UPDATE: Chattanooga firefighters spent hours trying to put out a fire that ultimately destroyed a home in Hixson on Thursday.CFD crews were called to the home on Patriot Lane in the Big Ridge community at around 4:30am.The fire started in the backyard, and quickly spread, consuming the decks and eventually reaching the house.Firefighters were able to keep the flames at bay for most of the morning, but unsafe conditions led to major issues.As the structural integrity of the home waned, crews on the frontline fighting the fire were forced to pull back.The home ended up collapsing, resulting in a total…
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The recent rebound from its 10 September low of 18,186 has faced a hurdle to clear above its 20-day moving average. Several key elements are advocating for a potential short to medium-term bearish reversal. Watch the key resistance at 18,660. After the 9.4% drop seen in the Germany 30 CFD Index (a proxy for the DAX futures) from the 12 July 2024 high to the 5 August 2024 low, its price actions have recouped all its prior losses and revisited its current all-time high area at 18,930/18,994. Since 3 September, it has faced a hurdle to clear above the 18.930/18,994…
(Bloomberg) — China’s government bonds extended an advance, sending benchmark yields to a record low, as traders piled into the securities despite the authorities’ pushback against the rally.Most Read from BloombergThe yield on the most actively traded 10-year sovereign notes slid to 2.075%, a level unseen since official record became available in 2002. The move came even as state banks were seen becoming more active in selling long-dated bonds in the secondary market in recent days, a sign the People’s Bank of China may have intervened to cool the rally.The development underscores a wide difference between where traders and Chinese…
Occidental Petroleum shares have dropped 29% since mid-April, impacting Warren Buffett’s stake in the company.The decline aligns with a 23% drop in crude oil prices on concerns about demand and excess supply.Berkshire Hathaway’s $13 billion stake in Occidental Petroleum may be underwater, based on estimates.A steady decline in oil prices this year has led to one of Warren Buffett’s big stock bets to turn sour.Shares of Occidental Petroleum have plunged 29% since mid-April and are down 15% year-to-date, trading just above the $50 level on Thursday at 10:04 a.m.The price decline in Occidental shares has coincided with a 23% decline…
Lumen (NYSE: LUMN) stock posted explosive gains in Thursday’s trading. The telecom company’s share price closed out the daily session up 10.1%, according to data from S&P Global Market Intelligence.Lumen soared today following a new disclosure filing that was submitted to the Securities and Exchange Commission (SEC). The filing showed that an investor named Daniel Hagan now owns a large position in the company. Hagan is not a widely known public figure or a household name in the investing world, so why did the recent filing trigger such a big valuation increase for the stock?A little-known investor stakes a huge…
Sep. 12—Spokane Mayor Lisa Brown has backed down from an effort started by her predecessor to disperse addiction treatment services from the city’s downtown core, after a concerted push by businesses to oppose the plan.The administration had in recent months begun to move forward with plans to spend more than $1.8 million of its remaining COVID-19 relief funds to purchase a building in the Chief Garry Park Neighborhood where Compassionate Addiction Treatment could relocate out of its current location near the intersection of Second Avenue and Division Street, one of the most visible centers of the addiction and homelessness crises…
TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” second-quarter investor letter. A copy of the same can be downloaded here. The equity markets performed well in the second quarter, as long as one held only a small number of the biggest, fastest-growing U.S. stocks. Given the Magnificent Seven’s superior performance, differences in growth and value among large caps were downplayed. There wasn’t much style diversity between mid-caps, small caps, or outside the U.S. In the second quarter, the strategy returned -2.94% (gross) and -3.14% (net) while the Russell Midcap Growth Index returned -3.21%.…
Tired of glancing at the same old macOS Dock every day? While you’ll find multiple ways to customize your Mac’s Dock when you head to System Settings, there are certain hidden settings you can only activate using the Terminal app. 1 Tweaking the Dock Size Before you can customize your Mac’s Dock, you’ll need to open the Terminal on your Mac. While there are many ways to open Terminal, my preferred method is using Spotlight Search. To do so, press both the Cmd and Space keys. Then, type “Terminal” and hit Return (or Enter). While you can adjust the Dock’s…
(Bloomberg) — Retail investors are pouring into CME Group Inc.’s micro gold futures contract while the precious metal sets another record.Most Read from BloombergThe average daily volume — an important metric used to assess the liquidity and activity level of a security — stood at 99,527 contracts as of Sept. 11, surpassing the amount for all of 2020 when it reached an all-time high of 86,101 lots, according to data from the US’s largest derivatives exchange.Investors have been flocking to gold amid growing expectations the Federal Reserve will embark on a rate-cutting cycle soon. The metal also is seen as…
(Bloomberg) — Investors are using their massive cash piles to lock in attractive yields in global bond markets, helping to limit losses in the asset class, according to Mohamed El-Erian.Most Read from BloombergDemand for Treasuries is strong as demonstrated with this week’s auctions. And US money-market fund assets continue to surge, most recently rising to an all-time high in the week through Wednesday — offering fresh evidence that the desire for cash remains persistent even as the Federal Reserve prepares to cut interest rates.The sale of $39 billion 10-year US Treasury notes Wednesday had “massive indirect demand,” El-Erian, the president…