Gold price surpassed its previous all-time high and reached a new record level of $2,570 per troy ounce on Friday, supported by expectations that the US Federal Reserve will cut interest rates aggressively, Commerzbank’s Commodity Analyst Carsten Fritsch notes. Expectations of large Fed rate cuts support Gold “The driving factor is the marked increase in rate cut expectations since yesterday. It should be noted that the core index of US consumer prices rose slightly more than expected in August, which should make a 50 basis point rate cut by the Fed less likely in the coming week. The Fed Funds…
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Though the land for a proposed psychiatric hospital did not go to a new owner via a sheriff’s sale this summer, a timeline for restarting the project remains unclear.The News Tribune this week reached out to local and state officials, as well as representatives of California-based Signature Healthcare Services, for a status update on the long-proposed facility.Signature has been dealing with issues making headlines at one of its Southern California sites, including a multi-million dollar payout in one case in July and separately seeking restoration of full admission privileges at the same site this month.In June, the Tacoma property, near…
Ben Baby, ESPN Staff WriterSep 13, 2024, 06:00 AM ETCloseBen Baby covers the Cincinnati Bengals for ESPN. He joined the company in July 2019. Prior to ESPN, he worked for various newspapers in Texas, most recently at The Dallas Morning News where he covered college sports. He provides daily coverage of the Bengals for ESPN.com, while making appearances on SportsCenter, ESPN’s NFL shows and ESPN Radio programs. A native of Grapevine, Texas, he graduated from the University of North Texas with a bachelor’s degree in journalism. He is an adjunct journalism professor at Southern Methodist University and a member of…
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window)*Spanish lender BBVA hit by Turkey troubles*Euro zone industry output slumps, with Ireland plunge*AXA’s capital buffers beat expectations as Q1 sales rise(Updates prices to close, replaces comment in paragraph 5, changes stocks moves)By Sruthi Shankar and Ankika BiswasMay 15 (Reuters) – European stocks climbed on Monday as investors assessed uncertainties around U.S. debt ceiling talks and a runoff election in Turkey, while parsing data for clues on the state of the global economy.The pan-European STOXX 600 index closed 0.3% higher, after…
The Dow Jones index closed higher by more than 200 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Red Robin The Trade: Red Robin Gourmet Burgers, Inc. RRGB President and CEO Gerard Johan Hart bought a total of 10,000 shares at an average price of $3.15. To acquire…
Overview: The US dollar is falling against nearly all the world’s currencies today amid heightened speculation that a 50 bp cut is still on the table for next week’s FOMC meeting. In the derivatives market, the odds are the highest in several weeks. The ostensible trigger was apparently a news wire story by a reporter thought to be used by some Fed officials to foster communication. A few former Fed officials also seemed to endorse a half-point move. The yen is among the most sensitive to US rates, and it has reached a new high for the year. with the…
damircudic / iStock/Getty ImagesOne of the fastest ways to grow your money is to make sure it is doing the earning for you, and not the other way around. If you don’t want to take higher risks with your investments, such as with stocks or bonds, a high-yield savings product is your next best bet. Certificates of deposit are a great way to invest your funds and know exactly how much you’ll have at the end of its term length.Today’s featured pick is the 6-month CD account offered by Merchants Bank of Indiana. This account has an APY of 5.25%.…
JEA shared that the State of Florida has released to JEA more than $5.7 million in federal funds to be disbursed to 8,500-plus JEA customer accounts.The customers in need received $655.34 each, applied directly to their JEA account. JEA will reach out with the good news to customers receiving assistance within the next few days, in addition to notifying them regarding any remaining balance on their account.Read: Salvation Army gives special thank you to Diamond ring donatorThe funds are part of the Low Income Household Water Assistance Program (LIHWAP). The State of Florida determines recipients and household eligibility for the…
Now that the twin inflation reports are in the rearview mirror, U.S. stocks are hanging onto the slender optimism as traders look ahead to the Federal Reserve’s rate-setting meeting. The numbers did little to belie expectations of a cut at next week’s meeting, although they did pour cold water on a bigger cut. The major index futures are little changed in early trading. Tidings from the tech sector has been mixed, potentially triggering caution amid the week’s runup. A consumer sentiment report with a few forward inflation expectations readings could be on traders’ radar. Some profit-taking can not be ruled…
There is a legitimate debate to be waged over the current two-thirds voter threshold for approval of local bond measures in California.Some feel it’s too stringent, undermining the will of the majority. Others argue it’s an appropriately tough hurdle to ensure that there is broad consensus before saddling future generations with additional tax debt.But asking voters to settle that debate, by placing Proposition 5 on the Nov. 5 ballot, is putting the cart before the horse. California lawmakers should have first fixed the current deceitful ballot and campaign practices of local agencies and businesses that financially benefit from passage of…