Dollar Tree to Close Nearly 1,000 Family Dollar Stores in 2024: Impact on Dollar Store Stocks
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#c681533a ver:0.09
Once considered a stable investment option, dollar store stocks have been facing significant challenges in recent years. Global Net Lease (GNL) investors have experienced a 22% loss over the past five years, with the stock shedding US$186m in the past week. The share price has dropped 54% over the half-decade and an additional 19% in the last month .
Dollar General (DG) also faced a significant decline in its stock price, falling 24% last month . The drop was attributed to disappointing quarterly earnings. Despite the decline, the company still reported a significant profit and maintains its dividend. Dollar stores, including Dollar General, have historically performed well during recessions, indicating relatively stable long-term prospects. The stock's forward price-to-earnings ratio has...
#newstr #DollarTree #FamilyDollar #FiveBelow #StockMarket #RetailIndustry #Investment
ExxonMobil and Helleniq Energy consider exploration drilling off Crete, while Energy Ministry expresses concerns over Enaon's gas links to Greek islands; E.ON ponders selling its Romanian power and gas supply business
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#ed702c38 ver:0.08
ExxonMobil and Helleniq Energy are at a key moment in deciding whether to conduct exploration drilling off the coast of Crete, Greece. The companies have been evaluating seismic data, which has been encouraging, and ExxonMobil is now identifying targets for drilling. The US company has been in contact with the Greek government and plans to visit Athens in March to inform Prime Minister Kyriakos Mitsotakis about the research evaluation. However, there are concerns about potential reactions and appeals during the environmental permit stage. To address these concerns, Deputy Minister of Energy Alexandra Sdoukou is meeting with ExxonMobil executives to ensure the Greek government's commitment to the program's progress .
Enaon EDA, a subsidiary of the Italgas group, is planning to expand the n...
#newstr #Exxonmobil #HelleniqEnergy #ExplorationDrilling #Crete #EnergyMinistry #EnaonEda #NaturalGasNetwork #GreekIslands #Eon #Romania #PowerSupply #GasSupply #StrategicReview #PotentialSale #Hidroelectrica #Engie #FinancialProfitability #Romgaz
Holi: 6 Key Money Lessons for Investors
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#1f3ad930 ver:0.17
Consolidating your mutual fund portfolio involves aligning it with your financial goals and decluttering unnecessary investments . Having too many mutual fund holdings can complicate portfolio management and increase fees. Imogen Tew, a millennial investor, sought advice on how many funds to invest in . While there is no straightforward answer, experts agree that her current portfolio of 13 funds is too many for her £10,000 pot. Over-diversifying can be detrimental to a portfolio, as it spreads investments too thin and can result in higher fees. The experts suggest aiming for between five and eight funds, using a 'core' and 'satellite' approach. Tew plans to keep her two global tracker funds as the core investments and allocate about 8-10% to each satellite fund. She aims to reduce the all...
#newstr #Holi #MoneyLessons #Investing #Portfolio #Diversification
UConn Huskies and Syracuse Orange Advance in NCAA Basketball Tournament
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#b0bc18e8 ver:0.3
The UConn Huskies emerged victorious in their basketball game against the Stetson Hatters in the NCAA Round of 64 . The game took place on March 22, 2024. The UConn Huskies, currently ranked 2nd in the ASUN D-I conference, faced off against the Stetson Hatters, who are ranked 1st in the BIGE D-I conference .
Unfortunately, the article does not provide specific details about the final score or the leading scorers in the game .
For those interested, the Yahoo Sports website provides live game updates, stats, and play-by-play coverage of the UConn Huskies vs. Stetson Hatters basketball game .
In addition to the game coverage, the article also mentions various merchandise related to the Stetson Hatters, including a Women's Gameday Couture Charcoal Stetson Hatters Victory Lap Leopard Standar...
#newstr #NcaaBasketball #UconnHuskies #SyracuseOrange #MarchMadness
Israeli Government Faces Uncertainty as Netanyahu Warns Likud: Without IDF Draft Bill, Government Will Fall
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#e1d6a30c ver:0.3
Israeli Prime Minister Benjamin Netanyahu has warned his party, Likud, that he will not back down on passing the ultra-Orthodox draft bill. Netanyahu stated that without the bill, the government would not be able to remain in place .
The bill, if passed, would extend the exemption from IDF conscription for haredi (ultra-Orthodox) Jews. The issue has sparked protests by haredi men in cities and Beni Brak, where demonstrators have blocked traffic and the light rail to express their opposition to being included in Israel's military draft. Minister-without-portfolio and National Unity chair Benny Gantz has warned that he would leave the war cabinet if the bill is passed. Opposition leader and Yesh Atid Chair Yair Lapid also criticized Netanyahu, stating that if the draft law passes, Gantz and...
