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tock futures steady as investors await key earnings reports this week
Stock futures remained stable as investors anticipate significant earnings reports from retailers and Nvidia this week. The Dow Jones futures dipped 0.08%, while Walmart shares rose 0.8% ahead of its earnings announcement. Super Micro Computer"s shares surged over 37% in after-hours trading after appointing a new auditor, despite facing compliance issues with Nasdaq.
goldman sachs advocates gold while wall street remains cautious
Goldman Sachs advocates for a bullish approach, urging investors to "go for gold." In contrast, other Wall Street banks express skepticism about this strategy, highlighting a divide in market sentiment regarding gold investments.
Asian markets set to rise as US stocks gain momentum
Asian equities are set to rise, following gains in Wall Street stocks as Treasuries stabilized after a selloff that pushed 10-year yields close to 4.5%. Futures indicate increases in Tokyo, Hong Kong, and Sydney, with US contracts also climbing. The Nasdaq 100 rebounded, led by a 5.6% surge in Tesla Inc. amid reports of a federal framework for self-driving vehicles being prioritized by President-elect Trump’s transition team.
biden commits four billion to world bank for poorest nations
President Joe Biden has pledged $4 billion to a World Bank unit dedicated to providing low-interest loans and grants to the poorest nations. This three-year commitment was announced during a meeting with Group of 20 leaders in Rio de Janeiro, amid concerns over future funding policies under President-elect Donald Trump.
Glarner Kantonalbank shows resilience amid market challenges and investor optimism
Glarner Kantonalbank (GLKB) demonstrates resilience in a challenging market, with its share price currently at EUR 22.45, 51% above its 52-week low. The bank offers an attractive dividend yield of 5.09% and has recently expanded its mortgage offerings through a partnership with Pax. Despite slight price fluctuations, investor confidence remains strong, reflecting the bank"s solid fundamentals and innovative approach.
us blue chip bond issuance reaches second highest level in history
High-grade corporate bond sales in the US have surged to $1.417 trillion this year, marking the second-highest issuance level on record. This figure surpasses the previous high of $1.411 trillion in 2021, as companies capitalize on favorable borrowing costs before year-end. The all-time record remains at $1.75 trillion, achieved in 2020 during the pandemic.
uper micro hires new auditor shares surge amid compliance efforts
Super Micro Computer has appointed BDO as its new auditor and submitted a compliance plan to Nasdaq, resulting in a 23% surge in shares. The company is working to file its overdue 2024 year-end report after facing scrutiny over accounting practices and a DOJ probe. Despite recent challenges, Super Micro"s sales have more than doubled, driven by its partnership with Nvidia.
ubs seeks expanded us banking license to enhance growth strategy
UBS is pursuing an expanded banking license in the US to enhance its growth strategy, particularly in the wealth management sector. The Swiss bank aims to facilitate loans and deposits nationwide, leveraging its recent acquisition of Credit Suisse to attract high-net-worth clients. Chairman Colm Kelleher indicated plans to acquire a US wealth management firm post-integration of Credit Suisse.
aaron hood appointed interim executive director of ohio teachers retirement system
Aaron Hood has been appointed interim executive director of the Ohio State Teachers Retirement System, effective November 18, following Lynn Hoover"s upcoming retirement. Hood, a finance senior fellow at West Point and former CFO at Summit Carbon Solutions, steps in amid ongoing turmoil within the $95.3 billion pension system, which has faced internal conflicts and investigations. Despite these challenges, Hoover"s tenure saw improvements in the fund"s financial status, increasing its funded ratio to 82.8 percent.
microchip technology ceo ganesh moorthy steps down chairman steve sanghi returns
Microchip Technology Inc. CEO Ganesh Moorthy will retire at the end of the month, coinciding with his 65th birthday, after three years in the role and 23 years with the company. Chairman Steve Sanghi will return as interim CEO and president while continuing his role as chairman.