MARKETS - Page 30

In a surprising move, the Bill and Melinda Gates Foundation, led by the renowned philanthropist Bill Gates, has recently made a significant investment in the parent company of Bud Light, one of the world’s leading beer brands. The foundation has purchased $95 million worth of stock in Anheuser-Busch InBev, the multinational beverage and brewing conglomerate. This unexpected investment has raised eyebrows and sparked discussions about the foundation’s investment strategy and the potential impact on both the social and financial sectors.

The who’s who of Big Tech is lining up to invest in what could be one of the year’s most extensive initial public offerings. On Tuesday, British chip designer Arm Holdings Ltd launched the roadshow for its blockbuster IPO, which is expected to value at as much as $52 billion in this year’s biggest share sale. Arm kicked off its roadshow in Baltimore, where influential asset manager T Rowe Price is headquartered. The fund manager is known for critical investments

The world’s biggest investment bank, Goldman Sachs, cut its probability that a US recession would start in the next 12 months to 15% from an earlier 20% forecast, citing continued positive inflation and labor market data. The firm’s chief economist, Jan Hatzius, noted that the bank expected reacceleration in real disposable income next year due to continued solid job growth and rising real wages, while the drag from monetary policy tightening should fade by early 2024. This is the second

Lenders are holding onto large piles of cash as insurance against a slowing economy, continuing deposit outflows, and looming more rigid liquidity rules that could particularly impact mid-sized banks. The buildup is another example of a risk-averse approach from a sector still trying to regain its footing after a string of springtime bank failures, which could result in restrained lending. Since March, the Federal Reserve’s aggressive rate hikes have eroded the value of longer-term assets on bank balance sheets, making

The Japanese seafood industry is vital to the country’s economy and global trade, contributing to domestic consumption and exports. As a result, the disruption of its supply chain can cause significant economic damage. This is especially true for companies that rely on China-bound exports, which account for more than half of sales for 727 Japanese seafood firms surveyed by market research firm Teikoku Databank. They include fishermen and companies involved in processing and selling seafood, such as restaurants. If Japan’s

Global shares rose on Monday, lifted by a growing expectation that the Federal Reserve will not raise interest rates anymore and by hopes that China’s steady drip feed of policy stimulus might stabilize the economy. The benchmark Shanghai Composite index rose 2.1 percent, leading gains across Asia. At the same time, a holiday in the United States, they have kept a lid on activity ahead of critical readings on U.S. services and Chinese trade and inflation later this week. Investors

Top U.S. Senate Republican Mitch McConnell has been medically cleared to continue with his schedule, the attending physician to Congress said on Thursday. The news came one day after the 81-year-old froze up at an event in his home state of Kentucky. The incident had raised fresh questions about the health of the longest-serving party leader in Senate history, who had similarly frozen up a month earlier during a press conference at the U.S. Capitol. McConnell’s office has dismissed the

All eyes will be on Friday’s critical non-farm payroll data before the opening bell on Wall Street. Economists expect the U.S. added a monthly total of around 170,000 jobs in August and the unemployment rate to hold steady at 3.8%. If the figures are weak, investors will likely increase bets that the Federal Reserve will pause interest-rate hikes. The probability that the Fed’s policy-setting committee will keep rates unchanged at its September meeting jumped to 88% this morning, according to

The Chinese government moved to boost the country’s faltering economy on Friday, with top banks paving the way for further cuts in lending rates and sources saying Beijing plans further action, including relaxing home-purchase restrictions. The measures cheered investors, who have been worried about a slowdown in the world’s second-biggest economy and a property crisis that has rattled global markets and put China’s 5% growth target at risk. China’s central bank cut the funds institutions need to hold in foreign

Tesla, the trailblazing electric vehicle manufacturer, continues to set new standards in the automotive industry with its latest offering, the Model 3 Highland. While this cutting-edge electric sedan is yet to debut in the United States, Tesla has chosen Norway, a global leader in (EV) electric vehicle adoption, as the stage for its grand premiere. Norway has long been a hotbed for electric vehicle enthusiasts and environmental advocates. With a robust charging infrastructure, generous incentives, and a solid commitment to