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Signet (SIG) Increases Despite Market Slip: Here's What You Need to Know
Top 20 of US stock turnover on September 27: Musk says Chinese automakers are the most competitive in the world
U. S. stocks closed mixed on Monday. The rise in US bond yields has put pressure on large technology stocks. Investors continue to pay attention to the possibility of a shutdown of the US federal government. The president of the New York Fed says bond purchases may have to be scaled back soon. The president of the Chicago Fed is expected to raise interest rates for the first time in 2023. The Dow rose 71.37 points, or 0.21%, to 34869.37; the Nasdaq fell 77.73 points, or 0.52%, to 14969.97; and the Standard & Poor's 500 Index fell 12.37 points, or 0.28%, to 4443.11. The yield on the 10-year Treasury note broke through the 1.5% mark on Monday, a record high in June.
The price of natural gas in the United States has soared to a seven-year high. Expert: the rising trend will double.
The original title: natural gas prices in the United States have soared to a seven-year high, experts: the rally will also double the price of natural gas on the New York Mercantile Exchange (NYMEX), which jumped again on Monday, hitting a seven-year high of $5.289 per million British thermal units since 2014. Natural gas prices have risen 117.6% so far this year, and the largest natural gas ETF in the United States is United States Natural Gas Fund (UNG), up 88.6% during that period. The price impact of other major natural gas markets in the world is greater, and the benchmark natural gas in East Asia
The UAE plans to spend 6.5 billion US dollars to encourage residents to work in private companies and give up the government's “golden job”
The UAE, a powerful country in the Middle East, announced on Sunday that it will provide a package of benefits and subsidies totaling up to 24 billion dirhams (about 6.5 billion US dollars) to encourage residents to work in the private sector and reduce the unemployment rate, which has risen sharply due to the pandemic. Like many Middle Eastern oil producers, in the UAE, a government job is the first choice for job seekers. Many college graduates have declined employment from private companies and waited for government positions with better pay, benefits, and working hours. Currently, millions of foreigners from all over the world fill most of the positions in the private sector. The measures announced by the UAE government on Sunday include every employee in the private sector
Citi strategists are bearish on US stocks and Aoyama won't relax: investors should prepare for a decline
Citigroup's chief US equity strategist is still adhering to one of Wall Street's most bearish stock market forecasts. Tobias Levkovich admits he made a “major” mistake, but he still stands by his prediction: the S&P 500 index will close at 4,000 points this year and reach 4,350 points in June next year. Both of these points were below Tuesday's closing (4522.68 points). Reasons supporting Levkovich's cautious view include overvaluation and planned tax increases (which would hurt corporate profits). The expected price-earnings ratio of the S&P 500 index reached 21 times, close to the highest level since the dot-com bubble era.
Tobacco giant enters healthcare industry Fimo International buys British pharmaceutical manufacturer for $1.5 billion
Philip Morris International (“Fimo International” for short) announced that it has agreed to acquire British inhalation drug manufacturer Vectura Group for 1.05 billion pounds (about 1.5 billion US dollars). This is the tobacco giant's biggest foray into the healthcare industry so far. Earlier this month, the company agreed to buy nicotine gum manufacturer Fertin Pharma for around $820 million. As more people quit smoking and focus on a healthier lifestyle, Fimo International has been working to expand its non-tobacco products. The company helped pioneer a wider range of with its IQOS heated tobacco equipment