By Nell Mackenzie
September 16, 202412:13 AM PDT
LONDON, Sept 16 (Reuters) – Banks, insurance and trading firms returned to favour as hedge funds last week snapped up these company stocks at the fastest pace since June 2023, a Goldman Sachs (GS.N) note showed.
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Ben King Reporter, BBC News
The owner of the Guardian has confirmed it is in talks to sell the Observer, the world’s oldest Sunday newspaper, to Tortoise Media.
Tortoise has approached Guardian Media Group (GMG) with an offer to invest around £25m over the next five years on the “editorial and commercial renewal” of the Observer.
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The 30-year fixed-mortgage rate is at its lowest since spring 2023, amid rising expectations that the Federal Reserve will trim interest rates.
By Scott Sowers
September 12, 2024 at 12:00 p.m. EDT
Mortgage rates fell on Thursday to their lowest level since April 2023 — 6.2 percentfor a 30-year fixed-rate mortgage, down from 6.35 percent a week before, according to Freddie Mac.
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Sep 17, 2024, 11:08 AM PDTShareSave
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USA TODAY
What states have the best and worst tippers? And what foods were the most popular at quick-service restaurants across the U.S. and which states saw price increases?
Toast, a digital platform built for restaurants, provided some insights in its latest Quarter 2 2024 Restaurant Trends Report.
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By Cam Hui
Last Updated: Sept. 17, 2024 at 7:36 p.m. ET
First Published: Sept. 17, 2024 at 9:25 a.m. ET
Photo: Getty Images
Now that gold prices GC000.16% are reaching new highs, is there still a buying opportunity — or is this a bull trap?
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Sep 16th 2024
The longed-for moment is almost here. For two and a half years, ever since America’s Federal Reserve embarked on its fastest series of interest-rate rises since the 1980s, investors have been desperate for any hint of when it would reverse course. Now it would be a huge surprise if Jerome Powell, the central bank’s chair, did not announce the first such reduction after its rate-setting committee meets on September 18th. Indeed, among traders, the debate is no longer “whether” but “how much”. Market pricing implies roughly a 40% chance that officials will cut their policy rate, currently between 5.25% and 5.5%, by 0.25 percentage points, and a 60% chance that they will instead opt for 0.5.
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20 Dividend Paying Stocks That Benefit From a Fed Rate Cut
By Al Root
Sept 18, 2024, 1:00 am EDT
Shares of banking giant JP Morgan Chase should get some help from falling interest rates. (Leon Neal/Getty Images)
The Federal Reserve is widely expected to cut short-term interest rates on Wednesday. Rates coming down should be a tailwind for dividend-paying stocks.
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Banks holding customer funds for money management apps should keep track of customers’ identities and balances, the agency says.
Listen to this article · 3:02 min Learn more
Sept. 17, 2024
When a banking software company collapsed this spring, thousands of people keeping cash in online money management apps found themselves cut off from their own money for months. On Tuesday, the Federal Deposit Insurance Corporation proposed new rules designed to prevent that from happening again.
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ILLUSTRATION: Rachel Mendelson/WSJ, Getty (2), Bloomberg
Updated Sept. 17, 2024 11:21 pm ET
The Federal Reserve is set to cut borrowing costs at its two-day meeting that ends Wednesday. The goal: preserve a solid job market now that price pressures have cooled.
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