Investing.com– U.S. stock index futures moved little in evening deals on Tuesday, with investors turning averse to big trades before more signals on interest rates from the Federal Reserve and key inflation data. Futures steadied after a positive, tech-driven session on Wall Street, although most other sectors lagged on Tuesday. Investors still remained on edge over continued tensions in the Middle East, while cheer over more stimulus measures in China ran dry. fell slightly to 5,798.25 points, while fell 0.1% to 20,286.50 points by 19:11 ET (23:11 GMT). steadied at 42,378.0 points. Fed minutes, CPI data on tap Markets were…
Author: user
MOSCOW (Reuters) – Russia’s Defence Ministry said on Tuesday that its forces had taken control of two settlements in eastern Ukraine, the latest gains in their drive to secure the Donbas region. A ministry report said the villages of Zolota Nyva and Zoryane Pershe had been brought under Russian control. The communities have an estimated population of a few hundred residents each. The two villages lie to the north and to the south of the town of Kurakhove, one of the focal points of military activity on the eastern front. Official Ukrainian accounts of the fighting made no reference to…
Think joining the top 4% of households means you need a vault full of gold or some secret hedge fund? Think again.According to data from LIMRA reported by Rethinking65, only 4% of all U.S. households have $2 million or more in investable assets. That may not seem huge, but it represents a significant financial milestone that only a small fraction of households ever reach.Don’t Miss:Breaking it down further, the numbers shift depending on age. Among households headed by someone aged 60 or older, the percentage increases to 7%. For those aged 40 to 85, just 6% of households reach that…
By David Lawder WASHINGTON (Reuters) – The Congressional Budget Office estimated on Tuesday a U.S. federal deficit of $1.834 trillion for fiscal 2024, the highest in the post-COVID era, as debt interest costs jumped sharply and outlays rose for Social Security, Medicare and health insurance tax credits. The estimate, which precedes the U.S. Treasury Department’s year-end budget report later this month, shows a deficit up 11% from the $1.7 trillion fiscal 2023 gap but slightly lower than the $1.9 trillion deficit estimated in June by CBO. WHY IT’S IMPORTANT U.S. Vice President Kamala Harris is arguing that she would be…
Investors following Robinhood (NASDAQ:) Markets, Inc. (NASDAQ:HOOD) may be interested to learn that CEO Vladimir Tenev has recently sold a significant number of shares in the company. According to a recent filing with the Securities and Exchange Commission, Tenev sold 250,000 shares of Class A Common Stock on October 4, 2024, for a total value exceeding $5.7 million. The transactions were executed at varying prices throughout the day, with the range being between $22.62 and $23.38. The weighted-average price at which these shares were sold was reported to be $22.8815. As per the filing, this sale was conducted in accordance…
SpaceX’s next-generation Starship spacecraft, atop its powerful Super Heavy rocket, lifts off on its third launch from the company’s Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. March 14, 2024. Cheney Orr | ReutersThe Federal Aviation Administration may issue SpaceX its next Starship license in time for a Sunday launch attempt, CNBC has learned.SpaceX and its CEO Elon Musk have been vocally critical of the FAA in recent weeks, urging the federal regulator to speed up its license review for Starship’s fifth test flight. As recently as last week, the FAA said it did not expect to…
Ares Management Corp (NYSE:) Chief Marketing and Strategy Officer Berry Ryan has sold 20,000 shares of the company’s stock, according to a recent SEC filing. The total value of the stock sold is approximately $3.2 million, with the shares being sold at a weighted average price of $160.07. The transactions were carried out on October 4, 2024, with individual sale prices ranging from $160.00 to $160.25. The sales were executed under a 10b5-1 trading plan, which was adopted by Ryan on June 6, 2024. A 10b5-1 trading plan allows company insiders to set up a predetermined schedule for selling stocks…
LVMH CEO Bernard Arnault took a hit to his fortune as luxury stocks tanked on Tuesday.ReutersThe ultra-rich owners of the world’s leading luxury brands took a hit to their fortunes on Tuesday.Declines in LVMH and Kering shares cut the value of Bernard Arnault and François Pinault’s stakes.Luxury stocks slumped after China’s economic planners failed to detail their stimulus measures.The billionaires behind some of the world’s most iconic fashion brands took a blow to their fortunes on Tuesday as disappointed investors dumped luxury stocks.Bernard Arnault, the founder and CEO of LVMH Moët Hennessy Louis Vuitton, owns nearly 49% of Dior and…
Most investable assets and strategies tend to cluster into two broad groups: productive and scarce. This is an important concept for the asset-owner-level portfolio construction and asset allocation process, since productive assets and scarce assets tend to have, respectively, concave and convex profiles with respect to the major risk factors. Practitioners who are aware of the concave and convex nature of productive and scarce assets and strategies can better hedge their risks in deflationary, and — especially — inflationary crises. We suggest that portfolios including both productive and scarce assets can deliver performance similar to the S&P 500 with less…
EDEN PRAIRIE, Minn.–(BUSINESS WIRE)–C.H. Robinson Worldwide, Inc. (C.H. Robinson) (Nasdaq: CHRW), announced today that it will issue its third quarter 2024 results after the market closes on Wednesday, October 30, 2024. The company will hold a conference call from 5:00 pm – 6:00 pm Eastern Time on the same day to discuss the quarterly results and answer live questions from the investment community. Presentation slides and a simultaneous audio webcast of the conference call may be accessed at http://investor.chrobinson.com. To participate in the conference call by telephone, please call ten minutes early by dialing 877-269-7756. An audio replay will be…