November 7, 2024
Financial Assets

Stock market news Aug. 26, 2024

Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 23, 2024. Angela Weiss | AFP | Getty Images The Dow Jones Industrial Average closed at a record high on Monday as investors tried to move on from a steep sell-off earlier this month. The 30-stock index closed up

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Financial Assets

Treasury yields in focus as investors await inflation data

The U.S. 10-year Treasury dipped on Wednesday as investors awaited a key U.S. inflation report due later in the week. At 5:00 a.m. ET, the yield on the 10-year Treasury slipped under a basis point to 3.8273%, while the yield on the 2-year Treasury was flat at 3.865%. Yields and prices move in opposite directions.

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Financial Assets

5 things to know before the stock market opens Tuesday, August 27

Here are five key things investors need to know to start the trading day: 1. Dow highs The Dow Jones Industrial Average hit a new intraday record and closed at a record high on Monday. The 30-stock index closed up 65.44 points, or 0.16%, after rallying more than 200 points earlier in the day. The S&P 500 and the Nasdaq

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Financial Assets

No plans to revive pandemic-era guaranteed loan scheme for SMEs: Hong Kong commerce chief

“The scheme was introduced in Hong Kong during the pandemic when the economy was almost ground to a halt because of the closing of borders. It was a special measure to help SMEs,” Yau told a radio programme. “As the economy gradually recovers, it’s a heavy burden on the government if we maintain a 100

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Operating Assets

China’s tech hub Shenzhen prime for property tax trial at ‘critical moment’: top adviser

China should consider expanding its property tax trial to Shenzhen and some low-tier cities, said a senior government adviser, a move that would pave the way for the much-delayed legislation and nationwide implementation and also bring a new source of revenue for debt-ridden local governments. Shenzhen, which is home to tech giants such as Huawei,

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Financial Assets

Stock futures inch up with all eyes on Powell’s key Jackson Hole speech: Live updates

Traders on the floor of the New York Stock Exchange on Aug. 4, 2022. Source: NYSE Stock futures rose slightly in overnight trading Thursday as traders await an all-important policy speech from Fed Chair Jerome Powell for any guidance on future rate cuts. Futures on the Dow Jones Industrial Average gained 47 points. S&P 500

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Financial Assets

As CI Financial tops $500-billion in assets, investors’ worries ease

Open this photo in gallery: CI began its flurry of U.S. acquisitions at the end of 2019, when chief executive officer Kurt MacAlpine revealed a new strategy to build a U.S. wealth management company.Tijana Martin/The Globe and Mail After CI Financial Corp. CIX-T for the first time surpassed $500-billion in assets under management in its

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Financial Assets

Stocks are little changed as S&P 500 heads for big winning week

U.S. stocks hovered near the flatline Friday morning as investors looked toward the end of a week that has ushered in a recovery rally, with all three major indexes on pace to end the five-day stretch with gains. The S&P 500 ticked down 0.03%, while the Nasdaq Composite advanced 0.01%. The Dow Jones Industrial Average

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Gold Investing

Gold ticks up, traders eye US retail sales data

Gold bullion bars are seen for sale at Manfra, Tordella and Brookes, Inc. January 9, 2003 in New York City. Mario Tama | Getty Images Gold prices inched up on Thursday after a 1% decline in the previous session following inflation data that dampened hopes for a larger September U.S. rate cut, while the focus

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