Author: Lucas

SoftBank Group is returning to the overseas bond market for the second time this year amid an aggressive fundraising push for artificial intelligence, led by its bet on OpenAI. The Japanese technology investment giant is looking to raise about $1.5 billion to $2 billion in the dollar debt market, and about €500 million ($580 million) from euro-denominated notes, according to people familiar with the matter. A spokesperson for SoftBank said the bond deal size hasn’t been finalized, declining to comment further. With a heavy emphasis on new AI investments, SoftBank’s billionaire founder Masayoshi Son has pledged as much as $500…

THE UK’s rate of inflation remained unchanged last month as food prices unexpectedly dropped. The Consumer Price Index (CPI) was 3.8% in the 12 months to September, according to the Office for National Statistics (ONS). Sign up for the First Time Buyer Guide newsletter Thank you! It comes ahead of Chancellor Rachel Reeves’ Autumn Budget next monthCredit: Alamy Inflation – or CPI – is a measure of how much the price of goods and services is rising or falling, and impacts households’ spending power. It remained unchanged in September after the cost of food and non-alcoholic drinks fell for the…

MOSCOW, Oct 21 (Reuters) – Russian company Russneft (RNFT.MM), opens new tab has supplied a first oil cargo to the newly built Kulevi oil refinery in Georgia this month, according to LSEG ship-tracking data and industry sources.Russia and Georgia have had no formal diplomatic ties since 2008, when they fought a brief war over the Moscow-backed breakaway regions of South Ossetia and Abkhazia. Sign up here.However, under the ruling Georgian Dream party, Tbilisi has deepened economic ties with Russia, while relations with Western countries have soured dramatically.According to LSEG and a trader, the tanker Kayseri delivered 105,340 metric tons of…

Poland warned Russian President Vladimir Putin that he would be forced to land and be arrested if he flew through Polish airspace while en route to Budapest to meet with U.S. President Donald Trump.If Putin makes the gamble, Polish authorities will turn him over to the International Criminal Court over alleged war crimes, according to Radosław Sikorski, Poland’s Minister of Foreign Affairs. Last week, President Trump announced a summit in Budapest with Putin “within two weeks or so” after speaking on the phone ahead of Trump’s meeting with Ukrainian President Volodymyr Zelensky to discuss a potential arms exchange involving the…

Olivia Rodrigo to host exclusive concert only for American Express Platinum cardholders in NYC this week Olivia Rodrigo is generating controversy with a newly announced concert that is strictly limited to members of American Express’s Platinum card tier. The pop star has partnered with AMEX to host a special show in New York City this Thursday, yet only cardholders with eligible Platinum accounts will be able to purchase tickets. Tickets for the event must be purchased using an American Express Platinum card, and ahead of that fans were instructed to visit mirrored installations in Soho, the East Village and Williamsburg…

As the federal government shutdown enters its third week, some Americans are worried about the future of the Affordable Care Act (ACA) subsidies.The subsidies, or premium tax credits, help lower or eliminate the out-of-pocket cost of monthly premiums for those who purchase insurance through the health insurance marketplace.They were enhanced during the COVID-19 pandemic and are currently set to expire at the end of 2025.Democrats have been demanding that Republicans pass extensions of the subsidies before the government is reopened, while the GOP says it won’t negotiate until a clean funding bill passes and the government reopens.A recent analysis from…

The low valuation multiples for value stocks provide a margin of safety that growth stocks rarely offer. However, the challenge lies in determining whether these cheap assets are genuinely undervalued or simply on sale due to their potentially deteriorating business models. This distinction between true value and value traps can challenge even the most skilled investors. Luckily for you, we started StockStory to help you uncover exceptional companies. Keeping that in mind, here is one value stock trading at a big discount to its intrinsic value and two best left ignored. Forward P/E Ratio: 12.6x With its iconic canned soup…

What moves the forex market? The forex market is made up of currencies from all over the world, which can make exchange rate predictions difficult as there are many factors that could contribute to price movements. However, like most financial markets, forex is primarily driven by the forces of supply and demand, and it is important to gain an understanding of the influences that drives price fluctuations here. Central banks Supply is controlled by central banks, who can announce measures that will have a significant effect on their currency’s price. Quantitative easing, for instance, involves injecting more money into an…

Royal London Asset Management (RLAM) has teamed up with PortfolioMetrix to launch an offshore government bond fund. The RL Global Government Bond fund is managed by Gareth Hill and Paul Rayner, who also run RLAM’s £1bn UK-based International Government Bond fund. It will invest across global bonds across the UK, US, Japan, Europe, Canada and Australia targeting relative value while exploiting cross-market inefficiencies created by diverging fiscal and monetary policies. It is benchmarked against the JP Morgan GBI Global Hedged USD index. Alex Funk, CIO UK at PortfolioMetrix, commented: “By co-designing with Royal London Asset Management, we turned a real portfolio…

HAMPTON, Va. — National and local transit officials convened at the Hampton Roads Convention Center in Hampton this week for the biennial State of Transit conference, a gathering focused on the future of public transportation across the region.While the mood was optimistic, leaders acknowledged the long road to recovery following the COVID-19 pandemic, which dealt a major blow to transit ridership nationwide.“There’s been a great, great rebound in terms of ridership for transit,” said Paul Skoutelas, President and CEO of the American Public Transportation Association (APTA).Skoutelas noted that nationwide ridership levels are now approaching pre-pandemic numbers, a milestone that signals…