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…
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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…
ICARO to Deliver Monetization for Claro Brazil with Over 87 Million Mobile Customers NEW YORK, Oct. 10, 2024 /PRNewswire/ — ICARO™ Media Group, Inc. an AI Technology Media company for Telecom / Mobile Operators and Media Broadcast Companies (™T sector), in partnership with RioVerde, has entered into a 10-year contract with Claro Brasil, a mobile operator, entertainment, satellite-television, fixed, and broadband telecommunications operator owned by América Móvil (NYSE: AMX), the largest mobile operator in the LATAM market. CLARO is the largest telecom provider in LATAM, the second largest mobile operator in Brazil, and América Móvil’s largest subsidiary. This partnership will…
On Thursday, Jefferies reiterated a Buy rating with a $75.00 price target on shares of GXO Logistics Inc. (NYSE: GXO), following reports that the company is considering a sale. The logistics firm has garnered interest from potential buyers, according to information released by Bloomberg yesterday. Despite this development, GXO has not issued any official statement on the matter. The analyst from Jefferies highlighted that GXO’s long-term contract model, which provides visibility and predictability, is currently undervalued by the public markets. The firm believes that GXO’s business model makes it an attractive acquisition target for strategic buyers within the logistics industry.…
Allied Analytics LLPThe global alternative investment funds (AIFs) market is experiencing growth due to global economic growth, technological advancements, and digital transformation in the financial sector.Wilmington, Delaware, Oct. 10, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Alternative Investment Funds (AIFs) Market by Type of Funds (Private Equity Funds, Hedge Funds, Real Estate Funds, Infrastructure Funds, Venture Capital Funds, Private Debt Funds and Others), and Investor Type (Institutional Investors and High-Net-Worth Individuals (HNWIs), Retail Investors, Others): Global Opportunity Analysis and Industry Forecast, 2024-2032”. According to the report, the alternative investment funds (AIFs) market was valued at $12.8 trillion in…
4 min read Last Updated : Oct 08 2024 | 11:54 AM IST Shares of metal companies were trading weaker on Tuesday, down by up to 8 per cent on the National Stock Exchange (NSE) in today’s intraday trade.Stocks of companies operating in the sector were under pressure due to profit booking by investors on concerns of disappointing earnings in the September quarter (Q2FY25) due to weak metal prices, apart from the lack of any new fiscal measures aimed at boosting demand and consumption in the Chinese economy, by the National Development and Reform Commission (NDRC), at a press conference…
By Ann Saphir and Michael S. Derby (Reuters) -Slowly cooling inflation and a U.S. job market that remains strong but at risk of deteriorating give a green light for more interest-rate cuts in coming months, likely at a gradual pace, Federal Reserve policymakers indicated in remarks on Thursday that mirrored views of financial markets. Markets strengthened bets the Fed would deliver a quarter-point rate cut at next month’s policy meeting after data showed consumer price inflation edged down to 2.4% in September from a 2.5% pace the prior month. A separate report showed a surge in weekly claims for unemployment…
The S&P 500 and Vanguard’s Total Stock Market Index Fund have surged over 30% in 2024.Ken Fisher and Warren Buffett advocate contrarian and fundamental investing strategies.GuruFocus tracks top investors’ stock picks, highlighting 15 popular stocks among gurus. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email. Everyone thinks they’re a stock picker when the market…