(RTTNews) - A report released by the Labor Department on Thursday showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended March 21st.
(RTTNews) - A report released by the Labor Department on Thursday showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended March 21st.
Building a solid nest egg can, and should, help you retire with confidence. But it's not enough to save for retirement. You also need to come up with a smart withdrawal strategy once you're ready to start tapping your IRA or 401(k). The 4% rule has long been popular in that context. It has you withdrawing 4% of your savings during your first year of retirement and adjusting future withdrawals for ...
Building a solid nest egg can, and should, help you retire with confidence. But it's not enough to save for retirement. You also need to come up with a smart withdrawal strategy once you're ready to start tapping your IRA or 401(k). The 4% rule has long been popular in that context. It has you withdrawing 4% of your savings during your first year of retirement and adjusting future withdrawals for inflation. If you stick to this plan, there's a good chance your savings will last for 30 years. Image source: Getty Images. Continue reading
Jobless Claims Hover Near Record Lows Sustaining 'No Hire, No Fire' Narrative The number of Americans filing for unemployment benefits for the first time was flat from the prior week at 210.5k (215k exp). Simply put, these numbers are hovering near their lowest levels since 1969... Source: Bloomberg Continuing claims also printed below expectations at 1.819 million Americans. This is the lowest le...
Jobless Claims Hover Near Record Lows Sustaining 'No Hire, No Fire' Narrative The number of Americans filing for unemployment benefits for the first time was flat from the prior week at 210.5k (215k exp). Simply put, these numbers are hovering near their lowest levels since 1969... Source: Bloomberg Continuing claims also printed below expectations at 1.819 million Americans. This is the lowest level since May 2024 ... Source: Bloomberg Finally, as a reminder, sentiment surveys suggest the labor market is bifurcated with 'jobs hard to get' but joblessness not surging... Source: Bloomberg That chart reinforces the 'no hire, no fire' economy remains the status quo - no worse, no better. Tyler Durden Thu, 03/26/2026 - 08:35
Hong Kong retained its position as Asia’s top financial centre and ranked third globally, while also leading in fintech, banking and insurance, according to the latest Global Financial Centres Index released on Thursday. The twice-yearly report assessed the competitiveness of 120 financial markets. Hong Kong scored 756 points, just one point behind London and two points shy of top-ranked New York,...
Hong Kong retained its position as Asia’s top financial centre and ranked third globally, while also leading in fintech, banking and insurance, according to the latest Global Financial Centres Index released on Thursday. The twice-yearly report assessed the competitiveness of 120 financial markets. Hong Kong scored 756 points, just one point behind London and two points shy of top-ranked New York, while edging Singapore by a single point. The index is compiled by Z/Yen Group and the China...
(RTTNews) - Agilent Technologies (A) said it has received FDA approval for PD-L1 IHC 22C3 pharmDx, Code SK006, as a companion diagnostic to aid in identifying patients with esophageal or gastroesophageal junction carcinoma who may be eligible for treatment with KEYTRUDA, Merck's
(RTTNews) - Agilent Technologies (A) said it has received FDA approval for PD-L1 IHC 22C3 pharmDx, Code SK006, as a companion diagnostic to aid in identifying patients with esophageal or gastroesophageal junction carcinoma who may be eligible for treatment with KEYTRUDA, Merck's
Henvry Now that Tower Semiconductor ( TSEM ) has full ownership and operational control of Tower Partners Semiconductor’s (TPSCo) 12-inch fab and foundry business, it likely means “meaningful upside” for Tower, Wedbush Securities said. Tower Semiconductor shares were down 2.5% in premarket trading on Thursday. They have gained more than 50% year-to-date and are up more than 400% over the past 12 m...
