Investing.com – Headline US inflation accelerated slightly as expected in October, according to Labor Department data that will likely be closely-monitored by the Federal Reserve ahead of its upcoming policy meeting next month. The , a key gauge of price growth in the world’s largest economy, rose by 2.6% on an annualized basis last month, compared to 2.4% in September. Month-on-month, the moved up by 0.2%, matching September’s pace. Meanwhile, the so-called “core” measure, which strips away more volatile items like food and fuel, increased by 3.3% and 0.3% . Both equalled the metric logged in September. All of the readings…
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A German energy firm has said that Donald Trump’s election victory has increased the risks of investing in offshore wind projects – but his return to the White House could help bolster Britain’s renewables sector, according to UK developer SSE.Germany’s RWE has cut its spending plans and warned that, as a result of the US election, “the risks for offshore wind projects have increased”.The company, which is behind a string of wind and solar projects, on Wednesday shaved €3bn from its spending plans for the next financial year to €7bn, down from €10bn in 2024. It will also delay its…
Spirit Airlines (SAVE) stock was sinking sharply Wednesday, after a report late Tuesday indicated that the ultra-low-cost carrier is preparing to file for bankruptcy.The Wall Street Journal (NWSA), citing unnamed sources familiar with the matter, reports that the bankruptcy talks come after a potential merger with Frontier Airlines fell apart. A bankruptcy filing could happen within weeks, The Journal reports, as the airline has faced steep losses and looming debt costs.Spirit Airlines stock was down almost 65% in pre-market trading on Wednesday, to $1.14 per share. It rebounded slightly after markets opened to trade down about 57%, at $1.38 per…
Image source: Getty Images National Grid (LSE: NG.) posted what I saw as upbeat first-half results on 7 November, but the shares haven’t done much in response. The share price at the time of writing is down a bit since the pre-results close. And we’re talking of a FTSE 100 stock with a tasty forecast 5.6% dividend yield here. National Grid shares have lost 8.6% so far in 2024, while the Footsie is up 3.6%. That’s largely due to a big dip in May when the company revealed its £7bn rights issue. Quickly back But what happened in the following…
It’s been clear, over the past few years, that the UK’s public sector has faced significant financial struggles – grappling with issues ranging from deteriorating infrastructure to the immense operational and financial pressures on the NHS. Chancellor Rachel Reeves revealed a £22 billion “black hole” in public finances this year, and this doesn’t necessarily come as a huge surprise.This challenge is so stark, that the Local Government Association has found that nearly one in five local councils are likely to be facing bankruptcy by March 2025 – with the County Councils Network forecasting a £54 billion funding shortfall facing England’s…
ElectroCore Inc. (NASDAQ:) shares have surged to a 52-week high, reaching a price level of $13.72. The company, known for its non-invasive vagus nerve stimulation therapy, has seen a remarkable 133.52% change over the past year, reflecting significant investor confidence and a strong market performance. This impressive ascent marks a period of robust growth for ElectroCore, as the stock climbs to new heights, signaling potential optimism in the company’s future prospects and its position within the medical technology sector. In other recent news, electroCore, Inc. has seen significant changes in its executive ranks and financial performance. The company reported the…
Many young freefincal readers appear to be overconfident about their equity investments. This could spell trouble for their dreams.I hate to break it to you, but there is no proof that long-term equity investing will always give you “good returns”. All those arguments about the economy growing and the equity market reflecting those returns are mere opinions peddled by sales guys, fanned by ignorant influencers and heightened to legend by naive and lazy investors. See: Long-term investing in equity comes with no guarantees of success!Yes, equity offers a more than reasonable chance of beating inflation (not matching your expected return), but…
Image source: Getty Images BAE Systems (LSE: BA.) shares have easily outperformed the wider FTSE 100 in recent years. But the drivers behind this success — wars, escalating geopolitical relations, and rising defence spending — are far from celebratory. So far this year, BAE stock is up 21%, bringing the five-year return to around 135%. Nearly all of that gain however, has come since Russia’s shocking invasion of Ukraine in February 2022. But with Donald Trump back in the White House, pledging to end all ongoing conflicts, I’ve been wondering what to do with my shares in BAE. Sell up,…
Following today’s , traders of short-term interest-rate futures contracts adjusted their expectations to now see a heightened probability of an additional quarter-point interest rate cut by the Federal Reserve in its December meeting. The likelihood of a Fed rate cut to the 4.25%-4.5% range in December has increased to 80%, a significant rise from the roughly 60% chance priced in prior to the inflation data release. Furthermore, traders anticipate a deceleration in the pace of rate reductions for the following year, with expectations that the Fed will pause rate cuts once the policy rate reaches the 3.75%-4% range. “Barring any…
A new electrode design developed at MIT boosts the efficiency of electrochemical reactions that turn carbon dioxide into ethylene and other products. Credit: Simon Rufer, Kripa Varanasi, et al As the world struggles to reduce greenhouse gas emissions, researchers are seeking practical, economical ways to capture carbon dioxide and convert it into useful products, such as transportation fuels, chemical feedstocks, or even building materials. But so far, such attempts have struggled to reach economic viability. New research by engineers at MIT could lead to rapid improvements in a variety of electrochemical systems that are under development to convert carbon dioxide…