Danish police close investigation into Old Stock Exchange fire
  • November 12, 2024

Danish police close investigation into Old Stock Exchange fire

Danish police said Tuesday that they were closing the investigation into the devastating fire that destroyed more than half of Copenhagen’s Old Stock Exchange, saying nothing points at the blaze being the result of a criminal act. Despite extensive forensic investigations, review of surveillance and the questioning of a large number of witnesses, “it is not possible to determine the cause of the fire in the historic stock exchange building," said Brian Belling, the Copenhagen police officer in charge of the investigation. “Our assessment is that we have explored all relevant investigative possibilities in the case,” Belling told a press conference, adding that no one has been charged in the case.

Wall Street bonuses will rise for the first time since 2021, consultant says
  • November 12, 2024

Wall Street bonuses will rise for the first time since 2021, consultant says

Wall Street firms are expected to pay heftier bonuses for this year, the first increase since a bumper year in 2021, according to a report by compensation consultancy Johnson Associates. Payouts will probably rise after financiers benefited from several factors in recent months: a recovery in dealmaking, the Federal Reserve cutting interest rates and equity markets surging to record highs, said the consultancy's founder, Alan Johnson. While bonuses will be more generous, they will remain below the record levels from 2021, when revenue and compensation were "abnormally good," Johnson said.

Is it Too Late to Buy RTX (NYSE:RTX) Stock?
  • November 12, 2024

Is it Too Late to Buy RTX (NYSE:RTX) Stock?

It’s no secret that the stock market can experience significant volatility, moving sharply either up or down. These swings can quickly impact analysts’ ratings for a stock; within months, weeks, or even days, a “Buy” recommendation might shift to a “Hold” and vice versa. RTX Corporation (RTX), a leading aerospace and defense contractor, exemplifies this market volatility, having rallied 49% so far in 2024. Even if a stock starts from a point of substantial undervaluation, as I believe was the ca

There’s an Opportunity Brewing in These 2 Construction Stocks, Says UBS
  • November 12, 2024

There’s an Opportunity Brewing in These 2 Construction Stocks, Says UBS

The election is behind us, and we’re looking ahead. A new Trump Administration will take office in January, and a few things are starting to become clearer. On the economy, Trump has already expressed a preference for raising tariffs – especially on Chinese goods – while also reducing income taxes and promoting a deregulation regime. These policies will push in multiple directions, so it may take some time to see exactly where things will go. Most likely, neither the best nor worst cases will co

Chinese stocks, yuan fall as Trump's cabinet picks add to woes
  • November 12, 2024

Chinese stocks, yuan fall as Trump's cabinet picks add to woes

(Bloomberg) -- Chinese stocks and the yuan slumped as fears of worsening Sino-American tensions further undermined investor confidence after a slew of disappointing economic developments. Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationThe Hang Seng China Enterprises Index tumbl

Citi Sees Post-Election Stock Rally Stalling on Profit Taking
  • November 12, 2024

Citi Sees Post-Election Stock Rally Stalling on Profit Taking

(Bloomberg) -- The post-election rally in US stocks could run out of steam as investors start to take profits, according to strategists at Citigroup Inc.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationInvestors added to bullish bets last week, pushing exposure to the S&P 500 to