US stocks hovered near record highs on Friday, with the Nasdaq lagging as post-election euphoria ebbed and China’s latest stimulus plan fell flat. The S&P 500 (^GSPC) rose 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) dropped roughly 0.1%. The Dow Jones Industrial Average (^DJI) rose 0.3%. Stocks drifted higher to end to a stellar week of gains driven by optimism that President-elect Donald Trump’s policies will boost the economy. But the initial “Trump trade” rush appears to be fizzling out as Wall Street questions whether Trump will be able to push through his ambitions policies. The dollar (DX=F) and Treasury…
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Image source: Getty Images I’m hungry to add another top FTSE 100 income stock to my portfolio, and Schroders (LSE: SDR) is jumping up and saying ‘Buy Me!’. Should I listen? The family-controlled fund manager now has a brilliant trailing yield of 6.99%. That’s well above the FTSE 100 average of around 3.5%. At that rate I’d double my money in just over a decade, even if the share price didn’t rise at all. Imagine if it did! Actually, that’s pretty hard to imagine right now, because the Schroders share price has been tanking for years. Schroders’ shares should carry…
TORONTO (Reuters) – Canada’s economy added 14,500 jobs in October and the jobless rate held at 6.5% from September, Statistics Canada data showed on Friday. Market reaction: [CAD/] Link: COMMENTARY NICK REES, SENIOR FX MARKET ANALYST AT MONEX EUROPE LTD “Jobs gains slipped back in October, as we expected with less help from seasonal adjustments this month. But the unemployment rate stabilising at 6.5% might give the BoC some pause for thought when considering another 50 bp (basis point) rate move in December, keeping USD-CAD treading water for now.” ANDREW GRANTHAM, SENIOR ECONOMIST, CIBC (TSX:) CAPITAL MARKETS “Canadian employment growth…
Governments could finally approve new UN standards for countries and companies wanting to trade carbon credits, a long-awaited decision some hope can bring credibility to a scandal-ridden sector. Source link
Adding more gold to your portfolio could make a lot of sense, experts say, even with the price elevated. PeilingLeeCopyright/Getty Images This has been gold’s year. The precious metal has been on a tear in recent months, outperforming many other asset classes by a landslide. Case in point: Forecasts project stock market gains of about 9.3% for the year. Meanwhile, gold prices have jumped by over a whopping 35% since the start of 2024 alone.The reasons for the yellow metal’s performance are many — high (but now cooling) inflation, geopolitical tensions and economic uncertainty as we head into a new…
As we’ve talked about the past few days, we want to capitalize on the recent market strength to lighten up on stocks we deem lesser quality. Source link
Governments could finally approve new UN standards for countries and companies wanting to trade carbon credits, a long-awaited decision some hope can bring credibility to a scandal-ridden sector. Source link
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(Bloomberg) — Billionaire activist investor Carl Icahn’s investment fund is cutting its dividend payout by half as it plans to boost its stake in CVR Energy Inc. Most Read from Bloomberg Icahn Enterprises LP will distribute a dividend of $0.50 per depositary unit in the third quarter, down from $1 per unit in the second quarter, according to an earnings statement on Friday. The firm is planning to raise its CVR Energy holding to about 81%, from 66%, it said in a separate statement. IEP will launch a tender offer to buy as many as 15 million additional CVR shares…
Image source: Getty Images Due to their exposure to the UK economy, it’s often said that stocks on the FTSE 250 are less affected by global events. However, 59% of their revenue comes from overseas. Admittedly, this is less than the FTSE 100’s 80%. But it does illustrate that increased globalisation makes it ever more difficult for companies to isolate themselves from world events. During his election campaign, Donald Trump said he’ll impose tariffs of 10%-20% on all imports to the US. Apparently unconcerned by the possibility of a global trade war, American voters duly elected him their 47th President.…