WASHINGTON (Reuters) – U.S. retail sales increased slightly more than expected in October, but underlying momentum in consumer spending appeared to slow at the start of the fourth quarter. Retail sales rose 0.4% last month after an upwardly revised 0.8% advance in September, the Commerce Department’s Census Bureau said on Friday. Economists polled by Reuters had forecast retail sales, which are mostly goods and are not adjusted for inflation, climbing 0.3% after a previously reported 0.4% gain in September. Estimates ranged from no change to an increase of 0.6%. Robust consumer spending helped the economy maintain its strong pace of…
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Image source: Getty Images Rolls-Royce (LSE: RR.) shares are hot right now. This year, they’ve risen from 300p to 540p – a gain of 80% – on the back of investor excitement. But how much are the shares really worth as we head towards 2025? Let’s take a look. The right price There are a number of ways to try and work out a company’s ‘intrinsic’ value (how much it’s really worth). But no method’s foolproof – they all involve making some assumptions. One method is to assign an earnings multiple to the near-term earnings per share (EPS) forecast. Given…
Protesters broke onto the premises of Abkhazia’s parliament building on Friday, opposing an investment agreement with Russia they claim threatens the breakaway region’s economic and security interests. Scores of demonstrators gathered in Sukhumi as lawmakers gathered to consider ratifying the controversial Russian-Abkhazian investment agreement, with activists arguing the deal would enable Russians to buy newly built complexes in the region, effectively undermining local control. Protesters hurled stones and sticks at security forces, while a vehicle rammed through the parliament’s metal fence, Russia’s state-run TASS news agency reported. A fire engine was brought outside the building to block the crowd from entering.…
Company’s Rapid Alcohol-Reducing Beverage, Sure Shot, to be Sold in 192 Stores Across Nevada, Arizona, and California JUPITER, Fla., Nov. 15, 2024 (GLOBE NEWSWIRE) — Safety Shot, Inc. (Nasdaq: SHOT) (Safety Shot or the Company) today announced a new agreement with a leading national grocery chain to sell its convenient, newly branded 4 oz. Sure Shot beverages in select stores across the Southwest. This chain boasts over 2,200 stores nationwide, making them a significant player in the grocery industry. This strategic launch in 192 stores across Nevada, Arizona, and California represents a significant milestone in Safety Shot’s growth strategy. It…
Wall Street is bracing for another day in the red. The S&P 500 (^GSPC), Dow Jones Industrial Average (^DJI), and Nasdaq Composite (^IXIC) all closed lower on Thursday. Investors are starting to question whether the Federal Reserve will cut rates in December after Chair Jerome Powell said in a speech that the Fed doesn’t “need to be in a hurry to lower rates.” Trending tickers on Yahoo Finance include Domino’s Pizza (DPZ), Applied Materials (AMAT), and Tesla. (TSLA) Key guests include:9:30 a.m. ET – Omar Aguilar, Schwab Asset Management CEO & CIO9:45 a.m. ET – Sylvia Jablonski, Defiance ETFs CEO…
Image source: Getty Images I’m a big fan of investing in the FTSE 250.This is the index of mid-sized UK companies that sits below the FTSE 100 in size. Around one third of my personal portfolio is invested in FTSE 250 shares – and here’s why. While many of the companies in the FTSE 100 are world leaders with attractive dividends, many of them are also somewhat slow to grow. In contrast to this, the FTSE 250 is home to a much broader mix of companies that are (usually) proven and successful – but still small enough to deliver significant…
US stocks fell before the bell on Friday, on track for weekly losses as investors took on board Chair Jerome Powell’s signal that the Federal Reserve won’t hurry to make interest-rate cuts. S&P 500 futures (ES=F) dropped over 0.5%, while Dow Jones Industrial Average futures (YM=F) slid roughly 0.4%. The tech-heavy Nasdaq 100 (NQ=F) led declines, with futures down 0.8%. Powell’s hawkish comments are casting a pall on markets as the initial optimism for President-elect Donald Trump’s policies starts to wear off. The S&P 500 (^GSPC) has already reversed one-third of its post-election rally, and the Nasdaq Composite (^IXIC) is…
Amid copious amounts of doom and gloom, climate summit COP29 kicked off this week with a rare bright spot: a decision that could jumpstart the creation of a global United Nations-backed carbon market. The market — that could be up and running next year — is expected to bring integrity to a sector overshadowed by scandals and scepticism, plus channel urgent climate finance to developing economies, and provide funding for climate technologies and strategies. But one question looms over the future of global carbon markets: How will the re-election of Donald Trump, who steadfastly believes a climate crisis doesn’t…
The 2025 BMW M2 CS has been creating quite a buzz in the automotive world, as it has been spotted undergoing rigorous testing ahead of its official reveal. This high-performance variant of the beloved M2 is poised to set new standards in the sports car segment, blending aggressive styling with formidable power. The M2 CS has been seen testing at several locations, including the iconic Nürburgring racetrack in Germany. The spy shots reveal a car that’s designed to turn heads and perform exceptionally on the track. 2025 BMW M2 CS Teases 518 HP S58 Engine and Advanced Aerodynamics Ahead of…
By Kate Abnett, Olesya Astakhova and Virginia Furness BAKU (Reuters) -Countries at the COP29 summit tried to make progress on how to raise up to $1 trillion in climate finance for the world’s most vulnerable, as political tensions overshadowed the talks and Argentina on Thursday pulled its delegation from Baku. The success of this year’s U.N. climate summit hinges on whether countries can agree on a new finance target for richer countries, development lenders and the private sector to deliver each year. Developing countries need at least $1 trillion annually by the end of the decade to cope with climate…