BEIJING, CHINA – DECEMBER 02: The People’s Bank of China (PBOC) building isn seen on December 2, 2024 in Beijing, China. Visual China Group | Getty ImagesChina kept its main benchmark lending rates unchanged on Friday, as Beijing faces the challenge of bolstering economic growth while backstopping a weakening yuan.The People’s Bank of China said it would steady the one-year loan prime rate at 3.1%, with the five-year LPR at 3.6%. The 1-year LPR affects corporate and most household loans, while the 5-year LPR serves as a reference for mortgage rates. The move was expected according to a Reuters poll of…
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SAN ANTONIO—Sardar Biglari, Chairman and CEO of Biglari Holdings Inc. (NYSE:BH), has made significant purchases of the company’s stock, according to a recent SEC filing. On December 17, Biglari acquired shares of both Class A and Class B common stock, totaling approximately $1.5 million. The purchases were made at a price range between $249.55 and $1250.34 per share. The timing appears strategic, as InvestingPro data shows BH stock has gained nearly 31% over the past six months and maintains a healthy P/E ratio of 1.37. The transactions were conducted through The Lion Fund, L.P., where Biglari Capital Corp., of which…
R. David Spreng, President and CEO of Runway Growth Finance Corp. (NASDAQ:), has recently acquired 1,000 shares of the company’s common stock at a price of $10.34 per share, totaling $10,340. This transaction, dated December 19, 2024, increases his direct ownership to 70,531.84 shares. The purchase comes as the $382 million market cap company trades near its 52-week low of $9.87, with a P/E ratio of 10x and an attractive Price-to-Book ratio of 0.75. According to InvestingPro analysis, management has been consistently buying back shares, showing strong insider confidence. Additionally, Spreng holds indirect ownership of 209,510.92 shares through Runway Growth…
Investing.com– Analysts at Bank of America (BofA) expect limited downside for Japanese equities despite global uncertainties following recent policy updates by the Federal Reserve and the Bank of Japan (BoJ). The Federal Open Market Committee (FOMC) struck a hawkish tone on December 18, scaling back 2025 rate cut expectations to two from the previously projected four. In Japan, BoJ Governor Kazuo Ueda hinted at the possibility of a rate hike but refrained from signaling urgency. This tempered market expectations, weakened the yen, and influenced trading sentiment. BofA analysts said that Japanese equities could feel some pressure from U.S. stock market…
Instant loan apps have transformed the lending scenario by providing quick and easy access to finances with just a few clicks on your phone. However, as such apps gain popularity in the financial landscape, the scams associated with them have risen as well.1. Registered and authorised by RBIThe Reserve Bank of India (RBI) regulates all formal lending activities in India. It is mandatory for every instant loan app to register with the RBI. This step is essential to ensure that such platforms adhere to rules and regulations mandated by the central bank to protect borrowers from fraud. Having RBI’s nod…
The crypto momentum we’ve seen all fall and early winter hit a big snag over the past 24 hours after the Federal Reserve cut interest rates. That may sound like a good thing on the surface, but as part of the cuts the Fed also said it expects inflation and unemployment to rise more than expected in 2025. Add it up and investors are selling risk assets today. Bitcoin (BTC -2.68%) is the biggest loser, falling 6.2% in the past 24 hours as of 3 p.m. ET and dropping below the $100,000 level. Ethereum (ETH -5.86%) is down 9.7% in…
By Arriana McLymore, Nathan Frandino and Greg Bensinger NEW YORK/SAN FRANCISCO (Reuters) -Amazon.com workers at seven U.S. facilities walked off the job early on Thursday during the holiday shopping rush as workers protest what they say is the retailing giant’s unfair treatment of its employees. Warehouse workers in cities including New York, Atlanta and San Francisco were taking part in what Teamsters officials called the largest-ever strike against Amazon (NASDAQ:) – but which may cause barely a ripple in the company’s extensive shipping operations. As the world’s second-largest private employer after Walmart (NYSE:), Amazon has long been a target for…
The developments surrounding Super Micro Computer (NASDAQ: SMCI) have become some of the most fascinating chapters in the broader artificial intelligence (AI) story. At its peak, shares of Supermicro were up over 300% earlier this year. However, beginning in August, shares entered a prolonged sell-off of epic proportions. Over the last few months, it’s been a series of falling dominoes for Supermicro. Yet, what if I told you better days could be on the horizon? I’m going to detail everything that’s happening at Supermicro and explain why the stock entered freefall. More importantly, I’ll also explore why Supermicro could be…
By Anton Bridge and Makiko Yamazaki INO, Japan (Reuters) – Over the last decade, Masato Shiota brought his papermaking business back from the brink, paying down debt and buying machinery to automate some production. But he struggles to find workers to keep output at full capacity. “We have three machines but only have two running on any day,” said Shiota, president of Wako Seishi, which produces tissues, disinfectant wipes and toilet paper in Ino, a town on the smallest of Japan’s four main islands known for its paper industry. “If we don’t have the people we can’t make products and…
CARLSBAD, CA—Prasad Deepa, a director at Design Therapeutics, Inc. (NASDAQ:DSGN), recently sold 3,806 shares of the company’s common stock. The transaction, which occurred on December 18, 2024, was executed at a price of $6.27 per share, amounting to a total sale value of $23,863. Following this transaction, Deepa retains ownership of 20,000 shares in the company. According to InvestingPro analysis, Design Therapeutics maintains a GOOD financial health score, though investors should note the stock’s volatile price movements. Get access to 8 more exclusive InvestingPro Tips and comprehensive analysis through the Pro Research Report, available with an InvestingPro subscription. This article…