Summary Of the Markets Today:
- The Dow closed up 484 points or 1.20%,
- Nasdaq closed up 1.16%,
- S&P 500 closed up 1.16%,
- Gold $2,534 up $9.20,
- WTI crude oil settled at $69 up $0.88,
- 10-year U.S. Treasury 3.706 down 0.004 points,
- USD index $101.61 up $0.43,
- Bitcoin $56,930 up $2,084 or 3.80%,
*Stock data, cryptocurrency, and commodity prices at the market closing
Today’s Highlights
U.S. stocks rebounded strongly on Monday following the S&P 500’s worst week since early 2023, as investors refocused on inflation data that could influence upcoming interest rate decisions. Leading sectors included Financials, Industrials, and Energy. Among large-cap stocks, Nvidia, Tesla, and Amazon were notable gainers. The market is weighing the possibility of a 25 or 50 basis point cut at the upcoming Fed meeting, with recent comments from officials seeming to favor a smaller 0.25% reduction. Tech sector developments: Apple’s annual product launch event, featuring the new iPhone 16 series and updates to other devices, garnered attention. Investors will be closely watching the consumer inflation report on Wednesday and the producer inflation report on Thursday. These will be the final inflation indicators before the Fed’s policy decision on September 18.
Click here to read our current Economic Forecast – September 2024 Economic Forecast: One Recession Flag Removed With Three Remaining
Today’s Economic Releases Compiled by Steven Hansen, Publisher:
July 2024 sales of merchant wholesalers were up 2.9% from the revised July 2023 level. Total inventories of merchant wholesalers were up 0.4% from the revised July 2023 level. The July inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.35. The July 2023 ratio was 1.38. Those that follow my narrative know there is a methodology issue with the data gathering in this sector – the boundaries of this sector are fuzzy and confused by horizontal integrations vs. vertical splits vs. outsourcing of services previously performed in house vs. integration of formerly outsourced . The number of employees as increased 0.9% year-over-year in an industry that has a relatively high level of robotics. My bottom line is that this sector is not indicating a recession but there are issues preventing an accurate quantification of growth.
According to the Federal Reserve, “in July 2024, consumer credit increased at a seasonally adjusted annual rate of 6.0 percent. Revolving credit increased at an annual rate of 9.4 percent, while nonrevolving credit increased at an annual rate of 4.8 percent.” Consumer Credit only grew 1.9% year-over-year (the methodology used by the Fed to express annual growth as an extrapolation of the change in the rate of month-over-month growth) – and if one subtracts the rate of inflation, consumer credit growth is negative this month (red line on the graph below). Non-revolving credit (say student or car loans) only grew at 0.3% year-over-year but revolving credit (say credit cards) grew at 6.7% year-over-year. Note that in January 2023, revolving credit growth peaked at 15.5% year-over-year and has been declining ever since.
Here is a summary of headlines we are reading today:
- Russia Is Losing Its Grip on Central Asia
- Iran’s Missile Diplomacy Raises Stakes in Russia-Ukraine Conflict
- Oil Giants Evacuate Gulf of Mexico Platforms Ahead of Developing Hurricane
- Libyan Oil Shutdown Pushes Up U.S. Grades
- Oil Trading Giant Trafigura Sees Brent Falling Below $70 Soon
- Iraq Rejects U.S. Accusations of Enabling Iran Oil Smuggling
- Here’s everything Apple just announced: iPhone 16, iPhone 16 Pro, Apple Watch Series 10, AirPods 4 and more
- Dow closes nearly 500 points higher in rebound from Wall Street’s worst week of 2024: Live updates
- Palantir soars 13% on software vendor’s inclusion in S&P 500
- Big Lots files for bankruptcy protection, sells to private equity firm as it promises to keep offering ‘extreme bargains’
- MicroStrategy’s Michael Saylor predicts bitcoin could hit $13 million by 2045: CNBC Crypto World
- Austin Tells Zelensky: Long-Range Strikes in Russia Won’t Be A Game Changer
- Why low gasoline prices shouldn’t be a ‘bragging point’ in presidential elections
- 10-year Treasury yield ends at another 2023 low as August CPI looms
Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.
