By Valerie Volcovici and Gloria Dickie BAKU (Reuters) -The COP29 climate summit presidency released a draft finance deal on Friday that would have developed nations take the lead in providing $250 billion per year by 2035 to help poorer nations – a proposal that drew criticism from all sides. World governments represented at the summit…
Investing.com — Huawei Technologies is set to release its most advanced domestically produced phone chip next week, demonstrating the company’s progress in chip manufacturing despite enduring U.S. sanctions, according to a report from The Wall Street Journal. The report states that the chip will feature in select models of Huawei’s upcoming Mate 70 series smartphones, scheduled…
Investing.com– Oil prices steadied Friday, heading for a positive week as increased concerns over Russia and Ukraine saw traders attach a greater risk premium to crude. At 09:25 ET (14:25 GMT), Brent oil futures expiring in January fell 0.1% to $74.19 a barrel, while West Texas Intermediate crude futures rose 0.1% to $70.19 a barrel….
WASHINGTON (Reuters) – The United Parcel Service (NYSE:UPS) will pay up to a $45 million penalty for improperly valuing a business unit, the U.S. Securities and Exchange Commission (SEC) said on Friday. The SEC said UPS misrepresented “its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst…
(Reuters) – Gap shares soared 15% premarket on Friday, as a return to growth at all four of its brands after nearly two years encouraged the apparel retailer to lift its annual sales forecast in a robust start to the holiday shopping season. The Banana Republic parent’s expectations of strong tidings during the holiday period…
Investing.com — Gold prices are expected to continue their upward momentum in 2025, as per analysts at UBS, driven by two key factors: declining interest rates and persistent geopolitical risks. These elements are set to reinforce gold’s status as a safe-haven asset while also benefiting from broader economic conditions anticipated in the coming year. The…
Investing.com — Deutsche Bank analysts predict the Federal Reserve will implement a 25-basis-point rate cut in December, followed by an “extended pause” that keeps interest rates above 4% through 2025. This outlook reflects the impact of anticipated economic policy changes under the incoming Trump administration and persistent inflationary pressures. The analysts highlight that while “the Republican…
Investing.com — US equity funds are set to experience a record-breaking year with annualized inflows reaching $448 billion, Bank of America reported. Money market funds are also witnessing unprecedented demand, projected to receive “massive” inflows of $1.1 trillion in 2024. In the week ending November 11, equity funds attracted $14.4 billion, while bonds saw inflows…
Investing.com — US stock futures traded in a muted fashion Friday, at the end of a generally positive week. Here are some of the biggest premarket US stock movers today: Gap (NYSE:GAP) stock rose 18% after the fashion retailer raised its annual sales forecast and said the holiday season was off to a “strong start”….
