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+92 213 453 4222info@learntrade.com.pkThe great market rally of 2024 looks dangerously close to unraveling as Wall Street’s once-invincible bull brigade begins to withdraw its winnings.
Chinese President Xi Jinping has ordered what amounts to the biggest reorganization of the nation’s military since 2015 in a move that affects the force in charge of capabilities including cyber warfare.
Petroleo Brasileiro SA’s board settled on a 50% payout of its potential extraordinary dividends from 2023, settling a dispute that rocked the Brazilian market over concerns that President Luiz Inacio Lula da Silva was exercising too much influence over the state-controlled oil producer.
Tesla Inc. cut prices of its best-selling Model Y, as well as the Model S and X, by $2,000 after disappointing first-quarter sales contributed to swelling inventory.
President Andres Manuel Lopez Obrador said the Mexican peso’s recent weakening was a help as the currency had become too strong.
Colombian lawmakers added a clause to a pension bill in congress that will allow fund managers to rake in an additional $750 million in management fees.
Mexico’s leading presidential candidate Claudia Sheinbaum said she expects Petroleos Mexicanos, the world’s most indebted oil producer, to refinance its bonds ahead of upcoming maturities in 2025.
Chinese President Xi Jinping has ordered what amounts to the biggest reorganization of the nation’s military since 2015 in a move that affects the force in charge of capabilities including cyber warfare.
Petroleo Brasileiro SA’s board settled on a 50% payout of its potential extraordinary dividends from 2023, settling a dispute that rocked the Brazilian market over concerns that President Luiz Inacio Lula da Silva was exercising too much influence over the state-controlled oil producer.
Tesla Inc. cut prices of its best-selling Model Y, as well as the Model S and X, by $2,000 after disappointing first-quarter sales contributed to swelling inventory.
President Andres Manuel Lopez Obrador said the Mexican peso’s recent weakening was a help as the currency had become too strong.
Colombian lawmakers added a clause to a pension bill in congress that will allow fund managers to rake in an additional $750 million in management fees.
A selloff in the world’s largest technology companies hit stocks, with Wall Street traders gearing up for a deluge of results from the industry that has powered the bull market.
US financial watchdogs plan to take another crack at regulating Wall Street executives’ pay — an outstanding requirement of the 2010 Dodd-Frank Act that has repeatedly failed to materialize.
At no stage this week did crude futures trade higher than where they were last Friday, before Iran’s attack on Israel.
Even in an age of instant communication and live financial data, investors still have to wait days to take ownership of the stocks they purchase or to receive payment for the stocks they sell. That’s about to change. Starting on May 28, 2024, US trades will “settle” (complete the exchange of dollars for stock) in one day rather than two. Experts say US banks, brokers and investors will have to review all of their post-trade technologies and procedures to ensure they are ready for the new pace of
Activist short sellers such as Daniel Yu of Gotham City Research, Nathan Anderson of Hindenburg Research and Carson Block of Muddy Waters Capital are getting more attention, as they increasingly use social media to push well-timed claims of weak fundamentals, improper accounting or outright fraud at publicly traded companies. These short sellers often present their findings as research, but they’re also interested parties that stand to gain if the target company’s stock drops. While some accusat
Bitcoin’s propensity to rally ahead of much-touted industry milestones is raising the risk that the software modification known as the halving slated for later Friday may turn into another “sell-the-news” event.
Bitcoin is notoriously volatile, prone to sudden price surges and swift reversals that can wipe out millions of dollars of value in minutes. Those changes are often mysterious to market observers, because of the digital currency’s lack of ties to the real economy.
Nickel Digital Asset Management has tempered expectations for its $80 million Diversified Alpha fund after elevated cryptocurrency volatility powered its best-ever quarterly performance.
Petroleo Brasileiro SA’s board settled on a 50% payout of its potential extraordinary dividends from 2023, settling a dispute that rocked the Brazilian market over concerns that President Luiz Inacio Lula da Silva was exercising too much influence over the state-controlled oil producer.
Tesla Inc. cut prices of its best-selling Model Y, as well as the Model S and X, by $2,000 after disappointing first-quarter sales contributed to swelling inventory.
