Japan’s stock market rallied Monday as the yen slipped to a three-month low following news that Prime Minister Shigeru Ishiba’s ruling coalition lost a parliamentary majority in the nation’s election. The ruling Liberal Democratic Party (LDP) and its coalition partner Komeito secured 215 out of 465 seats — falling short of the 233 needed to win power in Japan’s lower house. The outcome of this snap election signals that Ishiba may face difficulties in getting his party’s policies passed in parliament. The LDP may have to form a new coalition with a third party. Such a phenomenon raises uncertainties as…
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Inspirato Inc. (NASDAQ:ISPO), a company specializing in luxury travel membership, announced today that it has regained compliance with Nasdaq’s minimum market value requirement for continued listing on the exchange. The Nasdaq Hearings Panel has decided to maintain the listing of Inspirato’s securities following the company’s fulfillment of the necessary conditions. On Monday, Inspirato received a notification confirming that it met the Nasdaq Listing Rule 5450(b)(2)(C), which requires maintaining a minimum market value of publicly held shares. This follows a previous decision by the Panel on August 5, 2024, to grant the company an extension to meet this requirement. Inspirato’s compliance…
GREEN BAY, Wis. — Brad Vincent Hutjens, Executive Vice President and Chief Credit Officer at Nicolet National Bank, part of Nicolet Bankshares (NASDAQ:) Inc. (NASDAQ:NIC (NASDAQ:)), recently executed a stock sale worth $110,975. According to a recent SEC filing, Hutjens sold 1,079 shares of common stock on October 25 at a price of $102.85 per share. In addition to the sale, Hutjens exercised stock options to acquire 1,079 shares at a price of $48.85 each, totaling $52,709. Following these transactions, Hutjens holds 26,674 shares directly, along with 1,818 shares held indirectly through a 401(k) plan. The filing also notes Hutjens’…
CNBC’s Jim Cramer on Monday discouraged investors from making any moves in high-value stocks ahead of earnings reports, especially in Big Tech — which will be viewed with intense scrutiny.”No one on Wall Street knows what any of the quarters will look like, except for the principals,” he said. “So don’t bother to follow the money that you see trading right now in anticipation. You know why? It’s a fool’s errand.”For example, he described why it’s difficult to trade Alphabet based on earnings, saying that often some data in the Google parent’s quarter fails to impress Wall Street. He speculated…
The limits on U.S. investors’ ability to fund projects that could aid China’s military take effect on Jan. 2. Source link
John Joseph Powers, Executive Vice President and General Counsel at First Busey Corp (NASDAQ:), recently disclosed a stock purchase in a regulatory filing. On July 30, Powers acquired 131.433 shares of the company’s common stock at an average price of $28.1882 per share, totaling approximately $3,704. This transaction was conducted through an Employee Stock Purchase Plan, as noted in the filing. Additionally, on October 25, Powers received 508 shares as dividend equivalent rights related to Restricted Stock Units, with no cash consideration involved. Following these transactions, Powers holds 90,447.8472 shares directly and 20,456 shares indirectly through a 401(K) & Profit…
The European Union’s Carbon Border Adjustment Mechanism (CBAM), designed to impose a carbon tax on imports to reduce greenhouse gas emissions, is at the center of discussions regarding its potential impact on Asia’s voluntary carbon credit market and export product prices. At the Asia Climate Summit held in New Delhi on October 24, experts shared their views on CBAM’s anticipated influence on these two aspects. CBAM aims to tax imported goods based on their associated carbon emissions, applying an entry tax according to the carbon intensity of products. However, voluntary carbon credits, primarily used by companies to voluntarily offset emissions,…
Introduction What do business development companies (BDCs) and covered call and preferred income strategies have in common? Most obviously, they all offer dividend yields well above those of the S&P 500 and are especially popular among yield-hungry retail investors. Less obviously, all these strategies have underperformed the S&P 500 on a total return basis over the long term. Put another way, dividend investors are trading capital for income. Do investors need to accept lower returns in exchange for high dividend yields? No, they do not. In fact, do-it-yourself (DIY) high-dividend strategies can generate enviable income without sacrificing capital. High-Dividend Stock…
Referendums to raise a total of more than $50 billion for transit, bike and pedestrian projects are on the ballot in at least 21 cities, counties and states, including metro Atlanta, San Francisco, San Diego, the Phoenix area, Nashville, Charleston, Seattle and Columbus, Ohio. (Smart Cities Dive) Lyft agreed to pay a $2.1 million fine to settle federal charges that it misled drivers about how much money they could make on the app. (Reuters) Los Angeles has a $3.3 billion wish list of transit projects for a car-free Olympics, but only 5 percent is funded let alone built. (Governing) Why…
The administration of President Joe Biden has finalized curbs on US investments in sensitive technologies like semiconductors in China that pose a threat to national security, the Treasury Department said Source link