#newstr #BenjaminNetanyahu #Likud #IdfDraftBill #HarediJews #BennyGantz #Protests #YairLapid
Building a Second Income Through a Stocks and Shares ISA: How to Compound £12,500 into a £8,084 Annual Income
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#1a8eab7d ver:0.38
Investing in a Stocks and Shares ISA can be a strategy to build a second income. By buying and holding quality dividend-paying enterprises, investors can receive tax-free extra income or reinvestment capital. Reinvesting dividends received in the short term can accelerate compounding. Investing £20k a year at 10% for three decades would lead to a portfolio worth £3.8m, generating an income stream of £226,100 a year.
LondonMetric Property Plc (LSE:LMP) is a good stock to consider for building an income portfolio. However, investing in stocks carries risk.
According to an article from Motley Fool UK by Dr. James Fox, the writer discusses how they would aim to compound £12,500 in cash into a £8,084 annual second income. The writer suggests investing the money in a Stocks and Shares ISA, whi...
#newstr #Investment #SecondIncome #Stocks #Dividends #Portfolio #GigacloudTechnology
Tokyo Conference 2024 and International Printmaking Conference: Promoting Multilateral Cooperation and Celebrating the Arts
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#c585d0f1 ver:0.06
The Tokyo Conference 2024 aims to tackle global challenges through multilateral cooperation. It will be held in Tokyo from March 13-15, 2024. The conference is organized by Genron NPO and supported by The Yomiuri Shimbun. The gathering will include Marshall Islands President Hilda Heine, former Cabinet ministers, and leaders from international organizations. The conference will focus on compiling proposals for peace and progress, with a special emphasis on presenting these recommendations to the Japanese and Italian governments. It will also reaffirm Japan's commitment to Ukraine's reconstruction, with initiatives such as visa facilitation and a $98 million aid package for mine clearance and revitalization of the energy and transport sectors. The conference represents the power of collecti...
#newstr #TokyoConference2024 #InternationalPrintmakingConference #MultilateralCooperation #GlobalChallenges #Peace #Ukraine'sReconstruction #Providence #Printmaking #Arts #Conference
The Impact of Elections on Indian Markets: Historical Trends and Investor Insights
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#561db42a ver:0.25
Elections play a pivotal role in shaping the economic and political landscape of any democratic nation. The outcome of elections can lead to shifts in government, political ideologies, and subsequent changes in policies, financial priorities, and regulations, impacting various industries and the market as a whole. The market performance between 2009-2014 following the 14th Lok Sabha elections showed that a coalition government resulted in underperformance, while a majority government led to significant market growth. The market's anticipation of the upcoming general election can be seen in the market reaction to favorable state election results, reflecting confidence in potential economic and policy continuity. Exit polls serve as compasses in the political labyrinth, offering stakeholders...
#newstr #Elections #Markets #Government #Policies #Investors
Danske Bank AM Forms Climate and Nature Team, BNP Paribas AM Launches Net Zero Equity Fund
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#bc8fa832 ver:0.16
Danske Bank Asset Management (AM) has recently formed a dedicated climate and nature team to provide guidance and assistance to its investment teams in making decisions related to nature and biodiversity . The team, led by Mads Steinmüller, aims to integrate considerations of climate change, nature conservation, and sustainable practices into the investment process . By incorporating these factors, Danske Bank AM seeks to align its investment strategies with the goals of addressing climate change and preserving nature .
The establishment of the climate and nature team reflects the growing recognition of the importance of nature in sustainable investing. Nature-related risks and opportunities are increasingly being acknowledged by the financial industry, with initiatives such as the Taskfo...
#newstr #DanskeBankAssetManagement #ClimateAndNatureTeam #SustainableInvesting #TaskforceOnNaturerelatedFinancialDisclosures #AmpWealthManagement #GlobalClimateFund #BnpParibasAssetManagement #NetZeroEquityFund #SustainableInvestment #Decarbonization #GreenhouseGasEmissions #SustainableFinance #Charity #ÉlectriciensSansFrontières #Ngo
Top Stories on HERE.news in this hour...https://imagedelivery.net/665GHToRzycMVwZ9VsJNfA/af488cbe-3c2f-4067-cfe9-94017f1a9500/screenshot
India's GDP (PPP) Gains Outpace Germany and Britain: Report
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#820763b7 ver:0.28
India's economy continues to outperform countries like Germany and Britain in terms of GDP (PPP) gains, according to a report by the Delhi-based nonprofit Social Policy Research Foundation (SPRF) . As of 2024, India's GDP (PPP) is 3.6 times that of the UK, 2.1 times that of Japan, and 2.5 times that of Germany . The report highlights that India's share of GDP (PPP) as a percentage of the global GDP at PPP has been increasing, while that of the US, Japan, Russia, and other countries has decreased . This indicates India's growing economic significance on the global stage .
