Implements INDATA SaaS on a Front-to-Back Office Basis delivered via iPM Private Cloud GREENWICH, Conn. , Dec. 12, 2024 /PRNewswire/ -- INDATA , a leading industry provider of cloud-native, SaaS-based solutions for buyside firms, today announced that Paradigm Capital Management (PCM) is live with INDATA's Software-as-a-Service for Front, Middle and Back Office . With a three-decade history of small-cap investing, Paradigm Capital Management, based in Albany, NY employs a disciplined, bottom-up approach with an emphasis on fundamental analysis and extensive management contact. Paradigm manages $1.8 billion in AUM and offers a range of products including institutional separately managed accounts, proprietary mutual funds, and private wealth via hedge funds and LP's. Paradigm is using the INDATA system for a range of functions including trade order management (OMS), Portfolio Accounting , Performance and Reporting, including managed services for streamlined reconciliation. "We are very pleased to have Paradigm Capital Management as a client. We look forward to partnering with Paradigm on their ongoing needs," commented David Csiki , President of INDATA. About INDATA ® INDATA is a leading specialized provider of SaaS (Software-as-a-Service), technology and managed outsourcing services for buyside firms, including trade order management (OMS), portfolio management, compliance, portfolio accounting and front-to-back office. INDATA iPM Portfolio Architect AITM is the industry's first portfolio construction, modeling, rebalancing and reporting tool based on AI, and Machine Learning. INDATA's iPM – Intelligent Portfolio Management® technology platform allows end users to efficiently collaborate in real-time across the enterprise and contains the best of class functionality demanded by sophisticated institutional investors, wealth managers, and hedge funds. The company's mission is to provide clients with cutting edge technology products and services to increase trading and operational efficiency while reducing risk and administrative overhead. INDATA provides software and services to a variety of buyside clients including asset managers, registered investment advisors, banks and wealth management firms, pension funds and hedge funds. Assets under management range from under $1 billion to more than $100 billion across a variety of asset classes globally. For more information, visit www.indataipm.com Media Contact: David Csiki , [email protected] SOURCE INDATA
STOCKHOLM (AP) — Two-time defending champion Barcelona clinched the last quarterfinal spot in the Women’s Champions League by beating Hammarby 3-0 in Stockholm on Thursday. Ewa Pajor fired Barcelona ahead with two first-half goals from close range and Aitana Bonmatí finished it off 10 minutes before the final whistle. Following a 2-0 loss to Manchester City in the opening group stage game, Barcelona scored 23 goals in the following four games and conceded one. Man City defeated St. Pölten 2-0 to keep a perfect record and lead Group D with 15 points. Barcelona is three points behind and will host City next Wednesday in the final group game. In Group C, Alessia Russo scored twice and Arsenal beat last-place Vålerenga 3-1 to keep pressure on group leader Bayern Munich. Arsenal produced another dominant display under interim coach Renée Slegers. Frida Maanum also scored for Arsenal and set up Russo's opener. Vålerenga, which retained its domestic league title and just claimed the Norwegian Cup to complete a double, got a consolation goal from substitute Tilde Lindwall. Bayern routed Juventus 4-0 to lead the group with 13 points, one ahead of Arsenal. The two will clash over the top spot in London next week. AP soccer: https://apnews.com/hub/soccerNone
