Adobe Firefly, Tyler Le/BI Bank of America cited three risks that could upend corporate earnings growth, a key driver of stock returns. One potential headwind is Trump’s proposed tariff plan, BofA said. The firm is also keep a close eye on bond yields, which have soared since the election. The stock market has been riding high since Donald Trump won the presidential election. One main driver of that has been investors pricing in strong profit growth in the future, seen as a direct byproduct of Trump’s plans to cut the corporate tax rate and loosen regulation. Although Bank of America’s…
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Roy Baynes, a director at Natera, Inc. (NASDAQ:NTRA), recently executed several transactions involving the company’s common stock, according to a filing with the Securities and Exchange Commission. On November 15, Baynes sold a substantial amount of shares, totaling $5.44 million. The shares were sold at prices ranging from $144.258 to $149.9788 per share. In addition to the sales, Baynes acquired shares through the exercise of stock options. These transactions involved acquiring 22,000 shares at $22.83 per share and 15,230 shares at $24.42 per share, amounting to a total of $874,176. The sales were conducted under a pre-arranged 10b5-1 trading plan,…
Protesters stormed the parliament of Georgia’s breakaway Abkhazia region on Friday. Demonstrators were seeking to halt a real estate investment project between the region and Russia. Along with the Georgian region of South Ossetia, Abkhazia declared its independence in a war against Georgia in 2008, in whichRussia backed the separatist forces. Abkhazia is still recognized as part of Georgia by most of the world. Why did protesters storm the Abkhazian parliament? Protesters rammed through the gates of the parliament complex with a truck, while hurling eggs and plastic bottles at the police, who responded with tear gas, the RIA Novosti news agency reported.…
VIRGINIA BEACH, Va. (CBS19 NEWS) — A major investment aims to help address the need for workforce housing.On Thursday, Governor Glenn Youngkin announced the Workforce Housing Investment Program, a Virginia Housing initiative.According to a release, this initiative will invest $75 million over five years with the potential to catalyze $750 million and build 5,000 units of workforce housing through economic development projects across Virginia.“With record employer relocations and expansions in the Commonwealth, over $85 billion in capital investment, nearly 250,000 jobs created, and a reversal of recent trends on net-out migration, it is clear that Virginia is growing and we…
By Marvin Valladares TELA, Honduras (Reuters) – Wading through waist-deep water, residents along the northern coast of Honduras trudged through the streets on Friday carrying their belongings and pets, as heavy rains from Tropical Storm Sara caused widespread flooding across the area. Sara churned menacingly near the Caribbean coast of Honduras, close to beach resorts and ancient Maya ruins popular with tourists, as the storm also took aim at neighboring Belize and Guatemala. The U.S. National Hurricane Center forecast between 15 and 25 inches (38-63 cm) of rain in northern Honduras over the next few days, with up to 35…
(L-R) Mike Tyson, Nakisa Bidarian and Jake Paul pose onstage during the Jake Paul vs. Mike Tyson Boxing match press conference at Texas Live! in Arlington, Texas, on May 16, 2024.Cooper Neill | Getty ImagesThe highly anticipated boxing match between Jake Paul and Mike Tyson has already secured its place in the record books.The fight’s promoter, Most Valuable Promotions, which is co-owned by Paul, told CNBC it expects more than 70,000 people to be in attendance to the Friday night bout at AT&T Stadium in Arlington, Texas. The Dallas Cowboys’ stadium has a seating capacity of 80,000.The gate receipts alone…
Getty Images; BI Donald Trump’s presidential-election victory has fueled major moves in financial markets. Investors are anticipating tax cuts and looser regulation from Trump. Here are five charts that show how Trump’s win has affected markets. Donald Trump’s election victory immediately sent financial markets into a frenzy. Stocks soared to records on the prospect of tax cuts and looser regulation. Bank stocks, in particular, got a lift amid speculation of increased deal activity. Bond yields also surged as investors priced in the expectation that Trump’s protectionist trade policies would be inflationary, which complicates plans for further rate cuts. This led…
NEW YORK–(BUSINESS WIRE)–The BlackRock (NYSE:) closed-end funds (the Funds) listed below announced today the expiration and preliminary results of each Fund’s tender offer (each, a Tender Offer) for up to 2.5% of its outstanding common shares (the Shares). Each Tender Offer commenced on October 15, 2024 and expired at 5:00 p.m. Eastern time on November 15, 2024. Based on preliminary information, the number of Shares properly tendered for each Fund and not withdrawn is noted in the table below.Fund NameTickerCUSIPShares Offered for RepurchaseShares Tendered (Preliminary Results)BlackRock Enhanced Capital and Income Fund, Inc.CII09256A1091,076,0815,713,692BlackRock Enhanced Equity Dividend TrustBDJ09251A1044,537,04318,268,902BlackRock Energy and Resources TrustBGR09250U101669,4586,002,507Based…
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By Douglas Gillison (Reuters) – A trade group has asked the incoming Trump administration to consider a “comprehensive plan” for updating the U.S. Securities and Exchange Commission’s regulatory framework for investment companies, according to a letter seen by Reuters. The letter from the Investment … Source link