[ad_1] At first glance, the FTSE 100‘s had a so-so 2024. It’s up nearly 5% year to date, as I write. However, that doesn’t tell the whole story. Include dividends and the blue-chip index’s total return is more like 8.25%. Admittedly, some might not see that as particularly impressive, especially when the S&P 500 has returned over 25% with dividends. Meanwhile, the tech-packed Nasdaq is up 30% year to date without dividends! But for the FTSE 100, which is almost devoid of technology stocks in the technological age, 8.25% is decent, in my opinion. Especially when its oil and mining…
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[ad_1] David Spector, Chairman and CEO of PennyMac Financial (NYSE:) Services Inc. (NYSE:PFSI), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Spector sold a total of 61,120 shares of common stock on December 20, 2024. The sales were executed at prices ranging from $101.69 to $102.10 per share, amounting to a total transaction value of approximately $6.2 million. The transaction comes as PennyMac, currently valued at $5.16 billion, trades near its 52-week high of $119.13. In addition to the sales, Spector exercised options to acquire 61,120 shares…
[ad_1] By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee dropped to its lifetime low on Tuesday, hurt by persistent dollar demand from importers, including local oil companies, and a rise in U.S. bond yields, which boosted the dollar. The rupee hit a low of 85.1850 against the U.S. dollar, slipping past its previous record low of 85.12 hit on Monday. The currency was last quoted at 85.1750 as of 10:10 a.m. IST. Traders cited mild dollar sales from state-run banks, most likely on behalf of the Reserve Bank of India (RBI), which helped limit the rupee’s losses. “Offers from state-run…
[ad_1] Motley Fool co-founder David Gardner wraps up an incredible year. From timely and timeless optimism, to risk-rating frameworks, to cutting-edge, AI-driven Q&A, plus a first-ever Market Cap Game Show World Championship, this Rule Breaker Investing extravaganza highlights 10 remarkable episodes from the podcast’s 2024. Here’s to another year of smarter, happier, and richer! To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. To get started investing, check out our beginner’s guide to investing in stocks. A full transcript follows the video. This video was recorded on Dec. 11, 2024. David Gardner: This…
[ad_1] KYC fraud: In a bid to prevent Know Your Customer (KYC) data from fraud and misuse, the launch date for masking KYC identifiers in the Central KYC Records Registry (CKYCRR) has been extended to January 20, 2025. This effort, designed to enhance data security and curb potential misuse, will conceal sensitive KYC information such as Aadhaar, PAN, Voter ID, and Driving License numbers within the system. Masked KYC involves concealing sensitive information in customer records shared via CKYCRR. Instead of revealing the complete KYC identifier, only the last four digits will be shown. This approach will safeguard individual privacy and…
[ad_1] During the past few years, global voluntary carbon markets have been thrown into crisis by fraud and quality scandals. Verra, a major certifier of carbon emission offsets, announced in August that it was rejecting 37 Chinese rice cultivation projects and revoking issued carbon credits, due to quality concerns. Some of the credits from these so-called “phantom” projects had already been procured to offset greenhouse gas emissions by major companies, like Shell and China National Petroleum Corporation. But evidence seen by Dialogue Earth indicates something more serious than quality concerns: some of these projects never existed. Experts say any forthcoming reforms of…
[ad_1] By James Pomfret HONG KONG (Reuters) – Hong Kong on Tuesday imposed bounties of HK$1 million ($128,728) on six more pro-democracy campaigners deemed to have violated national security laws, as well as revoking the passports of seven others, in a continuing security squeeze in the financial hub. Hong Kong’s Secretary for Security Chris Tang said the six — all based overseas in countries including Britain and the United States — had engaged in the alleged crimes of incitement to secession and subversion. The six included UK-based commentator Chung Kim-wah, former head of a pro-independence group Tony Chung, and Carmen…
[ad_1] China’s foldable smartphone shipments are seeing growth slow this year, according to Counterpoint Research, even as the country is poised to account for more than 50 per cent of the handset segment’s 2024 global shipments. Foldable handset shipments in China, the world’s largest smartphone market, are expected to reach 9.1 million units this year, up 2 per cent from 2023, according to Counterpoint’s latest market report published on Friday. That is in stark contrast with the triple-digit annual percentage growth rates recorded in previous years, including 103 per cent in 2023, 191 per cent in 2022 and 442 per…
[ad_1] The United States Steel Corp. Clairton Coke Works in Clairton, Pennsylvania, US, on Tuesday, Dec. 19, 2023.Justin Merriman | Bloomberg | Getty ImagesNippon Steel’s $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden, a White House spokesman said, giving the president 15 days to decide on a tie up he has previously said he opposes.The Committee on Foreign Investment in the United States (CFIUS), which reviews foreign investments in the U.S. for national security risks, referred the bid to Biden after it was unable to reach a consensus.”We received the CFIUS evaluation and the President will review…
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