Author: IA PressRoom

As plans for a money-spinning European Super League were torpedoed by enraged fans in April 2021, the American owners of Manchester United broke the silence that had become a feature of their almost two decades in charge.“Our silence wrongly created the impression that we don’t care, that we aren’t football fans, that we only care about our commercial interests and money,” Joel Glazer, one of six siblings who together control one of football’s most famous clubs, told a fans forum. “And I can assure you, nothing could be further from the truth.”Now the football world is again waiting on the…

© Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 3, 2023. REUTERS/Brendan McDermid (Reuters) – Wall Street’s main indexes opened higher on Friday as signs of easing price pressures and slowing economic growth raised hopes the Federal Reserve could end its monetary tightening campaign soon. The rose 55.96 points, or 0.16%, at the open to 34,464.02. The opened higher by 15.11 points, or 0.34%, at 4,440.95, while the advanced 76.25 points, or 0.55%, to 13,859.07 at the opening bell.

© Reuters. BranchOut Food (BOF) Prices 1.19M Share IPO at $6/sh BranchOut Food Inc. (BOF) today announced the pricing of its underwritten initial public offering of 1,190,000 shares of common stock at an initial public offering price of $6.00 per share. The gross proceeds from the offering, before underwriting discounts and commissions and estimated offering expenses payable by the Company, are expected to be approximately $7,140,000. In addition, the Company has granted the underwriters a 45-day option to purchase up to 178,500 additional shares of common stock at the initial public offering price, less the underwriting discounts. The shares are…

4 stocks to watch on Friday: Adobe, Microsoft and more

The NewsThe U.S. Coast Guard has ended its antiterrorism patrols of the waters around Guantánamo Bay, Cuba, shutting down a special security operation that was rushed to the remote outpost after the Sept. 11 attacks.Crews in special fast boats equipped with M2 heavy machine guns patrolled the coast near the prison complex for 21 years as part of the detention operations on the base. Members of the Coast Guard also served as courtroom security guards at military commission hearings and staffed sandbagged seaside bunkers that the military called “battle positions.”The recent move is the latest reduction of the forces assigned…

CHINA – 2023/02/15: In this photo illustration, the American multinational medical devices and … [+] pharmaceutical company Johnson & Johnson (J&J) logo is seen displayed on a smartphone with an economic stock exchange index graph in the background. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images We believe that Caterpillar stock (NYSE: CAT) is a better pick than the pharmaceutical bellwether Johnson & Johnson stock (NYSE: JNJ), given its better prospects. Although these companies are from different sectors, we compare them because they have a similar P/EBIT ratio of 15x-17x. The decision to invest often…

Carmine Di Sibio, global chief executive of EY, announced his retirement this week after the failure of his effort to split the accounting and consulting firm in two. “We challenged the status quo, we asked tough questions and we were bold in our ambitions,” he declared. That’s one way of putting it; another is that it was a fiasco.Di Sibio’s attempt to free EY’s enormous consulting business from being lashed to accounting was blocked by its rebellious US partners. It is not the only recent setback for consultants. Big firms including EY and Accenture are cutting jobs, and surveys have…

© Reuters. European Central Bank (ECB) governing council member Mario Centeno speaks during an interview with Reuters, in Lisbon, Portugal, March 15, 2021. REUTERS/Pedro Nunes/File Photo By Sergio Goncalves LISBON (Reuters) -Declines in the international market prices of raw materials, energy and foods will need to start making their mark on consumer goods or interest rates will have to be raised further, ECB Governing Council member Mario Centeno said on Friday. “The overwhelming majority of inflationary shocks, if not all, have now reversed,” he told a news conference in Lisbon, adding that the full effects of the reversal had yet…

© Reuters. US stocks experiencing strongest momentum since October ’22, says BofA’s Hartnett BofA analysts told investors in their flow show note Friday that U.S. stocks momentum is at its strongest since October 2022. Analysts revealed that individual investor sentiment is at 19-month highs, “melting up with frothy stocks as investors chase the bull.” “We have missed surge in stocks but capitulation likely complete before July 20-30th FOMC/BoJ/ECB + Q2 EPS,” the analysts wrote. “Upside risk = China stimulus, downside risk BoJ tightens & hawkish Fed-speak.” They said $22.3 billion went into stocks last week, with $6.7B to bonds, $0.5B…

Source: Adobe StockBitcoin’s share of the overall crypto market capitalization, the so-called Bitcoin dominance, is close to reaching a two-year high amid a regulatory crackdown on altcoins and crypto companies in the US.As of Friday at press time, the Bitcoin dominance stood at 47.8%, just below a short-lived peak from July of 2021 that reached 48.2%.Excluding the July 2021 spike, Bitcoin’s dominance over the crypto market has not been stronger since May the same year when BTC sold off heavily after reaching its first peak in the 2021 bull-run.The Bitcoin dominance since January 2021. Source: CoinMarketCapThe steady rise in dominance…