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Fed officials say tapering could still get started this year

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 By Jonnelle Marte (Reuters) -Two Federal Reserve officials said on Wednesday that the U.S. central bank could start trimming its massive asset purchases this year despite the slowdown in jobs growth seen in August. “The big picture is that the taper will get going this year and will end sometime by the […]

Filed Under: News

Soccer – Italy return to winning ways as young guns demolish Lithuania

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 ROME (Reuters) – Italy recorded their first win since being crowned European champions in July as young strikers Moise Kean and Giacomo Raspadori inspired a 5-0 win over Lithuania to strengthen the Azzurri’s grip on first place in Group C. The two 21-year-olds lit up the first half as Kean netted twice […]

Filed Under: News

Soccer-Sane inspires Germany to big win over Iceland

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 REYKJAVIK (Reuters) -Winger Leroy Sane scored one goal and made another as Germany made it three wins in a row with a resounding 4-0 victory over Iceland in World Cup qualifying Group J on Wednesday. The Germans took the lead in the fifth minute when Sane played in Serge Gnabry to score, […]

Filed Under: News

Soccer – Praet scores for Belgium in a narrow win over Belarus

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 KAZAN, Russia (Reuters) – Dennis Praet’s first-half goal secured a narrow 1-0 away win for Belgium over Belarus in Kazan on Wednesday to move them closer to World Cup qualification. The midfielder’s 33rd-minute strike maintained Belgium’s unbeaten run in Group E as they advanced to 16 points, nine points ahead of the […]

Filed Under: News

Mexico cuts Pemex’s tax burden, forecasts 4.1% growth for 2022

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 By Anthony Esposito and Stefanie Eschenbacher MEXICO CITY (Reuters) -Mexico’s government on Wednesday proposed sharply reducing the tax burden for state oil firm Petroleos Mexicanos and forecast economic growth of 4.1% for 2022, as Latin America’s second largest economy continues to recover from a COVID-19-induced slump. The finance ministry’s 2022 draft budget, […]

Filed Under: News

Reid Hoffman’s latest book gives us 10 ways to rethink entrepreneurship

September 8, 2021 by David Barret Leave a Comment

When you’re in the mood for a pep talk, who better to turn to than a well-networked, optimistic mentor who is naturally in your corner? That friendly shoulder is the role that “Masters of Scale” wants to play. Inspired by LinkedIn co-founder and Greylock partner Reid Hoffman’s hit podcast, the new book, co-authored by Hoffman […]

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Tennis – Zverev eases past Harris into U.S. Open semi-finals

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 By Steve Keating NEW YORK (Reuters) – Fourth seed Alexander Zverev extended his winning streak to 16 matches by easing past South African Lloyd Harris 7-6(6) 6-3 6-4 and into the semi-finals of the U.S. Open on Wednesday where the German looms large as a potential roadblock to Novak Djokovic’s bid for […]

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Tennis – Serena not on entry list for Indian Wells, Osaka currently in

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 (Reuters) – Serena Williams, who sat out the U.S. Open due to a torn hamstring, was not on the entry list released on Wednesday for next month’s BNP Paribas Open in Indian Wells while Naomi Osaka was one of five former champions entered in the women’s draw. While four-times Grand Slam champion […]

Filed Under: News

Analog Devices expects Maxim deal earnings boost to kick in earlier

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 (Reuters) – U.S. semiconductor maker Analog Devices Inc said on Wednesday its takeover of Maxim Integrated Products is now expected to add to adjusted earnings twelve months after closing. The current timeline is six months ahead of Analog’s initial forecast, and the company expects the deal to be neutral to adjusted earnings […]

Filed Under: News

Lululemon raises full-year forecast betting on strong athleisure demand

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 (Reuters) – Lululemon Athletica Inc raised its full-year forecast on Wednesday, after beating revenue estimates on strong demand for its comfortable leggings and sports bras, sending the apparel maker’s shares up 9%. Sportswear makers saw strong demand over the past year as people worked out at home during the COVID-19 pandemic, spurring […]

