By Tom Westbrook SINGAPORE (Reuters) – The dollar headed for a third weekly gain in a row on Friday, helped by a dovish European Central Bank and strong U.S. data that is pushing out expectations for how fast U.S. rates can fall, particularly if Donald Trump wins the presidency. The euro is down almost 1% for the week so far, has fallen through its 200-day moving average, and at $1.0828 in early Asia trade is parked near a 2-1/2 month low. On a rolling basis, the dollar’s 3.1% three-week gain on the euro is the sharpest rally since the middle…
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Climate change is inescapable even for high-net-worth individuals (HNWIs). Its effects are forcing both short- and long-term decisions on HNWIs and their family offices. In the short term, the phenomenon is changing the calculus of where HNWIs choose to live, travel, and do business. In the long term, it is making them question what the world will look like for their children, grandchildren, and society as a whole. Socially responsible and sustainable impact investing give HNWIs tools to protect their short- and long-term interests — and to potentially reap financial rewards along the way. How Climate Change Is Impacting HNWIs …
Cathie Wood’s ARK ETF published their daily trades for Thursday, October 17th, 2024, with a notable focus on the biotech sector. The most significant investment of the day was in CRISPR Therapeutics AG (NASDAQ:CRSP), where ARK bought a total of 91,665 shares across its ARKK and ARKG ETFs, amounting to a substantial $4,491,585. This purchase continues a trend for ARK, which has been consistently increasing its stake in the gene-editing company, indicating a strong conviction in CRISPR’s potential. Another major buy for the day was in Cerus Corp (NASDAQ:), with ARK acquiring 466,684 shares for a total value of $840,031.…
IDAHO FALLS — Idaho National Laboratory invited leaders from some of the country’s most influential businesses to discuss plans to finance the future of nuclear research. Attendees from Google, Meta, Amazon, Goldman Sachs, and many more big-name companies arrived in Idaho Falls on Wednesday for INL’s Nuclear Investor Summit to tour multiple Idaho National Laboratory facilities and speak with other executives about how to support the future of nuclear energy. “These people in this room represent over a trillion dollars,” says Idaho National Laboratory Director John Wagner. “Nuclear projects are not inexpensive, so they represent decision-makers. You can’t build new…
Organic carbon sources of mangrove sedimentsThis study first compiled 441 observations of δ13C values of mangrove sediments worldwide, covering most of the mangrove distributed areas (Fig. S1). δ13C values varied from −30.7‰ (Rhizophora apiculata and Avicennia marina forest sediments in Malaysia) to −6.20‰ (Sonneratia alba forest sediments in Tanzania), with the mean value of −25.1‰ (Fig. S1). Surprisingly, the mangrove sediment δ13C value was less influenced by dominant species and CES. Locations (longitude and latitude), tidal range, mean annual temperature (MAT), salinity, total nitrogen content and soil particle size fraction were the main drivers of mangrove sediment δ13C variation (Table S1). Our analysis…
Big Tech and Biden officials still seem to think they can make offset markets work. To say the track record is bad is an understatement. Source link
Markets are settling down, but traders are still making moves in the final hour of Thursday’s session. Market Domination’s Julie Hyman and Josh Lipton navigate the biggest market stories and interview Wall Street’s top analysts and strategists.B. Riley Wealth chief market strategist Art Hogan highlights why the barbell approach could be the best investment strategy for navigating current market dynamics.After US retail sales rose by 0.4% in September, RBC Capital Markets US economist Mike Reid comes on the program to speak about the “encouraging” signs from consumer spending, pricing pressures, and the labor market’s strength.Canaccord Genuity Managing Director George Gianarikas…
global iron ore market size was valued at USD 177.89 billion in 2023 and is projected to touch USD 140.41 billion by 2032, exhibiting a CAGR of -2.6% Source link
Warren Buffett, CEO of Berkshire Hathaway.Nati Harnik/APBerkshire Hathaway cut its Apple stake by 55% in the first half of 2024, potentially missing out on $23B in profits.If Berkshire had not trimmed its position in Apple, its stake would be $210B at current prices.Apple shares have jumped 10% since the second quarter, driven by optimism about Apple Intelligence.Berkshire Hathaway slashed its Apple position by 55% in the first half of 2024, even as the iPhone maker’s stock traded at or near record highs.Calculations by Business Insider suggest Berkshire Hathaway’s sales of Apple stock in the first and second quarters of this…
Investing.com– Japan consumer price index inflation grew slightly more than expected in September as underlying inflation remained sticky, although the headline figure still fell from 10-month highs. , which excludes volatile fresh food items, grew 2.4% year-on-year in September, government data showed on Friday. The reading was higher than expectations of 2.3%, but eased from the 2.8%- a 10-month high- seen in the prior month. A core reading that excludes both fresh food and energy prices, and is watched closely by the Bank of Japan as a gauge of underlying inflation, rose to 2.1% in September from 2% in the…