Henvry Now that Tower Semiconductor ( TSEM ) has full ownership and operational control of Tower Partners Semiconductor’s (TPSCo) 12-inch fab and foundry business, it likely means “meaningful upside” for Tower, Wedbush Securities said. Tower Semiconductor shares were down 2.5% in premarket trading on Thursday. They have gained more than 50% year-to-date and are up more than 400% over the past 12 months. “Our primary takeaway from TSEM's announcement yesterday is with plans now in place that will allow TSEM to expand its cleanroom space to further ramp SiPh and SiGe production, that management appears to have increased confidence that demand will exceed its existing optics oriented expansion, creating further intermediate- to longer-term sales/EPS upside for TSEM,” analyst Matt Bryson wrote in a note to clients. Bryson has a Neutral rating and a $188 price target on Tower Semiconductor. In addition, Bryson said the deal to add the 12-inch fab and foundry business could be the equivalent of adding as much as 75% (or more) of Tower Semiconductor's wafer starts. “We'd note this added capacity was not contemplated in TSEM's previously provided long-term model, suggesting meaningful upside vs. that prior guidance,” Bryson added. “We can only see TSEM undertaking this plan if it is confident that it will have fully utilized its current SiPh/SiGe capacity plans, suggesting in our view 1) management has even greater confidence in filing the ~$500M/Q in SiPh capacity that is already in the process of being added and 2) that this capacity is likely to be utilized faster than management had previously anticipated (and significantly ahead of revenue growth contemplated by Street models).”
OceanPal ( SVRN ) announced on Thursday that its board of directors has determined to effect a one-for-twenty reverse stock split of the company's common shares. The reverse stock split will take effect, and the company's common shares will begin trading on a split-adjusted basis on NASDAQ as of the opening of trading on March 30, 2026, under the existing trading symbol "SVRN." The CUSIP number of...
OceanPal ( SVRN ) announced on Thursday that its board of directors has determined to effect a one-for-twenty reverse stock split of the company's common shares. The reverse stock split will take effect, and the company's common shares will begin trading on a split-adjusted basis on NASDAQ as of the opening of trading on March 30, 2026, under the existing trading symbol "SVRN." The CUSIP number of Y6430L178 will be assigned to the company's common shares when the reverse stock split becomes effective. When the reverse stock split becomes effective, every twenty of the company's issued common shares will be combined into one issued common share, without any change to the par value per share and without any change in the total number of authorized common shares, the company said. The number of outstanding common shares will be reduced from approximately 37,517,290 shares to approximately 1,875,864 shares. The Board approved the reverse stock split in connection with the company's efforts to restore compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule. SVRN -12.19% premarket to $0.18. Source: Press Release More on OceanPal OceanPal receives Nasdaq non-compliance notice Financial information for OceanPal
Zolak Initial jobless claims for the week ended March 21 rose by 5K to 210K, against the consensus of 210K, from 205K prior, according to data released by the U.S. Department of Labor on Thursday. Four-week moving average was 210,500, a decrease of 250 from the prior week's average of 210,750. Continuing claims for the week ended March 14 declined to 1.819M, vs. 1.860M consensus and 1.851M (revise...
Zolak Initial jobless claims for the week ended March 21 rose by 5K to 210K, against the consensus of 210K, from 205K prior, according to data released by the U.S. Department of Labor on Thursday. Four-week moving average was 210,500, a decrease of 250 from the prior week's average of 210,750. Continuing claims for the week ended March 14 declined to 1.819M, vs. 1.860M consensus and 1.851M (revised from 1.857M) prior. Advance seasonally adjusted insured unemployment rate was 1.2% for the week ended March 14, unchanged from the previous week. The advance number of actual initial claims under state programs, unadjusted, totaled 185,980 in the week ended March 21, a decrease of 5,002 (or -2.6%) from the week before. More on U.S. Economy 2025 bonuses jump 9% on Wall Street - NY comptroller Goldman's Wilson-Elizondo on why this is not the same market as last year U.S. slowdown is getting 'more extreme' – strategist
Booking Holdings' rides strong global booking trends with volume-led growth, rising transaction value, and platform investments, but macro risks and competition loom.
Booking Holdings' rides strong global booking trends with volume-led growth, rising transaction value, and platform investments, but macro risks and competition loom.
Barrick Mining Corp. said it’s slowing work on its Reko Diq copper-and-gold project in Pakistan due to escalating security issues in the country and Middle East. The decision came seven weeks after Barrick said it was reviewing all aspects of the project due to a rise in security incidents in the mineral-rich Balochistan province, where Reko Diq is located. Recent escalation in security issues in ...