The Market in Perspective
| Here are the headlines moving the markets. | |
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Can Serbia Stay Neutral in a Polarized World?On the sidelines of an economic forum in Vladivostok on September 4, Serbian Deputy Prime Minister Aleksandar Vulin made it clear to Russian President Vladimir Putin that Belgrade is a strategic partner and an “ally of Russia.” Putin reciprocated the warmth, offering his greetings to President Aleksandar Vucic and then inviting his Serbian counterpart to attend the upcoming BRICS summit in the Russian city of Kazan. This Slavic show of solidarity, however, didn’t sit well with the European Union. The next day, EU foreign affairs spokesman Peter… Read more at: https://oilprice.com/Geopolitics/International/Can-Serbia-Stay-Neutral-in-a-Polarized-World.html |
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Nigeria Fuel Truck Explosion Kills 48At least 48 people have been killed in Nigeria following a fuel tanker truck explosion, the state’s disaster management agency has reported on Monday, noting that the fuel transport collided with a truck carrying travelers and cattle in the country’s north-central region overnight. Back in July, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reached an agreement with oil producers to supply crude oil to domestic refineries at market prices, ending a supply dispute that had strained relations with international oil… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Nigeria-Fuel-Truck-Explosion-Kills-48.html |
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Russia Is Losing Its Grip on Central AsiaRussia’s top diplomat has expressed grudging acceptance of expanding US involvement in improving Central Asia’s trade infrastructure. But, curiously, he sidestepped commenting on China’s growing economic influence in the region. Foreign Minister Sergei Lavrov, during a question-and-answer session with students at Moscow’s MGIMO University in early September, noted that “a growing number of extra-regional actors,” including the United States, has taken an interest in fostering trade via the so-called Middle Corridor,… Read more at: https://oilprice.com/Geopolitics/International/Russia-Is-Losing-Its-Grip-on-Central-Asia.html |
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Chevron Pulls Workers From Offshore Oil Platforms As Tropical Storm NearsChevron announced that non-essential employees and contractors have been pulled from four platforms in the US Gulf of Mexico ahead of a tropical storm expected to hit the region in just a few days. Bloomberg said Chevron workers from the Anchor, Big Foot, Jack/St. Malo, and Tahiti installations have been evacuated, noting that production in the Gulf so far remains ‘normal’. The National Hurricane Center said the tropical system will be named Tropical Storm Francine once it begins to organize. It’s expected to strengthen… Read more at: https://oilprice.com/Energy/Energy-General/Chevron-Pulls-Workers-From-Offshore-Oil-Platforms-As-Tropical-Storm-Nears.html |
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Iran’s Missile Diplomacy Raises Stakes in Russia-Ukraine ConflictThe European Union on September 9 described as “credible” information provided by allies suggesting Iran has supplied short-range ballistic missiles to Russia to help Moscow wage war in Ukraine and hinted at a “swift” response. The statement came after the Kremlin declined to directly refute the accusation and instead highlighted its cooperation with Tehran in “the most sensitive areas.” “We are aware of the credible information provided by allies on the delivery of Iranian ballistic missiles to Russia,” EU spokesman Peter Stano said. “We are looking… Read more at: https://oilprice.com/Geopolitics/International/Irans-Missile-Diplomacy-Raises-Stakes-in-Russia-Ukraine-Conflict.html |
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Oil Giants Evacuate Gulf of Mexico Platforms Ahead of Developing HurricaneOil and gas giants Chevron Corp. (NYSE:CVX), Exxon Mobil Corp. (NYSE:XOM) and Shell Plc (NYSE:SHEL) have evacuated staff and paused operations on oil platforms in the U.S. Gulf Of Mexico ahead of an expected hurricane, Reuters reports. According to the National Hurricane Center, a system developing in the southwestern Gulf of Mexico is expected to grow from a tropical storm and reach hurricane strength on Monday before reaching the northwestern U.S. Gulf Coast by the middle of the week. NHC says the Potential Tropical Cyclone Six was located… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Oil-Giants-Evacuate-Gulf-of-Mexico-Platforms-Ahead-of-Developing-Hurricane.html |
