Month: November 2023
Oil kingpin Saudi Arabia extends its output lower into first quarter as OPEC+ holds plan
The symbol of the Business of the Petroleum Exporting Nations around the world (OPEC) in Vienna, Austria, on Thursday, July 6, 2023. Bloomberg | Bloomberg | Getty Illustrations or photos The influential Firm of the Petroleum Exporting Nations around the world coalition and its allies, collectively acknowledged as OPEC+, on Thursday opted versus formally deepening […]
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November’s rally has established the 60/40 portfolio on observe for its very best month considering the fact that 2020
Traders who held a balanced portfolio and just let it experience by November are about to be handsomely rewarded: The 60/40 portfolio is cruising to its greatest month in a few yrs. The iShares Core Development Allocation ETF (AOR) , which allots 60% of property to equities and 40% to fastened income, has rallied 6.9% […]
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‘The great wealth transfer’ is here: Billionaires set to give trillions to their kids
In recent months, the world’s new billionaires made more of their fortunes from inheritance than from entrepreneurship, according to the UBS Billionaire Ambitions Report. It marked the first time in the nine-year history of the report that newly minted billionaires accumulated more wealth from inheritance than starting a business. Fifty-three heirs inherited a total of […]
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Biotech stocks jump on AbbVie deal to buy cancer drugmaker ImmunoGen for $10 billion
Test tubes are seen in front of a displayed Abbvie logo in this illustration taken, May 21, 2021. Dado Ruvic | Reuters Biotech stocks rose Thursday as AbbVie announced plans to buy cancer drug developer ImmunoGen for $10.1 billion. Shares of ImmunoGen jumped more than 80% on Thursday, putting it on track for its highest […]
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Brazil set to join the influential OPEC+ oil producers’ alliance
On Sept. 27, 2023, the President of Brazil, Luiz Inacio Lula da Silva, will just take element in a ceremony at the Planalto Palace to indication the concession contracts resulting from the 1st Transmission Auction of 2023. Nurphoto | Nurphoto | Getty Images Brazil will join the influential OPEC+ oil coalition that unites some of […]
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Disney CEO Bob Iger admits company’s movies have been too focused on messaging
NYT Columnist Andrew Ross Sorkin and C.E.O. of The Walt Disney Company Bob Iger speak during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty Images Disney Chief Executive Officer Bob Iger said Wednesday he will no longer tolerate his company’s partners and creative […]
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Nashville’s real estate boom has builders scrambling and residents facing sky-high prices
Detached houses on a large housing development on the western side of Nashville, Tennessee. Georgeclerk | Istock | Getty Images Nashville natives say they barely recognize the city’s skyline anymore, and they probably won’t anytime soon, as cranes still litter the picture. The Nashville building boom is in full effect despite higher interest rates, higher […]
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Jim Cramer blasts the prospect of a Humana-Cigna deal — it could never be approved by regulators
Jim Cramer urged Humana (HUM) not to pursue a merger with rival health insurer Cigna (CI), questioning the merits of a potential business combination and the likelihood of it passing U.S. antitrust review. Cigna and Humana could reach an agreement on a stock-and-cash transaction by the end of the year, The Wall Street Journal reported […]
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Google could delete your outdated Gmail account as quickly as Friday
The Gmail software is observed on a portable device on Dec. 6, 2017. NurPhoto | NurPhoto | Getty Images Google will get started deleting inactive Gmail accounts as shortly as Friday beneath a new stability policy. If you have a Google account that you have not utilised in a though, here’s what to know to […]
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Pending home sales drop to a record low, even worse than during the financial crisis
Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since the National Association of Realtors began tracking this metric in 2001, meaning it’s even worse than readings during the financial crisis over a decade ago. Sales were down 8.5% from October of […]
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