Summary Of the Markets Today:
- The Dow closed up 61 points or 0.15%, (Closed at 42,124, New Historic high 42,190)
- Nasdaq closed up 0.14%,
- S&P 500 closed up 0.28%,
- Gold $2,651 up $5.10,
- WTI crude oil settled at $71 down $0.45,
- 10-year U.S. Treasury 3.747 up 0.019 points,
- USD index $100.89 up $0.17,
- Bitcoin $63,443 down $187 or 0.29%,
*Stock data, cryptocurrency, and commodity prices at the market closing
Today’s Highlights
US stocks rose on Monday, with the Dow Jones Industrial Average and S&P 500 reaching new record closing highs. Investors are looking ahead to key economic data releases and Federal Reserve speakers for clues about future rate cuts. The main focus is on
- Friday’s PCE index reading (the Fed’s preferred inflation gauge)
- Thursday’s second quarter GDP print Remarks from Fed officials, including Chair Jerome Powell Federal Reserve Insights
Fed officials Raphael Bostic and Neel Kashkari explained their support for the recent 50 basis point rate cut, citing progress on inflation and a cooling job market. Investors are closely watching for further comments from Fed officials, especially given the rare lack of unanimity in the last decision. Tesla (TSLA) stock rose on a bullish delivery forecast ahead of its robotaxi day in October. Intel (INTC) shares jumped after Apollo Global Management reportedly offered a multibillion-dollar investment. Boeing (BA) shares increased 2% after raising its negotiation offer to its machinist union. General Motors (GM) stock dropped following a downgrade by Bernstein analysts, who cited earnings headwinds and cost concerns.
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:
The Chicago Fed National Activity Index (CFNAI) three-month moving average, CFNAI-MA3, decreased to –0.17 in August from –0.13 in July. A zero value for the CFNAI has been associated with the national economy expanding at its historical trend (average) rate of growth; negative values with below-average growth (in standard deviation units); and positive values with above-average growth. Following a period of economic expansion, an increasing likelihood of a recession has historically been associated with a CFNAI-MA3 value below –0.70. Conversely, following a period of economic contraction, an increasing likelihood of an expansion has historically been associated with a CFNAI-MA3 value above –0.70 and a significant likelihood of an expansion has historically been associated with a CFNAI-MA3 value above +0.20. The bottom line here is that according to this index the USA economy has been relatively poor for the last two years – which roughly correlates to the elevated inflation situation.
Here is a summary of headlines we are reading today:
- Three Mile Island Nuke to Reopen with Microsoft Contract
- Oil Steadies Amid Israeli Bombardment of Southern Lebanon
- Shell Abandons Norway’s Hydrogen Projects Due To Lack Of Demand
- China’s Russian Oil Imports Jump 25% as Beijing Seeks Cheap Crude
- Looming Port Strike Threatens to Cripple East Coast Supply Chains
- U.S. Administration Backs $1-Billion Fund for Small Automakers Investing in EVs
- Southwest Airlines tells staff ‘difficult decisions’ ahead in push to boost profits
- S&P 500 rises to fresh record close Monday as traders aim to extend Fed cut relief rally: Live updates
- How Foot Locker is waging a comeback after its breakup with Nike
- FBI stats show murder dropped 11.6%, the largest single year decline in the last 20 years
- Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead
- Barclays & Goldman Analysts Share Tesla Vehicle Delivery Estimates With Clients
- Investors clinging to cash face these two risks as the Fed cuts interest rates, researchers say
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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U.S. LNG Permit Freeze Sparks Export Boom in Canada and MexicoCanada and Mexico are rushing to fill the natural gas vacuum left by the United States’ ongoing moratorium on new liquefied natural gas (LNG) export permits introduced by the Biden Administration in January of this year. The country’s neighbors to the north and south are speeding up their own export capacities to the tune of tens of billions of dollars to capitalize on the newfound market opportunity to provide natural gas to Asian buyers as the world’s biggest LNG exporter takes a break. On January 26th, President Biden… Read more at: https://oilprice.com/Energy/Natural-Gas/US-LNG-Permit-Freeze-Sparks-Export-Boom-in-Canada-and-Mexico.html |
