JBS, the world’s largest meatpacker, is set to debut on the NYSE. Shares are expected to start trading soon. This move aims to strengthen the company’s presence in […]
Economy
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UK GDP Data Shows Economic Struggles in April
Welcome to the Money Distilled newsletter, an award-winning publication. I’m John Stepek. Each weekday, I analyze major developments in markets and economics to clarify their impact on your […]
Economy
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Economic Expert: Issuing Sovereign Sukuk is a Smart Step to Reduce Debt Without Losing State Assets
Dr. Mohamed Abdel Wahab, an economic analyst and financial advisor, emphasized that the decision to transfer ownership of a piece of land to the Ministry of Finance for […]
Markets
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Most Arab Stock Markets Gain Led by Abu Dhabi and Egypt, Economic Rescue Plan and Interest Rate Cuts Boost Real Estate Appeal
In a notable development on Thursday, September 12, 2013, most Arab stock markets witnessed gains, led by Abu Dhabi and Egypt. The economic rescue plan, coupled with reductions […]
Economy
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U.S. Tax Bill Could Hinder Critical Minerals Projects
A U.S. tax and spending bill could challenge American critical minerals companies by eliminating a tax credit aimed at boosting domestic production of materials like nickel and rare […]
Uncategorized
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Nationwide Recall of Shrimp Due to Possible Listeria Contamination
The U.S. Food and Drug Administration (FDA) has issued a recall for approximately 44,550 pounds of cooked and peeled shrimp products due to possible contamination with Listeria monocytogenes. […]
Markets
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GameStop Announces Pricing of Upsized Private Offering of $2.25 Billion of Convertible Senior Notes
GameStop Corp. has announced the pricing of its upsized private offering of $2.25 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2032. The offering is targeted […]
Technology
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Oracle Stock Reaches New Highs Amid Cloud Growth
Oracle Corporation’s stock surged to an all-time high following robust quarterly results and a positive sales outlook, driven by its cloud infrastructure segment. Analysts noted that the company […]
Technology
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Chime Financial’s Successful IPO Debut
Chime Financial experienced a significant increase in its stock price during its market debut on Thursday, reflecting the growing strength of the U.S. IPO market. Shares rose by […]
Technology
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Meta Invests Significantly in Scale AI as CEO Alexandr Wang Steps Down
Meta has made a significant investment in data-labeling company Scale AI, valuing it at $29 billion. As part of the deal, Scale AI’s co-founder and CEO, Alexandr Wang, […]