European stock markets extended gains, gold hit a record high and the dollar fell on Friday ahead of an expected US interest-rate cut next week.More data this week suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for global equities after recent drops caused by worries of a possible US recession.Asia’s main stock markets diverged as they closed out the week, while Wall Street advanced Thursday.While concerns linger over last week’s big miss on US jobs creation, traders are turning their attention to the central bank decision next Wednesday.“Gold prices are once again at record…
Author: user
Shreveport councilmembers James Green, Tabatha Taylor and Grayson Boucher penned a letter on Monday, emphasizing the necessity of relocating the police department due to the subpar state of the Shreveport Police Station.The letter comes just days after LSU Health Shreveport announced that it would be opening a new research facility in the old Sears building at Mall St. Vincent, a site which had been considered for a new police station.For the last five years the Shreveport Police Station located at 1234 Texas Avenue has increasingly come under scrutiny for its poor condition, which pose significant health and safety risks to…
Hyundai Motor America has initiated a recall affecting 54,647 vehicles due to a potential fuel pump failure. The issue, stemming from faulty engine control module software and a high pressure fuel pump design flaw, can lead to loss of drive power. The recall was prompted by multiple complaints from customers both domestically and internationally, highlighting the importance of vehicle safety and timely recalls. Hyundai discovered the problem after receiving reports of vehicles experiencing unexpected loss of drive power. Upon investigation, engineers identified two primary causes: faulty engine control module software and a design flaw in the high pressure fuel pump.…
A lucrative trade that offered hedge funds a way to ratchet up profits on Chinese debt instruments is starting to lose its charm.Data due this week may show a popular strategy – which had resulted in a fourfold increase in foreigners’ holdings of Chinese bank notes over the past year – has lost momentum in August, analysts said.The trade involves overseas investors lending out their dollars in return for the yuan and using the proceeds to buy short-term bonds. Returns on the strategy have dwindled due to a lower demand for foreign-exchange in the swaps market.The development is significant because…
Joa_Souza/iStock Unreleased via Getty Images Petrobras (NYSE:PBR) CFO Fernando Melgarejo said the company’s next five-year business plan will contain “realistic” spending levels and possibly include an increase in how much debt the company can take on, Bloomberg reported Monday. The CFO said ongoing discussions about the 2025-29 business plan – likely to be released in November – include cash levels, investments, and a potential boost in the total debt ceiling of $65B, one of the conditions for dividend payments, but “if there is an increase in the debt ceiling it doesn’t mean we’re going to increase the debt. It would…
By Lewis Krauskopf, Prinz Magtulis, Pasit Kongkunakornkul and Vineet Sachdev NEW YORK (Reuters) – How stocks, bonds and the dollar perform after the Federal Reserve kicks off its rate-cutting cycle could depend on one factor more than most: the health of the U.S. economy. The Fed is expected to kick off a series of rate cuts on Wednesday, after raising borrowing costs to their highest level in nearly two decades. Markets are pricing in roughly 250 basis points of easing by the end of 2025, LSEG data showed. For investors, a key question may be whether the Fed will cut…
It is clear from how many readers, particularly young earners, respond to freefincal content these days that they are overconfident about their equity investments. Especially investments in small cap funds, mid cap funds, etc., that have soared in recent months. This could spell trouble for their goals and dreams.I hate to break it to you, but there is no proof that long-term equity investing will always give you “good returns”. All those arguments about the economy growing and the equity market reflecting those returns are mere opinions peddled by product manufacturers and their associates, fanned by influencers and heightened to…
The aviation world is witnessing a remarkable resurgence, with the ambitious goal of surpassing the speed records set by the legendary SR-71 Blackbird. Hermeus, a pioneering company, is at the forefront of this revolution, developing both military and civilian hypersonic aircraft. While the Darkhorse, an uncrewed military aircraft, aims to shatter the Blackbird’s Mach 3 record, the Halcyon is poised to redefine commercial air travel with its unprecedented speed. Hermeus’s journey towards these ambitious goals involves a series of meticulous steps. The company has been diligently developing and testing prototype aircraft, known as Quarterhorse Mk 1 and Quarterhorse Mk 2,…
Market Performance The Dow Jones Industrial Average jumped more than 200 points, settling at a fresh record high. The S&P 500 rose 0.1%, closing 0.6% below its all-time high. The Nasdaq Composite registered a 0.5% decline.Sector and Stock Movements Mega cap names and semiconductor shares, which outperformed last week, trailed the broader market and clipped the Nasdaq’s performance. Apple (AAPL, Financial) was a standout amid speculation that iPhone16 Pro demand has been weaker than expected. NVIDIA (NVDA), Amazon.com (AMZN, Financial), and Broadcom (AVGO, Financial) were also among the influential decliners.The S&P 500 information technology sector fell by 1.0% due to…
On news that a potentially resource-draining lawsuit against the company had been dismissed, units of master limited partnership Icahn Enterprises (NASDAQ: IEP) leaped almost 15% in price on Monday. This occurred on a rather sleepy trading session for stocks, with the S&P 500 index only bumping 0.1% higher.A good day in courtBefore market open, Icahn Enterprises announced — no doubt with immense satisfaction — that a district court judge had dismissed the suit. In the legal action, the company’s chairman and namesake Carl Icahn was accused of defrauding its unitholders in order to obtain significant amounts of personal loans.That accusation…