Steve Yzerman expecting new coach Todd McLellan to get Red Wings back on track(The Center Square) - The Spokane City Council adopted its 2025 Rules of Procedure on Monday, amending several changes that the conservative minority believed would silence their downtown constituents. Councilmember Michael Cathcart, who sits among the minority with Councilmember Jonathan Bingle, said he anticipated voting against the rules when he walked into city hall; however, after a long, diplomatic conversation with his peers, all seven voted unanimously in support. While initially drafted by the progressive majority, which routinely rules against the minority, the council proposed 14 amendments, 12 of which came from the conservatives. Ultimately, the governing body set aside policy and ideological differences for the sake of their constituency. “I just want to say it’s an honor to be on this side of the 5-2,” Bingle said after some of the majority joined him and Cathcart to approve one of the eight amendments passed. Tensions grew leading up to Monday as the community caught word of the initial proposal that would limit public testimony to two minutes, require three sponsors to move legislation out of committee for a vote and move council meetings to Tuesday instead of Monday. Cathcart and Bingle argued last week that the changes, among others regarding decorum, council commentary and more, would silence their dissent. Both represent District 1, which encompasses downtown and some of the most impoverished areas in Spokane. District 1 often faces the brunt of the homelessness crisis and related crime. The conservatives have attempted to push legislation emphasizing enforcement and other reforms, but the measures usually fail, with Bingle and Cathcart dissenting from the progressive majority. “You can make arguments that these procedural changes are different than what you experienced at STA,” resident Erik Lowe wrote in testimony, “but to outside observers, it is the same: trickery to prevent dissenting voices on the council from being heard.” Lowe said he initially got involved with the Spokane Transit Authority because of attempts from conservatives to silence the progressives from the council who sit on the STA board; now the tables have flipped, and he said the majority has a duty to protect the right to fair representation. Requiring three sponsors would prevent District 1 from pushing legislation that affects their constituents without the support of another. Bingle has also never been able to attend Tuesday meetings due to a scheduling conflict, limiting the ability to represent his constituency. “I cannot tell you the amount of emails I got that were like, ‘Listen, we will never vote for you, but we think it’s important that your voice is heard,’” Bingle said. While the council ultimately passed the amendments to preserve public testimony, Monday meetings and the requirement for two sponsors instead of three, the public came prepared. Community members filled the council chambers on Monday, even late into the evening, before adjourning close to midnight. One group that goes by Save Our Spokane, or SOS, put together a rally and protest leading up to the vote, even gaining support from residents who often disagree with conservatives. The message from each was clear: protect the right to dissent. Resident H.T. Higgins, who donated to Mayor Lisa Brown’s 2023 campaign but then paid for billboards criticizing her, was among those in attendance. While an advocate for the homeless, who are often at odds with District 1, he noted the importance of a fair playing field. He said the initial changes seemed like actions to fortify what he called a “blue silo.” Higgins also referenced the Board of County Commissioners’ conservative majority standing as the opposing red silo, adding that neither should stand for silencing the voice of the minority. “After watching briefing sessions and legislative meetings for the last eight months, it’s very clear to me that the public input has no value,” Higgins told the council. “We all know the decisions to bring legislation forward come from the connected and usually political donors of both parties. In the city of Spokane, that means you better have enough money or connection to get into the mayor’s office; the leader of the blue silo is what I would say."
