By Wayne ColeSYDNEY (Reuters) – The yen remained under pressure on Friday as investors wagered the Bank of Japan (BOJ) would wrap up a policy meeting sounding cautious on further tightening, while the U.S. dollar had its own problems as markets priced in more rapid U.S. rate cuts.It has been a tough week for the yen, with the euro gaining 2.2% to 159.46 as speculators booked profit on recent long yen positions.The euro also firmed to $1.1160, up 0.8% for the week and within striking distance of the August peak of $1.1201. A break there would target a July 2023…
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About 98,000 Arizona voters’ eligibility is in limbo for the upcoming election following a citizenship tracking error.The issue, caused by a coding glitch in the state’s motor vehicle database, was discovered by local election officials earlier this month. They found that some registered, full-ballot voters may not have provided citizenship documents in accordance with state law and were miscategorized on the voter rolls.Officials are now scrambling to find solutions to the problem on a tight timeline. They must also determine next steps for impacted voters. As a first step, they are seeking guidance from the state’s highest court on whether…
COLUMBIA, Mo. (KMIZ) This weeks federal interest rate cut effects everything from car loans to mortgage rates, but the Columbia Board of Realtors isn’t expecting mortgage rates to drop by much any time soon. CEO Brian Toohey said mortgage rates have been steadily dropping for a while already in anticipation of the Fed’s rate cut. “They really have already dropped quite a bit since Mid-July, and so I don’t anticipate them to drop a lot further, but they could,” Toohey said. Mortgage rates are sitting at 6.17% on Thursday, according to Mortgage News Daily, which is slightly up from one…
Homebuilder Lennar Reports Better-Than-Expected Q3 Results: DetailsBenzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.Lennar Corp (NYSE:LEN) reported its third-quarter financial results after Thursday’s closing bell. Here’s a look at the details from the report.The Details: Lennar reported quarterly earnings of $3.90 per share, which beat the analyst consensus estimate of $3.63 by 7.44%. Quarterly revenue clocked in at $9.416 billion, beating the consensus estimate of $9.164 billion and representing a 7.86% increase over the same period last year.New orders increased 5% to 20,587 homes.Lennar reported a backlog of 16,944 homes with…
Image source: Getty Images Yesterday (18 September) the PZ Cussons (LSE:PZC) share price dropped by 15%. This is a big move for a FTSE 250 stock that has a market cap of £385m. Yet despite the bad news behind the sharp fall, I’m pretty optimistic about the long-term outlook for the business. Here’s why I’m thinking about buying the stock. Problems in Africa Firstly, let’s get the bad news out of the way. The main reason for the drop was the release of the full-year results. It might seem odd for these to come out in September, but the firm…
The Fed’s cutting cycle in 1995 sparked an economic boom, with the stock market more than doubling in value.Kevin Dietsch/Getty, Tyler Le/BIThe Fed looks like it’s following the same path it did in 1995, according to TS Lombard.That sets the stage for the economy to avoid a recession as it did in the 90s, the firm said.It’s also great news for stocks, as the S&P 500 more than doubled in value that decade.The Fed is following a 30-year-old playbook with its interest rate moves — and that’s good news for the US economy, according to TS Lombard.The firm pointed to…
By any standards, Ad Palmen’s collection wasn’t a barn find by any stretch of the imagination. Starting over 40 years ago with a yellow Lancia B20, it expanded to 230 cars, and the prestige didn’t just stop at Maserati, Lancia, Ferrari, and Alfa Romeo but included Jaguar Aston Martin and many more. Palmen kept his cars in three different locations, including two warehouses and a church. He kept them in pretty good shape by regularly starting up the engines. His collection remained hidden for decades, even from his neighbors, who had no idea that this valuable metal was residing nearby.…
In recent trading activity, Eric Richard Remer, the Chief Executive Officer of EverCommerce Inc. (NASDAQ:EVCM), has sold a significant portion of his holdings in the company. The transactions, which occurred over several days, amounted to a total of $261,328 in value. The sales were conducted at varying prices, with a range between $10.6044 and $10.6924 per share. Specifically, on September 17, Remer sold 10,311 shares at an average price of $10.6913, on September 18, another 7,090 shares were sold at an average price of $10.6044, and on September 19, an additional 7,099 shares were sold at an average price of…
Honda’s 2025 Accord is here, and it’s got a few upgrades. The base LX trim now starts at $29,390, which is a bit more than last year. But you get more standard features for your money, including a larger touchscreen display, a digital instrument cluster, and advanced safety features like collision mitigation braking. There’s also a new SE trim that sits between the LX and the hybrid models. The SE adds some sporty touches like black accents and bigger wheels. It also comes with more features like a sunroof, heated seats, and a better sound system. If you’re looking for…
After ending Wednesday’s session moderately lower following late-day volatility, stocks moved sharply higher during trading on Thursday. The major averages all showed strong moves to the upside, with the Dow and the S&P 500 reaching new record closing highs.The major averages pulled back off their best levels late in the trading session but remained firmly positive. The Dow jumped 522.09 points or 1.3 percent to 42,025.19, the Nasdaq soared 440.68 points or 2.5 percent to 18,013.96 and the S&P 500 surged 95.38 points or 1.7 percent to 5,713.64.The rally on Wall Street came as traders continued to digest the Federal…