The People’s Bank of China Sets Yuan Reference Rate Understanding the USD/CNY and USD/CNH Exchange Rates The People’s Bank of China (PBOC) recently set the onshore yuan (CNY) reference rate for the trading session ahead. The USD/CNY is the onshore yuan, which is permitted to trade within a range of plus or minus 2% from…
Revolutionizing Transportation: Paris Olympics to Test Flying Taxis, Says Minister France’s Innovative Transportation Initiative France’s transport minister, Patrice Vergriete, has announced a groundbreaking decision that is set to revolutionize transportation during the Paris Olympics. Flying taxis, futuristic drones capable of transporting multiple passengers, will be authorized for experimental use during the prestigious sporting event. This…
Welcome to the Rosen Law Firm Blog! Don’t Miss the Deadline for Beyond Meat, Inc. Investors! June 08, 2023 Hey there, savvy investors! If you’ve been keeping tabs on the latest news in the stock market, you may have heard about the recent developments involving Beyond Meat, Inc. (NASDAQ: BYND). It’s always important to stay…
Latest Market News US Stocks Retreat Amid Earnings Reports and Tariff Talks US stocks retreated on Friday, stalling a recent rally as investors digested the latest batch of earnings and weighed President Donald Trump’s hints at a softer stance on China tariffs. The Dow Jones Industrial Average fell 0.3%, while the S&P 500 also slipped…
Global Minimum Tax on Billionaires: A Game-Changer or Wishful Thinking? The Proposal Renowned economist Gabriel Zucman released a blueprint Tuesday showing the world’s governments that a global minimum tax on billionaires would be both technically feasible and economically beneficial, leaving political will as the only major obstacle preventing transformative changes to an international tax structure…
Securities Class Action Lawsuit Filed Against CrowdStrike Holdings, Inc. Overview The law firm of Kessler Topaz Meltzer & Check, LLP has announced the filing of a securities class action lawsuit against CrowdStrike Holdings, Inc. The lawsuit, filed in the United States District Court for the Western District of Texas, is on behalf of investors who…
Commercial Metals Company Announces Strong Fourth Quarter Results Key Financial Highlights: Fourth Quarter: Net earnings of $103.9 million, or $0.90 per diluted share Consolidated core EBITDA of $227.1 million with a margin of 11.4% Tensar division achieved its most profitable quarter, driving Emerging Businesses Group adjusted EBITDA margin to 21.7% Annual: Annual net earnings of…
Investigation into AstraZeneca PLC: What Investors Need to Know Stay Informed, Stay Involved Hey there, savvy investors! Have you heard the latest news about AstraZeneca PLC? If not, allow me to fill you in on the details. Levi & Korsinsky, a well-known firm, has recently launched an investigation into AstraZeneca PLC for potential violations of…
