Pete Rose is, somewhat stunningly, off Major League Baseball’s permanently ineligible list. But that doesn’t mean he’s automatically in the Hall of Fame. Casual baseball fans often equated Rose’s ban from baseball – which lasted past his September 2024 death until commissioner Rob Manfred reinstated him Tuesday following pressure from President Donald Trump – with a banishment from Cooperstown’s shrine. ...
The US and China agreed on Monday (May 12) to pause the majority of their tariffs for a period of 90 days, marking a significant de-escalation in trade tensions between the two countries. The US will reduce its tariffs on most Chinese goods from 145 percent to 30 percent; meanwhile, China will lower its tariffs on US goods by a ...
Coinbase (COIN) stock closed trading at $256 on Tuesday, May 13, after posting a 23% intraday gain. The rally to a 12-week high comes ahead of COIN stock listing on the S&P 500 on May 19, which will make the exchange the first US crypto company to debut on the benchmark index. COIN Stock Soars on S&P 500 Listing The ...
Shares in Burberry surged more than 15% on Wednesday after the company unveiled plans to cut about 1,700 jobs globally as part of a sweeping cost-reduction initiative, and clocked profits much higher than anticipated. The move is expected to generate £60 million in savings by the fiscal year beginning April 2027 and signals a more aggressive phase in the British ...
A wave of cautious optimism swept through Asia-Pacific markets on Wednesday, with most major indices posting gains as investors carefully evaluated the latest developments in US-China trade discussions. The positive sentiment was largely an echo of Wall Street’s recent rally, sparked by easing trade tensions between the globe’s two largest economies. Across the region, equity benchmarks reflected the improved mood, ...
President Donald Trump met with Syria’s interim President Ahmad al-Sharaa in Riyadh on Wednesday, a day after lifting all sanctions on Syria, marking a major shift in policy. The last time a meeting between the two countries’ leadership was with former President Bill Clinton in 2000. Trump met with al-Sharaa for an informal chat on the sidelines of the Gulf ...
Financial technology company Chime on Tuesday filed paperwork to go public on the Nasdaq. The company intends to file under the ticker symbol “CHYM.” “Chime is a technology company, not a bank,” the company said in its prospectus, noting it’s not a member of the U.S. Federal Deposit Insurance Corp. Still, the company cited Bank of America, Capital One, Citibank, JPMorgan ...
The Carolina Hurricanes are one win away from advancing to the Eastern Conference final thanks to a 5-2 victory Monday over the Washington Capitals in Game 4 of their second-round series. The Edmonton Oilers also took a 3-1 lead in their series with a 3-0 victory against the Vegas Golden Knights. Sean Walker had a goal and an assist, the ...
Reach Resources Limited (ASX: RR1 & RR1O) (“Reach” or “the Company”) is pleased to announce the completion of a new Mineral Resource Estimate (MRE) for the Pansy Pit deposit at its Murchison South Gold Project. The estimate, prepared by independent consultants Mining Plus, reported above a cut-off grade of 0.5g/t Au, confirms a near-surface inferred resource of 72kt @ 2.5g/t ...
Backed by the Uzbekistani sum and backed by sovereign bonds, HUMO is a state-sponsored digital currency for which Uzbekistan has started a pilot project. The project indicates a major shift in the country’s overall strategy to digitize its economy and use blockchain for honest and inexpensive financial services. HUMO: A Sovereign-Pegged Digital Currency Anchoring Blockchain Innovation Providing a rare example ...
The 90-day tariff truce between the US and China is expected to increase shipments and production over the next three months. The de-escalation also provides relief for China’s economy. “We now believe H1 growth will be stronger than previously expected, but growth in H2 will be under pressure due to the uncertain trade outlook beyond the 90-day period,” Tommy Wu, ...
Asian equities ended mixed on Tuesday, as the initial optimism surrounding the weekend’s US-China trade agreement gave way to caution. Investors scaled back expectations of aggressive interest rate cuts by the Federal Reserve and questioned the durability of the 90-day tariff truce. Ratings agency Fitch noted that the US effective tariff rate has now eased to 13.1% from 22.8% after ...