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China’s Energy Transition Is Slowing Its Oil Demand GrowthChina’s oil demand growth has been slowing down due to weaker economic performance and a shift to electric vehicles and LNG-fueled trucks, oil industry executives said at the APPEC conference in Singapore on Monday. Right now, Chinese oil demand growth has slowed to about 200,000 barrels per day (bpd) each year, compared to 500,000 bpd-600,000 bpd annual growth in the five years before Covid, Goldman Sachs’s head of oil research, Daan Struyven, said, as carried by Reuters. The slower growth is the result of higher EV penetration and… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Chinas-Energy-Transition-Is-Slowing-Its-Oil-Demand-Growth.html |
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Libyan Oil Shutdown Pushes Up U.S. GradesThe ongoing shutdown of Libyan oil exports is proving beneficial to some crude oil grades including Azeri, African and U.S. oil grades, but could prompt some refiners to cut their crude intake altogether due to poor profit margins, Reuters has reported. According to Patricio Valdivieso from consultancy Rystad Energy, Azeri and Algerian Saharan Blend will be refiners’ top choices for Libyan substitutes for October-loading cargoes while U.S. WTI Midland could replace Libyan volumes in the short term, Reuters reported. Azeri and Kazakh crude… Read more at: https://oilprice.com/Energy/Crude-Oil/Libyan-Oil-Shutdown-Pushes-Up-US-Grades.html |
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Gunvor Expands Its Crude Oil Trading With U.S. VolumesGunvor Group, one of the world’s biggest independent oil traders, traded a record volume of crude oil and petroleum products in the first half of the year, largely driven by a growing number of deals to move oil from the United States, the group’s chairman Torbjörn Törnqvist told Bloomberg. Gunvor traded a record volume of 79 million tons of crude and products in the first half of 2024, Törnqvist told Bloomberg in an interview on Monday. The rise in oil trade volumes is mostly due to more and more deals Gunvor has been… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Gunvor-Expands-Its-Crude-Oil-Trading-With-US-Volumes.html |
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Oil Trading Giant Trafigura Sees Brent Falling Below $70 SoonBrent Crude oil prices are set to drop into the $60s per barrel range soon, according to one of the largest independent oil traders, Trafigura. Brent Crude, the international benchmark, was trading at $71.63 a barrel, up by 0.65% on the day, early on Monday, as both benchmarks rebounded following a major selloff last week. Oil prices dropped to their lowest level so far this year and settled on Friday at the lowest levels since June 2023. Ben Luckock, Global Head of Oil at Trafigura, expects Brent to drop into the $60s handle, although he warned… Read more at: https://oilprice.com/Energy/Energy-General/Oil-Trading-Giant-Trafigura-Sees-Brent-Falling-Below-70-Soon.html |
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World’s Top Oil Trader Sees China’s Gasoline Demand Peaking by 2025China’s gradual shift toward electric vehicles will bring about domestic gasoline demand peaking either this year or next, according to the top executive of the world’s largest independent oil trader, Vitol Group. “Gasoline is likely to peak this year or next year in China — not because nobody’s moving, but simply because the fleet is slowly changing towards electric vehicles,” Vitol Group’s CEO Russell Hardy told Bloomberg in an interview published on Monday. Earlier this year, Vitol pushed back its expected… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Worlds-Top-Oil-Trader-Sees-Chinas-Gasoline-Demand-Peaking-by-2025.html |
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Indonesia Still Awaits $20 Billion G7 Funding to Shift Away From CoalIndonesia, the largest economy in Southeast Asia, is still awaiting a large part of the $20 billion funding it was promised by the richest nations to facilitate its move away from coal, a government official said on Monday. “If you push us to retire our coal plants early, how do we finance it? The interest on the finance needs to be attractive,” Luhut Pandjaitan, a senior minister overseeing mining, said at the Coaltrans Asia industry event, as carried by Reuters. At the end of 2022, Indonesia, the world’s top coal exporter and… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Indonesia-Still-Awaits-20-Billion-G7-Funding-to-Shift-Away-From-Coal.html |
