Private equity firms are circling Evelyn Partners’ accountancy division, which has been put up for sale and is attracting significant interest despite rising regulatory scrutiny. Among the interested parties is Apax, which is reportedly considering a bid for the professional services division that offers accounting and tax services. The unit could be valued at over £500 million, with a deadline ...
The price of oil has surged this week, marking its largest weekly gain in over a year as investors react to escalating tensions in the Middle East. Brent crude, the international benchmark, rose 0.8% on Friday to reach $78.24, capping a 9% weekly increase and approaching the $80 mark last seen in August. West Texas Intermediate (WTI), another key benchmark, ...
US dockworkers have agreed to end a three-day strike that brought shipping to a standstill along the east and Gulf coasts, after reaching a tentative six-year pay deal with the United States Maritime Alliance (USMX). The strike, which began on October 1, halted container traffic at 36 ports from Maine to Texas, affecting major hubs like New York, Baltimore, and ...
GB News is facing a substantial fine for breaching Ofcom’s impartiality rules after losing a High Court bid to block sanctions from the media regulator. A judge rejected the news channel’s request to pause Ofcom’s sanctions process, allowing the regulator to move forward with its planned penalties, including a potentially significant fine. The controversy stems from a live debate programme ...
Saturday marks one month to go until Election Day on November 5. As the presidential campaign enters the home stretch, it remains a margin-of-error race nationally and in the seven key battleground states likely to determine the winner of the election between Vice President Kamala Harris and former President Trump. Both national party chairs are confident of their chances. ‘We’re ...
The United Nations (U.N.) advisory body on artificial intelligence (AI) last week issued seven recommendations to address AI-related risks, but an expert told Fox News Digital the points do not cover critical areas of concern. ‘They didn’t really say much about the unique role of AI in different parts of the world, and I think they needed to be a ...
President Joe Biden held the floor for an impromptu Q&A session Friday afternoon during the White House press briefing, where he claimed Vice President Kamala Harris is ‘in constant contact.’ His comments may not come across as music to the Harris campaign’s ears. In the president’s surprise appearance, he remarked on the port strike, the latest jobs numbers, and briefly on ...
Taiwan’s de facto U.S. ambassador is warning that China, Iran and Russia are forming an ‘alliance’ that the rest of the world should be ready for. It comes days after Secretary of State Antony Blinken said the three autocratic countries were working together but not an ‘axis,’ as they have so often recently been called. ‘They’re working together, that’s for ...
In this StockCharts TV video, Mary Ellen highlights the continuation rally in AI-related stocks while also reviewing broader market conditions. The move higher in yields as well as volatility were discussed heading into next week’s FOMC notes and inflation data. This video originally premiered October 4, 2024. You can watch it on our dedicated page for Mary Ellen on StockCharts TV. New videos from ...
As a bull market reaches an exhaustion point, market breadth indicators often tend to diverge from the price action of the benchmarks. This “breadth divergence” occurs as leading names begin to falter, and initial selling drives some stocks down to new swing lows. Today, we’ll review three market breadth indicators, outline what tends to happen at the end of a bull ...