Islamic fund to adopt internal dividend purification model

Walmart's U.S. CEO has taken a notable political stance by endorsing a key policy from the Trump administration, highlighting the company's commitment to investing in the U.S. economy. This move is significant as it contrasts with the typical reluctance of CEOs to engage in political discussions, showcasing Walmart's willingness to navigate complex political waters. By acknowledging the benefits of certain policies, Walmart not only positions itself as a proactive player in the economic landscape but also sparks conversations about the intersection of business and politics.

The ongoing debate about AI investment's impact on economic growth raises important questions for businesses and policymakers alike. While some argue that investing in AI can drive innovation and efficiency, others caution that it may lead to job displacement and economic inequality. Understanding the balance between these perspectives is crucial as we navigate the future of technology and its role in our economy.

Westwater Resources has registered up to $75 million in stock for an at-the-market offering, a move that could significantly bolster its financial position. This offering allows the company to raise capital more flexibly, which is crucial for funding its ongoing projects and initiatives. Investors may see this as a positive sign of the company's growth potential and commitment to expanding its operations.

UTime has successfully closed a $25 million registered direct offering, marking a significant milestone for the company. This funding will enable UTime to enhance its operations and expand its market presence, which is crucial for its growth strategy. Investors are optimistic about the potential returns, making this a noteworthy development in the investment landscape.

LenderMAC has successfully secured a strategic investment from Ares, which is set to bolster its growth in the non-QM lending sector. This partnership is significant as it not only enhances LenderMAC's financial resources but also positions the company to better serve a growing market of borrowers who do not fit traditional lending criteria. The investment reflects confidence in LenderMAC's business model and its potential to expand its offerings, ultimately benefiting consumers seeking flexible mortgage solutions.

NSTAR Electric has announced the issuance of $300 million in new debentures with a 5.20% interest rate, maturing in 2035. This move is significant as it allows the company to raise capital for future projects and investments, potentially enhancing its financial stability and growth prospects. Investors may find this offering attractive due to the competitive interest rate, which reflects NSTAR's strong market position.

Coventry Building Society has announced an extension of maturity dates for £2 billion in bonds, a move that reflects its strong financial position and commitment to stability. This decision is significant as it allows the society to manage its liabilities more effectively while providing reassurance to investors about its long-term viability.

UBS has upgraded its outlook on global equities to 'attractive', largely driven by advancements in artificial intelligence. This shift is significant as it reflects growing confidence in the market's potential, particularly in sectors poised to benefit from AI innovations. Investors may find this an opportune moment to reassess their portfolios, considering the positive implications of AI on economic growth and corporate profitability.

A US court has ordered the spyware company NSO to cease its targeting of WhatsApp, a significant ruling that underscores the growing scrutiny on surveillance technologies. This decision is important as it aims to protect user privacy and sets a precedent for how courts may handle similar cases in the future.

Kering is reportedly close to finalizing a $4 billion sale of its beauty unit to L’Oreal, according to the Wall Street Journal. This deal is significant as it marks a strategic shift for Kering, allowing the luxury goods company to focus more on its core fashion brands while L’Oreal expands its portfolio in the beauty sector. Such a transaction could reshape the competitive landscape in the beauty industry, highlighting the ongoing trend of consolidation among major players.

Nvidia is making waves in the AI sector with its Vera Rubin project, potentially sparking another surge in artificial intelligence advancements. The company has transformed from a traditional tech player to a market leader, boasting a market cap exceeding $4 trillion. This growth not only highlights Nvidia's pivotal role in the tech industry but also positions it as a key driver of the S&P 500, influencing broader market trends. As AI continues to evolve, Nvidia's innovations could shape the future of technology and investment.

Paramount and Skydance are set to cut 2,000 jobs in the U.S. starting the week of October 27, as reported by Variety. This significant reduction in workforce highlights the ongoing challenges faced by the entertainment industry, particularly in the wake of economic pressures and changing consumer behaviors. The layoffs not only impact the employees directly affected but also signal broader trends in the industry that could affect future productions and job stability.

In a candid admission, Stephen Moore, a former economic advisor to Trump, has expressed concerns about the negative impact of tariffs on economic growth and consumer prices. Speaking to Fortune, he highlighted that tariffs essentially act as taxes, which he believes are detrimental to the economy. Moore also voiced apprehension over Trump's recent comments regarding price controls on essential goods like drugs and beef, suggesting that such interventions could further complicate economic stability. This matters because it reflects a growing unease among even Trump's allies about the long-term effects of his economic policies.

The seafood industry is facing significant challenges, with many chains, including Red Lobster, struggling to stay afloat. Rising costs of key ingredients like shrimp and lobster, combined with a decline in consumer interest, have led to a series of restaurant closures, leaving only 18 locations operational. This situation highlights the broader issues within the industry, as affordable seafood becomes increasingly difficult to provide, impacting both businesses and consumers.