EAST LANSING — A pair of firms have made marketing proposals to the East Lansing DDA that officials hope could eventually lead to the sale of several long-vacant properties and new development near downtown. The city’s DDA bought the parcels at 314, 328, 334, 340 and 344 Evergreen Ave. more than 15 years ago for
It’s been a Jekyll and Hyde stock market since the Club’s last Monthly Meeting. The S & P 500 closed at a record on July 16 — the day before our July livestream — and then started to struggle. Stocks whipsawed after July’s weaker-than-expected jobs report on Aug. 2, sending the market plummeting on recession
Gold outlook: The recent Budget’s decision to reduce the import duty on gold from 15% to 6% has left investors in paper gold feeling cheated. The announcement caused domestic gold prices to plummet by more than 8%, from Rs 74,080 to Rs 68,388 per 10 grams. Gold ETFs and sovereign gold bonds, which are linked
A trader works on the floor of the New York Stock Exchange. NYSE U.S. equity futures fell on Sunday evening as investors braced for key inflation data, after almost completely reversing its violent market rout last week. Futures tied to the Dow Jones Industrial Average fell 48 points, or 0.1%. S&P 500 futures dipped 0.08%
AHMEDABAD: Adani Energy Solutions Limited, through its wholly owned subsidiary, Adani Transmission step-two Limited (ATSTL), on Thursday announced it has acquired a 100% stake in the operational assets of Essar Transco Limited at Mahan-Sipat transmission situated in Madhya Pradesh. The acquisition has been completed at an enterprise value of Rs 1,900 crore. The acquisition will
NEW DELHI: India has witnessed the fastest growth in intangible investments over a nine-year period (2011-2020), surpassing major economies like the US, France, Germany & the UK, indicating high level of value creation by companies.In terms of absolute levels of intangible investments for 2020 (latest year for which data is available), India ranks 14th among
Investors may want to consider bonds to help navigate the market’s recent volatility. Joanna Gallegos, BondBloxx co-founder and CEO, recommends prioritizing income and high-yield bonds. “It can be really important to start looking at fixed income as you start to diversify and manage more risk,” she told CNBC’s “ETF Edge” on Monday. Gallegos also suggests
‘Consumers are very cost conscious,’ says Barclays’ head of retail Karen Johnson, head of retail at Barclays, discusses the lender’s latest consumer spending report and the impact of seasonal weather and events on spending patterns. ‘We have to strap ourselves in for a bit of volatility,’ portfolio manager says The coming weeks are expected to
Get out of cash — that’s what many on Wall Street have been saying since expectations of rate cuts started rising earlier this year. They’re now doubling down on that call, with the U.S. Federal Reserve signaling that it would finally cut rates in September. That would make cash rates less attractive than other parts
Gold and Silver rate today (Aug 5, 2024): Domestic precious metal futures on Monday edged higher amid weak US employment data that sent bond yields and the dollar tumbling. At the last count, MCX gold futures (Oct 4) were up Rs 403 or 0.58 per cent at Rs 70,192 per 10 gm. Meanwhile, MCX Silver futures (Sept 5) were up 0.74 per cent or Rs 607 at Rs