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GameStop beats second-quarter revenue estimates as shoppers return to stores

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 BOSTON (Reuters) – GameStop Corp, the videogame retailer at the center of this year’s “meme stock” trading frenzy, beat analysts’ estimates for quarterly revenue on Wednesday, as vaccinations encouraged people to return to its stores. Net sales rose to $1.18 billion in the second quarter ended July 31 from $942 million a […]

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Chinese businessman gets 2 years in prison for exporting U.S. marine tech to China

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 By Nate Raymond BOSTON (Reuters) – A Chinese businessman was sentenced on Wednesday to two years in prison after admitting that he illegally exported marine technology with uses in anti-submarine warfare from the United States for the benefit of a Chinese military university. Shuren Qin, who founded a company that sold oceanographic […]

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Tennis – Raducanu surprises herself with U.S. Open run

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 By Amy Tennery NEW YORK (Reuters) – No one is more surprised than Emma Raducanu herself. The British teenager became the first qualifier to reach the U.S. Open semi-finals by beating Olympic champion Belinda Bencic in straight sets on Wednesday. “I didn’t expect to be here at all,” Raducanu told reporters. “I […]

Filed Under: News

France’s Sanofi to buy U.S. biopharma firm Kadmon in $1.9 billion deal

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 PARIS (Reuters) -French drugmaker Sanofi said on Wednesday it would buy U.S. biopharmaceutical company Kadmon Holdings for 1.9 billion dollars, one month after announcing the purchase of another US biotech, Translate Bio, for $3.2 billion. Sanofi said it has offered $9.50 per share in cash for Kadmon, representing a total equity value […]

Filed Under: News

U.S. banking regulator proposes removal of updated fair lending regulations

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 By Pete Schroeder WASHINGTON (Reuters) – The U.S. Office of the Comptroller of the Currency on Wednesday proposed rescinding recently updated fair lending rules, as the agency begins work on drafting a new, unified regulation with other bank watchdogs. Under the proposal, the OCC would go back to the previous 1995 regulations […]

Filed Under: News

Biden administration plans tougher action to rein in meat prices

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 By Trevor Hunnicutt WASHINGTON (Reuters) -The Biden administration plans to take a tougher stance toward meatpacking companies it says are causing sticker shock at grocery stores. Four companies control much of the U.S. meat processing market, and top aides to President Joe Biden blamed those companies for rising food prices in a […]

Filed Under: News

North Korea appears to stage night-time military parade -media

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 SEOUL (Reuters) -North Korea appears to have staged a night-time military parade of a type it has used in the past to unveil new military hardware including large ballistic missiles, South Korean and other media focused on the country reported on Thursday. South Korea’s Yonhap news agency said the parade appeared to […]

Filed Under: News

Analysis-Bolsonaro rallies base but turns off allies and markets

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 By Anthony Boadle BRASILIA (Reuters) – Far-right President Jair Bolsonaro filled wide avenues in Brazil’s biggest cities with his supporters on Tuesday, but the depth of their fervor did little to help his narrowing appeal. While his attacks on the Supreme Court and election integrity may keep his core base activated – […]

Filed Under: News

Fintech is transforming the world’s oldest asset class: Farmland

September 8, 2021 by David Barret Leave a Comment

Artem Milinchuk Contributor Share on Twitter Artem Milinchuk is the founder and CEO of FarmTogether, a fintech platform channeling funding into natural assets, starting with U.S. farmland. Farmland as an asset class has proven itself to be a stable investment decade after decade. Farmland’s negative correlation with the Dow Jones Industrial Average sits at an […]

Filed Under: News

Exclusive-Britain no longer in top 10 for trade with Germany as Brexit bites

September 8, 2021 by David Barret Leave a Comment

September 8, 2021 By Michael Nienaber and Rene Wagner BERLIN (Reuters) -Britain is on course to lose its status as one of Germany’s top 10 trading partners this year for the first time since 1950, as Brexit-related trade barriers drive firms in Europe’s largest economy to look for business elsewhere. Britain left the European Union’s […]

Filed Under: News

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