generic Market recap for Tuesday, September 11th
Stocks on the move higher as Apple and tech pace the gains
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Stocks on the move higher as Apple and tech pace the gains
A report into a building fire that killed 76 people in South Africa last year has concluded that city authorities should be held responsible because they were aware of serious safety issues at the rundown apartment block at least four years before the blaze. The nighttime fire at the five-story building in downtown Johannesburg on Aug. 31 was one of South Africa's worst disasters. Retired Judge Sisi Khampepe was put in charge of the inquiry, which began in October.
Shah Capital, which currently owns a near 7.5% stake in Novavax and is its third-largest shareholder, reiterated that the company was "undervalued and continues to suffer from poor profitability". The top shareholder had expressed concerns about mismanagement at the Maryland-based biotech and nominated two of its own candidates for the board last month. It had also urged Novavax to adopt a marketing strategy to target consumers who are hesitant to receive mRNA vaccines.
Mozambique's ruling FRELIMO party has announced Daniel Chapo will be its presidential candidate in an election scheduled for October. FRELIMO has governed the southern African country since gaining independence in 1975 and hopes Chapo will lead the party to another victory in the Oct. 9 election. "The soap opera of speculation is over, including speculation about the third term," President Filipe Nyusi said on state television on Sunday, dismissing the prospect of contesting elections again.
U.S. Marines and their Filipino counterparts darted out of Black Hawk helicopters during combat drills Monday in the Philippines’ northernmost island town, along the strategic Bashi Channel off southern Taiwan. The show of allied battle readiness in Itbayat in Batanes province is part of annual military exercises that started last month, dubbed Balikatan, Tagalog for “shoulder-to-shoulder,” and involving more than 16,000 American and Philippine military personnel.
Israel's military on Monday called for the evacuation of Palestinians from eastern Rafah, ahead of a long-threatened ground invasion of the southern Gaza city, the prospect of which has triggered widespread global alarm.But Rafah has been repeatedly bombed from the air -- including on Monday following the evacuation order -- and Palestinians frequently say that nowhere in Gaza is safe.
Struggling French tech group Atos, an Olympics partner and key French defence contractor, said on Monday it would choose between rivals offers for a financial rescue by May 31.Atos said on Monday its board had received four financial restructuring offers the previous day.
WASHINGTON — Democrats are preparing an aggressive new immigration strategy months after Republicans blocked a bipartisan border security bill aimed at easing record-high illegal crossings along the southern border, according to officials who discussed the plans with NBC News.
As an Israeli assault on Gaza's southern city of Rafah displaced Palestinians have set up a tent school to help educate children.
As they navigate a tough 2024 map to maintain their slim Senate majority, Democrats are attempting to frame a key race in Montana around issues with unique resonance in the state: authenticity and access to public land.
European Commission President Ursula von der Leyen said on Monday that the EU would not shrink back from taking tough measures to protect its economy and security, amid tense trade relations with China."Europe will not waver from making tough decisions needed to protect its economy and its security," she said.
Germany said Monday it recalled its ambassador to Russia for a week of consultations in Berlin following an alleged hacker attack on Chancellor Olaf Scholz’s party. Germany last week accused Russian military agents of hacking into the top echelons of Scholz's Social Democrats’ party and other sensitive government and industrial targets. Berlin has joined NATO and fellow European countries in warning that Russia’s cyberespionage would have consequences.
The body of a five-year-old boy was recovered from floodwaters near Fort Worth, Texas, on Sunday, as search and rescue teams statewide continue to patrol streets and neighborhoods inundated by rainfall.
The EU said Monday it will drop action started against Poland six years ago over rule-of-law concerns that could have led Warsaw to lose its vote in the bloc's affairs.As a result, the commission said in a statement Monday, it "considers that there is no longer a clear risk of a serious breach of the rule of law in Poland within the meaning of Article 7.1 of the Treaty on European Union".
Stocks rallied at the end of last week, getting a boost from a "Goldilocks" jobs report
LONDON (Reuters) -Scottish National Party (SNP) veteran John Swinney was confirmed the party's new leader on Monday and is set to succeed Humza Yousaf as the country's first minister after he emerged as the sole contender in the leadership race for a new premier. Yousaf, who had become the first Muslim to lead a democratic western European nation in March 2023, resigned last week after his decision to end a coalition with the Green Party backfired, triggering a contest to pick his replacement. Shortly after midday on Monday, the deadline for other contenders to join the race, the SNP confirmed Swinney as the new leader, ending uncertainty around a possible weeks-long process that would have ensued if there were more candidates.
China should increase the number of intensive care unit (ICU) beds over the next few years as part of its public health measures, several state agencies recommended in a joint statement published on Monday. The world's second most populous country has gradually increased ICU beds over the years, but critics say its health system remains under-resourced and it was severely stretched after authorities abruptly ended national COVID pandemic restrictions in late 2022. China had only 4.37 ICU beds per 100,000 people in 2021, compared with 34.2 in the United States as of 2015, according to a paper by Shanghai's Fudan School of Public Health.
Defence lawyers for Bosnian Serb general Ratko Mladic, who is serving a life sentence for his role in the bloody 1992-95 war in Bosnia, are seeking his urgent release to Serbia on health grounds. Descriptions of the 82-year-old's medical condition are redacted in the court papers but he has been known to suffer cognitive impairments and was hospitalised at least twice this year. Mladic led Bosnian Serb forces during Bosnia's 1992-95 war, part of the bloody break up of Yugoslavia.
The move marks a major milestone for GBTC, which has seen $17.46 billion in withdrawals since it converted from a trust to an easily tradable ETF in January, due to the higher fees it charges compared with rivals. GBTC saw inflows of $63 million on Friday, according to investment management firm Farside Investors. But its position as the biggest spot bitcoin ETF by AUM has come under threat from BlackRock's iShares Bitcoin Trust, which manages $16.91 billion, according to its website.
Boeing Co's new Starliner astronaut capsule was poised for a Monday night launch of its long-delayed inaugural crewed test flight to the International Space Station, two years after its first voyage without humans to the orbital laboratory. The gumdrop-shaped CST-100 Starliner with two astronauts aboard was due for liftoff at 10:34 p.m. (0234 GMT on Tuesday) from NASA's Kennedy Space Center in Florida, carried atop an Atlas V rocket furnished by the Boeing-Lockheed Martin joint venture United Launch Alliance (ULA).
Lebanese official media said an Israeli strike Monday wounded three people in the country's east, with Hezbollah saying it launched "dozens of Katyusha rockets" at an Israeli base in retaliation.Lebanon's Iran-backed Hezbollah group said it launched "dozens of Katyusha rockets" targeting "the headquarters of the Golan Division... at Nafah base" in the Israeli-annexed Golan Heights.