– Gold prices steadied on Friday and were headed for a third straight quarterly gain after a key U.S. inflation report was broadly in line with expectations, boosting hopes that the Federal Reserve could cut interest rates by September. Spot gold was steady at $2,326.47 per ounce, as of 1833 […]
Bullion up about 4% for the quarter Palladium up 5% for the day, down for third straight quarter June 28 – Gold prices steadied on Friday and were headed for a third straight quarterly gain after a key U.S. inflation report was broadly in line with expectations, boosting hopes that […]
(Bloomberg) — Spanish bakery firm Europastry SA postponed its initial public offering, becoming the latest European firm to halt listing plans amid the region’s faltering IPO revival. Europastry enjoyed broad support from investors in recent months, but unfavorable market conditions in the past few weeks and heightened volatility during […]
Traders add to Fed rate cut bets as inflation eases Nike slumps after results Infinera jumps after Nokia to buy company Indexes down: Dow 0.3%, S&P 0.17%, Nasdaq 0.21% By Ankika Biswas, Lisa Pauline Mattackal and Carolina Mandl U.S. stocks were muted on Friday after an early rally fizzled as […]
NEW YORK, – BlackRock won a fight with hedge fund manager Boaz Weinstein this week when shareholders voted at four of its closed-end funds to keep the asset manager’s directors in place and retain it as the manager, new data released on Friday show. Weinstein’s Saba Capital Management, a large […]
The whipsawing of rates in the market for repurchase agreements suggests that the collapse in funding costs seen earlier in the year has come to an end. Funding rates — the cost of financing holdings of Treasuries — typically march higher at the end of the quarter as banks rein […]
June 28 – Shares of Trump Media & Technology Group fell in choppy trading on Friday, erasing earlier gains driven by President Joe Biden’s shaky performance against Republican rival Donald Trump at the first 2024 U.S. presidential debate. TMTG shares have been volatile all year, as the stock is mostly […]
NEW YORK, – A series of upcoming economic reports and Congressional testimony from Federal Reserve Chairman Jerome Powell could jolt U.S. government bonds out of a narrow trading range. Yields on benchmark U.S. 10-year Treasuries, which move inversely to bond prices, have bounced between about 4.20% and 4.35% since mid-June, […]
The private-credit universe — already one of the fastest-growing markets — has room to balloon to $15 trillion over the next decade from $1.7 trillion today as types of lending broaden and expand, said Bruce Richards, whose Marathon Asset Management invests in a multitude of credit markets. “It’s going to […]
Crude oil prices pared some gains on Friday, June 28, but were on track for a weekly gain as investors weighed poor US fuel demand, but US inflation data for May boosted hopes for sooner interest rate cuts by the US Federal Reserve. Crude oil benchmarks gained almost six per […]