The machinery of the US government is grinding to a halt. As a bitter political impasse over federal spending deepens in Washington, a partial government shutdown is set to begin next week, a self-inflicted crisis that will sideline hundreds of thousands of federal workers, halt a vast array of government services, and inject a potent
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The machinery of the US government is grinding to a halt. As a bitter political impasse over federal spending deepens in Washington, a partial government shutdown is set to begin next week, a self-inflicted crisis that will sideline hundreds of thousands of federal workers, halt a vast array of government services, and inject a potent
1.2KUS stocks retreated on Tuesday, giving up the gains from the previous session, as renewed trade tensions between Washington and Beijing weighed on sentiment. The Dow Jones Industrial Average fell 416 points, or 0.9%, while the S&P 500 slipped 1.1% and the Nasdaq Composite dropped 1.6%. The sell-off was led by the major artificial intelligence
US stocks retreated on Tuesday, giving up the gains from the previous session, as renewed trade tensions between Washington and Beijing weighed on sentiment. The Dow Jones Industrial Average fell 416 points, or 0.9%, while the S&P 500 slipped 1.1% and the Nasdaq Composite dropped 1.6%. The sell-off was led by the major artificial intelligence
1.2KMan Group (EMG.L) shares rose 2.6% on Friday to their highest level since early April, after the hedge fund reported a 22% increase in assets under management (AUM) to a record $213.9 billion for the year ended September 30. The outcome exceeded market expectations, as Jefferies analysts had predicted a more moderate gain to $201.7
Man Group (EMG.L) shares rose 2.6% on Friday to their highest level since early April, after the hedge fund reported a 22% increase in assets under management (AUM) to a record $213.9 billion for the year ended September 30. The outcome exceeded market expectations, as Jefferies analysts had predicted a more moderate gain to $201.7
1.2KHuawei Technologies Co. is preparing to step up its production of advanced artificial intelligence chips despite persistent US sanctions and manufacturing hurdles. The Shenzhen-based company, working with Semiconductor Manufacturing International Corp. (SMIC), aims to distribute as many as 1.6 million Ascend dies in 2026, up from about 1 million this year. The move marks an
Huawei Technologies Co. is preparing to step up its production of advanced artificial intelligence chips despite persistent US sanctions and manufacturing hurdles. The Shenzhen-based company, working with Semiconductor Manufacturing International Corp. (SMIC), aims to distribute as many as 1.6 million Ascend dies in 2026, up from about 1 million this year. The move marks an
1.2KNovo Nordisk said on Thursday it would acquire Akero Therapeutics for up to $5.2 billion in cash, marking a significant push into treatments for fatty liver disease as the Danish drugmaker seeks to broaden its pipeline beyond diabetes and obesity drugs. The deal sent Akero shares up by more than 17% in premarket trading, while
Novo Nordisk said on Thursday it would acquire Akero Therapeutics for up to $5.2 billion in cash, marking a significant push into treatments for fatty liver disease as the Danish drugmaker seeks to broaden its pipeline beyond diabetes and obesity drugs. The deal sent Akero shares up by more than 17% in premarket trading, while
1.2KAsian stocks ended mostly higher on Thursday, buoyed by gains in chipmaking and technology shares amid renewed optimism around artificial intelligence. Dovish signals from the US Federal Reserve’s September meeting further bolstered sentiment, raising expectations of additional rate cuts ahead of Chair Jerome Powell’s address later in the day. China, Hong Kong stocks rebound Chinese
Asian stocks ended mostly higher on Thursday, buoyed by gains in chipmaking and technology shares amid renewed optimism around artificial intelligence. Dovish signals from the US Federal Reserve’s September meeting further bolstered sentiment, raising expectations of additional rate cuts ahead of Chair Jerome Powell’s address later in the day. China, Hong Kong stocks rebound Chinese
1.2KMembers of the conservative House Freedom Caucus, led by GOP Conference Chair Lisa McClain, R-Mich., held a press conference on Wednesday afternoon, making the argument that Republicans have a winning hand when it comes to messaging over the government shutdown — even as the stalemate drags on into a 15th day. To the group’s chair,
Members of the conservative House Freedom Caucus, led by GOP Conference Chair Lisa McClain, R-Mich., held a press conference on Wednesday afternoon, making the argument that Republicans have a winning hand when it comes to messaging over the government shutdown — even as the stalemate drags on into a 15th day. To the group’s chair,
1.2KRyan Routh, the man accused of attempting to assassinate then-presidential candidate Donald Trump at his Florida golf course last year, said he would not take the stand in his own criminal case on Monday — the strongest sign yet that the defense is preparing to rest its case and kick the trial into its final
Ryan Routh, the man accused of attempting to assassinate then-presidential candidate Donald Trump at his Florida golf course last year, said he would not take the stand in his own criminal case on Monday — the strongest sign yet that the defense is preparing to rest its case and kick the trial into its final
1.2KEuropean markets opened higher on Tuesday, driven largely by gains in renewable energy stocks. Investors reacted strongly to a US court decision that allowed Danish company Orsted to resume construction of its stalled offshore wind project in Rhode Island. The ruling sent Orsted shares sharply higher and sparked momentum across the sector, while losses in
European markets opened higher on Tuesday, driven largely by gains in renewable energy stocks. Investors reacted strongly to a US court decision that allowed Danish company Orsted to resume construction of its stalled offshore wind project in Rhode Island. The ruling sent Orsted shares sharply higher and sparked momentum across the sector, while losses in
1.1KTwo years since the horrific events of Oct. 7, 2023 when Hamas terrorists attacked Israel and killed 1,200 men, women and children, before they took 251 others into the Gaza Strip, there is still no hostage deal and Israeli Prime Minister Benjamin Netanyahu’s government is facing possible collapse. Netanyahu has found an unlikely ally in
Two years since the horrific events of Oct. 7, 2023 when Hamas terrorists attacked Israel and killed 1,200 men, women and children, before they took 251 others into the Gaza Strip, there is still no hostage deal and Israeli Prime Minister Benjamin Netanyahu’s government is facing possible collapse. Netanyahu has found an unlikely ally in
