New York, New York–(Newsfile Corp. – December 21, 2024) – WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Unisys Corporation (NYSE: NYSE:) resulting from allegations that Unisys may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Unisys securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. To join the prospective class action,…
Author: user
Nicole Chan Loeb is a 38-year-old photographer, videographer, and a mother-of-two. She and her husband prioritize experiences over gifts, so they invest for their kids in lieu of toys. They want to teach their children financial literacy and set them up for a secure financial future. This as-told-to essay is based on a conversation with Nicole Chan Loeb, a photographer and videographer from Boston. It’s been edited for length and clarity. My kids are 1.5 and 4 years old, and I’ve never bought them any physical presents for birthdays and holidays. For birthdays, I’ll make a cake, and instead of…
Image source: Getty Images Penny shares have greater profit potential, right? And there’s less to lose? Hmmm. Those are both mistaken thoughts. The maximum we can lose from a penny share is 100%, exactly the same as with any stock. And I’d say there’s probably a greater chance of a wipeout, as something has usually gone wrong to send them to such low levels. I’ll briefly mention one as a caution. I won’t name the company, but five years ago its shares were priced at around 1p. Not much to lose? They’ve crashed more than 95% since then. The value…
(Dec 20): The S&P 500 and the Nasdaq dipped on Friday as fears over high interest rates next year loomed, although a cooler-than-expected inflation report kept losses in check. A Commerce Department report showed the Personal Consumption Expenditure (PCE) index, the Fed’s preferred inflation measure, rose 2.4% in November on an annual basis, below estimates of 2.5%, as per economists polled by Reuters. After the data, traders raised their rate cut bets for 2025, now expecting a rate cut first in March and then again by October. Before the data, there was about 50% chance of a second rate cut…
By Joshua McElwee VATICAN CITY (Reuters) -Pope Francis on Saturday again condemned Israeli airstrikes in Gaza, a day after an Israeli government minister publicly denounced the pontiff for suggesting the global community should study whether the military offensive there constitutes a genocide of the Palestinian people. Francis opened his annual Christmas address to the Catholic cardinals who lead the Vatican’s various departments with what appeared to be a reference to Israeli airstrikes on Friday that killed at least 25 Palestinians in Gaza. “Yesterday, children were bombed,” said the pope. “This is cruelty. This is not war. I wanted to say…
The stock market hates surprising economic news. The latest evidence: Stocks plummeted on Wednesday after Fed officials signaled that they expect to cut interest rates only two times next year — down from the four projected in September. The news triggered a sell-off that ended in a 3% drop in the S&P 500 (^GSPC) and 3.6% for the Nasdaq (^IXIC). The Dow (^DJI), which was set to snap a historic losing streak, traded its gains for a 2.6% loss. But unlike daily market fluctuations, your retirement strategy is a long game. “We have seen the market go down every year…
The Federal Reserve lowered its interest rate target three times in 2024.This has many Americans waiting for mortgage rates to fall. But that may not happen for some time.”I think the best case scenario is we’re going to continue to see mortgage rates hover around six and a half to 7%,” said Jordan Jackson, a global market strategist at J.P. Morgan Asset Management. “So unfortunately for those homeowners who are looking for a bit of a reprieve on the mortgage rate side, that may not come to fruition,” Jordan said in an interview with CNBC.Mortgage rates can be influenced by…
MEXICO CITY (Reuters) – Guatemalan authorities rescued 160 children and adolescents from the fundamentalist Jewish sect Lev Tahor in southeastern Guatemala on Friday following allegations of child abuse, including rape, prosecutors said. WHY IT’S IMPORTANT The rescue operation in the agricultural municipality of Oratorio, 78 kilometers (48.47 miles) southeast of Guatemala City, highlights ongoing concerns over the controversial practices of the Lev Tahor sect, which has faced similar allegations in the past. KEY QUOTE “Based on the statements of the complainants, the evidence obtained, and the medical examinations, it was possible to establish that there are forms of human trafficking…
(Bloomberg) — The European Central Bank will go on lowering borrowing costs in 2025, according to Governing Council member Boris Vujcic. Most Read from Bloomberg “The direction is clear, it’s the continuation of the direction from 2024, and that is the further reduction of interest rates,” the Croatian central bank chief told state broadcaster HRT1 in an interview Saturday. The ECB last week cut the deposit rate by a quarter point to 3%, the fourth such move since June. Officials have indicated that more steps will follow, though the differ on how many will be necessary. “I don’t know until…
Emergency services and firefighters are on duty at the Christmas market in Magdeburg on Dec. 20, 2024 in Saxony-Anhalt, Magdeburg. Dörthe Hein | Picture Alliance | Getty ImagesGerman authorities said on Saturday that the death toll from a car-ramming attack on a Christmas market in eastern Germany had risen to five people, with more than 200 injured, dozens of them critically.The car plowed 1200 feet into a crowd in a narrow alley in Magdeburg, a city of about 240,000 people west of Berlin, where shoppers had gathered Friday night.”This is a terrible, tragic event,” German Chancellor Olaf Scholz told reporters from…