Day: November 17, 2024
Asia markets poised to open mixed as investors await China LPR, Japan inflation data this week
View of the central business district skyline at sunset in Beijing, China. Sheng Peng | Visual China Group | Getty Images Asia-Pacific stocks were set to open mixed Monday as markets kickstart what ING calls a “quiet” week for economic data from the region. Key data this week from the region will include China’s loan […]
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Morningstar names cheap stocks in a sector that ‘deserves a place in everybody’s portfolio’
Top Morningstar strategist David Sekera says there’s one sector that “deserves a place in everybody’s portfolio” right now — the energy sector. Speaking to CNBC’s “Street Signs Asia” last week, the firm’s U.S. markets strategist said the energy sector was trading at a 5% discount and is set to “do well, especially if we get […]
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These 2 active ETFs have outperformed the S&P 500 this year, last year and over 5 years
The stock market is about to do something unusual: go up by more than 20% for the second year in a row. The S & P 500 has risen 24.73% so far this year, up fractionally more than last year’s 24.23%, according to FactSet data. It’ll be only the third time there have been back-to-back […]
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How a viral, duct-taped banana came to be worth $1 million
Walk into any supermarket and you can generally buy a banana for less than $1. But a banana duct-taped to a wall? That might sell for more than $1 million at an upcoming auction at Sotheby’s in New York. The yellow banana fixed to the white wall with silver duct tape is a work entitled […]
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Biden allows Ukraine to use U.S. arms to strike inside Russia
U.S. President Joe Biden embraces Ukraine’s President Volodymyr Zelenskyy as they visit the Wall of Remembrance to pay tribute to killed Ukrainian soldiers, amid Russia’s attack on Ukraine, in Kyiv, Ukraine February 20, 2023. Ukrainian Presidential Press Service | Via Reuters President Joe Biden’s administration will allow Ukraine to use U.S.-provided weapons to strike deep […]
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European SpaceX rival raises $160 million for reusable capsule to carry astronauts, cargo to space
The Space Exploration develops a product called Nyx, a reusable capsule that can be launched from rockets into space carrying passengers and cargo. The Exploration Company (TEC) announced Monday it has raised $160 million to fuel development of its capsule that is designed to take astronauts and cargo to space stations. Venture capital firms Balderton […]
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House Speaker Johnson calls ethics report on Matt Gaetz a ‘rough draft’ and says it shouldn’t be released
U.S. House Speaker Mike Johnson (R-LA) speaks to reporters as House Republican leaders hold a press conference at the U.S. Capitol House in Washington, U.S., November 12, 2024. Nathan Howard | Reuters House Speaker Mike Johnson said Sunday that House Ethics Committee’s probe into Matt Gaetz, President-elect Donald Trump’s pick for U.S. attorney general, is a “Pandora’s box” […]
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Latest typhoon lashes the Philippines, causing tidal surges and displacing massive numbers of people
Trees and a building are damaged in the aftermath of Super Typhoon Man-Yi, in Catanduanes province, Philippines, on Nov. 17, 2024. Philippine Red Cross | Via Reuters A powerful typhoon wrecked houses, caused towering tidal surges and forced hundreds of thousands of people to flee to emergency shelters as it cut across the northern Philippines […]
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Workplace flexibility is helping Americans take longer trips this holiday season, report finds
Baona | E+ | Getty Images Americans are determined to travel this holiday season — and certain workarounds are helping them take those trips. The ability to work remotely is a major leg up when planning out itineraries. About 49% of employed travelers are “laptop luggers” — those who plan to work at some point […]
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Restaurant executives can’t wait for 2025 after slow traffic and wave of bankruptcies
A McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris | Bloomberg | Getty Images After a tough year for the restaurant industry, executives can’t wait for 2025 to start. “I don’t know about you guys, but I’m ready for ’24 to be behind us, and I think ’25 is going […]
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