A tech-led rally brought new record highs for the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) Thursday as investors digested a fresh interest rate cut from the Federal Reserve and Donald Trump’s electoral victory. In a widely expected move, the Fed cut interest rates by 25 basis points on Thursday, lowering its benchmark rate to a range of 4.5% to 4.75%. The S&P 500 rose roughly 0.7%, while the tech-heavy Nasdaq Composite moved nearly 1.5% as shares of chip heavyweight Nvidia (NVDA) and e-commerce giant Amazon (AMZN) rose to new highs. Meanwhile, the Dow Jones Industrial Average (^DJI) traded right…
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By Dave Sherwood and Nelson Acosta ARTEMISA, Cuba (Reuters) -Cuban authorities said they had begun restoring power to the eastern half of the island on Thursday, a day after Hurricane Rafael knocked out the country’s electrical grid, leaving 10 million people in the dark. The grid collapsed on Wednesday as Rafael tore across Cuba with top winds of more than 115 mph (185 kph), damaging homes, uprooting trees and toppling telephone poles. The hurricane had spun off westward into the Gulf of Mexico where it no longer posed an immediate threat to land, the Miami-based U.S. National Hurricane Center said. …
The European Commission’s (EC) 2024 Climate Action Progress Report highlights significant strides in reducing greenhouse gas (GHG) emissions across the EU, with an 8.3% decrease in 2023. This marks one of the largest non-COVID-related declines in recent history, driven largely by a 24% reduction in emissions from electricity production and heating. Trading Carbon, Saving the Planet: How EU ETS Drives Climate Action What makes such a significant reduction in EU emissions possible is the bloc’s Emissions Trading System (ETS). The ETS is a key policy tool that slashes GHG emissions across several high-emitting sectors. It applies the polluter pays principle,…
Pictured here is a construction site of property developer Hongkong Land, in Shanghai on Nov. 4, 2024.Feature China | Future Publishing | Getty ImagesBEIJING – China is widely expected to unveil more stimulus on Friday after its parliament ends a five-day meeting.Authorities here have ramped up stimulus announcements since late September, fueling a stock rally. President Xi Jinping led a meeting on Sept. 26 that called for strengthening fiscal and monetary support, and stopping the real estate market slump.While the People’s Bank of China has already cut several interest rates, major increases in government debt and spending requires approval by…
SINGAPORE (Reuters) – Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will affect U.S. oil and gas output declined while the market continues to weigh how President-elect Donald Trump’s policies might affect supplies. futures fell 26 cents, or 0.3%, to $75.37 per barrel by 0209 GMT. U.S. West Texas Intermediate (WTI) crude gained 35 cents or 0.5% to $72.01. The benchmarks fell after rising nearly 1% on Thursday. For the week, Brent is set to gain 3.1% while WTI is set to rise 4.1% Hurricane Rafael, which has caused 391,214 barrels…
The Swedish brand Our Legacy finally gets investment from the big guys. Source link
OMAHA, NE—In a recent transaction disclosed by Lindsay Corp (NYSE:), Director Di Si Pablo sold 111 shares of common stock on November 6, 2024. The shares were sold at a price of $132.91 each, amounting to a total sale value of approximately $14,753. Following this transaction, Di Si Pablo holds 3,322 shares of the company, which includes restricted stock units that have vested but are deferred under the Lindsay Corporation Directors Nonqualified Deferred Compensation Plan. This sale is part of the ongoing monitoring of insider activities that investors often keep an eye on for potential insights into the company’s outlook.…
By Judith Langowski SAN FRANCISCO (Reuters) – Democratic moderate candidate Daniel Lurie, a philanthropist and heir to the Levi Strauss (NYSE:) fortune, was elected mayor of San Francisco, local media projected on Thursday as the incumbent Mayor London Breed conceded. Voters desperate to improve public safety and revive the economy chose a candidate with no experience in City Hall. Wealthy San Francisco, the tech center, is struggling to solve problems including homelessness, a fentanyl epidemic and an empty downtown. Tackling the city’s problems as an outsider was one of Lurie’s main selling points to voters, who opted for a change…
Editor’s note: This story has been updated to correct the name of the Bernstein analyst covering Ford. Ford Motor Company (NYSE:F) shares are trading lower on Thursday. Bernstein analyst Daniel Roeska downgraded Ford Motor from Outperform to Market Perform, with a price forecast of $11. In an unrelated development, Ford revealed on Thursday that it is experiencing record sales growth in the Middle East in 2024, driven by strong performance in key markets and the introduction of its freshest lineup to date. The launch of the Mustang Mach-E and Territory Hybrid highlights Ford’s commitment to an electrified future in the region.…
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