US stocks trimmed losses on Thursday, finishing mixed after President Trump’s sweeping tariffs hit dozens of US trade partners. Meanwhile, Trump also previewed coming chip tariffs, suggesting a carveout that could benefit Big Tech companies. The tech-heavy Nasdaq Composite (^IXIC) rose nearly 0.4% to close at a fresh record, while the S&P 500 (^GSPC) ended little changed. The Dow Jones Industrial Average (^DJI) slipped 0.5%. Stocks trimmed losses after Trump nominated Stephen Miran, the current chairman of the Council of Economic Advisors, to serve on the Federal Reserve Board of Governors until Jan. 31, 2026, following Adriana Kugler’s resignation. Meanwhile,…
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Key Takeaways The price of gold has returned to near all-time highs this week after dipping in late July.Gold has surged since the release last Friday of U.S. employment data that showed the labor market is considerably weaker than previously estimated. Expectations that the Federal Reserve will cut interest rates in September have risen considerably following the July jobs report, helping to underpin demand for the precious metal. Uncertainty about the direction of the U.S. economy again has catapulted the price of gold to near all-time highs. Increasing expectations that the Federal Reserve will cut interest rates in September may…
Bangkok, Thailand – A surge in rare earth mining in rebel-held pockets of Myanmar supplying Chinese processing plants is being blamed for toxic levels of heavy metals in Thai waterways, including the Mekong River.China dominates the global refining of rare earth metals – key inputs in everything from wind turbines to advanced missile systems – but imports much of its raw material from neighbouring Myanmar, where the mines have been blamed for poisoning local communities.Recent satellite images and water sample testing suggest the mines are spreading, along with the environmental damage they cause.“Since the mining operation started, there is no…
NEW YORK (AP) — Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments, according to an executive order signed Thursday by President Donald Trump that could give those financial players long-sought access to a pool of funds worth trillions. There is no immediate change in how people invest part of their work earnings. Federal agencies would need to rewrite rules and regulations to allow the expanded choices, and that would take months or more to complete. But once done, employers could offer a broader array…
Howden has further strengthened its foothold in the carbon credit insurance market as the intermediary has been appointed by Verra to evaluate insurance offerings against the registry’s eligibility criteria for carbon credits intended for the Carbon Offset Reduction Scheme for International Aviation (CORSIA). Source link
Background screening provider First Advantage (NASDAQ:FA) reported Q2 CY2025 results exceeding the market’s revenue expectations , with sales up 112% year on year to $390.6 million. The company’s full-year revenue guidance of $1.55 billion at the midpoint came in 1.5% above analysts’ estimates. Its non-GAAP profit of $0.27 per share was 13.8% above analysts’ consensus estimates. Is now the time to buy First Advantage? Find out in our full research report. Revenue: $390.6 million vs analyst estimates of $380.2 million (112% year-on-year growth, 2.7% beat) Adjusted EPS: $0.27 vs analyst estimates of $0.24 (13.8% beat) Adjusted EBITDA: $113.9 million vs…
Mortgage rates are finally dropping.The U.S. weekly average for a 30-year fixed-rate mortgage fell to 6.63% Thursday, the Federal Home Loan Mortgage Corporation, better known as Freddie Mac, reported. That’s down 0.09 percentage points from the week ending July 31, and the lowest rate since April.And Mortgage News Daily posted a 6.55% rate for Thursday for the same type of home loan, a 0.02-percentage-point decline from Wednesday’s daily index. A week ago, the site had mortgage rates at 6.75%.So are home loans going to keep getting cheaper?Maybe, says Zions Bank Mortgage Manager Jeremy Holmgren.For now, the dip is a “temporary…
British multinational bank Standard Chartered has entered into a five-year agreement with the Brazilian State of Acre to bring high-integrity forest protection carbon credits to market, aiming to support conservation efforts in the Amazon rainforest.Under the agreement, Standard Chartered will act as the exclusive seller of jurisdictional forest carbon credits, with up to 5 million credits expected to be issued in 2026, according to a company statement on Thursday.Unlike project-based credits, jurisdictional credits are overseen by government entities and apply across an entire state or region, enhancing their environmental credibility.The credits will be registered on the Architecture for REDD+ Transactions…
Crux InvestorThe Technology Helping Breaking China’s Stranglehold on Critical Mineral ProcessingUcore Rare Metals challenges China’s rare earth processing dominance with innovative technology, $18.4M DoD backing, and 2026 Louisiana production start..3 days ago Source link
US stocks trimmed losses on Thursday, finishing mixed after President Trump’s sweeping tariffs hit dozens of US trade partners. Meanwhile, Trump also previewed coming chip tariffs, suggesting a carveout that could benefit Big Tech companies. The tech-heavy Nasdaq Composite (^IXIC) rose nearly 0.4% to close at a fresh record, while the S&P 500 (^GSPC) ended little changed. The Dow Jones Industrial Average (^DJI) slipped 0.5%. Stocks trimmed losses after Trump nominated Stephen Miran, the current chairman of the Council of Economic Advisors, to serve on the Federal Reserve Board of Governors until Jan. 31, 2026, following Adriana Kugler’s resignation. Meanwhile,…