Pictured here is a construction site of property developer Hongkong Land, in Shanghai on Nov. 4, 2024.Feature China | Future Publishing | Getty ImagesBEIJING – China is widely expected to unveil more stimulus on Friday after its parliament ends a five-day meeting.Authorities here have ramped up stimulus announcements since late September, fueling a stock rally. President Xi Jinping led a meeting on Sept. 26 that called for strengthening fiscal and monetary support, and stopping the real estate market slump.While the People’s Bank of China has already cut several interest rates, major increases in government debt and spending requires approval by…
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SINGAPORE (Reuters) – Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will affect U.S. oil and gas output declined while the market continues to weigh how President-elect Donald Trump’s policies might affect supplies. futures fell 26 cents, or 0.3%, to $75.37 per barrel by 0209 GMT. U.S. West Texas Intermediate (WTI) crude gained 35 cents or 0.5% to $72.01. The benchmarks fell after rising nearly 1% on Thursday. For the week, Brent is set to gain 3.1% while WTI is set to rise 4.1% Hurricane Rafael, which has caused 391,214 barrels…
The Swedish brand Our Legacy finally gets investment from the big guys. Source link
OMAHA, NE—In a recent transaction disclosed by Lindsay Corp (NYSE:), Director Di Si Pablo sold 111 shares of common stock on November 6, 2024. The shares were sold at a price of $132.91 each, amounting to a total sale value of approximately $14,753. Following this transaction, Di Si Pablo holds 3,322 shares of the company, which includes restricted stock units that have vested but are deferred under the Lindsay Corporation Directors Nonqualified Deferred Compensation Plan. This sale is part of the ongoing monitoring of insider activities that investors often keep an eye on for potential insights into the company’s outlook.…
By Judith Langowski SAN FRANCISCO (Reuters) – Democratic moderate candidate Daniel Lurie, a philanthropist and heir to the Levi Strauss (NYSE:) fortune, was elected mayor of San Francisco, local media projected on Thursday as the incumbent Mayor London Breed conceded. Voters desperate to improve public safety and revive the economy chose a candidate with no experience in City Hall. Wealthy San Francisco, the tech center, is struggling to solve problems including homelessness, a fentanyl epidemic and an empty downtown. Tackling the city’s problems as an outsider was one of Lurie’s main selling points to voters, who opted for a change…
Editor’s note: This story has been updated to correct the name of the Bernstein analyst covering Ford. Ford Motor Company (NYSE:F) shares are trading lower on Thursday. Bernstein analyst Daniel Roeska downgraded Ford Motor from Outperform to Market Perform, with a price forecast of $11. In an unrelated development, Ford revealed on Thursday that it is experiencing record sales growth in the Middle East in 2024, driven by strong performance in key markets and the introduction of its freshest lineup to date. The launch of the Mustang Mach-E and Territory Hybrid highlights Ford’s commitment to an electrified future in the region.…
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GREEN BAY, Wis., Nov. 7, 2024 /PRNewswire/ — Associated Banc-Corp (NYSE: ASB), the holding company for Associated Bank, N.A., announced today it has decreased the bank’s prime rate from 8.00% percent to 7.75% percent, effective November 8, 2024.ABOUT ASSOCIATED BANC-CORP¯Associated Banc-Corp (NYSE: ASB) has total assets of $42 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from nearly 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota. The company also operates loan…
Fortinet Inc (NASDAQ:) reported third-quarter earnings that surpassed analyst expectations, but shares tumbled 8% in after-hours trading despite the cybersecurity firm raising its full-year outlook. The company posted adjusted earnings per share of $0.63, beating the analyst estimate of $0.52. Revenue for the quarter came in at $1.51 billion, exceeding the consensus estimate of $1.48 billion and representing a 13% YoY increase. Fortinet’s service revenue, which accounts for the bulk of its total revenue, grew 19.1% YoY to $1.03 billion. Product revenue saw a modest 1.7% YoY increase to $473.9 million. Despite the strong results, investors appeared to focus on…
Square is also focusing more on its self-custody wallet, Bitkey, which the company started shipping in March. At the time, the company said that Bitkey will not only provide standard wallet functionality, but also connect to Block’s payments platform Cash App and crypto exchange Coinbase (COIN) to allow buying and selling BTC. Source link