Nestled amongst the skyscrapers of Manhattan’s financial district is the iconic, centuries-old Trinity Church – and its $6 billion endowment. On the latest … Source link
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Shares retreated in Asia early Thursday after U.S. stocks stormed to records as investors wagered on what Donald Trump’s return to the White House will mean for the economy and the world. Markets also were turning their attention to the Federal Reserve’s decision on interest rates, due later in the day. Japan’s Nikkei 225 shed early gains to fall 0.6% to 39,246.86, while the Kospi in Seoul fell 0.4% to 2,554.57. Australia’s S&P/ASX 200 edged 0.1% lower, to 8,191.00. Chinese shares also declined. Hong Kong’s Hang Seng dropped 0.7% to 20,386.36. The Shanghai Composite index also fell 0.7%, to 3,359.99.…
Brian Friedman, President of Jefferies Financial Group Inc. (NYSE:JEF), recently sold a significant portion of the company’s common stock. According to a filing with the Securities and Exchange Commission, Friedman sold a total of 393,397 shares in two separate transactions on November 6, 2024. The shares were sold at prices ranging from $72.00 to $72.56 and $72.345 to $72.42 per share, resulting in a total transaction value of approximately $28.4 million. Following these transactions, Friedman’s holdings in Jefferies Financial Group, through various entities, include 1,282,979 shares held by his trust, 560,507 shares by his LLC, 2,376,315 shares directly, 496,780 shares…
David A. Hyman, Netflix Inc.’s (NASDAQ:) Chief Legal Officer, recently sold shares of the company, according to a Form 4 filing with the Securities and Exchange Commission. On November 5, Hyman sold 267 shares of Netflix common stock at an average price of $765.67 per share, totaling approximately $204,434. Additionally, the filing revealed that on November 4, Hyman acquired 543 shares through the vesting of restricted stock units (RSUs), which were settled in shares of Netflix common stock on a one-for-one basis. On the same day, 276 shares were withheld to cover tax obligations related to the RSU vesting, valued…
In an aerial view, shipping containers at the Port of Oakland on July 21, 2022 in Oakland, California.Justin Sullivan | Getty ImagesRetailers and manufacturing companies have been increasingly calling logistics partners, both in the days leading up to presidential election and on Election Night, about “front loading” shipments ahead of any changes in tariff policy to be pursued by President-elect Donald Trump, who campaigned on an aggressive expansion of existing U.S. tariffs on cross-border trade.Trump has vowed across-the-board tariffs of 10% to 20% on all imports arriving into the United States and a 60%-100% tariff on Chinese imports.”This is 2018…
China’s pursuit of a “low-altitude economy” is driving significant advancements in Advanced Air Mobility (AAM). This initiative, encompassing manned and unmanned operations below 1,000 meters, has attracted international players like Manta Aircraft. The Italian company, in collaboration with Shenyang Aviation Industries Group and Baoding Kaiborui Technology, is poised to introduce its hybrid-electric ANN Plus air taxi to the Chinese and South Asian markets. This partnership aims to accelerate the development, production, and certification of two full-scale ANN Plus VTOL prototypes by the Civil Aviation Administration of China (CAAC). China’s Low Altitude Economy Drives Air Mobility Innovation with Manta Aircraft Partnership…
Stellantis is reviving a classic muscle car for the 2024 SEMA Show, and it’s not what you’d expect. The Detroit automaker is electrifying a 1967 Plymouth GTX, a legendary car from the golden age of American muscle. Restored to its former glory by Stellantis’s OEM experts, this iconic vehicle will now be powered by an electric motor. While this groundbreaking move might not be well-received by all attendees at the SEMA Show, it undoubtedly showcases Stellantis’s commitment to innovation and sustainability in the automotive industry. Stellantis Electrifies 1967 Plymouth GTX Muscle Car at SEMA 2024 (Mopar) Mopar is bringing the…
Eli Lilly stock has fallen in the days following the release of its latest earnings numbers. If you’re investing in a stock with a high valuation, you know that expectations are going to be high when it’s time for the company to report earnings. Any miss compared to analyst estimates or underwhelming guidance can quickly lead to a sell-off, analyst downgrades, and a much different outlook for the stock as a whole. Healthcare giant Eli Lilly (LLY -3.68%) has been trading at an inflated valuation for some time thanks to excitement around its diabetes and weight loss treatments, Mounjaro and…
Analysts predict these stocks can benefit from Trump’s proposed policies. Source link
By Colleen Howe BEIJING (Reuters) – Oil prices edged up on Thursday following a sell-off triggered by the U.S. presidential election, as risks to oil supply from a Trump presidency and a hurricane building in the Gulf Coast outweighed a stronger U.S. dollar and higher inventories. futures rose 26 cents, or 0.35%, to $75.18 per barrel by 0125 GMT. U.S. West Texas Intermediate (WTI) crude gained 16 cents or 0.22% to $71.85. Concerns around a Trump presidency squeezing oil supply from Iran and Venezuela as well as an approaching storm “more than offset the post-election impact of a stronger U.S.…