[ad_1] Summary The year 2024 was another great one for the stock market, although many stocks, industries, sectors, and indices limped into the finish. The mega-cap indices stole the show again, with the S&P 100 and Nasdaq leading, jumping 29%. The Nasdaq 100 added 25% and the S&P 500 popped 23%. After that, gains were muted, with the NYSE Composite and DJIA rising 13%, the S&P 400 up 12%, the Russell 2000 and the S&P 500 Equal Weight up 11%, and the S&P Small Cap 600 up 7%. Sector leadership was provided by Communication Services, spiking 35% due to trillion-dollar…
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[ad_1] New York, New York–(Newsfile Corp. – January 2, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Customers Bancorp, Inc. (NYSE: NYSE:) between March 1, 2024 and August 8, 2024, both dates inclusive (the “Class Period”), of the January 31, 2025 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased Customers Bancorp securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To…
[ad_1] Looking for broad exposure to the Technology – Semiconductors segment of the equity market? You should consider the First Trust NASDAQ Semiconductor ETF (FTXL), a passively managed exchange traded fund launched on 09/20/2016. While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency. Additionally, sector ETFs offer convenient ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Technology – Semiconductors is one of the 16 broad Zacks sectors within the Zacks…
[ad_1] BEIJING (Reuters) -China’s central bank said it was likely it would cut interest rates from the current level of 1.5% “at an appropriate time” in 2025, the Financial Times reported on Friday citing comments the bank made to the newspaper. The People’s Bank of China said that it would prioritise “the role of interest rate adjustments” and move away from “quantitative objectives” for loan growth, as it embarks on a programme of interest rate reform that government advisors have called “an arduous task.” China’s main rate is its seven-day reverse repo rate, which it last cut from 1.7% to…
[ad_1] Oman to set up ‘Net Zero Centre’ to meet 2050 targets Oman will set up a “Net Zero Centre” to support its aim of reaching zero neutrality by 2050. The centre will develop updated strategies, monitor the implementation of zero neutrality projects, including energy efficiency projects, and provide technical support to government and private agencies. Minister of Energy and Minerals Salim Nasser Al Aufi, said : The centre will take over the task of supervising and following up on zero neutrality plans and programmes, The centre will play a crucial role in expediting the implementation of net-zero initiatives and…
[ad_1] NZD/USD trades on a negative note near 0.5590 in Friday’s early Asian session. US weekly Initial Jobless Claims dropped to 211K vs. 222K expected. Trump’s tariffs and concerns about recovery in China’s economy undermine the China-proxy Kiwi. The NZD/USD pair remains on the defensive around 0.5590 during the early Asian session on Friday, pressured by the firmer Greenback. Investors brace for the release of the US December ISM Manufacturing Purchasing Managers Index (PMI), which is due later on Friday. Meanwhile, the US Dollar Index (DXY), a measure of the US Dollar’s value relative to its most significant trading partners’ currencies,…
[ad_1] In a recent transaction involving Vor Biopharma Inc. (NASDAQ:VOR), notable investor Reid Hoffman, through Reprogrammed Interchange LLC, acquired a substantial number of shares. The purchase, dated December 30, 2024, involved 38,974,101 shares of common stock. Additionally, Hoffman acquired warrants for 48,717,626 shares, exercisable at a price of $0.838 per share, with each share of stock purchased accompanied by a warrant to buy 1.25 shares. The timing is notable, as InvestingPro data shows the stock has delivered strong returns over the past three months, despite an 11.8% decline in the past week. The acquisition was made at a combined purchase…
[ad_1] SAN FRANCISCO—EcoR1 Capital, LLC, under the leadership of Oleg Nodelman, has recently increased its stake in AnaptysBio, Inc. (NASDAQ:) by purchasing additional shares valued at approximately $1.1 million. The transactions took place over three days, from December 30, 2024, to January 2, 2025. The timing is notable as AnaptysBio, currently valued at $403 million, trades near its 52-week low after declining 38% over the past year. The purchases involved a total of 84,098 shares of common stock, acquired at prices ranging from $12.9182 to $12.9506 per share. These acquisitions were made by EcoR1 Capital Fund Qualified L.P., a private…
[ad_1] OMAHA—In a recent series of transactions, significant insider purchases were reported for RE/MAX Holdings, Inc. (NYSE:RMAX), involving key stakeholders affiliated with Magnolia Capital Fund, LP. The transactions, detailed in a filing with the Securities and Exchange Commission, show that Adam K. Peterson and associated entities acquired a total of 28,636 shares of RE/MAX common stock. According to InvestingPro data, these purchases come as the stock trades at attractive valuation multiples, with the company’s market capitalization currently standing at $325 million. The purchases were executed in two tranches. On December 30, 2024, 13,636 shares were bought at a weighted-average price…
[ad_1] Do you have a big international trip on the horizon? Before you go, consider converting some of your money into your destination’s local currency before you leave. Airport exchange rates are often unfavorable, and you might need cash to take a cab or grab a bite to eat when you arrive. Getting foreign currency in advance can also help you avoid scams targeting tourists. Regardless of the destination, carrying some of that country’s currency can help you be prepared and protect you against scams. Follow this step-by-step guide so you’re ready when the big day arrives. This embedded content…