By Florence Tan SINGAPORE (Reuters) -Oil prices edged higher on Thursday from two-week lows, with investors eyeing developments in the Middle East and more details on China’s stimulus plans, as well as awaiting the release of official U.S. oil inventory data. futures rose 17 cents, or 0.2%, to $74.39 a barrel by 0408 GMT, while U.S. West Texas Intermediate crude futures were at $70.58 a barrel, up 19 cents, or 0.3%. Both benchmarks settled down on Wednesday, closing at their lowest levels since Oct. 2 for a second day in a row. The benchmarks are down 6-7% so far this…
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InvestingPhoto: Getty Images In his September 2024 paper, The Less-Efficient Market Hypothesis, Cliff Asness reports that financial markets have become less efficient over the past 30 years. Asness, a former student of Eugene Fama, challenges the traditional Efficient Market Hypothesis (EMH), suggesting that markets are now less informationally efficient, especially in the medium term. He argues that this growing inefficiency leads to more stocks becoming disconnected from their fundamental values and taking longer to correct. As a result, while value investing can still outperform over time, the “long term” now stretches further than before. Asness identifies three key factors driving…
Passive investing in index funds can generate returns that roughly match the overall market. But you can significantly boost your returns by picking above-average stocks. For example, the Qube Holdings Limited (ASX:QUB) share price is up 40% in the last 1 year, clearly besting the market return of around 18% (not including dividends). So that should have shareholders smiling. However, the stock hasn’t done so well in the longer term, with the stock only up 18% in three years.Now it’s worth having a look at the company’s fundamentals too, because that will help us determine if the long term shareholder…
(Bloomberg) — Equities in Asia rose after Wall Street closed higher, helped along by a rotation out of megacap tech to small-cap companies. Chinese stocks erased gains after a press briefing by finance and housing ministers.Most Read from BloombergChina’s CSI 300 index turned flat after rising as much as 1.3% earlier. A gauge of Chinese property stocks extended losses. China said that it will expand a program to support “white list” projects to 4 trillion yuan ($562 billion) from about 2.23 trillion yuan already deployed. Hong Kong stock benchmarks also trimmed gains.Shares in Australia rose, while Japanese stocks fluctuated. US…
(Corrects figures in the headline and first paragraph to 44,500, not 54,000, and in the third paragraph to 20,987, not 30,517) WASHINGTON (Reuters) – Carmaker Stellantis (NYSE:) said on Wednesday it is recalling 44,500 hybrid crossover SUVs worldwide because the brake pedal in the vehicles could disengage and stop working. The recall, the company said, includes some 2024 through 2025 model-year Alfa Romeo Tonale plug-in hybrid SUVs and some 2024 model-year Dodge Hornet plug-in SUVs that are based on the same platform. The announcement was made in a filing with the U.S. National Highway Traffic Safety Administration and a separate…
By Manya Saini and Niket Nishant (Reuters) – Robinhood (NASDAQ:) launched its long-awaited desktop platform and added futures and index options trading features to its mobile app on Wednesday, as the fintech firm aims to take market share from traditional brokerages. The 11-year-old commission-free trading app, which became synonymous with mom-and-pop investors in 2021, is now seeking to mature into a full-fledged financial services provider and compete with established brokerages that serve institutional investors. The Menlo Park, California-based company said its desktop trading platform, dubbed ‘Robinhood Legend,’ will focus on active traders. “We’ve matured alongside our customers and have heard…
China will expand its “whitelist” of real estate projects and speed up bank lending for these unfinished developments to 4 trillion yuan ($561.8 billion) by the end of the year, the country’s housing ministry said Thursday.Ni Hong, China’s minister of housing and urban-rural development, made the announcement at a press conference, alongside officials from the central bank, finance ministry and the National Financial Regulatory Administration.A total of 2.23 trillion yuan had already been approved in loans to whitelisted developers. That figure will almost double to 4 trillion yuan by the end of 2024, according to a senior official from the…
Joseph Cumello, Senior Vice President and General Manager of Blue Planet at Ciena Corporation (NYSE:), recently sold 1,289 shares of the company’s common stock. The shares were sold at a price of $67.43 each, amounting to a total transaction value of $86,917. This transaction was conducted on October 15, 2024, under a pre-established Rule 10b5-1 trading plan, which was set up earlier this year on January 8, 2024. Following this sale, Cumello retains ownership of 40,775 shares, which include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). The transaction reflects Cumello’s ongoing management of his equity holdings in…
(Reuters) – Meta (NASDAQ:) is laying off employees across units including Instagram, WhatsApp and Reality Labs, the Verge reported on Wednesday, citing people familiar with the matter. A Meta spokesperson told Reuters in a statement that a few of its teams were making changes to align with their long-term strategic goals and location strategy. “This includes moving some teams to different locations, and moving some employees to different roles. In situations like these when a role is eliminated, we work hard to find other opportunities for impacted employees,” the spokesperson said. The Verge report did not specify the exact number…
ROANOKE, Va. (WDBJ) – Many people have the option of investing in a 401k through work. If you ever worry you’re not maximizing your investment, you’re not alone. Patrick Ayers, President and CEO of Ayers Financial Services in Roanoke, joined Here @ Home to discuss tips to get the most out of your retirement investment. You can watch the full interview above, and make sure to watch Here @ Home at 3 p.m., Monday – Friday, on WDBJ7. Copyright 2024 WDBJ. All rights reserved. Source link