[ad_1] (Corrects paragraph 5 to remove extraneous ‘not’) By David Shepardson WASHINGTON (Reuters) – The U.S. Department of Justice asked the Supreme Court late on Friday to reject President-elect Donald Trump’s request to delay implementation of a law that would ban popular social media app TikTok or force its sale by Jan. 19. Last week, Trump filed a legal brief arguing he should have time after taking office on Jan. 20 to pursue a “political resolution” to the issue. The court is set to hear arguments in the case on Jan. 10. The law, passed in April, requires TikTok’s Chinese…
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[ad_1] With its riveting victory over France in the World Cup finals and the heroics of its all-time great team captain Lionel Messi, Argentina has good reason to celebrate. But as the post-World Cup glow subsides, the country faces significant and deep-seated economic and financial challenges. Inflation reached an annualized rate of 92.4% for the period ending 30 November 2022, placing added pressure on a population already hard hit by years of stagflation and anemic economic growth. Moreover, after three decades of deficit spending, concerns about the solvency of Argentina’s public debt remain ever present. Indeed, the current prices of…
[ad_1] By Curtis Williams HOUSTON (Reuters) – U.S. LNG exports reached near record levels in December, rising to 8.5 million metric tonnes (MT) as two new plants started, and driving up full-year shipments 4.5% over 2023, according preliminary data from financial firm LSEG. December’s output was just short of the record monthly export of 8.6 MT recorded in December 2023 and was 9% higher than the 7.75 MT exported in November, according to LSEG data. For the year, LNG exports hit 88.3 MT, up from 84.5 MT in 2023, ensuring the U.S. maintained its crown as the world’s largest LNG…
[ad_1] New York, New York–(Newsfile Corp. – January 3, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Customers Bancorp, Inc. (NYSE: NYSE:) between March 1, 2024 and August 8, 2024, both dates inclusive (the “Class Period”), of the January 31, 2025 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased Customers Bancorp securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To…
[ad_1] NEW YORK (AP) — Wall Street snapped out of its holiday-season funk on Friday. The S&P 500 rallied 1.3% for its first gain since Christmas and its best day in nearly two months. Strength for Big Tech stocks helped it break a five-day losing streak, its longest since April, and trim its loss for the week to 0.5%. The Dow Jones Industrial Average rose 339 points, or 0.8%, and the Nasdaq composite leaped 1.8%. Nvidia was the strongest force lifting the market after dashing 4.5% higher. Other companies caught up in the craze around artificial-intelligence technology also rose, despite…
[ad_1] (Reuters) – The Biden administration has informally notified the U.S. Congress of a proposed $8 billion arms sale to Israel that includes munitions for fighter jets and attack helicopters, Axios reported on Friday, citing two sources. The deal would need approval from House and Senate committees and includes artillery shells and air-to-air missiles for fighter jets to defend against threats such as drones, the report said. The State Department did not immediately respond to a request for comment. “The President has made clear Israel has a right to defend its citizens, consistent with international law and international humanitarian law,…
[ad_1] ‘Barron’s Roundtable’ panelists break down the Magnificent Seven and other stocks gaining traction. [ad_2] Source link
[ad_1] OMAHA, NE— Berkshire Hathaway Inc . (NYSE:), led by Warren E. Buffett, has increased its stake in Verisign Inc . (NASDAQ:) with a series of purchases totaling $4.1 million. The transactions, disclosed in a recent SEC filing, took place over several days, with shares acquired at prices ranging from $204.61 to $204.94 each. The internet infrastructure company, currently valued at $19.7 billion, trades near its 52-week high of $210.22 and appears slightly undervalued according to InvestingPro analysis. The purchases included 1,621 shares on December 31, 2024, at an average price of $204.83, followed by 5,879 shares on January 2,…
[ad_1] (Bloomberg) — The 20-year US bond is again tripping up traders in the repo market, where participants lend and borrow Treasuries. Most Read from Bloomberg Uncompleted trades — or fails — involving the 20-year Treasury exceeded $21 billion in the week ended Dec. 25, data released late Thursday by the Federal Reserve Bank of New York show. While short of the record high of $22.9 billion reached three months earlier, it was the second-highest amount in the history of the tenor, which the US reintroduced in 2020. The surge in fails is evidence of a shortage in the 20-year…
[ad_1] REDWOOD CITY, Calif.—Vijayanthimala Singh, Chief People Officer at Electronic Arts Inc . (NASDAQ:), a gaming giant with a market capitalization of $38.4 billion and strong financial health according to InvestingPro metrics, sold 1,000 shares of the company’s common stock on January 2, 2025. The shares were sold at a price of $147.57 each, amounting to a total transaction value of $147,570. This sale was conducted under a 10b5-1 trading plan established by Ms. Singh and the Singh-Force Family Trust in May 2024. Following the transaction, Ms. Singh holds 29,216 shares indirectly through the Singh-Force Family Trust, over which she…