NEW YORK , Dec. 12, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global power electronics market size is estimated to grow by USD 10.67 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 5.92% during the forecast period. The report provides a comprehensive forecast of key segments below- Segmentation Overview Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The power electronics industry plays a pivotal role in power conversion for various applications, from consumer electronics to industrial systems. Single chip and System-on-Chips (SoCs) integrated with power electronics enable efficient power consumption in Silicon-based devices and Wide Bandgap (WBG) devices like SiC. Power electronics are integral to wearables, sensors, IoT devices, mobile phones, and handheld electronics, facilitating DC-to-DC conversion for battery charging and voltage scaling. In renewable energy, power electronics are crucial for power generation from sources like photovoltaics and wind turbines, ensuring efficient electrical energy consumption. Power transmission and distribution systems, including power plants and power grids, rely on power electronics for efficient power conversion and distribution. Industrial appliances, server power supplies, and motor drives also benefit from power semiconductors, reducing carbon footprint and enhancing performance. Telecom infrastructure and electric motor drives in industrial robots further expand the application scope of power electronics. ON Semiconductor and other leading companies continue to innovate in this field, pushing the boundaries of power conversion technology. Analyst Review The Power Electronics Market encompasses the design, manufacturing, and application of various electronic components and systems in numerous industries. Key technologies include diodes, thyristors, and advanced materials such as silicon, silicon carbide, and gallium nitride. The market spans various sectors, including automotive and transportation, renewable energy, consumer electronics, defense and aerospace, and healthcare. Applications range from electric vehicles (EVs) and portable devices to power transmission and generation in renewable energy sources like photovoltaics and wind turbines. The power electronics industry plays a crucial role in electrical energy consumption and power generation, contributing significantly to the efficiency and reliability of modern systems. To understand more about this market- Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 11.1 Semiconductor Components Industries, LLC 11.2 ABB 11.3 Infineon Technologies AG 11.4 Texas instruments Inc 11.5 ROHM Co. Ltd 11.6 STMicroelectronics NV 11.7 Renesas electronic corporation 11.8 Vishay Intertechnologies Inc 11.9 Toshiba Corporation 11.10 Mitsubishi Electric Corporation 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/power-electronics-market-to-grow-by-usd-10-67-billion-from-2023-2028--report-on-ai-powered-market-evolution---technavio-302328816.html SOURCE TechnavioNo, Voice of America is not a new government organization
The heavy rain and thawing snow caused river levels to rise. As a result, roads began to flood with Bacup and Ramsbottom among the worst affected areas. Many business owners were forced to close their doors and faced a night of agnosing worry to see how the flood water impacted their business. Andrew Jones only opened Bacup Bargains (The Hub) on Wednesday. The not-for-profit business, which sells new and used goods and reinvests them back into the business, lost around £100 in stock due to flood water. Andrew said: “We had to close around 12pm because there was no way anyone was getting anyway near us. Andrew Jones ,founder of Bacup Bargains (The Hub) (Image: Andrew Jones) “We have survived and spent Sunday morning doing a bit of a cleanup and clearing the drains outside the shop. “We probably lost around £100 in stock with clothes we have had to use as sandbags to keep the water out. “We covered up the electric box which is good because at one point the water was rising to the box.” Andrew, who lives in nearby Stacksteads, said he has never seen flooding as bad as this. He said: “I have never seen it this bad. Early Sunday morning [was also] terrible. The roads were still flooded with water and you couldn’t even get to the building. The water doesn’t look very clean. “We were worried about this all Saturday night.” The business, which also has a community space called The Hub, aims to help people who feel lonely and want a chat. It also aims to signpost help for people with financial issues, those struggling with mental health issues and those who are homeless. Andrew said he aims to be back open on Monday (November 25). Flooding at Freshair on Burnley Road, Bacup (Image: Charli-Mae