Gary Mayor Eddie Melton issued a joint statement with two Pennsylvania mayors regarding the United Steelworkers position on the proposed acquisition of U.S. Steel.
The US Dollar Index surged to 108.541, its highest since November 10, 2022, driven by the Fed's hawkish stance and strong US GDP data. It eased to 107.82 on Friday, down 0.55%, but gained 0.82% for the week. Ten-year US yields hit a high of 4.59%, closing at 4.53%, up 3% weekly, while two-year yields peaked at 4.37% before settling at 4.31%, a 2% weekly gain.
As we are at the fag end of 2024, a look back at the performance of PSU stocks shows BSE PSU index delivering nearly 29% in the last one year. This is higher than the 11% returns by the BSE Sensex in the same period. In this, top 10 stocks have given returns between 139% and 48% this year. Here's the list:
Heres a reminder of how easy it is to set up a 529 college savings plan for a child or grandchild, and why you should encourage gifts to the plan for birthdays and special events.
Base metal prices are shaped by global economic trends and industry-specific factors, with China's economic conditions playing a pivotal role. As the largest consumer and producer, China significantly influences global pricing dynamics.
Venture Global, a major US LNG producer, has filed for an IPO, aiming to raise about $3 billion on the NYSE. The company, with two Louisiana plants, competes with industry giants like Cheniere and Sempra. Founders will retain majority voting power after the offering. Revenues reached $3.45 billion in the first nine months of this year.
Amid overall weak market sentiments, 22 smallcap stocks stood out by delivering impressive double-digit returns. Leading the pack was Fairchem Organics with a remarkable 49% gain, followed by Tanfac Industries at 28%, and Vakrangee and Five-Star Business, both posting 18% returns.
