Author: iannouncethis.com

The Labour Party would ban Section 21 evictions after the Conservative Party has dragged its feet on the issue throughout this parliament, deputy leader Angela Rayner has vowed. The Renters’ Reform Bill is currently in limbo reportedly due to pushback from Tory backbenchers, despite eliminating ‘no-fault’ evictions was a Conservative manifesto pledge. Now Rayner said Labour was ready to “[finish] the job by banning ‘no fault’ evictions”. The party would create the biggest increase in affordable housing “in a generation” if it gets elected, Rayner said, while she promised to take a tough approach on developers who don’t comply with…

Key Takeaways The Dow Jones gained 197 points after Fed officials suggested the recent rise in Treasury yields could lessen the need for further rate hikes to curb inflation.Oil prices rose amid concerns conflict in the Middle East could disrupt supply, and that pushed shares of oil industry stocks higher, with Chevron leading gains for the index.Walt Disney Company shares climbed following reports of an activist investor’s play for board seats. After initially falling to start the session, the Dow Jones Industrial Average rebounded in afternoon trading to gain about 200 points, or 0.6% after Federal Reserve officials suggested the…

#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com U.S. stocks closed higher Tuesday as the S&P 500 (^GSPC) advanced 0.23%, the Nasdaq Composite (^IXIC) gained 0.36%, and the Dow Jones Industrial Average (^DJI) ticked up above the flatline. The S&P 500 flirted with a bull market as regional banks dominated the list of best-performing stocks in the index, driven by Zions Bancorporation (ZION) and Comerica Incorporated (CMA), with shares rising 4% and 6%, respectively. Shares of semiconductor companies including Advanced Micro Devices, Inc. (AMD)…

On the morning of October 9th the National Bureau of Economic Research circulated a working paper to economists around the world entitled “Why Women Won”. In the paper, Claudia Goldin of Harvard University documents how women achieved equal rights in American workplaces and families. Rather fittingly, a few hours later, Ms Goldin was announced as the winner of this year’s economics Nobel prize for advancing “our understanding of women’s labour-market outcomes”.Having been the first woman to be granted tenure at Harvard’s economics department, Ms Goldin is now the third woman to have won the subject’s Nobel prize. Taken together, her…

An ex-BlackRock manager has predicted that the US could soon approve Bitcoin ETFs, or Exchange Traded Funds. Once approved, financial institutions will have a clearer picture of how they can invest in Bitcoin. Moreover, it will provide a well-structured and regulated avenue for investors. The ex-BlackRock manager believes that the approval could bring about a significant turning point for the crypto industry. Approval of the Bitcoin ETF is estimated to open an investment worth $17.7 trillion. While the approval is good and shows a positive side, such a huge investment demonstrates the confidence of holders and the growing acceptance of…

A developer has spoken out about the crisis facing Birmingham – suggesting the council could negotiate sale and leaseback deals to manage its debts and gentrify areas. Ravi Pankhania, managing director of the property developer Nacropolis Group, urged Birmingham City Council to build closer ties with developers as a means of paying off its debts. Birmingham City Council has gotten into a financial mess due to £760 million of equal pay claims, after it emerged that women at the council were underpaid for years compared their male counterparts. Pankhania reckoned a good solution is for the council to sell some…

Exchange traded funds, better known by the acronym ETFs, are a good way to gain exposure to several individual stocks without taking positions in any one of them on an individual basis. Unlike mutual funds, ETFs trade throughout the day, just like the underlying stock holdings. So, while investing in an ETF is a good way to get broad exposure to stocks, bonds, or commodities without taking on specific risk, calculating performance may be a bit tricky.  Key Takeaways Exchange-traded funds (ETFs) hold a portfolio of stocks, much like a mutual fund, but trade throughout the day on stock exchanges.Despite this…

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Oil spikes Crude oil and gold futures bumped higher in response to the Hamas attack on Israel, which caused over 700 Israeli deaths so far and the abduction of several Israeli citizens and soldiers. More than 400 Palestinians have been killed in retaliatory Israeli strikes on the Gaza Strip. WTI November crude oil (CL1:COM) rose to as high as $87.39/bbl on Sunday, while the December Brent crude (CO1:COM) climbed to $89.15 /bbl. December Comex gold (XAUUSD:CUR) rose more than 1%. Bigger picture: Analysts generally expect a “knee-jerk surge” in crude prices but limited gains thereafter, provided the conflict does not…

David Scott, the head of Exxon Mobil Co.’s shale oil and gas production business, was arrested in Texas and faces a charge of sexual assault. According to public records from the Montgomery County, Texas, Sheriff’s Office, Scott, 49, was arrested Thursday afternoon on second-degree felony sexual-assault charges. According to the records, he was released on $30,000 bond. Police records show he was arrested at a La Quinta Inn & Suites hotel in Magnolia, Texas, near Exxon’s headquarters in Spring, Texas, just north of Houston. No further details of the incident were made clear. According to his LinkedIn profile, Scott is…