Sutcliffe) said they had to use towels to stop the flood water from entering the salon. The 22-year-old said: “[The bad weather] started around 12pm and got progressively worse. “I used towels to put at the back of the door and a man stopped to give me some items to help, including a large piece of wood was used to block the water. “I imagine the flooring will be damaged. It is the last thing we needed especially with Christmas right around the corner. I’m worried to go back in case the shops a mess and the floor is ruined a week before the Christmas rush starts.” Paul Sullivan, owner of Paul Sullivan Leather on Market Street, said his shop was not flooded, as it is on an upper floor, but said he has not seen weather like this in his eight years of trading. He said: “It was snow and ice when I first went to work and then it started raining. It was absolutely tipping down. “Cars seemed to be struggling on the road. “When I opened the shop door waves were crashing over the threshold and I had never seen anything like that. Luckily, we are based on the first floor so can operate but accessibility and footfall [was] a a real issue. “It is an old building and the rain was so heavy that drips of water were coming through the ceiling and windows. It was terrible and awful and just the last thing the town needs. But we will bounce back, we always do.” Mario's Italian restaurant, on Market Street in Bacup remained open but said the cellar flooded. The Waterloo bar, on Rochdale Road in Bacup, said it sustained “significant water damage”. READ MORE: Pictures as streets and fields in East Lancashire flood Posting on Saturday, a spokesperson said: “Due to recent flooding, The Waterloo has sustained significant damage. Sadly we are closed until further notice. “We are working to assess the damage and repairs we need to make. will keep you updated as we make progress. “We thank you for your understanding and support during this difficult time.” The Duckworth Arms, on Whalley Road in Ramsbottom, was also forced to close on Saturday. It has since reopened. Bury councillor Gareth Staples-Jones praised efforts from volunteers who helped clear drains. He said: "Hoofing effort from volunteers today at Nuttall Park cleared most of the drains and water, lots of mud and silt remain. "We’ve moved most of the big logs out the way from the paths and playground, and emptied the community base to clean off bits which sadly did get a bit damp! "The big tree that has fallen on the telephone wire has been scheduled in with the trees team, they’ve already dealt with the most dangerous ones." Rossendale councillor, Alyson Barnes, said: "The Environment Agency and Lancashire County Council [have been] clearing culverts and gullies today. "[The council] has an additional Road Sweeper on hire at the moment for the leaf fall season so we will have two road sweepers and two footpath sweepers out tomorrow. "They will be focussing on the main areas of the town centre which experienced flooding and main Roads in Rawtenstall, Haslingden, Bacup and Whitworth before working outwards to the other areas. "[Clearners] will also be out in Bacup, Rawtenstall and Haslingden helping with the cleanup before moving out to the surrounding areas. "The Green Spaces Teams will be starting with drain clearance and gully clearance in the main parks and will be called in to the other areas once we have more of an assessment [on Monday morning]."
Not as it seems: Rise of deepfakes throughout the Crypto sector( MENAFN - EIN Presswire) Chest Freezers Global market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, December 13, 2024 /EINPresswire / -- The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-limited time only! What Is The Anticipated Growth Rate and Market Size of the Global Chest Freezers Market? The chest freezers market size has seen a significant expansion in recent years. The market is projected to grow from $16.31 billion in 2023 to $18.36 billion in 2024, demonstrating a compound annual growth rate CAGR of 12.6%. The growth during the historical period can be attributed to the rising demand in developing economies, growth in small and medium enterprises, consumer preference for bulk purchasing, increasing focus on food waste reduction, and the expansion of e-commerce. Preview The Global Chest Freezers Market Report: What Does The Future Hold For The Chest Freezers Market? The chest freezers market size is poised for rapid growth in the upcoming years. The market is projected to reach $29.72 billion by 2028, expanding at a compound annual growth rate CAGR of 12.8%. This growth during the forecast period can be attributed to the increasing demand for frozen food, the rise in disposable income, the development of cold storage infrastructure, growing