Author: News Room

BEIJING (Reuters) -China’s industrial firms posted higher profits in the opening months of the year, official data showed on Wednesday, suggesting an economic recovery was gaining momentum despite persistent sluggishness in the property sector. Profits at China’s industrial firms jumped 10.2% in the first two months from the same period last year, following a 2.3% profit decline for the whole of 2023, National Bureau of Statistics (NBS) data showed. A slew of upbeat economic indicators in January-February was tempered by the persistent fragility in the property market, pointing to a divergence in the post-pandemic economic recovery. Earlier in March, Chinese…

By Kanishka Singh WASHINGTON (Reuters) – NBC News on Tuesday reversed its decision to hire former Republican National Committee Chair Ronna McDaniel as a paid contributor, a senior official in the company told staff following high-profile dissent over her hiring by many at the network. McDaniel’s hiring was criticized by multiple news anchors and on-air personalities, including those at NBC’s liberal-leaning affiliate MSNBC, who condemned the former RNC chair for her involvement in former President Donald Trump’s attempts to overturn the results of the 2020 election. “After listening to the legitimate concerns of many of you, I have decided that…

ASX 200 Index follows the top performing Health Care and Consumer Staples sectors. Wall Street experienced losses across all three US benchmarks due to profit booking and market revaluations. Barton Gold has initiated a $4 million capital-raising effort to progress its Tunkillia and Tarcoola projects. The ASX 200 Index edges higher to near 7,800 on Wednesday, retracing its recent losses from the previous session. The Health Care and Consumer Staples sectors were the top performers, with notable gains seen in Aft Pharmaceuticals, Botanix Pharmaceuticals, Skin Elements, and Wingara AG. However, Australian shares experienced a slip at the open, mirroring modest…

The XRP price chart is delivering a worrying signal. The volume, which tells us how much XRP is being traded, is going down rapidly, while the price of the asset is ascending. Unfortunately, it is one of the worst signs for an asset in an uptrend. High trading volume usually means a lot of people are interested in a cryptocurrency. It can make the price move up or down more strongly. Low volume implicates that not as many people are willing to trade. On the chart, we see that even though the price of XRP is trying to move up,…

RFK Jr. announces Nicole Shanahan as running mate Independent presidential candidate Robert F. Kennedy Jr. formally announced attorney and tech entrepreneur Nicole Shanahan as his running mate at a rally in Oakland, California.

With a few minutes to go in Iowa’s game against West Virginia the score was tied and the outcome was in doubt. For a moment it looked as if Iowa had lost its momentum, Caitlin Clark was losing her cool, and that the Hawkeye’s could be eliminated from the tournament. For the first time I started to imagine the unimaginable—that the Caitlin Clark run would be over. I imagined that Clark’s attempt to lay claim to her first national title with a huge audience watching and rooting for her would come to an end and with it the massive amount…

While the target of the raid has not yet been identified and Combs has not been arrested as of Tuesday, it was the latest and most serious event in ongoing legal troubles facing the music mogul, who is best known as Diddy. Over the past five months, sexual assault and misconduct allegations have piled up against him.In November, an ex-girlfriend of Combs’, Casandra Ventura, filed a lawsuit accusing him of sexual assault and abuse during the 10 years they dated. Combs denied the allegations and Ventura, known as Cassie, settled with Combs a day after she filed the lawsuit. Still,…

Independent presidential candidate RFK Jr. named Nicole Shanahan as his running mate.A California-based attorney, Shanahan founded a patent tech company before focusing on more philanthropic ventures.She was previously married to Google cofounder Sergey Brin. Independent presidential candidate Robert F. Kennedy Jr. has named attorney Nicole Shanahan his pick for VP.Shanahan has donated thousands of dollars to Democratic candidates since 2018, including Pete Buttigieg, Marianne Williamson, Ro Khanna, and AOC’s 2020 primary challenger. This year, however, she was the primary funder of a controversial Super Bowl ad promoting RFK Jr.Shanahan — who made headlines after the Wall Street Journal reported in…

GENEVA (Reuters) -China has initiated dispute settlement proceedings against the United States at the World Trade Organization to safeguard its interests in the electric vehicle industry, the Chinese mission said on Tuesday and the WTO confirmed. China said it was contesting “discriminatory subsidies” under the U.S. Inflation Reduction Act (IRA) that it said resulted in the exclusion of goods from China and other WTO countries. The wide-ranging law provides billions of dollars in tax credits to help consumers buy electric vehicles and companies produce renewable energy, as President Joe Biden aims to decarbonise the mighty U.S. power sector. “Under the…

Cathie Wood’s ARK ETFs have published their daily trades for Tuesday, March 26th, 2024, showcasing a series of strategic adjustments across various sectors. The most significant acquisition for the day was in the biotech sphere, with ARK’s ARKK ETF purchasing 72,800 shares of Moderna Inc (NASDAQ:), amounting to a total dollar value of $8,035,663. This move underscores ARK’s confidence in the biotech firm, known for its mRNA technology platform and COVID-19 vaccine. Another notable transaction involved AeroVironment Inc (NASDAQ:), a company specializing in unmanned aerial vehicles. ARK’s ETFs ARKQ and ARKX collectively bought 38,036 shares, reflecting a total investment of…