On Friday, Moody’s Investors Services slice its rankings outlook on the U.S. government. Investors, focused on the 7 days forward, are now shrugging that off.
Resource
CNBC Day-to-day Open: The Moody’s downgrade was a non-occasion
World
Paint maker Akzo Nobel to acquire Axalta Coating in $25 billion deal
Dulux paint maker AkzoNobel said on Tuesday that it plans to acquire paintmaker Axalta Coating Systems in a deal that will create a combined company with an enterprise value of $25 billion. AkzoNobel shareholders are expected to own 55% of the new group and Axalta investors 45%, initially dual-listed in Amsterdam and New York before […]
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World
European markets set to slump at the open as AI worries return
European bourses are expected to open lower on Tuesday as global markets pull back on renewed concerns over AI-linked stocks. Source
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World
The rich are ‘renting’ out their idle gold bars for income as prices remain at historic highs
Gold prices have been smashing new records this year, and a growing cadre of wealthy investors and family offices are no longer content to let their gold bars sit idle in vaults. They are leasing their bullion to refiners, jewelers, and fabricators for interest, defying gold’s reputation as a non-yielding asset. “We’ve got a whole […]
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