US stocks wavered on Thursday after the latest consumer inflation print came in hotter than anticipated, setting up expectations for the path of interest rates.The Dow Jones Industrial Average (^DJI) slipped 0.1%, while the S&P 500 (^GSPC) hugged the flatline, after both clinched fresh record highs. The tech-heavy Nasdaq Composite (^IXIC) climbed into positive territory after dipping as much as 0.5%.Chip heavyweight Nvidia (NVDA) climbed more than 1% while e-commerce giant Amazon (AMZN) also rose, helping lift the Nasdaq.Consumer prices rose 0.2% last month, according to US government data, more than the 0.1% rise Wall Street was expecting. On an…
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IFRS 18 Presentation and Disclosure in Financial Statements will usher in the most significant change to the statement of profit or loss since IFRS Accounting Standards were introduced more than 20 years ago to make the financial statements of public companies consistent and transparent. The new Standard responds to investors’ concerns about challenges in comparing companies’ financial performance. Today, companies’ statements of profit or loss vary considerably in content and structure. IFRS 18 will give investors more transparent and comparable information about companies’ financial performance and support better investment decisions. IFRS 18 is not effective until 1 January 2027,…
By Justyna Pawlak, Simon Johnson STOCKHOLM (Reuters) -South Korean author Han Kang won the 2024 Nobel Prize in Literature for “her intense poetic prose that confronts historical traumas and exposes the fragility of human life”, the award-giving body said on Thursday. The prize is awarded by the Swedish Academy and is worth 11 million Swedish crowns ($1.1 million). “She has a unique awareness of the connections between body and soul, the living and the dead, and in her poetic and experimental style has become an innovator in contemporary prose,” Anders Olsson, chairman of the Academy’s Nobel Committee, said in a…
In a major strategic move, Rio Tinto has agreed to acquire U.S.-based Arcadium Lithium for $6.7 billion, marking a significant step in transforming it into a global leader in the lithium market. The all-cash deal, offering a 90% premium to Arcadium’s share price, positions Rio Tinto as the world’s third-largest producer of lithium which is a critical component in electric vehicle (EV) batteries and energy storage solutions. Significantly, this acquisition, announced on October 9, underscores Rio Tinto’s commitment to the energy transition by expanding its footprint in low-carbon, high-demand raw materials. A MESSAGE FROM Li-FT POWER LTD. Lithium Deposits That…
Image source: Getty Images Investing in the penny stock space already carries the risk of heightened volatility, and the waters may get even choppier come 30 October. That’s when Chancellor Rachel Reeves will unveil the government’s budget aimed at stabilising the UK’s public finances. It’s now feared that inheritance tax relief on AIM-listed companies will be scrapped. This may force financial advisers to recommend their clients sell AIM stocks. This is due to ‘consumer duty’ rules, designed to protect clients from potential losses that advisers could have foreseen. Many UK small caps, including the majority of penny stocks, are listed…
The latest inflation report came in slightly hotter than expected, knocking stock prices lower. But there are some encouraging signs within it. The consumer price index rose 0.2% in September on a month-over-month basis and 2.4% from the year-earlier period . Economists polled by Dow Jones had forecast a 0.1% gain month over month and 2.3% increase year over year. Core CPI, which strips out food and energy, also was more than expected. Some investors worried the report means the Federal Reserve may not be able to cut rates further. But the odds of a quarter-point Fed rate cut in…
Volkswagen has issued a recall for certain 2024 Atlas and Atlas Cross Sport models due to a potential brake system issue. The brake master cylinders in these vehicles may have been assembled with the wrong secondary piston spring retainer, which could lead to reduced braking performance. The faulty retainer may prevent the piston from returning to its proper position, blocking the brake fluid port. This issue was discovered by Volkswagen on August 28 during the brake fluid filling process at their Chattanooga plant. The recall affects vehicles produced between August 28 and September 12, 2024. Volkswagen has not yet provided…
United airplanes are seen at the Newark Liberty International Airport in Newark, Unitted States on July 16, 2024. Jakub Porzycki | Nurphoto | Getty ImagesUnited Airlines is plotting a 2025 international expansion that spans Senegal to Mongolia and Greenland to Palau, a bid to win over travelers who have already had their fill of the well-trodden streets of Paris, Rome and Tokyo.Starting May 21, United will fly three times a week between its Newark, New Jersey, hub to Palermo, Sicily; on May 16, it will launch nonstops four days a week to Faro in Portugal’s Algarve region; on June 7 it…
The Global Metal Recycling Market is poised for substantial growth, with an expected valuation of $111.31 billion by 2031, reflecting a CAGR of 7.1%… Source link
With the recent launch of the all new A5 and S5 models, Audi can now focus on bringing its high performance RS 5 to market. This upcoming range-topping variant of the premium compact car has been spotted testing multiple times and will be available as both a sedan and a wagon. The RS 5 Avant has been seen several times before, and Audi is also preparing a sedan version. The sedan was recently spied with camouflage, showcasing its sleek design and promising to be a competitive rival to the BMW M3 and Mercedes-AMG C 63. All upcoming RS 5 models…