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  • Oct 01, 2024

Fink Sees Boom in Infrastructure Fueling Global Economic Growth

(Bloomberg) -- BlackRock Inc. Chief Executive Officer Larry Fink said infrastructure is a major component to help stimulate growth in every economy and there’s enough capital in the private sector to fund investment.Most Read from BloombergA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsGang Violence Is Moving to the Amazon’s Fast-Growing CitiesNew Rowhouses in London That Offer a Bridge to the 19th CenturyClimate Migrants Stand to Overwhelm World’s MegacitiesA Housing Crisis

  • Oct 01, 2024

Morning Bid: Milder inflation seen setting up rate cuts

European inflation figures are due on Tuesday and the risk is to the downside, which will reinforce bets that the European Central Bank cuts interest rates later in the month. Inflation is also easing in France, Italy and Spain and markets moved to fully price in an October rate cut after President Christine Lagarde said on Monday the trend will be taken into account at the next policy meeting, which is on Oct. 17. Traders have another ECB cut priced in for December and have been selling dollars on the assumption that inflation is under control globally and that U.S. rates have the furthest to fall.

  • Sep 30, 2024

Super Micro Computer's big stock split is today. Here’s what to know

Super Micro Computer (SMCI) is set to undergo a stock split after the market closes on Monday, aligning itself with other prominent AI-driven companies like Nvidia and Broadcom, which also executed stock splits earlier this year. Following the split, the stock will begin trading Tuesday at its adjusted—and substantially lower—price.

  • Sep 30, 2024

Dogecoin, Shiba Inu, Pepe, Solana, and more: Cryptocurrencies to watch this week

The cryptocurrency market is poised to enter the new quarter with renewed optimism, fueled by recent interest rate cuts and the anticipation surrounding the upcoming November election. Regardless of the outcome, both major political sides have hinted at policies that could be favorable to the crypto industry, further boosting investor confidence.

  • Sep 30, 2024

China stocks surge on stimulus optimism, world stocks off record highs

LONDON/SYDNEY (Reuters) -World shares edged off record highs on Monday as strife in the Middle East fuelled economic uncertainty, just as China shares posted their biggest one-day gain in 16 years thanks to Beijing's latest raft of stimulus policies. Japan's Nikkei slumped almost 5% after perceived monetary policy hawk Shigeru Ishiba won a leadership contest to become the country's prime minister. The exception was China.

  • Sep 30, 2024

What's Going On With Stellantis Stock Monday?

Stellantis NV (NYSE:STLA) stock is plunging Monday after it revised its fiscal 2024 guidance to reflect its remediation actions on North American performance issues and deterioration in global industry dynamics. Auto rivals, including General Motors Co (NYSE:GM) and Ford Motor Co (NYSE:F), are trading lower in sympathy with Stellantis. The company projects a fiscal 2024 adjusted operating margin of 5.5%—7.0%, down from its prior double-digit growth expectations. It now expects fiscal 2024 indust

  • Sep 30, 2024

Stocks rise in China on property stimulus

Beijing's economic stimulus measures extended China's market rally into a second week, while Japan's choice of former Defense Minister Shigeru Ishiba as the country's next prime minister knocked down shares in Tokyo.

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