Markets
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China’s Caixin manufacturing PMI returns to expansion in May
A private gauge of China’s factory activity bounced back to expansionary territory in May, the first improvement in the health of the manufacturing sector since February. The China Caixin manufacturing purchasing managers index rose to 50.9 in May from 49.5 in April, according to data released Thursday by Caixin Media Co. and S&P Global. ……
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Gold down a third straight session on dollar strength, despite U.S. debt-ceiling impasse
Gold futures tallied a third consecutive session decline on Wednesday, settling at their lowest in nearly a week as further strength in the U.S. dollar pressured prices for the precious metal. Gold gave up early gains that had been driven by uncertainty surrounding a U.S. debt-ceiling deal in Congress. Price action Market drivers “It… Source
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Ron DeSantis will launch presidential bid during Twitter chat with Elon Musk
Florida Gov. Ron DeSantis will announce his presidential bid during a discussion with Twitter owner Elon Musk, a spokesperson for DeSantis’s political team confirmed. NBC News first reported the pending announcement. Musk and DeSantis, a Republican, will appear in an event on Twitter Spaces, the site’s platform for audio chats, on Wednesday at 6 p.m.…
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BERY Stock Price | Berry Global Group Inc. Stock Quote (U.S.: NYSE)
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Citi to pursue IPO of Banamex business, resume ‘modest level’ of stock repurchases
Citigroup Inc. announced Wednesday that it decided to pursue an initial public offering (IPO) of its “Banamex” consumer, small business and middle-market banking operations in Mexico. The banking giant said the business will keep its name Banco Nacional de México (Banamex) after the IPO, which is expected to take place in 2025. The IPO will……
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I’m drowning in debt: Why can’t I be on somebody’s list who is giving money away?
Got a question about the mechanics of investing, how it fits into your overall financial plan and what strategies can help you make the most out of your money? You can write to me at [email protected]. Dear Fix My Portfolio, I recently read the article you wrote about a person who had $5 million+ and…
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PTC Stock Price | PTC Inc. Stock Quote (U.S.: Nasdaq)
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Debt-ceiling deal seals end to student-debt moratorium — a nearly $400-per-month shock to budgets
It was probably going to happen anyway, but the debt-ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy spells the end of the moratorium on student-debt repayment. The White House had extended that moratorium until two months after the Supreme Court’s expected ruling on the Biden administration’s $400 billion loan-forgiveness plan —…
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Ryan Serhant on real estate: Bedrooms and home offices rank over price per square foot
Risk of a banking-sector collapse, wobbly stock investments and forever changes to where and how people work after the global pandemic revealed the upside of flexible jobs are just some of the drivers impacting high-end real estate — in fact, housing markets broadly. On top of that, the inventory of listings remains historically lean, forcing…
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Dow ends lower as debt-ceiling deal goes to Congress
U.S. stocks ended mixed Tuesday, as investors weighed news of a debt ceiling deal that needs to quickly pass in Congress, technology stock gains driven by the promise of artificial intelligence software, and the ongoing question of whether more interest rate hikes are coming from the Federal Reserve. How stocks traded On Friday, the Dow…