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Three Mile Island Nuke to Reopen with Microsoft ContractOn Friday (September 20th) Baltimore-based Constellation Energy and Microsoft jointly announced an agreement to reopen the shuttered 835 mw Three Mile Island Unit 1 nuclear plant located near Harrisburg, PA. Its more famous twin, unit 2, has been closed since its partial core meltdown in 1979–the single worst accident in US commercial nuclear operating history. Unit 2 is presently being decommissioned. Unit 1 was unscathed by the accident and continued operating until its 1999 closure for economic reasons. Constellation estimates it will… Read more at: https://oilprice.com/Alternative-Energy/Nuclear-Power/Three-Mile-Island-Nuke-to-Reopen-with-Microsoft-Contract.html |
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Oil Steadies Amid Israeli Bombardment of Southern LebanonThe fate of senior Hezbollah leader Ali Karaki, the head of the southern front, remains unknown after he was targeted by an Israeli strike Monday evening on the southern suburbs of Lebanon’s capital. At least 274 people, including 39 women and 21 children, have been killed and 1,024 wounded in Israeli attacks on Lebanon, the country’s Health Ministry has revealed, as reported by Al Jazeera. Oil prices have been trading down in Monday’s session despite the renewed threat of this escalating into a regional war. Brent crude… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Oil-Steadies-Amid-Israeli-Bombardment-of-Southern-Lebanon.html |
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Singapore Sovereign Wealth Fund Cautions UK Government on Utility RegulationsSingapore’s sovereign wealth fund has reportedly told the government that it will not invest in regulated UK water, electricity and gas utilities due to unpredictable rules on infrastructure, in a blow for Labour’s economic strategy. GIC, the world’s seventh-largest sovereign wealth fund with more than $800bn (£600bn) in assets, declared its stance during a private meeting with environment secretary Steve Reed earlier this month, according to The Sunday Times. It was said that one person at the meeting, including representatives… Read more at: https://oilprice.com/Energy/Energy-General/Singapore-Sovereign-Wealth-Fund-Cautions-UK-Government-on-Utility-Regulations.html |
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Energy Dependency: Europe’s Achilles Heel?Mario Draghi’s much-anticipated report on European competitiveness, released on September 9th, provides a comprehensive assessment of Europe’s economic challenges and proposes solutions. The report has garnered mixed reactions, with some praising its thoroughness and others criticizing its recommendations. Draghi’s Assessment of the European Economy Draghi highlights the decline of the European economy, evidenced by a falling share of global GDP and trade. He attributes this primarily to lagging productivity, particularly in digitalization.… Read more at: https://oilprice.com/Energy/Energy-General/Energy-Dependency-Europes-Achilles-Heel.html |
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Shell Abandons Norway’s Hydrogen Projects Due To Lack Of DemandShell Plc (NYSE:SHEL) has ditched plans to build a low-carbon hydrogen plant on Norway’s west coast due to a lack of demand, Reuters reported on Monday. “We haven’t seen the market for blue hydrogen materialize and decided not to progress the project,” a Shell spokesperson has told Reuters. Shell’s announcement comes hot on the heels of a similar move by oil and gas giant, Equinor ASA (NYSE:EQNR). Last week, the Norwegian state-owned multinational energy company announced that it will not move forward with plans to build a pipeline… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Shell-Abandons-Norways-Hydrogen-Projects-Due-To-Lack-Of-Demand.html |
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Millions of Orphan Oil Wells Are a Ticking Timebomb for the U.S.Oil and Gas (O&G) activity in the U.S has had exponential growth in recent years. With the advent of more efficient extraction techniques such as fracking, the O&G industry has seen one of the largest production and export growth in the global O&G landscape. This growth, while relatively recent, is preceded by a period of U.S. O&G production that stretches back to the 80s. This frenetic activity in O&G extraction has left thousands of oil wells abandoned across the United States. Two types of disused oil wells can be distinguished.… Read more at: https://oilprice.com/Energy/Energy-General/Millions-of-Orphan-Oil-Wells-Are-a-Ticking-Timebomb-for-the-US.html |