President Andres Manuel Lopez Obrador said the Mexican peso’s recent weakening was a help as the currency had become too strong.
Colombian lawmakers added a clause to a pension bill in congress that will allow fund managers to rake in an additional $750 million in management fees.
US financial watchdogs plan to take another crack at regulating Wall Street executives’ pay — an outstanding requirement of the 2010 Dodd-Frank Act that has repeatedly failed to materialize.
At no stage this week did crude futures trade higher than where they were last Friday, before Iran’s attack on Israel.
BP Plc declined to boost defined benefit payments to retired UK workers by an extra 2% this year, saying that its pension payouts have already been outpacing inflation over the past decade.
The surprising resilience of the US economy would seem, on the face of it, to be good for corporations. But as the expansion plows ahead, pressures are forming beneath the surface to threaten some of the country’s riskiest companies.
The Argentine province of La Rioja was sued by creditors in US Court, escalating a legal battle over some $10 million in missed bond payments.
Ghana and creditors expect to reach an agreement in principle to restructure overseas bonds as soon as the end of May, according to people with direct knowledge of the matter.
Fifth Third Bancorp jumped the most in four months, leading bank stocks higher, with Chief Executive Officer Tim Spence predicting that income from lending has bottomed out.
A group of FTX investors and customers has agreed to drop their claims against co-founder Sam Bankman-Fried in exchange for his cooperation against other defendants in a sprawling set of lawsuits over the cryptocurrency exchange’s collapse.
The world’s two biggest metals traders are moving to withdraw large volumes of aluminum from the London Metal Exchange in a complex trade made possible by new UK sanctions on Russian metal, raising questions about unintended consequences from the new rules.
Now that a large swath of Americans have paid their tax bills, milestones have been set as cash sloshed through the financial system with broader implications ahead potentially for the Federal Reserve unwinding its balance sheet.
Blackstone Inc.’s Strategic Partners unit sold a $1.1 billion portfolio of private equity fund interests to Ares Management Corp.
Investors yanked money from municipal bond funds at the fastest clip in more than a year as they sold assets to pay income taxes and tried to protect returns amid signals that the Federal Reserve will keep rates higher for longer.
The Los Angeles Unified School District is heading to Wall Street next week to lower the cost on some of its outstanding debt, a bond sale that comes amid a push to align spending with declining enrollment that was cited by Moody’s Ratings when it raised its issuer credit rating recently.
Trump Media & Technology Group Corp. says an illegal form of short selling might be behind the battering of its stock and it’s asking regulators at Nasdaq Inc. to step in.
Investors have been diving into cheap pot stocks in hopes that a change in US policy will unlock major upside for cannabis companies.
Operations at a Zijin Mining Group Ltd. copper and cobalt mine in the Democratic Republic of Congo have been suspended due to worries about excessive radiation in its cobalt, according to people familiar with the matter.
NATO Secretary General Jens Stoltenberg said allies have identified additional air defense equipment for Ukraine, including Patriot and SAMP/T systems.
Companies that move goods around and serve as a bellwether for the American economy sent up a smoke signal this week.
Supertankers hauling crude oil to China surged to the highest in almost a year.
A unit of Abu Dhabi National Oil Co. is considering a potential investment in UGI Corp.’s propane distribution unit AmeriGas, according to people with knowledge of the matter.
Standard Chartered Plc is facing about £1.5 billion ($1.9 billion) worth of investor claims at a London trial over allegations it systematically breached Iranian sanctions to win new business.
Morgan Stanley has hired Andy Lipsky, JPMorgan Chase & Co.’s vice chair of investment banking, according to people with knowledge of the matter.
President Joe Biden’s trade chief said that she expects a conclusion on a review of tariffs on more than $300 billion in Chinese goods “soon,” and that the administration has been looking at ways to make them more strategic and effective.
Sub-Saharan Africa could produce almost $2 trillion of metals required for the energy transition by 2050, according to the International Monetary Fund.
The Cboe Volatility Index popped above 20 for the first time since October as geopolitical angst stoked wagers for added swings in US stocks.
The International Monetary Fund expects OPEC and its partners to start increasing oil output gradually from July, a transition that’s set to catapult Saudi Arabia back into the ranks of the world’s fastest-growing economies next year.