By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks rose on Tuesday to their highest in more than two and half years, boosted by a slew of Chinese stimulus measures while expectations for more U.S. rate cuts kept risk sentiment aloft and the dollar under pressure. In an eagerly awaited press conference, China’s top financial regulators unveiled a slate of measures, saying it would cut bank reserves by 50 basis points while reducing mortgage rates to try to spur sluggish economic growth. The moves sent Chinese stocks higher, with the blue-chip CSI300 Index opening 1% higher, while the broader index was also…
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Takeaway: Undoing years of aimless investing. (This is an excerpt from an article written on Substack by Mark Bunting. You can read Mark’s full bio below). When I was 10 years old, my father bought me 10 shares of Cooper, the sporting goods company, and that sparked my first interest in investing. I’m sure my dad, who was the president of his father’s stock brokerage firm, Alfred Bunting & Company, figured Cooper was a natural choice to get me interested in investing because I played hockey, loved Dave Keon and the Toronto Maple Leafs, and enjoyed following the statistics of the National…
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(Bloomberg) — US stocks can soar to fresh highs thanks to the Federal Reserve’s aggressive half-point interest rate cut last week, but it also could cause inflation to resurface if central bankers don’t tread carefully, according to Wall Street strategist Ed Yardeni.Most Read from BloombergThe latest policy decision lifted the odds of an “outright melt-up” in equity prices — like during the dot-com bubble when the S&P 500 Index roared 220% from 1995 to the end of the century — to 30% from 20%. He placed the chances of a bull market at 80%, while reserving a 20% probability for…
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Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer has recently sold a total of 62,500 shares of the company’s common stock, with transactions amounting to over $259,000. The sales took place over a series of transactions on September 19, September 20, and September 23. The shares were sold at prices ranging from $4.2465 to $4.5079, according to the company’s latest filings. On September 19, Newcomer sold 1,500 shares at a price of $4.5000 per share. The following day, he sold another 9,000 shares, with the transactions occurring at weighted average prices ranging from $4.5000 to $4.5101. The largest sale occurred on September…
Tech giant Google has made a deal with Brazilian startup Mombak, agreeing to purchase 50,000 metric tons of nature-based carbon removal credits by 2030.This move marks the first instance of Google investing in forestry-based carbon removal credits.After a 2023 sustainability report showed an alarming 48% increase in emissions when compared to 2019, in 2024 Google shifted their sustainability strategy, moving away from buying carbon capture and storage (CCS) offsets and orienting towards reducing their own emissions and investing in CO2 removal projects.In March of this year, the corporation announced plans to contract at least $35M worth of carbon removal credits…
Marjorie Taylor Greene, the congressional representative for Georgia’s 14th district, has made a series of stock purchases, according to a recent congressional trade report. The stocks, all traded on the New York Stock Exchange and NASDAQ, are from a diverse range of industries including technology, healthcare, and logistics. The companies Greene invested in include Alphabet (NASDAQ:) Inc. (NASDAQ:GOOG), Berkshire Hathaway Inc . (NYSE:) (NYSE:BRK.B), Blackstone Inc. (NYSE:NYSE:), Cardinal Health , Inc. (NYSE:NYSE:), CrowdStrike Holdings, Inc. (NASDAQ:), Intel Corporation (NASDAQ:), Lam Research Corporation (NASDAQ:), Microsoft Corporation (NASDAQ:), Southern Copper Corporation (NYSE:NYSE:), and United Parcel Service, Inc. (NYSE:NYSE:). Each investment was valued…
Singapore, Singapore–(Newsfile Corp. – September 23, 2024) – Capital Markets Mongolia LLC (CMM) is hosting the Mongolia Investment Forum: Singapore 2024 on November 5, 2024. This event is part of the ongoing Mongolia Investment series, following the successful forum held in New York earlier this year. The Singapore edition will convene global investors, policymakers, and business leaders to explore the evolving investment opportunities in Mongolia.This year’s forum will center on three critical sectors: Digital Banking and Payments, Energy and Carbon Markets, and Impact Investing. The goal is to foster in-depth discussions and establish connections that drive investment in these strategic…