Markets

S&P 500 index closes at a record high

S&P 500 index closes at a record high Investors have been reassured by statements from the US Federal Reserve this month that suggest the central bank is prepared to cut interest rates in response to a slowing global economy. During Friday's session, CarMax Inc rose as much as 3.2 percent to a record high after the used-vehicles retailer posted quarterly results above analysts' expectations. [Full Article...]

Friday. 8:36 am: Mitsubishi Motors shareholders approve ouster of Ghosn

Friday. 8:36 am: Mitsubishi Motors shareholders approve ouster of Ghosn Senard told NHK and other media he is grateful that Nissan displayed understanding of Renault's request to have a role in the new committees. Renault, which owns 43 percent of Nissan, had threatened to block the reforms, complaining that it was not being given enough of a say in the new structure. [Full Article...]

KKR-backed Trainline IPO values company at £1.7bn

KKR-backed Trainline IPO values company at £1.7bn An over-allotment option could see the business' owner, private equity fund KKR & Co, release another 41m shares, which would bring the total number of shares in public hands to 312m, or 65% of Trainline's issued share capital. The company said it will use the proceeds of the IPO to raise its profile and tap into the growing demand for e-ticketed travel across Europe. "This is an incredibly exci... [Full Article...]

Hargreaves Lansdown earned £40m in client fees from suspended Woodford fund

Hargreaves Lansdown earned £40m in client fees from suspended Woodford fund Jupiter chief investment officer Stephen Pearson said in a separate statement that the asset manager's United Kingdom portfolio manager Richard Curling "will thoroughly analyse and manage the fund's small and unquoted holdings and, over time, bring this element of the portfolio in line with Ben's strategy". [Full Article...]

Woman Falls Asleep On Flight, Wakes Up In Dark Empty Plane

Tiffani Adams said the incident, documented in detail on Air Canada's Facebook page and now under review by the airline, took place on a June 9 flight from Quebec City to Toronto's Pearson International Airport. While perhaps not as high as Tiffani thought, it is still high enough to put you off trying to hang and drop from and even more so given the fact it was dark. [Full Article...]

US Factory Index Falls to Fresh Nine-Year Low

US Factory Index Falls to Fresh Nine-Year Low The IHS Markit manufacturing Purchasing Managers' Index slipped to 50.1 from 50.5, according to a preliminary report Friday that trailed most estimates in Bloomberg's survey of economists. Europe's biggest economy has grown for nine years but is facing turbulence from trade disputes between the United States and China and the European Union. [Full Article...]

Kia Showcases New Global Compact SUV, Seltos

Kia Showcases New Global Compact SUV, Seltos Kia will be launching four new products over the next two years and each will appeal to different segments. It is worth noting that Kia , just as MG Motor, will be aiming at creating a definitive brand image initially among customers. Kia Motors chose India as a venue for the Seltos' global debut as the new SUV will be Kia's first model in the Indian automobile market. A 6-speed manual ge... [Full Article...]

Gold scales near six-year peak on dovish Fed signals

Gold scales near six-year peak on dovish Fed signals Oil prices rose further Friday but the gains were muted compared to a day earlier when crude futures surged about 4.5 per cent on rising tensions between the United States and Islamic Republic. Bell added that gold is "a smart and defensive way to diversify a portfolio in the later innings of a bull market for which uncertainties have increased". [Full Article...]


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