Author: Lucas

US airline travellers at various airports voiced frustration with the government as flight delays and cancellations due to staffing shortages caused by the government shutdown continue.The Federal Aviation Administration announced last week that it would begin mandating flight reductions nationwide, citing staffing shortages and operational strain. The FAA says the cutbacks could rise to as much as 10% by 14 November.US senators on Sunday passed a deal that paves the way for ending the government shutdown. Source link

India has scaled back purchases of Russian crude for arrival in December, showing that Western sanctions and trade talks with the US are having a major impact on buying patterns. Five big Indian refiners haven’t placed any orders for Russia oil for next month, according to people familiar with the matter, who asked not to be named due the sensitivity of the trade. Typically, deals for crude for the following month are done by the 10th of the current month. Source link

A real estate investment group has acquired a prime industrial property in West Yorkshire as part of its expanding national portfolio.Banwait Group Holdings’ Real Estate Investment Group (REIG) completed the purchase of a modern industrial unit in Birstall as part of its growing commercial property assets.The building, located near IKEA and major transport routes, is currently let to premium storage and furniture brand Sliderobes.AdvertisementAdvertisementAdvertisementAdvertisementHarpreet Banwait, chief executive of Banwait Group Holdings, said: “This acquisition reflects our continued belief in resilient, income-generating commercial real estate in prime regional locations.”We are fast approaching £100 million in assets under ownership within REIG –…

Silver – XAG/USD (Daily Chart) – Prices continues to hold firmly above its 20 and 50-day moving average, reinforcing the broader uptrend and acting as a key support zones. The immediate hurdles now appear around $52.25 and $53, where sellers previously regained control. A clean break above these levels could reignite bullish momentum toward the recent highs, while rejection may keep prices oscillating in a short-term consolidation pattern. Silver is no longer just a precious metal, it’s becoming a strategic asset at the crossroads of clean tech, trade realignment, and monetary uncertainty. Its addition to the U.S. list may prove…

Stock price breaks below key barriergettyTrump Media stock (DJT) has declined significantly in November to below $15. Why is that important? Because $15 is a major barrier. It was the low point in the April tariff selloff. Here is the graph of the stock’s action with explanations…The history of DJT and key eventsJohn Tobey (StockCharts.com)Following that drop, it had a one-month rebound to around $25. Then it sold off again to around $15 in August. For three months it traded around that level, attempting to create a foundation for a new rise. Therefore, the current drop below $15 could be…

Shares of PI Industries Ltd. slipped nearly 5% on Wednesday, November 12, after the company reported a weak September-quarter performance marked by double-digit declines in revenue and profit, though margins remained steady.The company posted a consolidated net profit of ₹409 crore for the quarter, down 19.4% year-on-year from ₹508.2 crore.Revenue fell 15.7% to ₹1,872.3 crore from ₹2,221 crore in the same quarter last year. EBITDA also declined 13.8% year-on-year to ₹541.3 crore. However, operating margins improved slightly to 28.9% from 28.3% a year ago.Despite the year-on-year weakness, the company’s performance was ahead of CNBC-TV18’s poll estimates, which had estimated a…

China is on the edge of an economic crisis, but its government is struggling to convince its young people to help fix its problems. One major issue China is facing is that its recent graduates are no longer spending as they used to, due to fears of running out of money.This has been connected to a number of issues faced by China’s younger generations, including youth unemployment figures hovering at 20%, fears that those with jobs may lose them and an ongoing property crisis making home ownership seemingly unreachable, especially in China’s big cities. As a result, social media is…

Other investors in this transaction include UniSuper and Partners CapitalThe deal is expected to close in the first half of 2026An investor consortium led by Macquarie Asset Management has agreed to acquire Potters Industries, a Malvern, Pennsylvania-based provider of engineered glass beads and microspheres utilized in road infrastructure and other specialized industrial applications. The seller is TJC.No financial terms were disclosed.Other investors in this transaction include UniSuper and Partners Capital.On the transaction, Andrew Olinick, a senior managing director at Macquarie Asset Management, said in a statement, “We believe Potters is well-positioned to benefit from long-term sector tailwinds associated with road…

In volatile markets, perspective is everything. Drawing on the quirks of snooker, Edward Kennedy, Head of Marlborough’s Personal Portfolio Service, shares his thoughts with us on how investors and advisers can avoid the pitfalls of overreacting to short-term gains or losses, and why framing investment outcomes within a broader context is essential for long-term success. I used to dabble in snooker. “Dabble” is an entirely appropriate term, because I wasn’t exactly World Championship material. Squinting through the sort of gigantic specs that Dennis Taylor made famous back in the 1980s, I was less than renowned for my accuracy. Thankfully, a…

“Traders are increasingly positioning for a rate cut before year-end,” said one market strategist at a London-based brokerage. “Any dovish shift from the Fed tends to reduce the opportunity cost of holding non-yielding assets like gold.” Silver mirrored gold’s cautious tone, slipping modestly as investors sought clarity on monetary policy. Despite its industrial use, silver’s dual role as both a safe-haven and growth-linked asset has made it sensitive to shifts in interest rate expectations. The rally in precious metals lost traction after the US dollar rebounded from a two-week low. The move came as investors welcomed progress on the government…