The prolonged crash on national stock markets is taking a significant toll on the State Investment Council’s private equity investment program, pushing overall returns down by nearly 7% over the past year, according to the latest quarterly report from the SIC’s private equity advisement firm Mercer. The losses reflect devaluation of publicly traded companies in […]
PAYNESVILLE, Liberia, Dec 17 (Reuters) – More than a thousand people joined a demonstration in a suburb of Liberia’s capital on Saturday, protesting over economic hardships and President George Weah’s prolonged absence from the country. Large protests have taken place sporadically during Weah’s five years in office, but anger over his government’s management of the […]
An historic downtown Terre Haute building will soon become a business hub for West Central Indiana. Work is slated to start Feb. 1 on transforming the first two floors of the former Hulman and Co. building at Ninth Street and Wabash Avenue into a one-stop business hub. It’s part of the Wabash River Regional Development […]
The Federal Reserve and the stock market are butting heads over the central bank’s efforts to fight inflation. Stocks capped a steep two-day sell-off on Friday, wiping out gains from a rally earlier in the week driven by hopeful economic news. Inflation as measured by the consumer price index had fallen for the fifth straight […]
ROME, Dec 17 (Reuters) – The prospect of subsequent hikes in interest rates by the European Central Bank is worrying for highly indebted countries like Italy, the economy minister said on Saturday, following an ECB decision to raise its benchmark rate by 50 basis points. “We have benefitted as a country for several years of […]
TORONTO – Investor hopes for a “Santa Claus rally” this December were dampened yet again Friday, as broad-based declines capped a week of losses on North American markets. The S&P/TSX composite index closed down 157.35 points at 19,443.28, for its second straight weekly loss. Canada’s largest stock index is down five […]
JP Morgan Asset Management has announced an expansion of its US-listed ‘BetaBuilders’ suite of low-cost, core portfolio ETFs with the addition of three fixed income funds. JP Morgan’s ‘BetaBuilders’ ETFs provide low-cost, core portfolio exposures. The funds, which will provide USD aggregate, investment-grade corporate, and high yield corporate bond exposures, will be created in February […]
SALT LAKE CITY — At least two Salt Lake City bakeries will close within the next month, citing economic concerns. The Big O Doughnuts, a gourmet vegan doughnut shop, plans to close Jan. 15. Owner Ally Curzon blamed inflation, saying she’d need to charge $10 per doughnut for the business to work. A box of […]
New York CNN — The good vibes on Wall Street are fading fast: US stocks tumbled yet again on Friday afternoon as investors come to grips with a souring economy. The Dow fell 450 points, or 1.4%. The S&P 500 was down 1.5%, and the Nasdaq Composite was 1.3% lower. CNN Business’ Fear and Greed […]
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