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Morgan Stanley Slashes Its Oil Price Forecast AgainJust two weeks after lowering its Brent oil price estimate to $80 per barrel for the fourth quarter, Morgan Stanley cut again its forecast, now expecting the international benchmark to average $75 a barrel in the last quarter of the year. Analysts at Morgan Stanley see rising headwinds on the demand side, which has been their key reason for cutting their Q4 oil price forecast. “The recent trajectory of oil prices has similarities to other periods with considerable demand weakness,” Morgan Stanley analysts wrote in a Monday note carried… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Morgan-Stanley-Slashes-Its-Oil-Price-Forecast-Again.html |
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Iraq Rejects U.S. Accusations of Enabling Iran Oil SmugglingIraq has rejected allegations made by U.S. Congressmen that it was helping Iran evade U.S. sanctions by channeling some of its oil revenues to Iranian entities. Last week, five Congressmen called on President Joe Biden to ban the Iraqi oil minister from attending events in the United States because of his alleged involvement in Iranian sanction evasion. The group also demanded an investigation into Minister Hayyan Abdul-Ghani and other Iraqi officials on their alleged participation in sanction evasion. “There are multiple public reports alleging… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Iraq-Rejects-US-Accusations-of-Enabling-Iran-Oil-Smuggling.html |
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OPEC+ to Begin Oil Production Increase in 2025The OPEC+ group will begin adding supply to the market in 2025, for the first time since 2022, Jim Burkhard, vice president of research at S&P Global Commodity Insights, said at the Asia Pacific Petroleum Conference (APPEC) on Monday. “We think in 2025 for the first time in a couple of years, first time since 2022, OPEC+ will increase production,” Burkhard said at the conference in Singapore organized by S&P, as carried by Reuters. Last week, the OPEC+ alliance led by Saudi Arabia and Russia decided to delay the unwinding of… Read more at: https://oilprice.com/Energy/Energy-General/OPEC-to-Begin-Oil-Production-Increase-in-2025.html |
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Here’s everything Apple just announced: iPhone 16, iPhone 16 Pro, Apple Watch Series 10, AirPods 4 and moreApple announced the new iPhone 16, the new Apple Watch Series 10, AirPods 4 and more on Monday. CNBC’s live blog coverage is below. Read more at: https://www.cnbc.com/2024/09/09/apple-event-2024-live-updates-iphone-16-apple-watch-10.html |
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Dow closes nearly 500 points higher in rebound from Wall Street’s worst week of 2024: Live updatesU.S. stocks jumped Monday as Wall Street attempted to regain some of the steep losses suffered last week. Read more at: https://www.cnbc.com/2024/09/08/stock-market-today-live-updates.html |
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Six issues Brian Niccol will have to fix at Starbucks as he takes over as CEOFormer Chipotle CEO Brian Niccol is starting as chief executive of Starbucks. Read more at: https://www.cnbc.com/2024/09/09/starbucks-ceo-brian-niccol-first-day-mobile-app-china-are-challenges.html |
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Palantir soars 13% on software vendor’s inclusion in S&P 500Palantir and Dell are joining the S&P 500, the latest tech companies to get added to the benchmark index. Read more at: https://www.cnbc.com/2024/09/09/palantir-soars-13percent-on-software-vendors-inclusion-in-sp-500.html |
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The new Trump trade is bitcoin, price could top $80,000 if he wins election, according to BernsteinAs Election Day draws nearer, so does bitcoin’s eventual breakout from this year’s narrow trading range, Bernstein says. Read more at: https://www.cnbc.com/2024/09/09/bitcoin-could-top-80000-if-trump-wins-election-bernstein-says.html |
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Morgan Stanley cuts oil forecast, says traders are pricing in a demand slowdown similar to mild recessionThere are some troubling signals in the oil market and a recession-like scenario “is not entirely to be dismissed,” according to Morgan Stanley. Read more at: https://www.cnbc.com/2024/09/09/oil-prices-suggest-demand-is-slowing-to-a-mild-recession-pace-morgan-stanley-says.html |
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Big Lots files for bankruptcy protection, sells to private equity firm as it promises to keep offering ‘extreme bargains’Discount home goods retailer Big Lots filed for bankruptcy protection as low-income shoppers slow spending on new furniture and home decor. Read more at: https://www.cnbc.com/2024/09/09/big-lots-bankruptcy-plans-sale-and-store-closures.html |
