A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico, on June 14, 2024.Henry Romero | ReutersHSBC said on Monday that it will recognize a provision of $1.1 billion in its third quarter results following a court ruling in Luxembourg related to the Bernard Madoff investment fraud case.Herald Fund SPC sued HSBC’s Luxembourg unit in 2009, claiming restitution of securities and cash it said were lost in the fraud.The court denied HSBC unit’s appeal in respect of Herald’s securities restitution claim, but accepted the unit’s appeal in respect of the cash restitution…
Author: usaeverydaylife
We had some big wins this week from investing in stocks and managing a portfolio — not speculating, not betting, not risking it all on a wing and a prayer that would make Vegas casino owners green with envy. Honeywell delivered with a terrific quarter in aerospace — and you can, at last, see that its airplane business, with all of its cockpit market share from all the planes, is a fantastic money-maker. Plus, the cash flow from its chemical business is gigantic. Who knew? Even the automation business showed some signs of life. Honeywell this week executes its first…
Traders work on the floor of the New York Stock Exchange. NYSEStock futures rose Sunday evening as investors looked ahead to a widely expected interest rate cut by the Federal Reserve and a raft of Big Tech earnings reports.S&P 500 futures and Nasdaq 100 futures were up roughly 0.7% and 0.9%, respectively. Futures tied to the Dow Jones Industrial Average added 290 points, or 0.6%.Investors expect the Fed to slash rates at its meeting on Oct. 29, particularly after the Bureau of Labor Statistics released cooler-than-expected inflation data last week. Slightly more than 96% of investors expect a deep rate…
Laura Brown and Kristina O’Neill were at the top of their games. They had dream magazine jobs as editors in chief, with Brown at Instyle and O’Neill at WSJ. Magazine.Then they got fired.That’s the term they prefer, by the way. Not part of a restructure, made redundant or laid off.”Same s—canning, different day,” Brown, who was fired from Instyle via Zoom in 2022, tells CNBC Make It. “Here’s an anvil that’s smacked you on the head. And then you take another weight of shame [and] weird verbiage and construct some narrative for yourself that isn’t even true, when everything [feels…
People hold signs during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024.Jason Redmond | AFP | Getty ImagesStriking workers at Boeing Defense in the St. Louis area rejected the company’s latest contract proposal on Sunday, sending a strike that has already delayed delivery of fighter jets and other programs into its 13th week.In a statement after the vote, union leadership said the company had failed to address the needs of the roughly 3,200 members of the International Association of Machinists and Aerospace Workers…
A strong start to the third-quarter earnings season has propelled the stock market back to record highs. Investors are hoping an even busier week of corporate reports — oh, and a Fed meeting — can keep the good times rolling. A wild card: President Donald Trump is in Asia for some high-stakes diplomacy. The S & P 500 ‘s record close Friday, its first since Oct. 8, came despite a lingering government shutdown that has created an economic data vacuum — Friday’s softer-than-expected inflation report notwithstanding — and rekindled trade tensions. While investors will keep an eye on shutdown negotiations…
Signage for Novartis AG at a building in the company’s headquarters campus in Basel, Switzerland, on Monday, Jan. 8, 2023. Bloomberg | Bloomberg | Getty ImagesSwiss pharmaceutical giant Novartis is nearing a deal to buy biotechnology company Avidity Biosciences for more than $70 a share, Bloomberg News reported, citing a person familiar with the matter.A deal could be announced as early as Sunday, the report said.Novartis and Avidity didn’t immediately respond to CNBC’s requests for comment.Avidity specializes in developing an innovative class of ribonucleic acid (RNA) therapeutics called antibody oligonucleotide conjugates. RNA-based therapeutics are a relatively new class of medications that…
Treasury Secretary Scott Bessett said Sunday he, too, has “felt pain” from China refusing to buy U.S.-grown soybeans during a trade conflict with President Donald Trump because “I’m actually a soybean farmer.”Bessent’s comment came during an interview with ABC News’ “This Week,” where he said that trade negotiations with China in the past two days had led to a “substantial framework” that he believed would alleviate American soybean farmers’ concerns about the boycott.Trump is set to meet later this week with Chinese President Xi Jinping in South Korea.Bessent, a former hedge fund executive whose net worth is estimated by Forbes…
One in seven people have never spoken to their relatives about their family’s health history, according to a recent global study from Bupa, a health insurance company. The survey polled 8,000 adults and 169 health professionals from the UK, Australia, Spain and more.Of the respondents, 30% said having a conversation about family health history had never crossed their minds and 20% said their families don’t talk about health openly. “Even though it’s one in seven people, that person is connected to a family who hasn’t had those conversations. So in some ways, it’s kind of like one in seven families,”…
People who consistently achieve their goals have a few key traits in common, according to psychologist Angela Duckworth.Duckworth, a University of Pennsylvania professor and bestselling author, has spent more than 15 years studying the concept of “grit,” or what pushes someone to stay dedicated to — and eventually meet — their long-term goals. Many people with high levels of grit share these four qualities, she said on an October 13 episode of “The Mel Robbins Podcast”:They pursue projects they’re genuinely interested in.They practice the skills they need for those projects diligently and deliberately.They have a strong sense of purpose, meaning…
