Tuesday, March 17

Business

Zayn Malik postpones tour dates after Liam Payne’s death | Ents & Arts News
Business

Zayn Malik postpones tour dates after Liam Payne’s death | Ents & Arts News

Singer Zayn Malik has announced he is postponing dates on his upcoming tour after the death of his former One Direction bandmate Liam Payne.The 31-year-old posted on X on Saturday: "Given the heartbreaking loss experienced this week, I've made the decision to postpone the US leg of the STAIRWAY TO THE SKY Tour. "The dates are being rescheduled for January and I'll post them as soon as it's all set in the next few days. Your tickets will remain valid for the new dates. Love you all and thank you for your understanding."Payne died after falling from a hotel balcony in Buenos Aires, Argentina, on Wednesday.Malik was about to begin the US leg of his tour and was next due to perform in San Fransisco on Wednesday. While the star said the seven American shows will now take place in January, he di...
King and Queen to join Sydney church congregation as Australia tour begins | World News
Business

King and Queen to join Sydney church congregation as Australia tour begins | World News

The King will attend a Sydney church service to begin the monarch's first tour of Australia since his accession to the throne.Charles and Camilla's official engagements in the country will start with a trip to St Thomas' Anglican Church for a service led by Archbishop Most Reverend Kanishka Raffel. Security arrangements for Sunday suggest the couple will meet wellwishers afterwards.They landed in Australia on Friday before the Queen met a 12-year-old boy with a serious blood condition. Please use Chrome browser for a more accessible video player 2:23 King and Queen touch to...
U.S. SEC gives green light for options listing for spot bitcoin ETFs to NYSE
Business

U.S. SEC gives green light for options listing for spot bitcoin ETFs to NYSE

Avishek Das | Lightrocket | Getty ImagesThe U.S. securities regulator has granted "accelerated approval" to 11 exchange-traded funds to list and trade options tied to spot bitcoin prices on the New York Stock Exchange, according to a regulatory filing.The Securities and Exchange Commission (SEC) had in January approved the bitcoin ETFs to track bitcoin, in what was a watershed for the world's largest cryptocurrency and the broader crypto industry.Fidelity Wise Origin Bitcoin Fund (FBTC.Z), opens new tab, the ARK21Shares Bitcoin ETF, the Invesco Galaxy Bitcoin ETF (BTCO.Z), opens new tab, the Grayscale Bitcoin Trust BTC (GBTC.P), opens new tab and the iShares Bitcoin Trust ETF (IBIT.O), opens new tab are among funds that received the approval on Friday.The index options - listed derivatives...
Crypto’s $130 million election binge has boosted Utah’s John Curtis
Business

Crypto’s $130 million election binge has boosted Utah’s John Curtis

U.S. Rep. John Curtis speaks during the Utah Senate primary debate for Republican contenders battling to win the seat of retiring U.S. Sen. Mitt Romney, June 10, 2024, in Salt Lake City.Rick Bowmer | APSALT LAKE CITY — John Curtis, a Republican congressman from Utah, has become a favorite of the crypto industry in his bid to win the Senate seat held by the departing Mitt Romney. He took a somewhat oblong route through the telecommunications sector to get there.At an event in Salt Lake City last week, Curtis told a few dozen crypto enthusiasts that he had a conversation a few years ago with some fellow House members about internet service providers and how to incentivize them to boost their offerings. The various lawmakers were throwing around different connection speeds — 50 megabits, 100 ...
Putin says BRICS, not the West, will drive global economic growth
Business

Putin says BRICS, not the West, will drive global economic growth

Russian President Vladimir Putin attends the BRICS Business Forum in Moscow, Russia October 18, 2024. Alexander Zemlianichenko | Via ReutersThe BRICS group will generate most of the global economic growth in the coming years thanks to its size and relatively fast growth compared with that of developed Western nations, Russian President Vladimir Putin said on Friday.Putin hopes to build up BRICS - which has expanded to include Egypt, Ethiopia, Iran and the United Arab Emirates as well as Brazil, Russia, India, China and South Africa - as a powerful counterweight to the West in global politics and trade.The Kremlin leader is due to host a BRICS summit in the Russian city of Kazan on Oct. 22-24."The countries in our association are essentially the drivers of global economic growth. In the for...
Drone targets Israeli prime minister’s house as strikes in Gaza kill 50
Business