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China’s Russian Oil Imports Jump 25% as Beijing Seeks Cheap CrudeChina’s crude oil imports from Russia jumped by 25.6% month-on-month in August as Beijing last month welcomed the highest monthly crude arrivals so far this year, taking advantage of cheaper supplies. China imported 2.21 million barrels per day (bpd) of crude from Russia in August, according to data from the Chinese General Customs Administration cited by Russian news agency Interfax. The second-largest supplier of China last month was Malaysia, further supporting the estimates that Beijing has rushed to buy cheap discounted oil at a time… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Chinas-Russian-Oil-Imports-Jump-25-as-Beijing-Seeks-Cheap-Crude.html |
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Volatile Oil Prices Force Iraq to Explore Alternative Revenue StreamsOPEC’s second-largest oil producer, Iraq, is looking at alternative revenue streams as the volatility in international crude oil prices makes its budget income unpredictable. The finance committee at Iraq’s Parliament said on Monday it was looking to boost non-oil revenues to make government revenues more reliable and predictable. More than 90 percent of Iraq’s government revenue comes from oil, which makes one of OPEC’s top producers vulnerable to any decline in oil prices. “Iraq relies heavily on oil to boost its… Read more at: https://oilprice.com/Energy/Energy-General/Volatile-Oil-Prices-Force-Iraq-to-Explore-Alternative-Revenue-Streams.html |
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France’s New Energy Minister to Pursue Shift Away From Fossil FuelsFrance will pursue a shift away from fossil fuels and will support nuclear and renewable energy as the new government will look to lower household bills, the new French energy minister said on Monday. Agnes Pannier-Runacher, who was appointed France’s energy, environment, and climate minister this weekend, on Saturday said that the challenges of the century are moving away from fossil fuels, adapting France to the effects of climate change, stopping the collapse of biodiversity, and reversing the trend. The key to reducing pollution and energy… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Frances-New-Energy-Minister-to-Pursue-Shift-Away-From-Fossil-Fuels.html |
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Looming Port Strike Threatens to Cripple East Coast Supply ChainsLate last week, the CEO of Flexport – one of largest US supply-chain logistics operators – warned that “the biggest wild card in the presidential election that nobody’s talking about? The looming port strike that could shut down all East and Gulf Coast ports just 36 days before the election.” With just over a week to go until D-Day, authorities are gearing up as a threatened strike by dockworkers at ports along the East Coast and Gulf Coast draws closer. The Port Authority of New York and New Jersey is “coordinating with partners across… Read more at: https://oilprice.com/Finance/the-Economy/Looming-Port-Strike-Threatens-to-Cripple-East-Coast-Supply-Chains.html |
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European Natural Gas Prices Rise Amid Cold Snap and Supply WoesEurope’s benchmark natural gas prices rose early on Monday amid continued risks to supply from the Middle East and Ukraine and a colder snap ahead of the winter heating season. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, were rising by 2.35% at $39.20 (35.25 euros) per megawatt-hour (MWh) at 11:34 a.m. in Amsterdam on Monday. Following a weekly decline of 3.4% last week, European gas prices were up on Monday as traders weighed the risks to supply from the conflicts in the Middle East and at the Ukraine-Russia… Read more at: https://oilprice.com/Latest-Energy-News/World-News/European-Natural-Gas-Prices-Rise-Amid-Cold-Snap-and-Supply-Woes.html |
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World’s Top Banks Back Nuclear EnergyMore than a dozen of the largest banks in the world are pledging their support to nuclear power, supporting the goal of the COP28 summit to triple nuclear capacity by 2050, the Financial Times reports. Goldman Sachs, Bank of America, Barclays, BNP Paribas, Citi, Morgan Stanley, Société Générale, Crédit Agricole CIB, Abu Dhabi Commercial Bank, Ares Management, Brookfield, Guggenheim Securities, Rothschild & Co, and Segra Capital Management are set to pledge at a New York event on Monday their support to boosting… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Worlds-Top-Banks-Back-Nuclear-Energy.html |
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U.S. Administration Backs $1-Billion Fund for Small Automakers Investing in EVsThe Biden Administration is backing a $1-billion fund created by asset management firm Monroe Capital LLC to facilitate access to lower-cost capital for small- and medium-sized auto manufacturers planning to invest in transitioning to electric vehicle (EV) manufacturing. The White House has selected Monroe Capital to develop a first-of-its-kind investment strategy focused on supporting businesses operating in the U.S. automotive supply chain, the asset management firm said on Monday. Monroe intends to launch the “Drive Forward Fund LP”… Read more at: https://oilprice.com/Latest-Energy-News/World-News/US-Administration-Backs-1-Billion-Fund-for-Small-Automakers-Investing-in-EVs.html |
