Author: IA PressRoom

U.S. stock futures started June on a muted noted as investors eyed looming jobs data.How are stock-index futures trading On Wednesday, the Dow Jones Industrial Average DJIA fell 135 points, or 0.41%, to 32908, the S&P 500 SPX declined 26 points, or 0.61%, to 4180, and the Nasdaq Composite COMP dropped 82 points, or 0.63%, to 12935.What’s driving markets Stocks…

Dr Martens has warned that its profit margins will fall this year as it invests in infrastructure to solve operational problems and boost future growth. The bootmaker has faced a series of marketing and distribution issues in the US over the past year. On Thursday it revealed that the problems had driven pre-tax profits down by a quarter to £159mn, and warned that there would be more pain to come. “The operational issues . . . have demonstrated that continuing to invest in our infrastructure and capabilities to support our increasing scale and underpin our long-term growth is the right thing to do,” the…

© Reuters. FILE PHOTO: A lanyard showing logos of Southeast Asian e-commerce and gaming group Sea Ltd is pictured at its office in Singapore, March 5, 2021. REUTERS/Edgar Su By Kane Wu and Fanny Potkin HONG KONG/SINGAPORE (Reuters) – Southeast Asian e-commerce and gaming giant Sea Ltd is winding down its investment arm, two people with knowledge of the matter said, amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations. The arm, Sea Capital, stopped new equity investing in 2022 with leadership moving on in May, while Sea itself is placing less priority on investing…

© Reuters. FILE PHOTO: The logo of Credit Suisse is pictured on a building in Zurich, Switzerland, April 4, 2023. REUTERS/Pierre Albouy ZURICH (Reuters) – Credit Suisse has repaid the liquidity it borrowed from a 100 billion Swiss franc ($112.50 billion) lifeline backed by government guarantees, Swiss Finance Minister Karin Keller-Sutter said in an interview published on Wednesday. “The federal guarantees, the 100 billion, have been repaid as of yesterday (Tuesday),” Keller-Sutter told Swiss broadcaster SRF. As part of its state-orchestrated rescue and takeover by rival bank UBS, Credit Suisse was given access to over 200 billion francs in liquidity…

Bitcoin’s recent price movement has dived to the $27,000 level, sparking concerns among traders and investors. As the market sentiment shifts, all eyes are now on a crucial support level at $26,600. The cryptocurrency’s ability to hold this support level will determine its next move and could potentially set the tone for the near-term price action. In this Bitcoin price prediction, we delve into the factors influencing the market and analyze the significance of the $26,600 support level.EU Officials Enact MiCA Framework into LawThe European Union (EU) has officially signed into law a bill known as the Markets in Crypto-Assets (MiCA) framework. Introduced…

© Reuters Investing.com – The U.S. dollar stabilized in early European trading Thursday near a two-month high as traders digested progress in the U.S. debt ceiling bill, comments from a number of Fed speakers, and Chinese manufacturing activity data. At 03:55 ET (07:55 GMT), the , which tracks the greenback against a basket of six other currencies, traded largely flat at 104.240, just below an over two-month high hit in the previous session. Risk sentiment received a boost earlier Thursday after a private survey showed that China’s grew more than expected in May, offering hope of a recovery in the…

The Biden administration on Wednesday announced $300 million in military aid for Ukraine, the latest package of weapons and other military equipment that the United States has been sending to Kyiv since the beginning of Russia’s invasion.The package includes additional ammunition for drones and long-range artillery. It also includes additional munitions for Patriot air defense systems as well as munitions for other air defense systems, including Stingers, Avengers and Aim-7 systems, the Pentagon said in a statement, as Kyiv gears up for its long-anticipated offensive to try to push Russian forces back and defend against aerial attacks from Moscow.The aid…

Skanska builds new residence and campus center for University in Boston worth $311M

© Reuters. FILE PHOTO: A view of the European Central Bank (ECB) headquarters in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace of interest rate hikes across major central banks showed little sign of slowing in May but the scale of the tightening tapered off, with growth woes and “sticky” inflation data prompting policymakers to tread more cautiously. All six of the central banks overseeing one of the 10 most heavily traded currencies and that met in May hiked rates. Central banks in Australia, New Zealand and Norway joined the…

© Reuters. Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China May 31, 2023. REUTERS/Tingshu Wang By Julie Zhu HONG KONG (Reuters) – Tesla (NASDAQ:) Inc CEO Elon Musk met with Chinese Vice Premier Ding Xuexiang on Wednesday afternoon in Beijing, a source familiar with the matter said. The source declined to provide details of the discussions. The previously unreported meeting followed meetings with China’s commerce and industry ministers earlier in the day and with the foreign minister on Tuesday. Tesla and the State Council Information Office, which handles media…