Drone targets Israeli prime minister’s house as strikes in Gaza kill 50

Israel's Prime Minister Benjamin Netanyahu addresses the 79th United Nations General Assembly at U.N. headquarters in New York, U.S., September 27, 2024. Mike Segar | ReutersThe Israeli government said a drone was launched toward the prime minister's house Saturday, with no casualties, as Iran's supreme leader vowed that Hamas would continue its fight against Israel following the killing of the mastermind of last year's deadly Oct. 7 attack.Sirens wailed Saturday morning in Israel, warning of incoming fire from Lebanon, including a drone launched toward Israeli Prime Minister Benjamin Netanyahu's house in Caesarea, the Israeli government said. Neither he nor his wife were home and there were no casualties, said his spokesperson in a statement.Meanwhile, in Gaza, more than 50 people, includ...
Luxury stocks may be a risky China stimulus bet
Business

Luxury stocks may be a risky China stimulus bet

Chinese consumers have long powered luxury brands to new highs. But with questions surrounding China's sluggish economy and changing consumer tastes, analysts aren't so sure whether these shoppers will be able to coax the luxury sector out of its doldrums. The Chinese government's new stimulus measures announced late September revived interest in the country's economic prospects — stoking hopes it would revive luxury spending among this critical cohort. But these measures may not target the consumers the industry most relies on, analysts say. Even if it does, the taste for luxe labels may have vanished as consumers look more closely at brands closer to home. "I personally don't think that the Chinese have the same level of aspirational consumption like they did," said Ben Harburg, portfoli...
Why inflation may look like it’s easing but is still a huge problem
Business

Why inflation may look like it’s easing but is still a huge problem

A family shops for Halloween candy at a Walmart Supercenter on October 16, 2024 in Austin, Texas. Brandon Bell | Getty ImagesJust because the Federal Reserve is nearing its inflation goal doesn't mean the problem is solved, as the high price of goods and services across the U.S. economy continues to pose a burden for individuals, businesses and policymakers.Recent price reports on goods and services, despite being a bit stronger than expected, indicate that the rate of inflation over the past year is getting close to the central bank's 2% target.In fact, Goldman Sachs recently estimated that when the Bureau of Economic Analysis later this month releases its figures on the Fed's favorite price measure, the inflation rate could be close enough to get rounded down to that 2% level.But inflati...
D.E. Shaw, Mantle Ridge zero in on key fixes to build shareholder value at Air Products
Business

D.E. Shaw, Mantle Ridge zero in on key fixes to build shareholder value at Air Products

Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesCompany: Air Products and Chemicals (APD)Business: Air Products and Chemicals is an industrial gases company. It's focused on serving energy, environmental and emerging markets. Its base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing and food. Air Products also develops, engineers, builds, owns and operates clean hydrogen projects supporting the transition to low- and zero-carbon energy in the heavy-duty transportation and industrial sectors. In addition, it provides turbomachinery, membrane systems and cryogenic containers globally. Air Products has operations in approximately 50 countri...
Trump, Harris plans on drug costs, abortion, Obamacare differ
Business

Trump, Harris plans on drug costs, abortion, Obamacare differ

President Donald Trump talks to the press outside the White House, July 19, 2019, left, and Democratic presidential nominee and U.S. Vice President Kamala Harris speaks to mark the one-year anniversary of the Oct. 7 Hamas attacks on Israel, at the vice president's residence at the U.S. Naval Observatory in Washington, Oct. 7, 2024.Getty Images (L) | Reuters (R)Prescription drug costs. Abortion rights. The future of Obamacare. The fast-approaching presidential election between Vice President Kamala Harris and former President Donald Trump could lead to a huge range of outcomes for patients on those issues and others in the sprawling U.S. health system.Both candidates are pledging to make care more affordable in the U.S., an outlier in the developed world due to its higher health-care spendi...