Author: News Room

If you’ve been reading this column for a while, you’ll know how obsessed I am with the idea of regime changes and their wider ramifications. We are all having to learn to operate in new markets with new rules. That can bring opportunities as well as challenges. I was interested by a forthcoming piece of research by my colleague James Houlden and the Undervalued Asset team. In it, they outline a strategy for identifying potentially undervalued companies. There has been a lot of focus in this brave new inflationary world on the short-term margin impact that higher prices will have…

Gazing at the moon, you may see a face or a round of cheese, but some astronomers see the ideal spot for their next giant telescope.They’re already drafting blueprints and making proposals — some with cash from an interested NASA.One moonshot plan would build a giant radio dish spanning an entire crater on the far side of the moon.Another involves a giant triangle of lasers to detect ripples in space-time and trace them to distant collisions of black holes and massive dead stars.Yet another proposal would use SpaceX’s Starship to build a lunar base-hotel-telescope hybrid featuring a mega-observatory stronger than…

Consumer Price Index data for February is expected to show relatively high monthly inflation on nowcast estimates compared to recent data. If this forecast holds, that would be similar to January, where inflation sees a relatively high monthly increase, but stays close to 3% in terms of the annual inflation rate. When Is The February CPI Report? The U.S. Bureau of Labor Statistics will release CPI data for the month of February 2024 on Tuesday, March 12 at 8:30 a.m. ET. This will come roughly a week ahead of the U.S. Federal Reserve’s next scheduled meeting on March 20. Nowcast…

A judge issued a disqualification ruling in Trump’s Fulton County election-interference case.The county’s DA, Fani Willis, dated the man she hired as a special prosecutor to oversee the case.A lawyer for Mike Roman, a Trump codefendant, argued she benefited from his hiring. A Georgia judge ruled Friday morning that District Attorney Fani Willis of Fulton County can continue to oversee former President Donald Trump’s historic state election-interference case — but only if her top prosecutor steps aside.The prosecutor, Atlanta-based attorney Nathan Wade, announced his resignation hours later.”Although the court found that ‘the defendants failed to meet their burden of proving that…

The judge overseeing Donald Trump’s criminal hush money trial in Manhattan has agreed to delay its start, injecting more uncertainty into the legal calendar for the former president. The trial had been scheduled to begin on March 25. A new trial date is yet to be determined, but is not likely before mid-April. The announcement follows a contentious back-and-forth between the Manhattan district attorney’s office and the Trump legal team over the production of tens of thousands of documents turned over this month by the Department of Justice. A March 25 hearing will address the events specifically surrounding the documents…

Bernadette Corbeil was never one of those shopping mall girls. She was the only girl in shop class. “I just enjoyed working with my hands and building things,” she told CNN, noting how she learned to weld at the age of 10. Corbeil has since parlayed that early love and those skills into a nearly decade-long career in construction. Most of those years were spent working for someone else’s firm, but that all changed last year when she founded Artemis Construction Group, a Wildwood, Missouri-based roofing and construction firm. Now, she’s the boss. And, she’s not alone: Women entrepreneurship has…

Cardi B’s long-awaited sophomore album is on its way, and the Grammy-winning rapper has been teasing her comeback for some time now. Earlier this month, she signaled she was ready to hit the ground running with her “Like What” freestyle, and now she’s seemingly on the doorstep of her next era with the new single “Enough (Miami).” The Bronx-bred rapper’s braggadocio is on full display throughout the track. “Opps linkin’ up, I’m like, ‘What in the f**k?’ / If you scared then just say that, h*e, enough is enough / They was just in my DMs, ain’t no trustin’ these…

Calls for a wealth tax on the world’s super-rich are once again gaining attention after U.S. President Joe Biden said he would impose a new “billionaire tax” on the country’s wealthiest if reelected in November.Outlining his 2025 budget proposals on Monday, Biden took aim at the uber-affluent and reiterated plans for a 25% tax on Americans with a wealth of more than $100 million.”No billionaire should pay a lower tax rate than a teacher, a sanitation worker, a nurse,” he said last week, during his State of the Union address.The plans, previously outlined in the president’s 2024 budget, reignited a decades-old…

There are no surprises over who will win Russia’s presidential election this coming weekend with incumbent, Vladimir Putin, set to win a fifth term in office, keeping him in power until at least 2030.The heavily stage-managed vote taking place from Friday to Sunday is not expected to throw up any nasty surprises for the Kremlin which told CNBC months ago that it was confident Putin would win the vote comfortably.That’s particularly the case in a country where Russian opposition figures are not represented on the ballot paper or in mainstream politics, with most activists having fled the country. Those that…

The US Dollar locks in gains for this week after hotter-than-expected US CPI and PPI figures. Traders are pushing the initial Fed rate cut towards September. The US Dollar Index trades at a crucial pivotal level that could unlock 104.00. The US Dollar (USD) trades in the green on Friday after markets got shaken on Thursday after a badge of US economic data suggested inflation pressures are far from over. A textbook panic attack took place in markets, with risk assets such as equities and Bitcoin selling off, yields jumping higher with bonds being sold and the US Dollar strengthening against…