Now that the twin inflation reports are in the rearview mirror, U.S. stocks are hanging onto the slender optimism as traders look ahead to the Federal Reserve’s rate-setting meeting. The numbers did little to belie expectations of a cut at next week’s meeting, although they did pour cold water on a bigger cut. The major index futures are little changed in early trading. Tidings from the tech sector has been mixed, potentially triggering caution amid the week’s runup. A consumer sentiment report with a few forward inflation expectations readings could be on traders’ radar. Some profit-taking can not be ruled…
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There is a legitimate debate to be waged over the current two-thirds voter threshold for approval of local bond measures in California.Some feel it’s too stringent, undermining the will of the majority. Others argue it’s an appropriately tough hurdle to ensure that there is broad consensus before saddling future generations with additional tax debt.But asking voters to settle that debate, by placing Proposition 5 on the Nov. 5 ballot, is putting the cart before the horse. California lawmakers should have first fixed the current deceitful ballot and campaign practices of local agencies and businesses that financially benefit from passage of…
MUMBAI (Reuters) – India’s foreign exchange reserves extended their winning run for a fourth straight week to hit a record high of $689.24 billion as of Sept. 6, data from the central bank showed on Friday.The reserves rose by $5.3 billion in the reporting week, after having risen by a total of $13.9 billion in the prior three weeks.The RBI intervenes on both sides of the foreign exchange market to prevent undue volatility in the rupee.These interventions, via state-run banks in the spot market, helped avert a steeper decline in the local currency, which has hovered close to 84 per…
US stocks edged higher on Friday, setting the stage for strong weekly wins after Wall Street’s expectations for a jumbo interest rate cut by the Federal Reserve shot up overnight.The S&P 500 (^GSPC) moved up about 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) climbed just over the flat line to point to a fifth day of gains for both gauges amid a comeback for tech stocks. The Dow Jones Industrial Average (^DJI) also added roughly 0.2%.Stocks are rising as the market warms once again to the likelihood of a half-point rate cut by the Fed after virtually writing off the…
Join Our Telegram channel to stay up to date on breaking news coverage Aave (AAVE) is showing resilience in a fearful market, outperforming many altcoins negatively impacted by Bitcoin’s downturn. As of now, AAVE is priced at $142.16, with a market cap of $2.13 billion. While AAVE has dropped 4.89% in the past 24 hours, it has gained 12.81% over the last week and surged by 41.31% in the past month. Aave is a decentralized finance (DeFi) platform that enables users to lend and borrow cryptocurrencies. Built on the Ethereum blockchain, it uses smart contracts to automate these transactions without…
Warhammer 40,000: Space Marine 2 has arrived on PC, with players facing huge waves of Tyranid foes in levels that stress even high-end CPU and GPU hardware to their limits. This title is often CPU-limited, especially in levels where you’re engulfing ripper swarms with flamers, but judicious settings choices can still claw back some extra performance. One of the most impactful settings is SSR quality, which can be set to off, default or high. Our testing shows around a 10 percent performance advantage from using the default setting rather than high, as measured on an RTX 4060 using DLSS native.…
A Roth IRA is one of the best possible ways to invest for retirement, and in fact, many experts think it’s the single best retirement account to have. That’s because a Roth IRA allows you to grow your money tax-free for decades and then withdraw it without paying taxes in retirement, too. You can build up a nest egg that the government will never be able to touch again.Naturally, it makes sense to take full advantage of this account by maxing out your annual contributions. But what are the best investments for your Roth IRA?You’ll want to focus on investments…
COPENHAGEN (Reuters) – DSV is on the verge of becoming the world’s biggest logistics firm after agreeing to buy Schenker, the logistics arm of German state rail operator Deutsche Bahn, for 14.3 billion euros ($15.85 billion).DSV, a logistics firm that started as a small enterprise of 10 truckers in 1976, has grown rapidly through a string of successful acquisitions – some larger than the company itself – in a crowded logistics market.WHAT IS DSV?Beginning with 10 truckers in 1976, DSV has more than 75,000 employees today. Combined with Schenker, the company will have a workforce of 147,000 and revenue of…
European stock markets extended gains, gold hit a record high and the dollar fell on Friday ahead of an expected US interest-rate cut next week.More data this week suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for global equities after recent drops caused by worries of a possible US recession.Asia’s main stock markets diverged as they closed out the week, while Wall Street advanced Thursday.While concerns linger over last week’s big miss on US jobs creation, traders are turning their attention to the central bank decision next Wednesday.“Gold prices are once again at record…
Colin Gray, the father of accused Apalachee High School shooting suspect Colt Gray, asked a Georgia judge on Wednesday to keep him separate from other jail inmates because of the “incalculable number of threats” of violence and harm against him, including death threats, according to a motion filed by his attorneys.The “nonstop barrage” of public information about the shooting, which saw four people killed at the Winder, Georgia, high school, stirred “feelings of anger and retribution manifested in the collective psyche, of both the public and community at large,” Gray’s attorneys wrote.Two students and two teachers were killed in the…