Legrand (LR.PA), the global specialist in electrical and digital building infrastructures, reported a decrease in sales for the first quarter of 2024, aligning with market expectations due to a slowdown in the building sector. Despite the sales dip, the company maintained good margin resilience and confirmed its full-year targets, including…

In a significant stride toward the fusion of decentralized digital realms, Yuga Labs has joined forces with Somnia, a trailblazer in blockchain innovation, to amplify the capabilities within the metaverse sphere. This collaboration marks a pivotal junction in the trajectory of Web3, pointing toward a more interconnected and fluid virtual…

Star Wars fans are celebrating May The 4th Be With You on Saturday, the unofficial holiday for franchise creator George Lucas’ sprawling, blockbuster space opera. Of course, the official Star Wars saga didn’t kick off on May 4, 1977, but 21 days later on May 25. Since that point, Lucas…

The US economy looks to have steered clear of danger after the specter of stagflation spooked markets and put analysts on edge in recent weeks.The key development was the April jobs report on Friday, which showed 175,000 positions were added last month, coming in well below the consensus forecast of…

POLITICS

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The creation of 175,000 jobs in April by US employers has been termed a “Goldilocks” report by leading economists: Creating enough jobs to keep the labor market humming along healthily, but slowing down enough to signal it might be time for the Federal Reserve to begin cutting interest rates. Within the walls of the White House, it was seen the same way, stoking relief among officials, who said the data hewed near the team’s own targets for ideal job creation. “We’re very close to that,” one official told CNN, requesting anonymity to describe private deliberations. The US economy has consistently…

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Investing

Former President Donald Trump hit the jackpot this spring when his social media company finally went public. Even though Trump Media & Technology Group (DJT) generates very little revenue, investors are assigning an eye-popping valuation north of $9 billion to the company. Trump’s dominant stake in Trump Media is now…