The rocky start to October trading has left Wall Street wondering what can boost stocks in the near-term. The three major averages eked out modest gains after a wobbly week. The Dow Jones Industrial Average and Nasdaq Composite each added 0.1% on the week, while the S & P 500 rose 0.2%. Stocks struggled this week as rising tensions in the Middle East set off the strongest rally in oil prices since March 2023. But equities rallied on Friday following the strong jobs report , erasing the significant losses the three major averages were tracking for heading into the session.…
Author: usaeverydaylife
Jakob Stausholm, chief executive officer of Rio Tinto Ltd., during a Bloomberg Television interview in New York, US, on Thursday, Sept. 26, 2024. Victor J. Blue | Bloomberg | Getty ImagesRio Tinto has been holding talks to buy lithium miner Arcadium, three sources with direct knowledge of the negotiations said, a deal that would make Rio the third-largest producer of the electric vehicle battery metal.Talks have been ongoing and continued in London this week during the LME Week conference, one of the sources said. An offer is expected to come in the near future, according to the second source. Talks are ongoing and…
Time is on my side, yes it is…Time is on my side, yes it is…ORLANDO, Fla. — Mike Krzyzewski, as ever, didn’t mince words.“When I was at Duke, I was 18,” Paolo Banchero said Tuesday. “And I remember Coach K would just be on me, all the time, (about) using my voice, as being the best player and the guy on the team, you’ve got to speak up. You can’t be quiet. You can’t ever be quiet. Because at the end of the day, I’m a high-IQ player, I see the game really well. If I’m not out there talking…
Transportation Secretary Pete Buttigieg spoke directly to Elon Musk Friday on the billionaire’s X platform, part of an effort to counter false conspiracies about federal disaster aid for victims of Hurricane Helene that Musk spread on X, where his follower count stands over 200 million.”No one is shutting down the airspace and FAA doesn’t block legitimate rescue and recovery flights,” wrote Buttigieg. “If you’re encountering a problem give me a call.”Buttigieg was replying to a post from Musk that falsely claimed the Federal Aviation Administration was shutting down airspace in the disaster zone and “throttling” flights transporting supplies.An FAA spokesperson…
Stocks that rode the China stimulus wave higher this week could soon be due for a decline. Last week, the People’s Bank of China unveiled a slate of support measures , including cutting the amount of cash banks need to hold, in an effort to bolster the country’s weakening economy. China stocks have been on an upward tear since then, with the mainland’s CSI 300 index rallying over 25% to rise nine days in a row. The index surged more than 8% on Monday alone, notching its best one-day performance in 16 years. U.S. stocks that are tied to China…
Dockworkers strike in a picket line outside of the Port of Houston Authority on October 01, 2024 in Houston, Texas. The strike, affecting 36 ports, marked a historic event and was the first by the union since 1977. While the International Longshoreman’s Association and the United States Maritime Alliance reached agreement on better wages, automation is still being negotiated. (Photo by Brandon Bell/Getty Images)Brandon Bell | Getty Images News | Getty ImagesThe tentative agreement to suspend the International Longshoremen’s Association strike may have consumers and businesses breathing a sigh of relief. Still, the deal is far from done, according to…
A Spirit commercial airliner prepares to land at San Diego International Airport in San Diego, California, U.S., January 18, 2024. Mike Blake | ReutersSpirit Airlines shares tumbled to a record low on Friday after a report that it’s exploring Chapter 11 bankruptcy protection. The carrier faces a deadline this month to renegotiate more than $1 billion in debt.A bankruptcy filing would mark a dramatic turn for the carrier with its iconic yellow planes that caters to budget-conscious travelers. Profitable and punctual before the pandemic, Spirit’s no-frills service became a punchline for late-night comedians and a thorn in the side of big…
Of course this was going to happen. It’s only a wonder it hasn’t happened sooner.College football is a sport where more than three years after players were finally allowed to monetize their name, image and likeness, there are still no clear guidelines governing the marketplace.There is no governing body with real teeth to enforce what little rules there are for either side of a contract, and if anyone tries, an offended party can hire a lawyer, go to court and add another chapter to the NCAA’s long line of failures in convincing a judge that its business model is fair.Last…
U.S. crude oil on Friday posted its biggest weekly gain in more than a year, as traders fear Israel could strike Iran’s crude facilities in retaliation for Tehran’s ballistic missile attack.U.S benchmark West Texas Intermediate surged 9.09% this week for the biggest weekly gain since March 2023. Global benchmark Brent jumped 8.43% for the biggest weekly advance since January 2023. U.S. crude oil spiked about 5% on Thursday after President Joe Biden indicated the White House was discussing an Israeli strike on Iran’s oil industry. Biden clarified those comments on Friday, discouraging Israel from targeting oil fields. “The Israelis have…
October is off to a rocky start, but a strong period of seasonality is only just beginning – particularly for select dividend-paying stocks, Bespoke Investment Group found. “Entering October is the strongest period of the year for three-month returns, and shorter-term returns are also some of the best,” the firm said in a report earlier this week. Dividend-paying stocks have been especially strong when it comes to fourth-quarter returns over the past 10 years, Bespoke found. The firm made a list of 30 dividend-paying S & P 500 stocks, averaging a fourth-quarter gain of more than 11.5% over the past…
