(Bloomberg) — The S&P 500 Index may be headed for another record closing high, but JPMorgan Chase & Co.’s Marko Kolanovic says the benchmark will falter in coming months in the face of mounting headwinds, from a slowing economy to downward earnings revisions. Most Read from Bloomberg The US equity guage is poised to plunge […]
(Reuters) – Goldman Sachs has raised its 2024 year-end target for the S&P 500 Index to 5,600 from 5,200 earlier, citing strong earnings growth by five mega-cap U.S. tech stocks and a higher fair value price-to-earnings ratio multiple. Microsoft, Nvidia, Google, Amazon.com, and Meta Platforms have collectively surged by 45% and now comprise 25% of […]
General Motors (GM) kept the earnings momentum going with strong first quarter results on Tuesday, as the automaker upped its full-year guidance and said it still sees “positive variable profit” in its EV business in the back half of 2024. For the quarter, GM reported top-line revenue of $43.0 billion, more than the $42.09 billion […]
STORY: Thailand will ban the use of recreational cannabis by the end of this year. That’s according to the country’s health minister in an interview with Reuters on Wednesday. However, minister Cholnan Srikaew said use for medical purposes would still be allowed. Tens of thousands of cannabis shops sprang up in Thailand after it became […]
BANGKOK (Reuters) – Thailand will ban the recreational use of marijuana by the end of this year, but continue allowing its use for medical purposes, the health minister told Reuters in an interview. Thailand became the first country in Southeast Asia to decriminalise cannabis, initially for medicinal use in 2021, then for recreational use in […]
(Bloomberg) — Thailand wants to ban recreational use of cannabis by the end of this year, the nation’s health minister said, threatening to put thousands of marijuana shops and farms that have sprung up around the country since a decriminalization drive two years ago out of business. Most Read from Bloomberg The Southeast Asian nation […]
(Bloomberg) — Ghana’s top oil regulator expects the country’s long-delayed natural gas-import terminal to be completed by the end of the year, despite numerous setbacks. Most Read from Bloomberg The pipeline-and-storage network that will receive liquefied gas deliveries is under construction and due to be completed before the end of the year, Mustapha Abdul-Hamid, chief […]
Nervous Australian fans watch a penalty during the opening FIFA Women’s World Cup in 2023.Darrian Traynor / Getty Wall Street banks are preparing to communicate 2023 compensation to staff. Bonuses will likely be flat or down from last year, which was markedly disappointing. Business Insider compiled a schedule for when each big bank will tell […]
Russian President Vladimir Putin said Russia would “never back down” in his annual year-end speech, which was set to be broadcast in each time zone shortly before midnight ahead of the new year. Putin stressed national unity in the pre-recorded address, which lasted just under four minutes, according to The Associated Press, citing Russian state […]
Tax Assessor-Collector Tommy Smyth said his office has taken steps to accommodate the year-end, last-minute tax payment rush, including adding extra staff at all locations. The remodeled offices in the Wichita County annex building will include an exterior ATM machine and a depository for after-hour payments. The end if the year is always a busy […]
By Suzanne McGee and Hannah Lang (Reuters) – U.S. SEC officials met on Thursday with representatives of at least seven companies hoping to launch exchange-traded funds (ETFs) tied to spot bitcoin early in 2024, and told at least two to submit final changes by the end of next week, according to public memos and two […]
First Lady of Ukraine Olena Zelenska wrote in a Telegram post on Dec. 21 about the support for Ukraine provided by the participants of the third First Ladies and Gentlemen Summit and how they were inspired by the event. Read also: Olena Zelenska tells Asian media about how full-scale war has changed President Zelenskyy The […]