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Huawei’s trifold phone gets 2.7 million pre-orders ahead of Apple’s iPhone 16 launchHuawei has received more than 2.7 million pre-orders for its new, trifold smartphone, according to its website Monday. Read more at: https://www.cnbc.com/2024/09/09/huaweis-tri-fold-phone-gets-2point7-million-pre-orders-before-iphone-16-launch.html |
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MicroStrategy’s Michael Saylor predicts bitcoin could hit $13 million by 2045: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Mauricio Di Bartolomeo, co-founder & chief strategy officer at digital lending platform Ledn, explains why the firm’s bitcoin lending business ‘exploded’ following the launch of spot crypto ETFs in the United States. Read more at: https://www.cnbc.com/video/2024/09/09/microstrategys-michael-saylor-predicts-bitcoin-could-hit-13-million-by-2045-cnbc-crypto-world.html |
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Trump Media shares climb over 7% after poll seen as good news for ex-presidentTrump Media majority shareholder, Republican nominee Donald Trump, is set to face Democratic nominee Kamala Harris in their first debate on Tuesday. Read more at: https://www.cnbc.com/2024/09/09/djt-trump-media-shares-climb-more-than-7-percent.html |
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Waffle House CEO Walt Ehmer has died at age 58Walt Ehmer, the president and CEO of Waffle House, has died at age 58, the foundation announced Sunday. Read more at: https://www.cnbc.com/2024/09/09/waffle-house-ceo-walt-ehmer-has-died-at-age-58.html |
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Tropical Storm Francine forms off Mexico and is expected to hit Louisiana as a hurricaneTropical Storm Francine formed Monday off the coast of Mexico and was expected to drench the Texas coast with up to a foot (30 centimeters) of rain. Read more at: https://www.cnbc.com/2024/09/09/tropical-storm-francine-forms-expected-to-hit-louisiana-as-hurricane.html |
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Nelson Peltz steps down as chair of Wendy’s board, starting a new era for burger chainPeltz’s Trian Fund Management has a 10% stake in Wendy’s, making it the company’s second-largest shareholder. Read more at: https://www.cnbc.com/2024/09/09/nelson-peltz-steps-down-as-chair-of-wendys-board.html |
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Embattled Finance Firm B. Riley Looks To Raise Up To $410 Million From Asset SalesDistressed financial firm B. Riley is planning the sale of its majority stake in Great American Group to reduce its leverage and try to stabilize its embattled business, according to Bloomberg. Shares were up almost 15% in early trade on the news before paring gains with the broader market.
The Los Angeles-based company is negotiating the sale and has a non-binding financing agreement for its B. Riley and bebe brands businesses. These deals could raise $410 million, which B. Riley plans to use to reduce its debt with Nomura Holdings to $125 million by the end of 2024, according to Bloomberg. The company has been under relentless attack from short sellers for its business practices and is trying to manage $2 billion in debt, federal investigations into its financial reporting, and a substantial second-quarter loss. The firm is under investigation by the SEC regarding its asse … Read more at: https://www.zerohedge.com/markets/embattled-finance-firm-b-riley-looks-raise-410-million-asset-sales |
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Look What Democrats Said About Dick Cheney A Few Years AgoLook What Democrats Said About Dick Cheney A Few Years AgoAuthored by Steve Watson via Modernity.news, As we highlighted yesterday, the Harris campaign is bragging about Dick Cheney endorsing her, after he described Trump as the greatest threat to America in history.
Indeed, Harris herself said she is “honored” to have Cheney’s endorsement.
Wait. How has Dick Cheney gone from Satan to a Democrat darling in the space of a few years?
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Austin Tells Zelensky: Long-Range Strikes in Russia Won’t Be A Game ChangerIn the latest $250 million weapons package for Ukraine approved and released by the Biden administration, noticeably absent were the longer range missiles which Zelensky has long been pleading for. The package did include the typical HIMARS ammunition, air defenses, artillery rounds, and even some Stinger missiles, among other items, and was pulled through the Presidential Drawdown Authority, which draws from American military stockpiles. It is part of the $61 billion for Ukraine (out of the total $95 billion foreign military aid bill) singed into law by President Biden last April.
