By Pawel Florkiewicz and Krisztina Than WARSAW/BUDAPEST (Reuters) – Volunteers and emergency personnel worked through the night from Tuesday to Wednesday to fortify the Polish city of Wroclaw against approaching flood waters, while Hungary opened a dam as the prime minister warned a “crucial period” was approaching. The worst floods to hit central Europe in at least two decades have left a trail of destruction from Romania to Poland, spreading mud and debris in towns, destroying bridges, submerging cars and leaving authorities and householders with a bill for damages that will run into billions of dollars. “A lot happened tonight,”…
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LONDON — U.K. inflation held steady during the month of August, data from the Office for National Statistics showed Wednesday, and matched analyst expectations.The headline consumer price index (CPI) was in line with the previous 2.2% reading in July and also matched a prediction from a Reuters poll of economists. Headline CPI had come in at 2% in May and June, in line with the Bank of England’s target rate.Services inflation — which is closely watched by the BOE, given its dominance within the U.K. economy and its reflection of domestically-generated price rises — rose to 5.6% in August from 5.2% in…
Image source: The Motley Fool Warren Buffett’s often regarded as one of the best investors alive today. And given he currently sits on a track record of nearly 20% annualised returns since the 1960s, I’d have to agree. While there are many factors behind Buffett’s success, there are three specific tactics he uses that I believe can help investors improve their wealth. And that includes those whose savings have been decimated during this cost-of-living crisis. 1. Walk, don’t run Compounding’s a marvellous tool for building wealth. But this snowballing effect can take a considerably long time to get going, hence…
(Bloomberg) — The Bank of Canada’s second-in-command said policymakers still want to see more progress on core inflation measures, even with the primary measure of price pressures back to the central bank’s 2% target.Most Read from BloombergSenior Deputy Governor Carolyn Rogers, speaking at a Bloomberg New Voices event in Toronto, said that while cooling inflation is “welcome news” for Canadians, it’s not yet time to declare victory.“There’s still work to do,” she said. “We’ve got to stick the landing.”On Tuesday, Statistics Canada reported that the consumer price index rose rose by 2% in August on a yearly basis — the…
By Ella Cao and Ryan Woo BEIJING (Reuters) – Chinese homebuyers on a tight budget have long sought out Hegang, an ex-coal boomtown on the Russian border. Now, as China’s property crisis spreads, Hegang’s basement prices are showing up in wealthier regions in a new threat to the economy. Average prices of new homes in 70 major cities including Beijing slumped for the 14th month in August despite dramatic reversals in China’s once-restrictive purchase policies. Even prices in the economically vibrant south have sunk, stoking intense social media discussions on widening property deflation, with hashtags “Hegang-isation” and “HegangHomePrices” chalking up…
Wall Street experienced a slightly positive session Tuesday, supported by investor optimism as the Federal Open Market Committee (FOMC) kicked off its two-day meeting, expected to deliver the first interest rate cut in over four years on Wednesday. The session’s notable performers were small caps, with the Russell 2000 index surging about 1.3%, targeting its highest close since early August and outperforming larger-cap indices. Among industries, solar, clean energy and regional banks led gains as traders eyed pockets of the markets that would benefit from lower interest rates. On the macro front, August retail sales provided an upside surprise, growing…
We recently compiled a list titled Jim Cramer’s Ultimate Stock Picks: 10 Hot Stocks to Consider. In this article, we will look at where The Boeing Company (NYSE:BA) ranks among Jim Cramer’s 10 hot stocks to consider.In a recent episode of Mad Money, Jim Cramer emphasized the unexpected strength in the market, pointing out that many companies are doing better than Wall Street realizes. He suggests that investors should stop second-guessing these companies every time negative news surfaces. Cramer praises the excellent management and execution by CEOs, which he feels often goes unappreciated.“Suddenly, all is forgiven, or if not all, then…
First agreement between Eutelsat Group and MHI for launchesNew agreement adds additional launch options for Eutelsat PARIS & TOKYO–(BUSINESS WIRE)–Regulatory News: Eutelsat Group (ISIN: FR0010221234 – Euronext Paris / London Stock Exchange: ETL), and Mitsubishi Heavy Industries Ltd. (MHI), announce the signature of an agreement for multiple launches. Under the terms of the agreement, MHI will provide multiple launches by an H3 launch vehicle from 2027. This is the first agreement between Eutelsat and MHI, and today’s announcement cements the growing partnership between both companies. Eutelsat has consistently worked with leading launch providers to deliver its fleet into orbit and…
The Chinese e-commerce landscape is dominated by PDD Holdings (PDD), Alibaba (BABA), and JD.com (JD). Using the TipRanks Stock Comparison Tool, I’ll explain why I consider JD.com to be a Buy and a strong investment, while I also rate Alibaba a Buy but have a Hold rating on PDD. In the end, JD.com is the least risky investment and most favorable option for investors.PDD Holdings (PDD)Let’s begin with why I consider PDD stock to be a Hold. PDD Holdings operates the Pinduoduo e-commerce platform and the Temu online marketplace. I have a Hold rating on this stock mainly because it…
We recently compiled a list titled Jim Cramer’s Ultimate Stock Picks: 10 Hot Stocks to Consider. In this article, we will look at where RH (NYSE:RH) ranks among Jim Cramer’s 10 hot stocks to consider.In a recent episode of Mad Money, Jim Cramer emphasized the unexpected strength in the market, pointing out that many companies are doing better than Wall Street realizes. He suggests that investors should stop second-guessing these companies every time negative news surfaces. Cramer praises the excellent management and execution by CEOs, which he feels often goes unappreciated.“Suddenly, all is forgiven, or if not all, then at least…