years Before Retirement appeared first on SmartReads CMS - SmartAsset.
BERLIN (Reuters) -Germany will block the planned sale of Volkswagen subsidiary MAN Energy Solutions' gas turbine division to a Chinese company, three people familiar with the matter told Reuters on Tuesday. GHGT belongs to the China State Shipbuilding Corporation (CSSC), which dominates the Chinese shipbuilding industry. MAN Energy Solutions said last September that the German government would take a closer look at the planned sale to Chinese state-owned CSIC Longjiang GH Gas Turbine Co (GHGT), which was first announced in June 2023 at an undisclosed price.
A low-savings retirement is one in which you don't have enough money in your portfolio to generate a comfortable retirement income. For example, let's say that you're 65 and have $120,000 in a retirement portfolio. We'll assume that this money is in a pre-tax 401(k). This won't generate a livable income on its own. That doesn't […] The post Am I Too Late? I’m 65 and Only Have $120k Saved for Retirement appeared first on SmartReads by SmartAsset.