Barrick Mining Corp. said it’s slowing work on its Reko Diq copper-and-gold project in Pakistan due to escalating security issues in the country and Middle East. The decision came seven weeks after Barrick said it was reviewing all aspects of the project due to a rise in security incidents in the mineral-rich Balochistan province, where Reko Diq is located. Recent escalation in security issues in Pakistan and the Middle East prompted the company to extend its review by 12 months from July to continue assessing potential impacts and delivery strategy for the project, Barrick said. “During that period, development activity will be slowed but remain under active management,” the company said Thursday in an emailed statement, adding that budgets and timelines for the project will likely be impacted. “Barrick continues to believe in the long-term value of Reko Diq,” it said. Shares of Barrick fell as much as 3.2% in New York — tracking declines of other gold producers as bullion prices fell — before paring losses to trade 0.4% lower as of 10:43 a.m. local time. Barrick has been looking to build Reko Diq for years, with initial plans stemming back to 2011. The project, in the remote and politically fractious province bordering Afghanistan and Iran, is one of the world’s largest untapped sources of copper and gold. Barrick made the project a priority under then-Chief Executive Officer Mark Bristow , who sought to bolster the company’s exposure to copper. RBC Capital Markets analyst Josh Wolfson said the development remains “highly out of favor” with investors given its elevated geopolitical risk. “A decision to postpone the project could improve investor perceptions of Barrick’s geopolitical risk” and improve its interim free cash flow, Wolfson said in a Thursday note to clients. “A delay could also represent a precursor to a potential sale process for the project.” Barrick told its Pakistani equity partners and the project’s local developer that activity at Reko Diq will ...
(RTTNews) - Canadian stocks are likely to open on a negative note on Thursday, tracking weak global cues amid uncertainty about the status of U.S.-Iran peace talks. Concerns about inflation due to higher oil prices and possibility of interest rate hikes by central banks sometime
(RTTNews) - Canadian stocks are likely to open on a negative note on Thursday, tracking weak global cues amid uncertainty about the status of U.S.-Iran peace talks. Concerns about inflation due to higher oil prices and possibility of interest rate hikes by central banks sometime
Dragos Condrea Shield AI, a closely held defense technology company, on Thursday said it raised $2 billion, part of which will be used to acquire Aechelon Technology . The financing values Shield AI at $12.7 billion, according to a company announcement. The funding includes a $1.5 billion equity round led by Advent International , with participation from JPMorganChase ’s Strategic Investment Group...
Dragos Condrea Shield AI, a closely held defense technology company, on Thursday said it raised $2 billion, part of which will be used to acquire Aechelon Technology . The financing values Shield AI at $12.7 billion, according to a company announcement. The funding includes a $1.5 billion equity round led by Advent International , with participation from JPMorganChase ’s Strategic Investment Group, as well as existing investors including Snowpoint Ventures, Innovation X Advisors and Riot Ventures. Funds managed by Blackstone are providing $500 million in preferred equity financing and have also committed an additional $250 million delayed draw facility. Acquisition plans expand simulation capabilities Part of the capital will be used to fund Shield AI’s planned acquisition of Aechelon Technology , a defense software company specializing in simulation and training. Terms of the deal weren't disclosed. Aechelon’s technology is used by the U.S. military and allied forces for pilot training and testing of advanced aircraft and autonomous systems, including work tied to the Pentagon’s Joint Simulation Environment. Following the deal’s close, Aechelon is expected to operate as an independent unit within Shield AI. The transaction remains subject to regulatory approvals. Software and simulation take center stage The financing and acquisition highlight a broader shift in defense technology development toward software-driven systems and simulation-based training. Shield AI develops autonomous systems and artificial intelligence software for military applications. Its Hivemind platform is designed to enable autonomous operation of aircraft and other vehicles, combining simulation-based training with real-world operational data. The company said its software has already been used to pilot multiple types of vehicles, including fighter jets, drones, helicopters and maritime systems. It has also been selected by the U.S. Air Force as a mission autonomy provider for its Collaborat...
Even as the Philippines thrashes through the throes of an energy crisis born of the Iran war, Filipinos themselves largely appear uninterested in blaming the man who started it. Instead of Donald Trump, public ire has instead coalesced around Philippine President Ferdinand Marcos Jnr and his administration for failing to quell soaring prices. Fuel costs have rocketed across the archipelago since t...
Even as the Philippines thrashes through the throes of an energy crisis born of the Iran war, Filipinos themselves largely appear uninterested in blaming the man who started it. Instead of Donald Trump, public ire has instead coalesced around Philippine President Ferdinand Marcos Jnr and his administration for failing to quell soaring prices. Fuel costs have rocketed across the archipelago since the United States and Israel first struck Iran on February 28, following the near-total closure of...