urbanization, migration to cities and the growth of the retail sector. Pre-order The Chest Freezers Global Market Report: What Are The Key Drivers Of The Chest Freezers Market? The rise in demand for frozen food products is anticipated to fuel the growth of the chest freezer market. Frozen food products, preserved by freezing to retain freshness and nutrients, have a longer shelf life for later consumption. The convenience, extended shelf life, and increasing consumer preference for ready-to-eat meals are fueling the demand for frozen food products, making chest freezers essential for optimal long-term storage which maintains the quality, safety, and extended shelf life of frozen items. Which Market Leaders Are Driving The Growth of the Chest Freezer Market? Major players in the chest freezers market include LG Electronics, Midea America Corp., Whirlpool Corp., Sharp Corporation, Liebherr-International GmbH, Electrolux Group, Westinghouse Electric Corp., The Middleby Corp., Dometic Group AB, and more. These major players have been crucial in driving market growth and will continue to play a significant role in its expansion. What Key Trends Are Impacting The Chest Freezer Market? Major companies in the chest freezer market are centered around developing and launching innovative products, offering flexibility to switch between freezer and refrigerator modes, to maintain their competitive edge. The future of cold storage is about to transform through technological innovation, a focus on sustainability, and an expanding market influenced by the consumer demand for frozen goods. How Is The Global Chest Freezer Market Segmented? 1 By Type: 500 And Above Liters, 300 To 500 Liters, 200 To 300 Liters, 200 And Below Liters 2 By Distribution Channel: Online, Offline 3 By Energy Efficiency: High, Medium, Low 4 By Door Type: Solid Door, Glass Door 5 By Application: Retail, Hospitality, Food And Beverage Processing, Cold Storage And Warehouses, Healthcare, Research and Laboratories, Residential, Other Applications What Does The Regional Analysis Tell Us About The Chest Freezer Market? In 2023, North America was the largest region in the chest freezers market. However, Asia-Pacific is expected to be the fastest-growing region in the forthcoming period. The regions covered in the chest freezers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Browse more similar reports- Congenital Heart Disease (CHD) Global Market Report 2024 Esophageal Catheters Global Market Report 2024 High-Frequency Chest-Wall Oscillation Devices Global Market Report 2024 About The Business Research Company Learn More About The Business Research Company. With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game. Contact us at: The Business Research Company: Americas +1 3156230293 Asia +44 2071930708 Europe +44 2071930708 Email us at ... Follow us on: LinkedIn: YouTube: Global Market Model: global-market-model Oliver Guirdham The Business Research Company +44 20 7193 0708 email us here Visit us on social media: Facebook X LinkedIn Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above. 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Which Jets Use The GE9X Engine And How Powerful Is It?
This is CNBC's live blog covering European markets. European markets are expected to open higher Monday as a holiday-shortened trading week begins in the run-up to Christmas. > 24/7 San Diego news stream: Watch NBC 7 free wherever you are The U.K.'s FTSE 100 index is expected to open 8 points higher at 8,098, Germany's DAX up 12 points at 19,919, France's CAC up 7 points at 7,291 and Italy's FTSE MIB up 76 points at 34,031, according to data from IG. Trading is expected to be relatively muted in the run-up to Christmas, with European markets set to be closed, or close early, for Christmas Eve and to remain shut on Christmas Day. Overnight, Asia-Pacific markets started the week on a positive note, with investors awaiting an official announcement related to the merger of Japanese automakers Honda and Nissan . Sentiment in Asia was boosted following a cooler-than-expected inflation reading that helped lift U.S. markets Friday. U.S. stock futures edged up in overnight trading Sunday. CNBC Pro: 'The next Nvidia': Broadcom is the AI chip stock to own in 2025, investor says Money Report Macao is becoming a city of sports and entertainment, Sands China CEO says, as President Xi urges diversification CNBC Daily Open: With cooler-than-expected PCE, would the Fed's dot plot have looked different? Broadcom is more likely to deliver big gains for investors in 2025 than AI chip leader Nvidia , according to fund manager Stephen Yiu. Yiu, portfolio manager of the Blue Whale Growth Fund, said that while Big Tech giants, such as Microsoft , Amazon , Google