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[ad_1] US stocks slipped Tuesday, closing 2024 with an uncharacteristic down note after a roaring year of trading. The S&P 500 (^GSPC) fell 0.4%. The Dow Jones Industrial Average (^DJI) dropped just below the flatline, while the tech-heavy Nasdaq Composite (^IXIC) led the losses at 0.9%. Despite the sour final stretch, the benchmark S&P 500 closed 2024 up 23%, according to Yahoo Finance data. The tech-heavy Nasdaq Composite gained almost 30%. The Dow Jones Industrial Average posted a more modest 13% win. The S&P’s annual gain roughly matches 2023’s performance, logging the highest consecutive back-to-back annual gain in nearly 30…

[ad_1] Russell Alan J, the Chief Scientific Officer of Edgewise Therapeutics, Inc. (NASDAQ:EWTX), recently executed a significant stock sale. On December 30, 2024, Russell sold 100,000 shares of common stock, generating approximately $2.74 million. The shares were sold at an average price of $27.37, with transactions occurring within a price range of $20.00 to $27.90. The transaction comes as EWTX shares have surged 147% over the past year, with the company maintaining a strong balance sheet featuring a current ratio of 26.35. This transaction was part of a pre-established trading plan under Rule 10b5-1, which Russell adopted on September 30,…

[ad_1] The Federal Reserve’s interest rate cut forecast may not be as generous as fixed income investors had hoped, but the tax-exempt municipal bond space will continue to offer a solid deal in the new year. The central bank has dialed back interest rates three times in 2024, but policymakers only see two more reductions in the new year. That’s down from four they had predicted in September. “There’s a lot of uncertainty out there on the path for rates going forward,” said Paul Malloy, head of U.S. municipals at Vanguard. “When I think about that, what’s the best asset…

[ad_1] Anang K. Majmudar, the Senior Vice-President of General American Investors Co Inc (NYSE:GAM), recently acquired 427 shares of the company’s 5.95% Preferred Stock. The transaction, dated December 31, 2024, was executed at a price of $24.92 per share, totaling approximately $10,640. The company, currently valued at $1.19 billion, maintains an impressive dividend track record spanning 53 consecutive years, with a current yield of 8.78%. Following this purchase, Majmudar holds 5,400 shares in joint tenancy with his spouse. Additionally, he indirectly owns 24,931 shares through the company’s Employees’ Thrift Plan Trust, although he disclaims any beneficial interest in these shares.…

[ad_1] PTC Web Desk:  As 2025 approaches, significant changes in financial regulations are set to impact people and businesses alike. Staying informed about these updates is vital for effective financial planning and management in the coming year. From higher transaction limits for UPI 123Pay to revised rules on fixed deposits and tax filing updates, here are the major personal finance changes to keep on your radar. UPI 123Pay transaction limit increased The National Payments Corporation of India (NPCI) has raised the transaction limit for UPI 123Pay from Rs 5,000 to Rs 10,000, offering greater flexibility for feature phone users. In a…

[ad_1] TAMPA, Fla.–(BUSINESS WIRE)–AtlasClear Holdings, Inc. (AtlasClear Holdings or the Company) (NYSE: ATCH) is excited to announce it has secured an agreement from Hanire LLC (Hanire) to invest up to $45 million into the Company, through a combination of equity and convertible debt in a milestone based series of tranches, with the first tranche of $5 million expected in January 2025, subject to satisfaction of closing conditions. We are very excited about this partnership and the investment being made into AtlasClear Holdings by Hanire. This is the culmination of a relationship between Management of the Company and the Principals of…

[ad_1] Michael Houghton, a director at Assembly Biosciences, Inc. (NASDAQ:), recently acquired 3,202 shares of the company’s common stock. The purchase, made on December 30, 2024, was executed at a weighted average price of $15.6145 per share, with transaction prices ranging from $15.54 to $15.70. This acquisition amounts to a total investment of approximately $49,997. Following this transaction, Houghton now holds 3,202 shares, owned indirectly through an Individual Retirement Account (IRA). According to InvestingPro analysis, ASMB appears undervalued at current levels, with additional insights available through their comprehensive analysis tools. The company notably holds more cash than debt on its…

[ad_1] After two consecutive years of more than 20% gains for the S&P 500 (^GSPC) — an achievement not seen since the late 1990s — Wall Street strategists foresee a slower pace of gains for the benchmark index in 2025. With strong earnings expected from a widespread array of companies in 2025 and US economic growth anticipated to remain resilient, the fundamental story for further market increases remains intact for 2025. But strategists have warned about a more volatile year for stocks as uncertainty surrounding Federal Reserve rate cuts and a new Donald Trump administration loom ahead. “Bull markets can,…

[ad_1] America’s oldest horse racetrack is closing after running its last race on the final weekend of 2024. Freehold Raceway in New Jersey, co-owned by Penn Entertainment, tried for decades to land a casino but failed. Like many tracks around the nation, it grappled with declining attendance and revenue. It had been operating for more than 170 years.”Unfortunately, the operations of the racetrack cannot continue under existing conditions, and we do not see a plausible way forward,” said Howard Bruno, the racetrack’s general manager, in a news release announcing the closure.But industry insiders, investors and other enthusiasts believe horse racing in the…

[ad_1] Robert I. Kauffman, a director at Hagerty, Inc. (NYSE:HGTY), a $3.26 billion market cap insurance company with 21% revenue growth over the last twelve months, recently sold shares of the company’s Class A common stock, according to a filing with the Securities and Exchange Commission. The transactions, executed under a pre-arranged trading plan, took place over three days at the end of December. According to InvestingPro analysis, the stock’s RSI suggests oversold conditions, making this insider activity particularly noteworthy. On December 27, Kauffman sold 3,519 shares at a weighted average price of $9.83. This was followed by another sale…