Getty Images Israel has launched more than 1,000 air strikes on Lebanon over the past two days Israel’s leaders are jubilant about the progress of the offensive against Hezbollah that started with the detonation of weaponised pagers and radios and moved on to intense and deadly airstrikes. Defence Minister Yoav Gallant did not hold back … Read more
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A Russian military patrol aircraft violated Japanese airspace near Hokkaido’s Rebun Island on three separate occasions on Monday, prompting Japan’s Self-Defense Force to dispatch aircraft in an emergency response and to fire flares. RUSSIAN AIRCRAFT DETECTED, MONITORED FLYING THROUGH AIR ZONE CLOSE TO U.S.: NORAD It is the first time Japan’s SDF aircraft has fired … Read more
The competition among ETF issuers to find a new way to squeeze the most income out of stock portfolios expanded again on Tuesday, with a new fund from Pacer that aims to deliver amplified dividends. The firm launched the Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (QSIX) , a sister fund to the US Large … Read more
Sri Lanka’s new president has dissolved parliament to make way for a snap general election. Anura Kumara Dissanayake dissolved the 225-member parliament in which his left-leaning National People’s Power (NPP) alliance had just three seats. The election will take place on 14 November, almost a year ahead of schedule, according to a notification in the … Read more
Some Wall Street analysts and money managers see a path to monetization ahead for Apple ‘s latest artificial intelligence features despite some near-term rollout headwinds. Earlier this month, the technology behemoth debuted its iPhone 16 , incorporating its new AI features known as Apple Intelligence. Last week, the company rolled out its latest iOS 18 … Read more
Investors bought into the interest rate cut. Equity inflows last week were the largest they had been in roughly two years, according to Jill Carey Hall, equity and quant strategist at Bank of America Securities. The Wall Street bank reported its clients snapped up $6.9 billion worth in stocks, the highest level going back to … Read more
U.S. Steel CEO David Burritt on Tuesday defended the company’s planned sale to Japan’s Nippon Steel, expressing confidence that the deal will “close on its merits” despite President Joe Biden’s vocal opposition. “We strongly believe the deal closes on its merits,” Burritt said in an interview on CNBC’s “Money Movers.” “It strengthens national security, it … Read more
The sun sets beyond crude oil storage tanks at the Juaymah tank farm at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Bloomberg | Bloomberg | Getty Images Global benchmark Brent crude falling below $70 a barrel in early September — its lowest in … Read more
With China’s central bank revealing its most aggressive stimulus since the pandemic, the Shanghai Stock Exchange Composite Inde x ripped higher by more than 4%. Not surprisingly, the news has given a jolt to the most liquid Chinese ETF today, as well. The iShares China Large Cap ETF (FXI) has been trading even higher than that … Read more