A television station broadcasts the Federal Reserve’s interest-rate cut on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 18, 2024. Michael Nagle | Bloomberg | Getty ImagesCNBC’s Jim Cramer on Wednesday walked investors through the markets’ fall after the Federal Reserve cut its key interest rate by a quarter percentage point and indicated that there will likely be fewer cuts than expected next year.”After listening to Fed Chief Jay Powell this afternoon I think a lot of people got even more baffled,” he said. “Because he seemed to get caught having to fulfill…
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Nexstar Media Group, Inc. (NASDAQ:) CEO Perry Sook recently sold 35,205 shares of the company’s common stock. The transaction, which took place on December 17, 2024, was executed at an average price of $162.13 per share, amounting to a total sale of approximately $5.7 million. The sale comes as InvestingPro data shows Nexstar trading at an attractive P/E ratio of 9.07, with analysts setting price targets between $175-$220. In addition to the sale, Sook exercised stock options to acquire 35,205 shares at a price of $47.11 per share on the same day. Following these transactions, Sook directly owns 674,694 shares…
As global economies evolve, infrastructure debt emerges as a unique asset class with promising opportunities for investors. Offering low correlation with business cycles and appealing yields, it’s fueling critical sectors like renewable energy and AI infrastructure. Public and private sectors are converging to meet the growing global demand for modern infrastructure. While governments lay the groundwork with strategic investments, private capital is increasingly stepping in to drive innovation and address funding gaps, shaping the future of essential projects. This post touches upon some of the topics that will be the scope of an upcoming CFA Institute Research Foundation Brief centered…
Bruce Caswell, CEO and President of MAXIMUS, Inc. (NYSE:MMS), recently purchased 3,500 shares of the company’s common stock. The shares were acquired at a weighted average price of $70.64, with the total transaction amounting to approximately $247,240. According to InvestingPro analysis, this purchase comes as the stock trades near its 52-week low, with the company showing strong fundamentals including a perfect Piotroski Score of 9 and trading below its Fair Value. This purchase increases Caswell’s direct ownership to 275,928.515 shares. The shares were bought in multiple transactions, with prices ranging from $70.15 to $70.95. The company maintains solid financial health…
Kyle B. Levine, Senior Vice President of Legal and General Counsel at Alaska Air Group, Inc. (NYSE:), recently sold 3,439 shares of the company’s common stock. The transaction, which took place on December 17, 2024, saw the shares sold at an average price of $63.5014, totaling approximately $218,381. The timing is notable as InvestingPro data shows the stock trading near its 52-week high of $65.62, with technical indicators suggesting overbought conditions. Following this sale, Levine holds 19,479 shares of Alaska Air Group stock. It’s worth noting that a previous filing had overstated his holdings by 63 shares, an error that…
Winnipeg, Manitoba–(Newsfile Corp. – December 18, 2024) – Snow Lake Resources (NASDAQ:) Ltd., d/b/a Snow Lake Energy (NASDAQ: LI™) (“Snow Lake”), a uranium exploration company, today announced that it intends to offer to sell its common shares (or pre-funded warrants (“Pre-Funded Warrants”) in lieu thereof) in a best efforts public offering. All of the common shares (or Pre-Funded Warrants in lieu thereof) are to be sold by the Company. ThinkEquity is acting as sole placement agent for the offering. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may…
A tech rally boosted US stocks on Wednesday, with all three major indexes hitting new record closes, as investors digested Federal Reserve Chair Jerome Powell’s comments that US economy is in “remarkably good shape.” The Dow Jones Industrial Average (^DJI) climbed about 0.7%, or over 300 points, to close above 45,000 for the first time ever. Meanwhile the S&P 500 (^GSPC) added roughly 0.6% for a fresh closing high of 6,086.49. The tech-heavy Nasdaq Composite (^IXIC) added 1.3%, clinching a record of its own at 19,735.12. Cloud and e-commerce giant Amazon (AMZN) hit intraday all-time highs on Wednesday, as did…
Crusoe Energy Systems, a clean energy and AI infrastructure innovator, has raised $600 million in a Series D funding round, propelling its valuation to $2.8 billion. The company receives backing from prominent investors like Founders Fund, Nvidia, and Fidelity. With this funding, Crusoe is set to address the growing energy needs of artificial intelligence (AI) while prioritizing sustainability. From Flaring to AI: How Crusoe is Scaling Clean Energy Data Centers Founded in 2018, Crusoe began by tackling natural gas flaring—an environmentally harmful process where excess gas like methane is burned at oil sites. Using its Digital Flare Mitigation technology, Crusoe…
(Bloomberg) — The Canadian dollar slid to its lowest level since March 2020 as Prime Minister Justin Trudeau’s government slips into crisis after the shocking resignation of his finance minister. Most Read from Bloomberg The currency extended its recent losses to slide another 0.5% on Tuesday past 1.43 per US dollar, the weakest level since the Covid-19 pandemic first shuttered cities. The loonie has been declining as the US’s northern neighbor’s economy lags and officials struggle to come up with a plan to respond to President-elect Donald Trump’s tariff threats. The latest political turmoil “is symptomatic of the greater troubles…
Mortgage rates had increased for a couple straight days, but they’re finally back down again today. According to Zillow, the average 30-year fixed mortgage rate has inched down by one basis point to 6.45%. The 20-year fixed interest rate has dropped by 12 basis points to 6.30%, and the 15-year fixed rate has fallen by two basis points to 5.82%. The Federal Reserve’s final meeting of the year took place today. The central bank announced its decision to cut the federal funds rate by 25 basis points. Many economists predicted the Fed would decrease its rate, so the anticipation of…