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By Najat Kantouar Vodafone Group has reiterated its full-year guidance as it reported a much lower pretax profit for the first half of fiscal 2024, reflecting adverse foreign-exchange rate movements and business disposals in the prior year. The U.K. telecommunications company said Tuesday that it expects to report underlying earnings before interest, taxes, depreciation, amortization and lease expenses of 13.3 billion euros ($14.23 billion) for the year ending March 31 compared with EUR14.7 billion in fiscal 2023. Adjusted free cash is seen at around EUR3.3 billion, from EUR4.84 billion. Pretax profit for the six months ended Sept. 30 was EUR550…

Property taxes are levied by cities, counties, and school districts on the properties within their boundaries and they’re used by these organizations to provide services. All these levies are added together to calculate property taxes and work out the total tax rate, known as a mill rate, for a region. This rate is then multiplied by the assessed value of a property so people with more valuable properties pay more. Millions of homeowners pay property taxes every year. Key Takeaways Cities, counties, and school districts in a region have the power to levy taxes against the properties within their boundaries. Property…

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. Crypto World explores what can be expected from Ethereum’s next big upgrade, the Shanghai update. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi  » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader…

Could the inflation nightmare soon be over? Across the oecd club of mostly rich countries, consumer-price inflation has fallen from a peak of 10.7% in October 2022 to 6.2%. Wage growth is slowing, too. Investors are hopeful that, before long, more progress will be made, allowing central bankers to cut interest rates. They may be getting ahead of themselves. Last year The Economist calculated a measure of “inflation entrenchment”. It showed that the disease, symptoms of which first appeared in America, was starting to infect the entire rich world. We have repeated the analysis, focusing on five measures: core inflation,…

The largest Bitcoin trust in the world, the Grayscale Bitcoin Trust (GBTC) has been closing ranks around its premium over the last year. After hitting an all-time low of -48.89% in December 2022, the gap has been effectively closed to the point that it has reached a two-year high. GBTC Premium Sitting At -10.35% The GBTC premium to NAV is the difference in how much a Bitcoin is priced in the Bitcoin trust compared to how much the cryptocurrency is trading on the open market. When the figure is positive (high), it means there is a lot of demand for…

Lee Rowley has got his job back as housing minister after previously holding the role in Liz Truss’s ill-fated government. The MP for North East Derbyshire was last housing minister between September and October 2022. There was a lengthy delay after it was announced that the previous housing minister Rachel Maclean was sacked earlier today, as other ministers reportedly turned down the role. Maclean held the role between February and November, a relatively long stint compared to other recent incumbents. Before he became an MP Rowley worked in financial services and management consultancy, holding positions at Barclays, KPMG, Santander UK,…

U.S. stocks rebounded strongly Friday, perking back up a day after the S&P 500’s longest win streak in two years was snapped. The Dow Jones Industrial Average DJIA, +1.15% closed about 391 points higher Friday, or 1.2%, ending near 34,283, according to preliminary FactSet data. The S&P 500 index SPX, +1.56% gained 1.6%, while the Nasdaq Composite Index COMP, +2.05% advanced 2.1%. Stocks rallied as the 10-year Treasury yield TMUBMUSD10Y, 4.630% pulled back to 4.627% as of 3 p.m. Eastern, but still booked a weekly advance. The rally in stocks came a day after Federal Reserve Chairman Jerome Powell threw…

SIMPLE IRA vs. Traditional IRA: An Overview A traditional IRA can be set up by any person who has earned income and wants a tax-advantaged way to save for retirement. A SIMPLE IRA is designed to be opened by a small business owner on behalf of up to 100 employees, including the owner if that person is a sole proprietor. Only the owner of a traditional IRA makes contributions to the account. Both the employee and the employer make contributions to a SIMPLE IRA, which stands for Savings Incentive Match Plan for Employees. Key Takeaways Traditional IRAs are set up…

#youtube #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com U.S. stocks closed Friday’s trading session sharply higher as investors digested the Labor Department’s closely watched April jobs report, which showed the U.S. labor market remains strong but that growth is moderating. That gave investors hope that the Fed may pause its interest rate hikes at its meeting next month. The economic data caps off a busy week for investors, which saw the Federal Reserve once again raise interest rates by another 0.25% as key earnings from…

AscentXmedia It’s been some time since we covered Norsk Hydro (OTCQX:NHYDY). The company remains an impressive specimen in terms of its low cost assets and durable competitive advantages. The issues are the undermining of the CO2 compensation schemes in Norway, despite a labour government, and just the general pressure on construction and automotive markets, although China overperforms on EVs. Overall, with some positive EV and automotive increments, we think the next 6 months could promise something better for Norsk Hydro on an operating basis, but we take issue with the current multiple and still worry about cyclical exposures. Q3 Breakdown…