India's strong economic performance is further supported by recent data. The Indian economy grew by 8.4% in the third quarter of 2023-24, driven by double-digit growth in the manufacturing sector and a good growth rat...
#newstr #India #Gdp #Ppp #EconomicGrowth #ManufacturingSector #ConstructionSector
Pakistani Rupee Strengthens Against US Dollar as Stock Exchange Opens on Positive Note
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#38b6d8d0 ver:0.21
Pakistan faced an economic crisis in 2023 as the Pakistani rupee hit an all-time low and the country's foreign reserves dropped to $3.1 billion. In May 2023, inflation reached 38.0% YoY, leading to a free flour scheme and a deadly stampede at a food distribution center. However, there have been recent positive developments in the Pakistani economy.
The Pakistani rupee has continued its upward trend against the US dollar in the interbank market, appreciating by 29 paisas and trading at Rs297.55 on Tuesday. This marks the rupee's consistent gains against the dollar since Monday. The recent recovery can be attributed to the UAE and China's decision to roll out a $2 billion debt for Pakistan. Pakistan received a total of $4 billion in loan safe deposit from China, with the $2 billion loan bei...
#newstr #PakistaniRupee #UsDollar #PakistanStockExchange
US Dollar Index Continues to Rise as Fed Keeps Rates Unchanged
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#b3a188f7 ver:0.62
The US dollar index has extended its gains for the second consecutive week, currently trading around 104.385. The Federal Reserve has decided to keep interest rates unchanged, aligning with market expectations of three rate cuts this year. However, the Swiss National Bank surprised the markets with a 25 basis points rate cut. Meanwhile, the Bank of England has held rates steady but hinted at the possibility of future rate cuts. In the US, unemployment benefits have declined by 2,000 to 21,000, indicating a healthy labor market. Manufacturing activity in Philadelphia has slipped to 3.2, while flash manufacturing data came in above expectations. However, services PMI declined to 51.7. The probability of a 25 basis points rate cut in June has increased to 67.2%. US 10-year yields have decline...
#newstr #UsDollar #FederalReserve #InterestRates #SwissNationalBank #BankOfEngland #UnemploymentBenefits #ManufacturingActivity #GermanData #CanadianDollar
Gold Prices Rise on Hopes for Fed Rate Cut in June
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#025720c3 ver:1.15
Gold prices reached a record high of $2,222 per ounce before stabilizing around $2,203 per ounce. The US stock market indices rose to record highs after the Federal Reserve indicated it is likely to implement rate cuts. The S&P 500 index jumped 0.9% to 5,224.62 points, the Dow Jones Industrial Average rose 1% to 39,512.13 points, and the Nasdaq Composite Index rose 1.3% to 16,369.41 points. The fear in Wall Street markets was that the US Federal Reserve might cut the number of expected rate cuts due to higher-than-expected inflation. However, Federal Reserve Chairman Jerome Powell stated that inflation is moving down gradually and expects a rate cut sometime this year. The Federal Reserve officials updated their expectations for US economic growth this year and may keep the main interest r...
#newstr #Gold #FederalReserve #InterestRates #Economy
Gold Prices Rise, but Remain Below Record Highs as Dollar Strength Persists
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#7e88eaf8 ver:0.34
Gold prices slipped on Friday as the dollar strengthened, but were still on track for a weekly gain after rallying to a record high in the previous session. Spot gold was down 0.9% at $2,160.63 per ounce as of 2:13 p.m. EDT (1813 GMT), and was up 0.2% for the week. US gold futures settled 1.1% lower at $2,160. The dollar hit its highest level in more than a month, making gold more expensive for other currency holders. Traders are now pricing in a 76% probability of a US rate cut in June, up from 65% before the rate decision. Lower interest rates reduce the opportunity cost of holding non-yielding gold. Investment flows into gold hit their highest level in almost a year in the week to Wednesday, according to Bank of America Global Research. Spot silver fell 0.6% to $24.62 per ounce, platinu...
#newstr #GoldPrices #DollarStrength #PreciousMetals #CopperPrices
The Need for Political Stability and Economic Growth in Northern Ireland
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#c61ac242 ver:0.05
The Northern Ireland economy is facing a series of challenges in 2024. Low productivity, a squeezed public purse, and the absence of an Executive are among the key issues. The declining working-age population has made recruitment difficult for businesses, while the public sector is grappling with budget constraints . These challenges highlight the need for a more informed debate around economics and finances in Northern Ireland. To foster a successful and thriving economy, all sectors must collaborate and be transparent about what is achievable, sustainable, and affordable .