and Meta Platforms , had bought up Nvidia's graphics processing units (GPUs) in vast quantities, they were now also developing their own custom chips for artificial intelligence applications in an effort to diversify. CNBC Pro subscribers can read more here. — Ganesh Rao European markets: Here are the opening calls European markets are expected to open higher Monday. The U.K.'s FTSE 100 index is expected to open 8 points higher at 8,098, Germany's DAX up 12 points at 19,919, France's CAC up 7 points at 7,291 and Italy's FTSE MIB up 76 points at 34,031, according to data from IG. Data releases include final U.K. and Spanish economic growth data. — Holly Ellyatt Also on CNBC Warren Buffett heads into 2025 with his biggest cash position since 1990 Bull market tested as volatility spikes, overheated assets cool off Any Santa Claus rally next week could help stocks end the year on a high noteThe S&P 500 slipped 0.5% for its fourth loss in the last six days. It's a pause for the index, which has been rallying toward one of its best years of the millennium. The Dow Jones Industrial Average lost 234 points, or 0.5%, and the Nasdaq composite sank 0.7% from its record set the day before. A report early in the morning said more U.S. workers applied for unemployment benefits last week than expected. A separate update, meanwhile, showed that inflation at the wholesale level, before it reaches U.S. consumers, was hotter last month than economists expected. Neither report points to imminent disaster, but they dilute one of the hopes that's driven the S&P 500 to 57 all-time highs so far this year: Inflation is slowing enough to convince the Federal Reserve to keep cutting interest rates, while the economy is remaining solid enough to stay out of a recession. Of the two reports, the weaker update on the job market may be the bigger deal for the market, according to Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley. A surge in egg prices may have been behind the worse-than-expected inflation numbers. "One week doesn't negate what has been a relatively steady stream of solid labor market data, but the Fed is primed to be sensitive to any signs of a softening jobs picture," he said. Traders are widely expecting the Fed will ease its main interest rate at its meeting next week. If they're correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It's hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy and to prices for investments, but they could also provide more fuel for inflation. A cut next week would have the Fed following other central banks, which lowered rates on Thursday. The European Central Bank cut rates by a quarter of a percentage point, as many investors expected, and the Swiss National Bank cut its policy rate by a steeper half of a percentage point. Following its decision, Switzerland's central bank pointed to uncertainty about how U.S. President-elect Donald Trump's victory will affect economic policies, as well as about where politics in Europe is heading. Trump has talked up tariffs and other policies that could upend global trade. He rang the bell marking the start of trading at the New York Stock Exchange on Thursday to chants of "USA." On Wall Street, Adobe fell 13.7% and was one of the heaviest weights on the market despite reporting stronger profit for the latest quarter than analysts expected. The company gave forecasts for profit and revenue in its upcoming fiscal year that fell a bit shy of analysts'. Warner Bros. Discovery soared 15.4% after unveiling a new corporate structure that separates its streaming business and film studios from its traditional television business. CEO David Zaslav said the move "enhances our flexibility with potential future strategic opportunities," raising speculation about a spinoff or sale. Kroger rose 3.2% after saying it would get back to buying back its own stock now that its attempt to merge with Albertsons is off. Kroger's board approved a program to repurchase up to $7.5 billion of its stock, replacing an existing $1 billion authorization. All told, the S&P 500 fell 32.94 points to 6,051.25. The Dow Jones Industrial Average dropped 234.55 to 43,914.12, and the Nasdaq composite sank 132.05 to 19,902.84. In stock markets abroad, European indexes held relatively steady following the European Central Bank's cut to rates. Asian markets were stronger. Indexes rose 1.2% in Hong Kong and 0.8% in Shanghai as leaders met in Beijing to set economic plans and targets for the coming year. South Korea's Kospi rose 1.6% for its third straight gain of at least 1%, as it pulls back following last week's political turmoil where its president briefly declared martial law. In the bond market, the 10-year U.S. Treasury yield rose to 4.33% from 4.27% late Wednesday.