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Shell Ready to Shut Gulf of Mexico Platforms Ahead of Tropical DisturbanceShell is preparing to shut in oil and gas production at two of its platforms in the U.S. Gulf of Mexico, days after resuming normal operations at other facilities in the area that were shut in ahead of Hurricane Francine. The supermajor said on Sunday that it is monitoring tropical Disturbance 35 for potential impacts on its assets and operations in the Gulf of Mexico. As a precautionary measure, Shell is preparing to shut in production at the Stones and Appomattox platforms and has begun evacuating non-essential personnel from its assets in the… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Shell-Ready-to-Shut-Gulf-of-Mexico-Platforms-Ahead-of-Tropical-Disturbance.html |
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Southwest Airlines tells staff ‘difficult decisions’ ahead in push to boost profitsSouthwest will provide more detail about its plans to raise profits at an investor day on Sept. 26. Read more at: https://www.cnbc.com/2024/09/23/southwest-airlines-staff-memo-difficult-decisions.html |
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S&P 500 rises to fresh record close Monday as traders aim to extend Fed cut relief rally: Live updatesStocks rose slightly Monday after excitement over last week’s interest rate cut propelled the Dow Jones Industrial Average to a record closing level. Read more at: https://www.cnbc.com/2024/09/22/stock-market-today-live-updates.html |
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GM’s EV sales momentum is finally building as new vehicle lineup fills outTwo back-to-back record months for GM’s EV sales have it within striking distance of Ford through August. Read more at: https://www.cnbc.com/2024/09/23/gm-ev-sales-momentum-building.html |
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Value investor Bill Nygren looking outside of crowded megacap tech, adds cheap financial stockBill Nygren, portfolio manager at Oakmark Funds for 40 years, said he is picking cheap stocks outside the dominant tech sector. Read more at: https://www.cnbc.com/2024/09/23/value-investor-bill-nygren-looking-outside-of-crowded-megacap-tech-adds-cheap-financial-stock.html |
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Retail stocks typically beat the market after Fed cuts rates. Telsey gives top ways to playNumerous retailers and home improvement stocks could outperform over the next year as the Federal Reserve begins its interest rate-cutting cycle. Read more at: https://www.cnbc.com/2024/09/23/retail-stocks-typically-beat-the-market-after-fed-cuts-rates-telsey-gives-top-ways-to-play.html |
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How Foot Locker is waging a comeback after its breakup with NikeFoot Locker, long reliant on Nike for the bulk of it revenue, is winning over other brands as it transforms its sprawling store footprint. Read more at: https://www.cnbc.com/2024/09/23/how-foot-locker-is-waging-a-comeback-after-its-breakup-with-nike.html |
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Harris vows to encourage innovation of digital assets during NYC fundraiser: 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, Rich Rines of Core DAO breaks down the latest price moves for bitcoin and ether, and where crypto markets could be headed by 2025. Read more at: https://www.cnbc.com/video/2024/09/23/harris-encourage-innovation-digital-assets-nyc-fundraiser-crypto-world.html |
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Judge orders would-be Trump assassin Ryan Routh held without bailRyan Routh left a witness a box containing a handwritten note that said, “This was an assassination attempt on Donald Trump but I failed you.” Read more at: https://www.cnbc.com/2024/09/23/would-be-trump-assassin-stalked-ex-president-for-month-prosecutors-say.html |
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FBI stats show murder dropped 11.6%, the largest single year decline in the last 20 yearsMurder dropped 11.6% from 2022 to 2023, the largest single-year decline in the last 20 years. Property crime was also down overall, while motor vehicle theft and shoplifting rose. Read more at: https://www.cnbc.com/2024/09/23/fbi-stats-show-murder-dropped-11point6percent-the-largest-single-year-decline-in-the-last-20-years.html |
