November 2024 – Page 20 – Best Day Investing

Phillips 66 indicted for violating Clean Water Act

(Reuters) – A grand jury has indicted Phillips 66 (NYSE:PSX) for illegally discharging hundreds of thousands of gallons of industrial wastewater into Los Angeles County’s sewer system, and failing to…

November 21, 2024

Stock

Citron Research discloses short position in bitcoin buyer MicroStrategy

(Reuters) – Citron Research has taken a short position in MicroStrategy, the company said in a post on social media platform X on Thursday. Shares of the largest corporate holder…

November 21, 2024

Economy

Fed’s Goolsbee says pace of rate cuts may need to slow

By Ann Saphir (Reuters) – Chicago Federal Reserve President Austan Goolsbee on Thursday reiterated his support for further interest rate cuts and his openness to doing them more slowly, remarks…

November 21, 2024

Economy

ECB warns of ‘sizeable’ hit to growth from a trade war

AMSTERDAM/NICOSIA (Reuters) – Global economic output would suffer a “sizeable” loss if trade became more fragmented and an immediate boost to inflation would only fade over a few years, the…

November 21, 2024

Economy

US 30-year fixed-rate mortgage approaches 7%

WASHINGTON (Reuters) – U.S. mortgage rates increased to a four-month high this week, which together with higher home prices could sideline potential buyers from the housing market in the near…

November 21, 2024

Economy

New York Fed says bank reserves abundant as of mid-November

By Michael S. Derby NEW YORK (Reuters) – New data from the New York Federal Reserve suggests the U.S. central bank isn’t facing any roadblocks to continuing forward with its…

November 21, 2024

Economy

Column-America’s $7 trillion cash stash isn’t going anywhere: McGeever

By Jamie McGeever ORLANDO, Florida (Reuters) – A record-high $7 trillion of cash is currently sitting “on the sidelines” in money market funds (MMFs). Anyone hoping to see a significant…

November 21, 2024

Economy

France eyes unpaid extra hours amid budget constraints

Investing.com – France is facing a budget crisis. To address this, lawmakers are considering a proposal to make French workers work an extra seven hours without pay. This would generate additional…

November 21, 2024

Economy

Spain’s lower house approves tax package with three-year bank levy

MADRID (Reuters) – Spanish lawmakers approved on Thursday the government’s new tax plans, which include an extension of a temporary levy on banks by three years and ensure that taxes…

November 21, 2024

Stock

US Treasury targets Russia’s Gazprombank with new sanctions

By Timothy Gardner and Daphne Psaledakis WASHINGTON (Reuters) – The U.S. imposed fresh sanctions on Russia’s Gazprombank on Thursday, the Treasury Department said, wielding its most powerful sanctioning tool against…

November 21, 2024