[ad_1] (Bloomberg) — Asian equities rose Thursday after US stocks set a fresh high ahead of inflation data that may define Federal Reserve policy easing in the coming months.Most Read from BloombergShares in Japan, South Korea and Australia climbed while Hong Kong equity futures also rose. An index of US-listed Chinese companies fell in New York trading, following the biggest drop in more than four years for mainland China’s benchmark index on Wednesday.Treasuries were steady in early Asian trading after yields drifted higher in New York trading on Wednesday. The Bloomberg Dollar Spot Index was steady Thursday after rising 0.4%…
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[ad_1] WELLINGTON (Reuters) – The New Zealand government reported a larger-than-expected budget deficit for the 2023-24 year as lower growth hurt government revenue, the government’s accounts released Thursday showed. The government recorded a budget deficit of NZ$12.85 billion ($7.79 billion) for the fiscal year ending June 30, 2024, larger than a deficit of NZ$11.07 billion at the government’s budget in May. This is the fifth deficit recorded by the New Zealand government. The government said the worse-than-expected deficit was due to weaker results from government entities and state-owned enterprises. New Zealand Finance Minister Nicola Willis said the result underscored the…
[ad_1] BUENOS AIRES (Reuters) -Argentina’s lower house of Congress failed on Wednesday to muster the votes needed to reverse President Javier Milei’s veto of a law that would have boosted university funding, a win for the libertarian leader after mass protests opposing his move. Milei vetoed a bill last month that would have updated public university funding in line with Argentina’s triple-digit inflation rate, one of the world’s highest. Thousands of people have since demonstrated against his cuts to education and healthcare. Lawmakers voted 160 in favor of the university funding law with 84 against and 5 abstentions, falling six…
[ad_1] By Leonora LaPeter Anton and Brad Brooks ST. PETERSBURG, Florida (Reuters) -An expanding Hurricane Milton was on the verge of making landfall on Florida’s west coast on Wednesday, spawning tornados and lashing the region with rain as it threatened the Tampa Bay area, where it could deliver a life-threatening surge of seawater. In a state already battered by Hurricane Helene two weeks ago, as many as two million people were ordered to evacuate, and millions more live in the projected path of the storm. Officials issued increasingly dire warnings on Wednesday as landfall, expected on Wednesday evening, drew closer.…
[ad_1] Nvidia stock (NVDA) is aiming for a new record close as investors continue to bet on the artificial intelligence boom.The stock traded roughly flat Wednesday, closing at $132.65. It previously hit a record closing price of $135.58 in June. Nvidia has been on a torrid winning streak, notching its fifth consecutive day of gains Tuesday before Wednesday’s slightly down session. Shares are up 12% from last week.The stock’s climb has been fueled by a barrage of good news for the AI chipmaker. Wall Street analysts this week have reiterated their Buy ratings on Nvidia shares. KeyBanc released a report…
[ad_1] Cloudflare, Inc. (NYSE:) has reported a series of transactions involving its President and Chief Operating Officer, Michelle Zatlyn, who sold shares totaling over $9.4 million. The transactions, which took place on October 7th and 8th, were executed at varying prices ranging from $79.729 to $82.9932. Zatlyn, who is also a director at Cloudflare, engaged in multiple sales of the company’s Class A Common Stock. On October 7th, she sold 34,800 shares at an average price of $81.3477 and an additional 14,704 shares at an average price of $82.0503. The sales continued with 1,776 shares disposed of at an average…
[ad_1] MILL VALLEY, Calif.–(BUSINESS WIRE)–Redwood Trust, Inc. (NYSE: RWT; Redwood (NYSE:) or the Company) today announced that it priced approximately $40 million aggregate principal amount of its 7.75% convertible senior notes due 2027 (the Notes) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). The Notes will be issued as a reopening of, and will be part of the same series as, the 7.75% convertible senior notes due 2027 that the Company originally issued in June 2022 (the Initial Notes), of…
[ad_1] Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Michael M. Santiago | Getty ImagesU.S. stock futures were little changed Wednesday night as investors looked ahead to the release of September’s consumer price index report.Futures tied to the Dow Jones Industrial Average traded near the flatline. S&P 500 futures inched lower by 0.03%, and Nasdaq 100 futures fell 0.04%.The S&P 500 and Dow ended Wednesday’s session with fresh record closes. The broad market index rose 0.71%, also registering an all-time high during trading, while the 30-stock Dow jumped more than 400…
[ad_1] Stellantis’s North American operations are in a dire state, characterized by internal feuds, a myopic focus on a single model, and a disregard for warning signs. These factors have culminated in a disastrous situation that despite attempts to rectify, including a search for a new CEO and aggressive incentives, the damage is already done. The Fiat 500e’s failure to attract SUV customers and Alfa Romeo’s dismal sales compared to even a discontinued model like the Chevy Camaro highlight the company’s missteps. To revive the iconic Italian carmaker, Stellantis must address several key issues. First, the internal feuds must be…
[ad_1] Traders are eyeing the release of the Fed September meeting minutes this afternoon.Kevin Dietsch/Getty ImagesUS stocks traded mixed as investors looked ahead to the central bank’s meeting minutes.The release will offer more insight into what the Fed is thinking about monetary policy and inflation.Traders are anticipating a quarter-point rate cut in November.US stocks were mixed early Wednesday as traders looked ahead to the minutes of the Federal Reserve’s last policy meeting, which should give further guidance on the path of interest rates for the rest of the year.All three benchmark indexes traded slightly in the red, while bond yields…