A gold investment can still be beneficial for many right now, even as the Federal Reserve takes new actions. Getty Images Inflation cooled again in September, the Bureau of Labor Statistics announced on Thursday. Now at just 2.4%, the rate is closing in on the Federal Reserve’s target 2% goal. That keeps expectations set for two 25-basis interest rate point reductions for when the Fed meets again in November and December. Combined with the half a percentage point cut the Fed issued in September, the federal funds rate could be almost a full point lower by the end of the…
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(Bloomberg) — If cut to junk status, Boeing Co. will be the biggest US corporate borrower to ever be stripped of its investment-grade ratings, flooding the high-yield bond market with a record volume of new bonds to absorb.Most Read from BloombergOn Tuesday, S&P Global Ratings said it’s considering downgrading the planemaker to junk as strikes at its manufacturing sites persist, hurting production. Last month, Moody’s Ratings said it’s considering a similar move. Fitch Ratings has highlighted the growing risks but not yet announced a review.Downgrades to junk from two of Boeing’s three major credit graders would leave much of its…
PetVivo Holdings, Inc. (OTCQB:PETV), a medical device company headquartered in Edina, Minnesota, has disclosed its non-employee director compensation policy for the upcoming year, as revealed in a recent 8-K filing with the Securities and Exchange Commission (SEC). On Monday, the company’s Board of Directors approved the compensation for non-employee directors for the period from October 1, 2024, through September 30, 2025. Each non-employee director will receive an annual cash retainer of $10,000, distributed in four equal quarterly payments. The initial payment was made on October 1, 2024. In addition to cash compensation, non-employee directors are granted 35,000 restricted stock units…
By Leigh Thomas and Michel Rose PARIS (Reuters) -France’s government delivered its 2025 budget on Thursday with plans for 60 billion euros ($65.68 billion) worth of spending cuts and tax hikes on the wealthy and big companies to tackle a spiralling fiscal deficit. Prime Minister Michel Barnier’s new government is under increasing pressure from financial markets and France’s European Union partners to take action after tax revenues fell far short of expectations this year and spending exceeded them. But the budget squeeze, equivalent to two points of national output, has to be carefully calibrated to placate opposition parties, who could…
Global assets and ETFs reached a record $12.4 trillion at the end of the third quarter, according to Morningstar. In addition, 65% of investors are planning to increase their ETF investments within the next five years, according to a Charles Schwab report.David Botset, Schwab Asset Management head of innovation and stewardship, joins Wealth! to discuss the growth of ETFs.”What we’re seeing from ETF investors is they are very confident in the decisions that they make. And I think that is driving much of the inflows we’re seeing this year,” Botset tells Yahoo Finance. He notes that many investors are repositioning…
By Jeff Mason PITTSBURGH (Reuters) -Former President Barack Obama will make his case for Vice President Kamala Harris on Thursday night during a rally at a Pittsburgh college campus, as Democrats seek to spur young people to vote in the Nov. 5 election. Obama has been a vocal supporter of Harris since she ascended to the top of the Democratic ticket after President Joe Biden stepped aside in July following a poor debate performance against Republican former President Donald Trump. Obama, whose White House term ended in 2017, is still popular with his party’s base. His rally at the University…
Hedge funds that recently flocked into Chinese stocks on stimulus hopes just did a 180. Professional traders posted the largest single-day net selling of Chinese securities, both onshore and offshore, on Tuesday, according to Goldman Sachs’ prime brokerage data. The net selling was 1.4 times larger than the previous record, Goldman said. The record exodus came after the National Development and Reform Commission earlier this week provided few details on further stimulus measures to boost the world’s second-largest economy. Local officials said China will speed up special purpose bond issuance to local governments to support regional economic growth, but stopped short…
Brack rejected the statement that little or no abatement had taken place, saying he had “personally reviewed numerous projects across NSW, Queensland and WA”, and had access to independent assurance-audit reports that proved projects were on track.The HIR method is the largest single contributor of carbon credits to the Australian government and private industry, with 465 projects covering 42 million hectares – an area significantly larger than Japan. Having issued 44 million carbon credits, the Australian scheme is, according to the new study, the fifth-largest nature-based scheme in the world, making these findings of global significance.ANU professor of climate change…
Bond funds, AI ETFs and small-cap stocks in focus. Source link
Super Micro Computer (SMCI) stock fell 2.5% Thursday after rallying as much as 9% the day before, continuing its rollercoaster ride of a week as investors swing between optimism over the company’s strong financials and cautiousness over its regulatory risks.Super Micro is reportedly being investigated by the Department of Justice over allegations of shady business practices outlined in a scathing report by short seller firm Hindenburg Research in late August. That has pressured the stock, which has hovered under $50 per share since then.This week, SMCI climbed on positive reports from the AI server maker. Super Micro surged 16% Monday…