Southampton vs. Liverpool lineups, expected starting 11, confirmed team news and injuries: Van Dijk ready to take on former club | Sporting NewsHopes for a Santa Claus rally on Wall Street fell Friday as tech stocks slid lower, while a weaker yen lifted Japanese equities. US indices slid lower at the opening bell, with the tech-heavy Nasdaq Composite losing two percent during morning trading. Shares in Tesla were down over three percent in late morning trading while those in AI chipmaker NVIDIA shed around two percent. Wall Street stocks have historically performed well around the year-end holidays in what is popularly known as a Santa Claus rally. A Christmas Eve jump in equities got the Santa rally off to a flying start and indices barely budged in Thursday trading. Briefing.com analyst Patrick O'Hare also pointed to an increase in 10-year US Treasury bond yields to around 4.6 percent, which he noted is an increase of nearly 0.9 percentage points since the US Federal Reserve made its first interest rate cut in September. "The Fed doesn't hold sway over longer-dated maturities like it does over shorter-dated securities, so the bump in rates at the back end of the curve is being watched with an anxious eye as a possible harbinger of a pickup in inflation and/or the budget deficit," O'Hare said. Wall Street stocks took a knock earlier this month when the Fed indicated it would likely cut interest rates less than it had previously expected to. That was in part because of uncertainty tied to the stated intention of incoming president Donald Trump to raise tariffs, which could boost inflation that is already proving sticky. In Asia, Japan's Nikkei index closed up nearly two percent, with the yen's recent weakness proving a boon for major exporters. The yen hit 158.08 per US dollar on Thursday evening -- its lowest in almost six months -- following comments made by Bank of Japan Governor Kazuo Ueda that failed to give a clear signal on a possible interest rate increase next month. Recent data has showed Japan's inflation rose for a second month in December, while industrial production declined less than expected in November and retail sales came in higher than estimated last month. Japan's government also on Friday approved a record budget for the next fiscal year, ramping up spending on social welfare for its ageing population and on defence to tackle regional threats. In Seoul, the stock market closed down one percent after the won plunged to a nearly 16-year low of 1,487.03 against the dollar on Friday morning. South Korea is struggling to emerge from political turbulence in the wake of President Yoon Suk Yeol's martial law declaration this month, which prompted his impeachment. Acting President Han Duck-soo was also impeached Friday in a vote that prompted governing party lawmakers to protest with angry chants and raised fists. South Korea's business outlook for January fell in the Bank of Korea's composite sentiment index, the biggest month-on-month slide since April 2020, according to data based on almost 3,300 firms released Friday. In Europe, Frankfurt's DAX index rose after German President Frank-Walter Steinmeier dissolved parliament on Friday and confirmed the expected date for the early general election, emphasising the need for "political stability" in Europe's largest economy. New York - Dow: DOWN 0.8 percent at 42,987.31 New York - S&P 500: DOWN 1.2 percent at 5,967.31 New York - Nasdaq Composite: DOWN 1.7 percent at 19,676.01 London - FTSE 100: UP 0.2 percent at 8,149.78 (close) Paris - CAC 40: UP 1.0 percent at 7,355.37 (close) Frankfurt - DAX: UP 0.7 percent at 19,984.32 (close) Tokyo - Nikkei 225: UP 1.8 percent at 40,281.16 points (close) Seoul - Kospi: DOWN 1.0 percent at 2,404.77 (close) Hong Kong - Hang Seng Index: UP 0.1 percent at 20,116.93 (close) Shanghai - Composite: UP 0.1 percent at 3,400.14 (close) Euro/dollar: UP at $1.0431 from $1.0424 on Thursday Pound/dollar: UP at $1.2589 from $1.2526 Dollar/yen: DOWN at 157.53 yen from 158.00 yen Euro/pound: DOWN at 82.85 pence from 83.19 pence West Texas Intermediate: UP 1.2 percent at $70.42 per barrel Brent North Sea Crude: UP 1.1 percent at $73.62 per barrel burs-rl/rlp
Ex-Colorado footballer Bloom dedicates time to fulfilling wishes for older adultsNEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- The Mexico Equity and Income Fund, Inc. MXE (the "Fund") today announced that the Fund's Board of Directors has declared a year-end cash dividend of $0.2981 per share on its common stock consisting entirely of ordinary income payable on December 31, 2024 to stockholders of record on December 23, 2024. CONTACT: U.S. Bancorp Fund Services, LLC – Noah Davis (414) 516-1696 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Michael Dell’s net worth (and how much he makes as CEO)