A recent opinion piece by Stephen Lynch in The Irish News emphasizes the need for Stormont to end stop-start government and prioritize economic growth . The new leadership team of Michelle O’Neill and Emma Little-Peng...
#newstr #NorthernIreland #Economy #Investment #PoliticalStability
European Shares Poised for Mixed Opening After Recent Gains
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#097e234a ver:0.42
European shares are expected to open on a mixed note on Monday, following the performance of U.S. stocks on Friday. Some investors believe that the stock market is due for a mild decline after a strong rally in recent sessions. The dollar remained steady in Asia, while Treasury yields showed little change after declining last week. Oil futures rose due to tight supply, and gold edged higher. Chinese investors are increasingly investing in gold, with the country's central bank pushing its gold reserves to a record level. However, Swedish startup Renewcell, which launched a new material made from recycled textiles in 2022, recently filed for bankruptcy as not enough brands committed to buying its material. A security sweep in a refugee camp in northeast Syria uncovered weapons, Islamic State...
#newstr #EuropeanShares #UsStocks #Dollar #TreasuryYields #OilFutures #Gold #ChineseInvestors #Bankruptcy #SecuritySweep #IslamicState #RefugeeCamps #VladimirPutin #RussianSecurityServices #IsraeliForces #GazaStrip #Ukraine #ChinaEvergrande #EnergyIndustry #ArtificialIntelligence #ElonMusk
Hong Kong Stocks Rise Led by Meituan and Baidu, Short Selling Turnover Decreases
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#133aea61 ver:0.54
Hong Kong stocks began Monday's trading session slightly higher as traders prepared for the release of key US data later in the week. The Hang Seng Index added 0.20 percent, or 32.48 points, to reach 16,531.95 at the opening. Meanwhile, the Shanghai Composite Index dipped 0.25 percent, or 7.53 points, to 3,040.50, and the Shenzhen Composite Index fell 0.30 percent, or 5.40 points, to 1,776.89.
In the morning session, the Hong Kong stock market continued to advance. The Hang Seng Index rose 79 points or 0.5% to 16,578 at the half-day mark. The Hang Seng China Enterprises Index (HSCEI) increased 40 points or 0.7% to 5,798, while the Hang Seng Tech Index (HSTECH) elevated 9 points or 0.3% to 3,465. The turnover for the half-day totaled $61.975 billion.
Meituan-W (03690.HK) saw a significant...
#newstr #HongKong #Stocks #Trading #Meituan #Baidu #ShortSelling
North Dakota's Legacy Fund Invests Significantly In-State
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#5902fb03 ver:0.09
The University of Michigan's endowment, which oversees $17.9 billion in assets, has reduced its investments in venture capital and private equity by over 40% in the fiscal year ending in June 2023. In the 2022 fiscal year, the endowment committed $1 billion to private funds, but that amount decreased to $580 million in the current year. Additionally, the university severed relationships with nine private fund managers in the 2023 fiscal year. Despite the reduction, approximately 40.9% of the endowment's portfolio is still invested in venture capital and private equity. The adjustments reflect the competitive fundraising market and the appeal of other asset classes due to rising interest rates. The University of Michigan reported a one-year annualized investment return of 0.7% for its priva...
#newstr #EndowmentFunds #Investment #ResearchFunding #UniversityOfMichigan #Japan #CornellUniversity #Yale #TexasUniversities #ElonMusk #NorthDakotaLegacyFund
Stock Market Analysis and Recommendations: Siddhartha Khemka of Motilal Oswal Provides Insights on Stocks to Buy Today
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#b828a372 ver:0.06
According to market analysts Siddhartha Khemka and Chandan Taparia of Motilal Oswal, the Indian stock market is expected to open on a flat note today . This is due to modest gains in US Future, cooling down in oil prices, and reduced geopolitical tension in the gulf region . The Nifty has immediate support at 19442 and resistance at 19650, while the Bank Nifty has support at 43500 and resistance at 44044 .
Khemka and Taparia have recommended buying Persistent at a CMP (Current Market Price) of Rs 5907 with a stop-loss at Rs 5750 and a target of Rs 6200 . They have also provided an analysis of Paytm's financial performance and growth prospects .
Ruchit Jain of 5paisa has recommended buying Sun Pharmaceutical Industries and FSN E-Commerce Ventures (Nykaa) on Tuesday . Sun Pharmaceutical In...
#newstr #StockMarket #Recommendations #SunPharmaceuticalIndustries #FsnEcommerceVentures #Nykaa