Brazil's real has strengthened after Finance Minister Fernando Haddad emphasized the government's commitment to fiscal responsibility. This comes as markets remain wary of increased public spending. Investors are reassured by the government’s stance, helping to bolster the currency.
The Group of Twenty’s finance ministers and central bankers believe the world economy may achieve a "soft landing." However, they cautioned about increasing risks that could impact economic stability.
Ingram Micro Holding Corp. shares soared 12% on their first trading day after the technology firm and its investor, Platinum Equity, secured $409 million in an initial public offering, which was priced within the expected range.
J. Dennis Jean-Jacques, Founder and CIO of Ocean Park Investments, stated that industrial stocks have outperformed FAANG stocks over the past five years. He believes this trend will continue in the next five years. He shared his insights in an interview with Bloomberg's Romaine Bostick and Scarlet Fu on "The Close."
Russian oil-product exports are expected to reach their lowest levels in at least eight years this month. This drop is largely due to a significant decline in refining activity across the country.
Rogers Communications, Canada’s largest wireless provider, announced it's nearing a C$7 billion, or $5.1 billion, structured equity investment. This funding aims to finance portions of its network and help reduce its debt load.
Emerging-market currencies bounced back on Thursday, ending a three-day decline. The MSCI index rose by 0.2% as the rally of the dollar showed signs of weakening.
This week saw a sharp selloff in Treasuries, but on Thursday, the trend slowed down. Despite the pause, many bond yields remain close to their highest levels since July.
Hobby Works President Michael Brey acknowledges that customers are frustrated with rising prices. To address this, he's increasing stock of more affordable products at his stores in Rockville and Laurel, Maryland. The days of passing on price hikes for items like train sets, remote-controlled cars, and drones are behind him.
In 2024, asset managers in Europe and the US are winding down hundreds of ESG funds. This move comes as the investment strategy faces increasing regulatory challenges, making it tougher for these funds to operate effectively.