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Stocks making the biggest moves midday: Micron, Tesla, Ulta, Intel and moreThese are the stocks posting the largest moves in midday trading. Read more at: https://www.cnbc.com/2024/09/23/stocks-making-the-biggest-moves-midday-mu-tsla-ulta-intc.html |
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Minneapolis Fed President Kashkari sees a slower pace of rate cuts aheadKashkari said Monday that he expects to dial down the pace of interest rate reductions after the central bank eased policy by a half percentage point last week. Read more at: https://www.cnbc.com/2024/09/23/minneapolis-fed-president-kashkari-sees-slower-pace-of-rate-cuts-ahead.html |
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House Speaker Johnson axes Trump voting restrictions in new government funding billCongressional Democrats and Republicans have eight days to strike a funding deal before the government goes into a partial shutdown. Read more at: https://www.cnbc.com/2024/09/22/republican-house-speaker-johnson-trump-government-shutdown-funding-bill.html |
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Levi’s teases Beyoncé collaboration as denim trend takes holdLevi Strauss created fan buzz on Monday after teasing a future collaboration with Beyoncé through a post on Instagram. Read more at: https://www.cnbc.com/2024/09/23/levis-teases-beyonc-collaboration-as-denim-trend-takes-hold.html |
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Israel Denies Connection To Mass Pager Attack In LebanonAuthored by Jack Phillips via The Epoch Times (emphasis ours), The Israeli government had “no connection” to widespread pager attacks that left dozens of people dead and thousands injured in Lebanon, the Israeli president said in a Sunday interview.
“First of all, I reject out of hand any connection to … Read more at: https://www.zerohedge.com/geopolitical/israel-denies-connection-mass-pager-attack-lebanon |
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Barclays & Goldman Analysts Share Tesla Vehicle Delivery Estimates With ClientsTesla shares are up 4% in New York, reaching their highest intra-day levels in months, as Wall Street analysts kicked off the week by updating clients on third-quarter vehicle delivery estimates. Barclays is slightly more optimistic than the consensus, while Goldman’s forecast aligns with the broader market expectations. Barclays analyst Dan Levy expects third-quarter deliveries of about 470k vehicles, exceeding the 461k consensus. In Levy’s view, this possible beat could drive the stock higher. He said the third-quarter volume delivery strength is mainly due to China, while the European market remains weak. He added that the forecast beat would roll positive sentiment into Tesla’s Robotaxi Day on Oct. 10 (already a preview of the taxi?). Tesla is expected to release vehicle delivery figures for the quarter on Oct. 2. In a separate note, Goldman analyst Mark Delaney believes third-quarter deliveries are expected to print around 460k (up 4% QoQ and up 6% YoY). He noted this is approximately in line with the Visible Alpha consensus data. Delaney provided further insight into how his team arrived at the 460,000 estimate:
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The Supreme Crisis Of Chief Justice John RobertsAuthored by Jonathan Turley, Below is my column in The Hill on a growing crisis at the Supreme Court for Chief Justice John Roberts. A new breach of confidentiality shows cultural crisis at the Court. While the earlier leaking of the Dobbs decision could have come from a clerk, much of the recent information could only have originated with a justice.
Here is the column: Chief Justice John Roberts has always been “a man more sinned against than sinning.” That line from Shakespeare’s “King Lear” seems increasingly apt for the head of our highest court. Roberts was installed almost exactly 20 years ago and soon found himself grappling with a series of controversies that have rocked the court as an institution. He is now faced with another monumental scandal, after the … Read more at: https://www.zerohedge.com/political/supreme-crisis-chief-justice-john-roberts |
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Stop Talking About ‘Red Lines’ & Let Ukraine Unleash Missiles On Russia, Denmark Urges NATOWhat is it about tiny European countries becoming among the most outspoken hawks on Russia? The outsized rhetoric and threats against Moscow from small states like Latvia, Lithuania, or Estonia verges on little man syndrome. And now Denmark has joined them. Denmark’s Prime Minister Mette Frederiksen on Monday called on the Western allies to immediately greenlight Kiev’s use of donated missiles for long-range strikes against Russia.
