Growth stocks have seen better days. Rising inflation and the Federal Reserve's response have caused investors to shun these investments. However, that could be an opportunity for long-term investors to scoop up excellent stocks like Shopify (NYSE: SHOP) at lower prices.
The G7 group of nations are looking to use nearly $300 billion worth of Russian financial assets frozen by sanctions since 2022 to help support Ukraine, but how it will be done remains highly complex given it would set a controversial precedent. Washington continues to back the idea of seizing the immobilised Russian reserves in their entirety and handing them to Ukraine. Some top lawyers argue it can be done under a doctrine of international law known as "countermeasures".
MONTREAL — Metro Inc. reported its second-quarter profit fell compared with a year ago as its sales edged higher. The food and drugstore retailer says it earned $187.1 million or 83 cents per diluted for the 12-week period ended March 16. The result was down from a profit $218.8 million or 93 cents per diluted share a year earlier. Sales in the quarter totalled $4.66 billion, up from $4.55 billion in the same quarter last year. Metro says food same-store sales were up 0.2 per cent in the quarter
The royals' Highland abode, Balmoral, has been the site of much strife over the years, with King Charles, Princess Anne, Queen Camilla and Zara Tindall injured on the estate
Tech giant Cisco Systems on Wednesday joined Microsoft and IBM in signing onto a Vatican-sponsored pledge to ensure artificial intelligence is developed and used ethically and to benefit the common good. Cisco Systems chief executive Chuck Robbins signed the document, known as the Rome Call, and met privately with Pope Francis, the Vatican said. The document was unveiled and signed at a Vatican conference on Feb. 28, 2020 — just before Italy locked down as a result of the COVID-19 pandemic — by Microsoft’s Brad Smith and IBM’s John Kelly III. Universities, U.N. agencies, private corporations and nongovernmental organizations have signed on as well.
Four people have been taken to hospital after being injured by runaway military horses as they tore through central London pursued by police, smashing into cars, taxis and a tourist bus.
The European Parliament gave its consent on Wednesday for the EU to exit the energy charter treaty, an international agreement protecting energy investments, over concerns that it undermines efforts to fight climate change. The 1998 Energy Charter Treaty allows energy companies to sue governments over policies that damage their investments. The European Union wants to leave the treaty, which it says is an obstacle to fighting climate change and shifting to clean energy.
Feyenoord will demand significant compensation for the man who guided the Dutch club to their first title in six years.
Tesla earnings tumbled below lowered expectations. Tesla stock jumped late as the EV giant signaled an affordable EV is still it its plans. Elon Musk looms.
The European Parliament voted on Wednesday for a new law that will require larger companies operating in the bloc to check if their supply chains use forced labour or cause environmental damage and act to take action if they do. The directive places new requirements on companies to fully audit "upstream" partners in design or manufacture, and "downstream" partners who transport, store and distribute products. Business groups have complained that it introduces multiple new layers of regulatory burden, with potentially harsh sanctions, places European companies at a disadvantage compared to competitors and discourages investment in Europe.
Tesla's surge is putting Big Tech earnings center stage as investors look to megacaps to lift stocks.
Britain's competition watchdog said on Wednesday it was seeking comments on the AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic. The Competition and Markets Authority said it was also seeking comments on Microsoft's hiring of former employees of Inflection AI and related arrangements. "The CMA is also considering feedback received earlier this year on Microsoft's partnership with OpenAI and is currently waiting for information it has requested from the firms," it said.
England have seen their forthcoming selection for the T20 World Cup complicated by a back injury to Jamie Overton
Guardian-commissioned portrait of abolitionist Sarah Parker Remond among works competing for £25,000 prize
BERLIN (AP) — Germany's Cabinet on Wednesday approved a 4.57% rise in retirees' pensions from this summer, well above the current rate of inflation. Rises in German pensions are linked largely to wage developments. Although inflation has subsided over the past year, the outcome of recent salary negotiations in various sectors has reflected demands for hefty pay rises following a big increase in living costs. The increase will take effect on July 1, the first time since 2000 that pensions in Euro
Peter the chimp was transferred from a zoo in Leicestershire.
An investigation is ongoing after two men were arrested.
A rally attempt is underway. Tesla and AI play Vertiv were big earnings winners. Meta and ServiceNow loom tonight.
The government says it will fund the scheme estimated to cost £4m when priced up in 2020.
Syed Hussain-Kazi stabbed University of Hull student Sachin Hawkins, 19, at a shared house in Hull.
The drama erupted after a serviceman was thrown from his horse in Buckingham Palace Road on Wednesday.
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