Gold regained its luster this week, driven by safe-haven demand amid an escalation between Russia and Ukraine tensions. The bullion is on track to post its best week in a year, rising 5% so far. A weaker dollar added to the strength (read: Gold Continues to Glitter: ETFs to Tap Its Safe Haven Appeal).
» Read more about: Gold ETFs Regain Luster: Will the Rally Continue? »
(Bloomberg) — Amid a red-hot run in the shares of MicroStrategy Inc. last month, Matt Tuttle got some bad news from the prime brokers for his booming leveraged ETF linked to the shares of the crypto-centric company.
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The prime brokers — units within banks that work with their clients on activities like securities lending — had reached their limits on how much swap exposure they were willing to offer for his roughly month-old fund,
» Read more about: Booming MicroStrategy ETFs Are Straining Limits at Prime Brokers »
NEW YORK (AP) — Stocks rose in afternoon trading on Wall Street Friday, keeping the market on track for its fifth gain in a row.
The S&P 500 was up 0.4% and is solidly on track for a weekly gain that will erase most of last week’s loss.
» Read more about: Stock market today: Wall Street gains ground as it heads for a winning week »
Brazilian state-controlled oil company Petrobras has unveiled a plan to distribute up to $55bn in dividends up to 2029 as part of its five-year business strategy, aiming to maintain its commitment to returning cash to investors, as reported by Bloomberg.
The company stated in a recent securities filing that it may also disburse up to $10bn in extraordinary dividends during this period.
» Read more about: Petrobras to distribute up to $55bn in dividends by 2029 »
(Bloomberg) — US consumer sentiment rose in November by less than previously reported, reflecting deep divisions among Republicans and Democrats about the path for the economy after Donald Trump’s presidential election win.
The University of Michigan’s final November index edged up 1.3 points from a month earlier to 71.8, data showed Friday.
» Read more about: US Consumer Sentiment Rises Less Than Forecast After Election »
US economic output is roaring as businesses prepare for lower interest rates and the incoming Trump administration in Washington.
S&P Global’s flash US composite PMI, which captures activity in both the services and manufacturing sectors, came in at 55.3 in November, up from 54.1 in October. Economists had expected the index to tick up to 54.3.
WASHINGTON (Reuters) – A measure of U.S. business activity raced to a 31-month high in November, boosted by hopes for lower interest rates and more business-friendly policies from President-elect Donald Trump’s administration next year.
» Read more about: US business activity gauge rises to 31-month high in November »
Palantir Technologies Inc. PLTR is making a big move from the NYSE to the Nasdaq Global Select Market, effective Nov. 26.
Could this be a step toward a future inclusion in the Nasdaq-100 Index?
Investors are now watching the stock’s exposure in exchange-traded funds (ETFs),
» Read more about: 3 ETFs With PLTR Exposure To Consider As Nasdaq-100 Rebalance Looms »
It’s no secret that the major market indices have been hitting new highs. Investors feel optimistic over the recently concluded presidential election amid news of a healthy economy.
However, unexpected bad news could trigger a sharp and sudden sell-off. Investors need to understand that such sell-offs are normal in the stock market. Rather than feeling surprised,
» Read more about: 3 Unstoppable Growth Stocks to Buy if There's a Stock Market Sell-Off »
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