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Moody's: Rising interest rates pose credit risk to weakest US companies

Dec 16, 2015 21:08 pm UTC| Research & Analysis Business

US companies with good credit quality will be able to afford the 0.25% increase in short-term interest rates announced by the US Federal Reserve, but credit risk will increase for some weaker companies because refinance...

Independence Blue Cross Announces Key Leadership Changes

Dec 16, 2015 20:31 pm UTC| Business

PHILADELPHIA, Dec. 16, 2015 (GLOBE NEWSWIRE) -- Independence Blue Cross (Independence) President and CEO Daniel J. Hilferty announced key organizational changes at the executive level. These changes, which position...

Cherokee Nation Technologies supporting USGS through new $30M contract

Dec 16, 2015 20:10 pm UTC| Business

TULSA, Okla., Dec. 16, 2015 (GLOBE NEWSWIRE) -- Cherokee Nation Technologies is providing scientific and technical support to the United States Geological Survey in an effort to better understand the nation's biological...

Wolf Trap Foundation for the Performing Arts Commits $1 Million to Early Childhood Education, Joining the Invest in US Coalition

Dec 16, 2015 20:06 pm UTC| Business

VIENNA, Va., Dec. 16, 2015 (GLOBE NEWSWIRE) -- Wolf Trap Foundation for the Performing Arts today announced it will commit more than $1 million to early childhood education in 2016, joining the Invest in US coalition of...

Evofem, Inc. Appoints Sandra Matsumoto as Vice President of Global Regulatory Affairs

Dec 16, 2015 19:56 pm UTC| Business

SAN DIEGO, Dec. 16, 2015 (GLOBE NEWSWIRE) -- Evofem, Inc. announces that Sandra Matsumoto has been named Vice President of Global Regulatory Affairs effective immediately. In this role, Dr. Matsumoto will be responsible...

U.S. Global Investors Continues GROW Dividends and Share Repurchase Program

Dec 16, 2015 19:06 pm UTC| Business

U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique registered investment advisory firm with longstanding experience in global markets and specialized sectors, will continue its payment of monthly dividends in the first...

Yiftee Fuels "Shop Local" for the Holidays with Buy One - Get One Promotion Free to Local Shops and Restaurants

Dec 16, 2015 18:22 pm UTC| Business

MENLO PARK, Calif., Dec. 16, 2015 (GLOBE NEWSWIRE) -- Yiftee, the industry-leading provider of eGift Cards for independent merchants, is powering more than 600 promotions for independent local retailers and restaurants...

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Economy

New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves

New Zealands business confidence surged sharply in December, reaching its highest level in three decades, according to the latest ANZ Bank Business Outlook survey released on Friday. The data highlights growing optimism...

BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization

The Bank of Japan (BOJ) is widely expected to raise interest rates to a three-decade high, marking another milestone in its gradual exit from ultra-loose monetary policy. At the conclusion of its two-day meeting on Friday,...

Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement

Federal Reserve Bank of Chicago President Austan Goolsbee said Thursday that recent inflation data has been encouraging, raising the possibility of additional interest rate cuts next year if current trends continue....

Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision

Japans consumer price inflation remained largely steady in November, reinforcing expectations that the Bank of Japan (BOJ) will proceed with a long-anticipated interest rate hike as it seeks to control persistent price...

U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty

U.S. stock index futures edged lower on Thursday evening, cooling after a strong rebound on Wall Street driven by softer-than-expected November inflation data. The pullback reflected lingering caution among investors, as...

Politics

Trump Signs Order to Ease Federal Marijuana Rules, Signaling Major Policy Shift

U.S. President Donald Trump has signed an executive order directing federal agencies to loosen regulations on marijuana, a move that could mark one of the most significant changes in U.S. cannabis policy in decades. The...

Fernando Haddad Confirms He Will Not Run for Office in 2025, Signals Possible Exit as Brazil’s Finance Minister

Brazilian Finance Minister Fernando Haddad confirmed on Thursday that he will not run for public office next year, putting an end to months of speculation surrounding his political future. Speaking at a press conference,...

Trump Administration Proposes Sweeping Limits on Gender-Affirming Care for Children

U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. has moved to significantly restrict childrens access to gender-affirming care, marking one of the most far-reaching actions yet by the Trump administration...

Trump Expands U.S. Travel Ban to Antigua and Barbuda, Dominica, Sparking Economic Fears in the Caribbean

Washingtons decision to expand U.S. travel restrictions to include Antigua and Barbuda and Dominica is raising serious concerns across the Caribbean, where access to the United States plays a vital role in tourism,...

Barham Salih Elected as Next UN High Commissioner for Refugees

The United Nations General Assembly has elected Barham Salih, former president of Iraq and a longtime advocate for democracy and human rights, as the next United Nations High Commissioner for Refugees. The decision was...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

Apple has announced a major shift in its App Store policies in Japan, opening iPhones and other Apple devices to alternative app stores in order to comply with new competition laws aimed at reshaping the countrys...

Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand

Micron Technology delivered record first-quarter results and issued a bullish forecast for the current quarter, driven by rising memory prices and strong demand linked to artificial intelligence workloads. The upbeat...

Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track

Oracle shares fell more than 4% on Wednesday after a Financial Times report claimed that Blue Owl Capital, Oracles largest U.S. data center partner, decided not to support a planned $10 billion data center project in...

OpenAI Explores Massive Funding Round at $750 Billion Valuation

OpenAI, the company behind the widely used AI chatbot ChatGPT, has reportedly entered preliminary discussions with investors about a potential new funding round that could value the company at approximately $750 billion....