90min rounds up the latest transfer news, rumours and gossip circulating around the world…Real Madrid are in ‘constant contact’ with Trent Alexander-Arnold, whose deal at Liverpool expires in 2025. If he does not agree fresh terms at Anfield, he will be able to talk to foreign clubs over a pre-contract agreement from January. (TEAMtalk)Chelsea captain Reece James is also of interest to Real Madrid, but only if he can overcome his injury woes and prove his fitness. (HITC)As was first suggested by reports in Italy, Chelsea are indeed willing to offer Inter three players for star striker Lautaro Martinez. The Blues…
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VIENNA (Reuters) -Austria’s federal disaster fund will more than triple to 1 billion euros ($1.11 billion) and companies severely affected by flooding will be able to postpone tax payments, Chancellor Karl Nehammer said on Wednesday, announcing measures in response to extreme weather. The fund is being increased from a previously set volume of around 300 million euros. The package of measures comes after Austria and other areas of central Europe were hit by the region’s worst floods in at least two decades. “The last few days have been enormously challenging for many regions in Austria and our neighbouring countries and…
Prime Capital Investment Advisors LLC lessened its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD – Free Report) by 8.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,824 shares of the exchange traded fund’s stock after selling 1,930 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares Russell 1000 Value ETF were worth $3,808,000 at the end of the most recent reporting period. A number of other large investors also recently modified their holdings of IWD. 9258 Wealth Management LLC bought a…
Sean “Diddy” Combs presided over a sordid empire of sexual crimes, coercing and abusing women for years, threatening them to keep them in line and enlisting a cast of aides to cover it up, according to an indictment. The music mogul “engaged in a persistent and pervasive pattern of abuse toward women and other individuals,” including physical violence, in order “to fulfill his sexual desires, protect his reputation, and conceal his conduct, the indictment said. And the details shared in the indictment unsealed Tuesday morning are as shocking as they are at-times disturbing. The charges describe Combs coercing or forcing his…
Ryan Reynolds has shared the straight-shooting advice Marvel boss Kevin Feige gave that haunted him while he made Deadpool & Wolverine.The actor, producer and co-writer, who achieved huge box office success with the film, also said “there was one line in the entire film” Disney asked him to remove from the 15-certificate movie, but has remained quiet on what that was. However, he said he believes the studio “was right” to ask.Reynolds has reflected on its release two months on, revealing why it took him so long to make the film, which followed 2018’s Deadpool 2.“It had been six years…
Nvidia (NASDAQ: NVDA) has grown by leaps and bounds over the past few years. Thanks to the company’s dominance in the artificial intelligence (AI) chip market, its quarterly revenues and profits have been climbing at triple-digit percentage rates year over year. The company also boasts a gross margin of over 70%. The market has responded to these amazing results by bidding the stock up by more than 2,400% over five years.In fact, the stock climbed so high that the company engaged in a stock split this spring to bring its price down from more than $1,000 to about $120 –…
The returns of investments are not completely random over time (i.e., do not follow a perfect “random walk”). This contrasts with assumptions in common portfolio construction approaches, such as mean variance optimization (MVO), which generally assume that returns are independent and identically distributed (IID). In a recent CFA Institute Research Foundation brief, we demonstrated that serial dependence can have a notable impact on efficient portfolios for investors with varying time horizons. In this piece, we focus on how the optimal allocation to six risk factors: size, value, momentum, liquidity, profitability, and investment[1] varies by investment horizon. We demonstrate that size…
NEW YORK — U.S. stock indexes remained stuck in place on Tuesday as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years. The S&P 500 edged up by 1.49, or less than 0.1%, to 5,634.58. It remains 0.6% below its all-time closing high set in July, and it briefly rose above that mark during the morning. The Dow Jones Industrial Average slipped 15.90 points, or less than 0.1%, to 41,606.18 from its own record set the day before, while the Nasdaq composite edged up by 35.93,…
European stocks closed higher on Thursday with investors reacting positively to the European Central Bank’s monetary policy statement, and U.S. producer price inflation data.The ECB reduced its key interest rates by 25 basis points, as expected, as the euro area growth is expected to slow on weaker demand and core inflationary pressures remain high, thanks to the stickiness of services inflation.The Governing Council, led by ECB President Christine Lagarde, lowered the deposit facility rate, which is the new policy rate, to 3.5%.The latest set of ECB Staff projections see headline inflation averaging 2.5% this year, 2.2% next year and 1.9%…
Starbucks North America CEO Michael Conway Quits After Just 6 Months In The PositionIn a surprising move, Michael Conway, Starbucks (NASDAQ:SBUX) North America CEO, has resigned after only six months in the role.What Happened: Conway, who took on the position in April, informed the company of his decision last week, as per a Securities and Exchange Commission filing. He will remain with the company until November 30 to assist with the leadership transition, concluding his 11-year tenure at Starbucks, Business Insider reported on Tuesday.Don’t Miss:Before his North American CEO role, Conway served as group president of international and channel development…