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April 26, 2024

Economy

Wall Street closes in red and the Dow Jones falls 1%

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

NEW YORK, New York.—This Tuesday, the activity on wall street closed in negative territory and its main indicator, the Dow Jones Industrialsfell 1%, in a new negative day related to expectations regarding the policy of interest rates from Federal Reserve.

At the closure

At the end of the session in the New York Stock Exchangehe Dow Jones stood at 39,170 units, and the selective S&P 500 It lost 0.72%, up to almost 5,206 points.

The technological Nasdaq It lost 0.95%, up to 16,240 integers.

End of the day

After five months of gains, the stock market operates cautiously regarding the next steps of the US central bank, which maintains the interest rates at their highest level in two decades due to persistent inflation.

According to some analysts, bets on the first rate cut are already being delayed beyond June.

The 10-year bond yield, sensitive to these prospects, rose to 3.63% during the session.

At the corporate level, Tesla fell 4.9% following a decrease in its vehicle deliveries in the first quarter of 2024 that has cast doubt on the company’s growth.

By sectors

Losses predominated and were led by health companies (-1.62%) and non-essential goods (-1.28%).

Among the 30 listed companies in the Dow Jones, UnitedHealth fell 6.5% following the White House announced that it will not change premiums for the public-private Medicare Advantage health plan in 2025, when that insurer and others expected an increase.

Texas oil closed at $85.15 per barrel, and at the close of the stock market gold rose to $2.297 per ounce and the dollar depreciated once morest the euro (1.0765).

You might also be interested: “Price of the dollar today, Tuesday, April 2, 2024”

#Wall #Street #closes #red #Dow #Jones #falls
2024-04-26 23:22:35

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world

The control committee is asking for new answers about the government’s purchase of Meraker Brug

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

The government bought Meraker Brug in Trøndelag in 2022. The Storting’s Control and Constitution Committee opened a case on the purchase and will conclude at the beginning of May, writes Today’s business.

The committee has now asked the Ministry of Agriculture for new information.

Closed bidding round

Among other things, they ask the ministry to consider completely or partially lifting the silence surrounding Pareto’s valuation of Meraker Brug. Pareto was the Ministry of Agriculture’s financial adviser, and it has previously been known that they assessed the value of the shares in Meraker Brug at up to NOK 2.4 billion.

Among other things, the committee will also have answers to whether the then Minister of Agriculture Sandra Borch (Sp) did anything to limit the costs for the state, and whether the ministry tried to achieve a more transparent bidding round.

The bidding round for the property was closed. The bidders were not told which other bids were in, how many bidders were involved, or who bid.

– Tricking the rules for using oil money

The purchase was financed outside the normal budget process. A condition for being able to do this is that the investment gives as good a return as having the money in the oil fund.

– Yes, the more we in the Conservative Party have gone into this, the more it becomes clear to us that this is trickery with the rules for the use of oil money, says the Conservative Party’s Peter Frølich.

He is chairman of the control committee, but emphasizes that he is speaking regarding the Conservative Party’s view on the matter.

Defends the purchase

If the exemption rules are to be followed, Meraker Bruk must provide an annual return of around NOK 100 million each year, Frølich believes. Meraker Brug has had an average annual profit of NOK 4 million since 1998. However, Finance Minister Trygve Slagsvold Vedum (Sp) has said that such an investment must be seen over time.

Vedum and Agriculture Minister Geir Pollestad (Sp) have defended the purchase in a committee hearing on 21 March.

– I insist that the purchase was made following a proper process, says Pollestad to DN.

They emphasized during the hearing that it was a political priority for the government to ensure that the property ended up in the hands of the state. Among other things, they emphasized that it is important to ensure accessibility and free access.

Vedum pointed out that an external adviser hired by the Ministry of Finance believed that the property might be worth up to NOK 2.8 billion.

#control #committee #answers #governments #purchase #Meraker #Brug
2024-04-26 23:15:10

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Sport

Canadian died in Cuba – was buried in Russia by mistake

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

A government source says it has been a major challenge for the Canadian authorities to find out what actually happened to the body of Faraj Allah Jarjour.

They still got a bit of a shock when the news came that two coffins had been mixed up at the airport in Cuba, and that the Canadian had by mistake been sent on a final journey to Russia and buried there.

Now the authorities are working hard to get him back home to Canada.

Got another corpse

Jarjour, originally from Syria, was on holiday in Varadero, Cuba when he died suddenly during a swim in the sea at the end of March.

It was believed that the body had been returned to Canada. The funeral home that had been tasked with preparing the body for burial, on the other hand, began to scratch their heads when the man in the coffin looked nothing like the man in the photo they had received from the bereaved.

The deceased looked 20 years younger, had lots of hair and tattoos. On the other hand, Jarjour, who came to Canada in 2016 following fleeing the war in Syria, was 68 years old and bald when he died.

The man in the coffin turned out to be from Russia and was sent on following the confusion was discovered.

Cuba says sorry

Cuba’s Foreign Minister Bruno Rodriguez has apologized for the confusion towards those left behind, and refers to the whole thing as an “unfortunate incident”. His Canadian counterpart Mélanie Joly says she really feels for those left behind and the “unimaginable situation they are facing”.

– They are going to dig him up and send him to Canada, says Jarjour’s daughter Miriam broadcaster CBC.

– It is not a good situation, but we have no choice. It is beyond our control. We just have to be patient, she says.

Cuba has promised to repay the 10,000 dollars it cost the bereaved to bring the father of the family home from Cuba. It is still not clear when Jarjour will finally be buried in the right place.

#Canadian #died #Cuba #buried #Russia #mistake
2024-04-26 23:13:19

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world

Petition filed against Maryam Nawaz for wearing police uniform – Pakistan

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

An application was filed in the Lahore Sessions Court to register a case once morest Punjab Chief Minister Maryam Nawaz for wearing Punjab Police uniform.

An application was filed in the Lahore Sessions Court to file a case once morest Chief Minister Punjab Maryam Nawaz for wearing Punjab Police uniform, while the application was filed on behalf of Advocate Syed Waqar.

It was argued in the petition that Maryam Nawaz is not a police officer, Maryam Nawaz wore the uniform of a police officer, the police officers who were with Maryam Nawaz also did not stop her from wearing the police uniform. A request was made to SHO Police Station Old Anar Kali to register a case once morest Maryam Nawaz and others, according to law no person can wear the uniform of state institutions.

The petition further stated that there is a clear law that if an application is made to the police once morest any crime, the police is bound to register the application.

It should be noted that Chief Minister Punjab Maryam Nawaz addressed the passing out parade in Lahore in police uniform.

The Pakistan Bar Council has once more suspended the license of Mashaal Yousafzai

The petitioner says that an application was made to the police once morest Maryam Nawaz, but no action was taken.

The petitioner requested that the court order to register a case once morest Maryam Nawaz for wearing police uniform.

Alleged kidnapped Saudi woman recovered from Karachi, accused in custody

It should be noted that the woman leader of Pakistan Tehreek-e-Insaf (PTI) Dr. Yasmin Rashid has also said that a case should be registered once morest Maryam Nawaz for wearing police uniform.