Image: Office of the Secretary of Defense Public Affairs On the same day the $250 million weapons package was released (Friday), Secretary of Defense Lloyd Austin offered some rare pushed back against Kiev’s desperate requests to use US and Western weaponry to launch long-range s … Read more at: https://www.zerohedge.com/geopolitical/austin-tells-zelensky-long-range-strikes-russia-wont-be-game-changer |
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Ministers set to agree £500m Tata Steel subsidyLabour ministers will announce they are matching the previous government’s commitment for the site. Read more at: https://www.bbc.com/news/articles/c0jp0v77231o |
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No further pensioner support over winter fuel – No 10Some Labour MPs are uneasy over the move to scrap winter fuel payments for millions of pensioners. Read more at: https://www.bbc.com/news/articles/c04903zr2neo |
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Asos shoppers hit out at new £3.95 returns chargeThe company said it was introducing a charge for customers with a “frequently high return rate”. Read more at: https://www.bbc.com/news/articles/ce9zlrmp2y7o |
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Sebi dismisses insider trading charges against Infosys staff & entities, lifts market restrictionsSebi lifted restrictions on Infosys employees and related entities, dismissing insider trading charges. The regulator vacated previous orders from 2021, allowing the affected individuals and entities to access the securities market and releasing any impounded funds. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/sebi-dismisses-insider-trading-charges-against-infosys-staff-entities-lifts-market-restrictions/articleshow/113200069.cms |
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Hinduja Group firm IIHL to raise Rs 3,000 crore via NCDsThe central bank had appointed Nageswara Rao Y as the administrator, who invited bids in February 2022 to take over the company.The proceeds will be used to part fund the acquisition of RCAP, while the other leg of the transaction to complete the process for Rs 4,300 crore is parallelly underway which will be subject to receipt of regulatory approvals and completion of formalities by the administrator, sources said Read more at: https://economictimes.indiatimes.com/markets/bonds/hinduja-group-firm-iihl-to-raise-rs-3000-crore-via-ncds/articleshow/113201002.cms |
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Trent, Zomato help Junior Nifty beat midcap and smallcap peers. Where to invest?Tata Group’s Trent, poised to join the Nifty 50 on September 30th after the NSE reshuffle, has been a top performer with a remarkable 244% return in the past year. Other standout stocks include Zomato, Power Finance Corporation (PFC), REC, Hindustan Aeronautics (HAL), Indian Railway Catering and Tourism Corporation (IRCTC), and Bharat Electronics (BEL), delivering returns ranging from 105% to 165%. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/trent-zomato-help-junior-nifty-beat-midcap-and-smallcap-peers-where-to-invest/articleshow/113194832.cms |
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Why low gasoline prices shouldn’t be a ‘bragging point’ in presidential electionsThe cost of gasoline at the pump has dropped by more than 15% from a year ago, but the upcoming U.S. presidential election and the peak of the Atlantic hurricane season may lead to a sudden shift in the fuel market. Read more at: https://www.marketwatch.com/story/why-low-gasoline-prices-shouldnt-be-a-bragging-point-in-presidential-elections-aeae514b?mod=mw_rss_topstories |
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‘At times, the pain is unbearable’: My daughter cut me out of her life. I’m conflicted — do I exclude her from my will?“I scrimped, saved, invested and worked multiple jobs my entire adult life so my children would never have to pay my senior-care medical expenses.” Read more at: https://www.marketwatch.com/story/at-times-the-pain-is-unbearable-my-daughter-cut-me-out-of-her-life-im-conflicted-do-i-exclude-her-from-my-will-4f26ba0c?mod=mw_rss_topstories |
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10-year Treasury yield ends at another 2023 low as August CPI loomsYields on U.S. government debt finished little changed on Monday as investors weighed the extent to which the next major inflation report might impact the size of the Federal Reserve’s first interest-rate cut on Sept. 18. Read more at: https://www.marketwatch.com/story/bond-yields-rise-after-last-weeks-slump-b68ee2d5?mod=mw_rss_topstories |