“My suggestion is, let us end the discussion about red lines,” she said in a new televised Bloomberg interview. She called the hesitation over strikes deep into a Russia a “mistake” and that Moscow’s ability to declare this a new red line is “too good a ca … Read more at: https://www.zerohedge.com/geopolitical/stop-talking-about-red-lines-let-ukraine-unleash-missiles-russia-denmark-tells-nato |
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Rachel Reeves says tough choices will be worth itThe chancellor defends winter fuel cuts and promises better days lie ahead in big conference speech. Read more at: https://www.bbc.com/news/articles/cz9pnn0npnyo |
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Chancellor makes switch from pain to gainRachel Reeves abandoned the government’s recent gloomy tone and focused on the future “prize”. Read more at: https://www.bbc.com/news/articles/c5y50z5l1r2o |
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Selfridges boss denies knowledge of Fayed allegationsAndre Maeder says he did not know about Mohamed Al Fayed’s alleged sexual assaults during the six years he worked at Harrods. Read more at: https://www.bbc.com/news/articles/c0e1g2v4nnyo |
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Arkade Developers listing: After a bumper IPO response, GMP signals a strong debut on TuesdayShares of Arkade Developers have been heavily subscribed, over 100 times, and are set to debut on the exchanges on Tuesday. Ahead of the listing, the company’s shares are showing a grey market premium of Rs 63. Based on the upper price band of Rs 128, the stock is expected to list at a strong premium of 49% over the issue price. Read more at: https://economictimes.indiatimes.com/markets/ipos/fpos/arkade-developers-listing-after-a-bumper-ipo-response-gmp-signals-a-strong-debut-on-tuesday/articleshow/113596056.cms |
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Tech view: Nifty nearly at 26k mark, forms bull candle. How to trade on TuesdayNifty formed a bull candle, closing higher by 148 points. The market is heading towards 26250. Immediate support is at 25,750. OI data shows highest call and put open interest at 26,000 and 25,800 strike prices, respectively. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/tech-view-nifty-nearly-at-26k-mark-forms-bull-candle-how-to-trade-on-tuesday/articleshow/113600908.cms |
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Reliance Power board approves preferential issue worth Rs 1,525 croreReliance Power’s board has approved issuing up to 46.20 crore equity shares/warrants worth Rs 1,525 crore via preferential allotment at Rs 33 per share. The proceeds will be used for business expansion, debt reduction, and general corporate purposes. Promoter Reliance Infrastructure will enhance its stake by over Rs 600 crore. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/reliance-power-board-approves-preferential-issue-worth-rs-1525-crore/articleshow/113604435.cms |
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‘We have no health insurance’: My wife died, leaving behind a lot of medical debt. Am I responsible?“Can they take our house?” Read more at: https://www.marketwatch.com/story/we-have-no-health-insurance-my-late-wife-had-no-assets-and-our-home-was-in-both-our-names-am-i-responsible-for-her-medical-debts-9a8d4c77?mod=mw_rss_topstories |
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Oil prices fall after Iran’s president says country is prepared to ease Middle East tensionsOil futures ended lower Monday, giving up earlier gains, after Iran’s president told reporters the country was prepared to ease tensions in the Middle East if Israel takes the same actions. Read more at: https://www.marketwatch.com/story/oil-prices-tick-higher-after-scoring-weekly-gains-on-fed-rate-cut-2db2aa7b?mod=mw_rss_topstories |
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Investors clinging to cash face these two risks as the Fed cuts interest rates, researchers sayResearchers looked at how much $1 million invested in cash versus stocks would have earned over almost 100 years. Read more at: https://www.marketwatch.com/story/investors-clinging-to-cash-face-these-two-risks-as-the-fed-cuts-interest-rates-researchers-say-e59abaf5?mod=mw_rss_topstories |
The remains of exploded pagers on display at an undisclosed location in Beirut’s southern suburbs, Lebanon, on Sept. 18, 2024. AFP via Getty ImagesIn an interview with Sky News, Israeli President Isaac Herzog denied claims made by Iran and the Hezbollah terrorist group that Israel was behind the widespread attacks carried out via exploding pagers and walkie-talkies that left dozens dead and thousands injured.
