Author: IA PressRoom

© Reuters Investing.com — Stocks in focus in premarket trade on Monday, June 5th. Please refresh for updates. Apple (NASDAQ:) stock rose 0.8%, with the tech giant expected to unveil a new “mixed reality” headset at its developer conference in California, some new hardware that has been seven years in the making. Target (NYSE:) stock fell 0.7% after KeyBanc downgraded its stance on the retailer to ‘sector weight’ from ‘overweight’, citing increasing consumer headwinds over the next 12-18 months. ExxonMobil (NYSE:) stock rose 1.5% and Chevron (NYSE:) stock climbed 1.3% with these oil majors benefiting from the jump in the…

© Reuters. FILE PHOTO: A combine harvests wheat in a field near the village of Zghurivka, amid Russia’s attack on Ukraine, in Kyiv region, Ukraine August 9, 2022. REUTERS/Viacheslav Musiienko/File Photo (Reuters) – Russia’s foreign ministry said on Monday that it saw no prospects for extending the Black Sea grain export deal, which is set to expire in mid-July, Russian news agencies reported. TASS news agency quoted the ministry as saying that it was continuing consultations with the United Nations, and that ship inspections had resumed. RIA news agency said a new round of Russia-U.N. talks would take place in…

A new nonprofit launching Monday intends to push back against the “Abolish ICE” movement and what it says is the “vilification” of Immigration and Customs Enforcement’s (ICE) mission and its agents in recent years – while pushing for stricter interior immigration enforcement and the end of “sanctuary” cities.The National Immigration Center for Enforcement – or NICE – intends to advocate for the embattled agency which, after receiving a boost under the Trump administration, has seen its mission narrow significantly under President Biden amid continual attacks from activists who want to scrap the agency altogether. The Biden Department of Homeland Security sought to…

Tesla Inc. has issued a voluntary safety recall of certain Model Y electric vehicles, due to risks of loss of steering control. The Texas-based EV maker said the recall affects 137 Model Y vehicles from model years 2022 and 2023. “A loose fastener may allow the steering wheel to disconnect from the steering column, which can cause a loss of steering control and increase the risk of a crash,” the National Highway Traffic Safety Administration said in its recall acknowledgment letter. Tesla’s stock TSLA, +3.11% rose 0.9% in premarket trading Monday, putting it on track for a seventh-straight gain. That…

Property billionaire Jeff Greene has sounded the alarm on commercial real estate. Offices will be hit hard if recession strikes and AI eliminates some white-collar jobs, he said. Greene pocketed about $800 million by predicting and betting against the mid-2000s housing bubble. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A real estate billionaire who made a fortune shorting the mid-2000s housing bubble is bracing for another painful downturn.”We are heading into a very frightening time in the entire real estate industry,” Jeff Greene…

© Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 30, 2023. REUTERS/Brendan McDermid (Reuters) – Wall Street futures were subdued on Monday after a solid rally last week, as investors weighed the possibility of a pause in interest rate hikes by the Federal Reserve at its upcoming policy meeting. U.S. stocks rallied on Friday after a labor market report showing moderating wage growth in May indicated the U.S. central bank may skip a rate hike next week, while investors welcomed a Washington deal that avoided a catastrophic debt default.…

© Reuters. FILE PHOTO: Visitors wearing face masks check a China-made Tesla Model Y sport utility vehicle (SUV) at the electric vehicle maker’s showroom in Beijing, China January 5, 2021. REUTERS/Tingshu Wang By Qiaoyi Li and Brenda Goh BEIJING (Reuters) – U.S. automaker Tesla (NASDAQ:) Inc delivered 77,695 China-made electric vehicles (EVs) in May, a 2.4% jump from April, data from the China Passenger Car Association (CPCA) showed on Monday. On a yearly basis, sales rose 142% in May from 32,165 vehicles in the same month of 2022 when Shanghai, where its factory is located, was still subject to COVID-19…

© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 22, 2023. REUTERS/Brendan McDermid A look at the day ahead in U.S. and global markets from Mike Dolan World markets retained a warm afterglow from Friday’s shining U.S. employment reading, with only minor gains in prices on Saudi Arabia’s output cut clouding the picture. A forecast-busting May payrolls gain, coupled with signs of cooling wage growth, provided investors with a “soft landing” economic narrative that complemented relief over last week’s government debt ceiling resolution. With the Federal Reserve…

Source / Wall Street MemesMonday June 5th 2023 – Hotly anticipated meme coin Wall Street Memes ($WSM) has raised $4m from buyers in the space of just 10 days. As of the time of writing $4,057,875 has been raised in the ongoing presale.Currently priced at $0.0271, the next price step – Stage 9 – kicks in when the raise total reaches $4,168,000, at which point the price shifts up to $0.0274. There is no time to lose to buy at the lowest available price – there’s only $100k left to raise in the current Stage 8, which will sell out imminently. 1…

When the pandemic shut down schools across the country, the federal government responded with billions of dollars to help districts support remote learning, serve free meals to students and safely reopen schools.In 2021, the Biden administration gave districts another $122 billion through its $1.9 trillion stimulus package, an amount that far surpassed previous rounds. Districts were required to spend at least 20 percent of those funds on helping students recover academically, while the rest could be used on general efforts to respond to the pandemic.Yet, while most schools have since deployed various forms of interventions and some have spent more…