Break news

In a significant move in the financial sector, UK-based investment firm Hargreaves Lansdown has confirmed it has accepted a £5.4 billion ($6.9 billion) buyout offer from a consortium led by CVC Group. The deal, announced Friday by its Bristol headquarters, also involves stakes in Abu Dhabi’s sovereign wealth fund and Nordic Capital, marking the proposal as final. Under the terms of the deal, Hargreaves Lansdown shareholders will receive 1,110p per share plus a further 30p per share as a dividend. Following the announcement, the company's shares rose 2.2% in morning trading. The development comes after an earlier £4.7bn offer from…

During a recent press conference at his Mar-a-Lago estate, former President Donald Trump apparently confused former San Francisco Mayor Willie Brown with former California Governor Jerry Brown. Trump spoke about an alleged helicopter crash involving Willie Brown, which he described as a near-fatal event, during discussions about Vice President Kamala Harris's former association with Willie Brown and his influence on her career path. Trump said: "We were on a helicopter heading to a location when we had to make an emergency landing. It was pretty heartbreaking and Willie seemed pretty concerned." He added: "I got to know him pretty well…

Launched in the summer of 2023 by the Biden administration, Student Aid Valuation Effort (SAVE) has been hailed as the most accessible and generous student loan repayment strategy to date. It offers unprecedented low monthly payments and faster loan forgiveness for qualified small balance holders. The program has faced legal scrutiny, however. Several Republican-led states have filed lawsuits against the U.S. Department of Education, arguing that the department exceeded its authority with the SAVE plan. These legal challenges arose in the wake of a June 2023 Supreme Court decision that blocked a more comprehensive debt relief strategy proposed by the…

In a week of significant market fluctuations, European stocks closed higher on Friday, while global markets struggled to recover from a substantial decline. The Pan-European STOXX 600 index rose 0.57% to close at 499.18, an improvement from last week's reading, which had seen a sharp decline at the start of the week. In terms of sector performance, technology stocks posted a slight decline, down 0.22%, while healthcare stocks rose 1.77%, showing robust growth. The global market landscape has been marked by considerable volatility this week as stocks attempt to recover from the sharp decline seen on Monday. In the United…

On Thursday, Ukrainian drones attacked a key military air base in Russia’s Lipetsk region, located about 300 kilometers from the border with Ukraine. The aggressive maneuver is part of Kiev’s sustained offensive efforts and has caused significant disruption at the site. The Ukrainian General Staff reported via a Telegram post that the strike targeted the Lipetsk airport, hitting warehouses and various facilities in the vicinity of the airport. This led to multiple ignitions and a substantial fire, along with several explosions. The Lipetsk base is known to host Su-34, Su-35 and MiG-31 aircraft. After the attack, Lipetsk Governor Igor Artamonov…

Asia-Pacific stock markets were mixed on Thursday as major US stock indices fell on reflection of fresh trade data from Japan and an upcoming interest rate decision by the Reserve Bank of India. The U.S. stock market witnessed declines on Wednesday with the Dow Jones Industrial Average down 0.60%, the S&P 500 down 0.77% and the Nasdaq Composite down 1.05% despite early gains. This shift came as Nvidia, among other major technology companies, saw a downturn. Earlier in the week, global financial markets had already faced pressure from an interest rate hike by the Bank of Japan, the highest since…

The momentum in U.S. Treasury yields faded on Thursday, as global stocks cooled and expectations for upcoming economic indicators increased. The 10-year Treasury note yield fell 4.8 basis points to 3.92% early Thursday morning. This marked a slight recovery from the lowest point since June 2023, seen earlier in the week. Meanwhile, the 2-year Treasury note also fell, falling about 4 basis points to 3.959%. The inverse relationship between yields and bond prices continues, with a single basis point representing a 0.01% change. Global stock markets appeared to be lingering in a cautious state, following a broad-based decline earlier in…

In response to a recent Ukrainian military action near its border, Russia has evacuated more than 3,000 citizens and declared a state of emergency in the Kursk region starting in early August 2024. The Russian Defense Ministry has released footage showing a retaliatory missile strike targeting Ukrainian military assets nearby. Local officials said the evacuation followed a significant military engagement initiated by Ukraine, marking a major escalation in the region. The ongoing operations in Kursk have caused heavy losses for Ukraine, including 660 soldiers and several armored units, according to a statement from the Russian Defense Ministry on Thursday. The…

Stock futures were up on Tuesday evening, signaling a recovery after Wall Street's recent three-day slide was halted. S&P 500 futures rose 0.6%, with Nasdaq 100 futures up 0.9%. Meanwhile, Dow Jones Industrial Average futures rose 215 points, or about 0.55%. Post-market trading saw a significant decline in Super Microcomputer shares, which fell more than 13% despite beating fiscal fourth-quarter earnings expectations. In contrast, Airbnb shares fell 16% due to disappointing performance in its second-quarter financial results. During regular trading hours on Tuesday, major indexes pared a series of losses, each with notable gains. The S&P 500 and Nasdaq Composite…

At their joint inaugural rally in Philadelphia, Vice President Kamala Harris, now a presidential candidate, and her chosen candidate, Minnesota Gov. Tim Walz, addressed a large crowd. Walz expressed his excitement about their partnership to more than 12,000 attendees, according to Harris' campaign team. "It's a privilege to join this dynamic slate," he noted, bringing a wave of excitement to the gathering. In her speech, Harris emphasized her search for a vice president who embodies a vision of a hopeful future, ultimately choosing Governor Walz for his leadership qualities and Minnesota roots. Despite his initial obscurity on the national stage,…