CNBC’s Jim Cramer on Thursday said some investors are missing market opportunities because they are too focused on what the Federal Reserve will do next when it comes to interest rates.”I’m not saying the stock market will never go down when the Fed’s easing,” he said. “I am saying there are limits to what the Fed impacts. And I swear by the managers who know a lot about business, and who don’t cower when Jay Powell grabs the mic to talk about the pace of rate cuts.”Many companies aren’t necessarily tied to the central bank’s decision, he said, adding that for some,…
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By Daniel Leussink HIROSHIMA, Japan (Reuters) – Having survived the atomic bomb that flattened his hometown of Hiroshima when he was nine months old, Kunihiko Sakuma has never forgotten the stain it left on him in the eyes of some of his fellow Japanese. Growing up, he constantly heard rumours that survivors carried diseases and their future offspring might be tainted by the radiation from the August 1945 blast. Sakuma left Hiroshima to seek a new life in Tokyo. He started dating a woman, only to find her mother disapproved of her relationship with him. Last week’s awarding of the…
CHICAGO, Oct. 17, 2024 /PRNewswire/ — CME Group, the world’s leading derivatives marketplace, today announced its new CBL Australian Carbon Credit Unit (ACCU) futures have launched and are available for trading. A total of five contracts traded as a block between Freepoint Commodities and Mercuria on October 14, 2024. “We are pleased to see industry interest and support for our new CBL ACCU futures, which are the latest product we have launched with Xpansiv to help clients manage the risks associated with carbon reduction strategies,” said Peter Keavey, Global Head of Energy and Environmental Products at CME Group. “Demand for…
CHICAGO, Oct. 17, 2024 /PRNewswire/ — CME Group, the world’s leading derivatives marketplace, today announced its new CBL Australian Carbon Credit Unit (ACCU) futures have launched and are available for trading. A total of five contracts traded as a block between Freepoint Commodities and Mercuria on October 14, 2024. “We are pleased to see industry interest and support for our new CBL ACCU futures, which are the latest product we have launched with Xpansiv to help clients manage the risks associated with carbon reduction strategies,” said Peter Keavey, Global Head of Energy and Environmental Products at CME Group. “Demand for…
Brownsville Independent School District Superintendent Jesus H. Chavez welcomes students back to school on Monday, Aug. 12, 2024, at Oliveira Middle School during the first day of class. (Miguel Roberts/The Brownsville Herald) Only have a minute? Listen instead As a lifelong advocate for education, I have the privilege of leading Brownsville ISD, where my focus is on providing students with the resources they need to pursue fulfilling careers. In recent years, I have become increasingly optimistic about the transformation taking place in our local economy. I’m particularly excited about the wealth of opportunities for new career paths emerging right here…
At CRU, we know steel inside out. Our market insight dives deep into the entire steel supply chain — from iron ore, coal, and ferroalloys, all the way to DRI/HBI, hot metal, crude steel, slab, billet, and even down to finished steel and end-of-life scrap. Our models are fully integrated across the steel value chain. Partner with us to get valuable access to our team of steel industry experts, with over 150 years of combined experience. They’re ready to engage with you regularly, for in-depth discussions, to support your decision-making and help you navigate everything from price negotiations and daily…
(Bloomberg) — A selloff in Treasuries strengthened the dollar and left equities mixed as new signs of economic vigor led traders to trim expectations for US rate cuts.Most Read from BloombergShares in Japan rose, helped along by a weaker yen, while equities in Australia and South Korea fell. US futures were flat after the S&P 500 retreated from an intraday record Thursday to end the session little changed.Swaps traders further reduced bets on Federal Reserve rate cuts in the remaining two meetings of the year. Treasuries were steady after a Thursday jump in yields pushed an index of dollar strength…
SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania.Anna Moneymaker | Getty Images News | Getty ImagesBillionaire Elon Musk promoted debunked conspiracy theories about election fraud Thursday at the first of a series of planned campaign events across Pennsylvania meant to rally support for former President Donald Trump’s campaign. At a town hall hosted at a high school outside Philadelphia, Musk referred to the false conspiracy theory that Dominion Voting Systems was part of a plot to rig U.S. elections in…
By Tom Westbrook SINGAPORE (Reuters) – The dollar headed for a third weekly gain in a row on Friday, helped by a dovish European Central Bank and strong U.S. data that is pushing out expectations for how fast U.S. rates can fall, particularly if Donald Trump wins the presidency. The euro is down almost 1% for the week so far, has fallen through its 200-day moving average, and at $1.0828 in early Asia trade is parked near a 2-1/2 month low. On a rolling basis, the dollar’s 3.1% three-week gain on the euro is the sharpest rally since the middle…
Climate change is inescapable even for high-net-worth individuals (HNWIs). Its effects are forcing both short- and long-term decisions on HNWIs and their family offices. In the short term, the phenomenon is changing the calculus of where HNWIs choose to live, travel, and do business. In the long term, it is making them question what the world will look like for their children, grandchildren, and society as a whole. Socially responsible and sustainable impact investing give HNWIs tools to protect their short- and long-term interests — and to potentially reap financial rewards along the way. How Climate Change Is Impacting HNWIs …