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The 3.2% Return This Week Takes Pacific Securities' (SHSE:601099) Shareholders One-year Gains to 23%
Passive investing in index funds can generate returns that roughly match the overall market. But one can do better than that by picking better than average stocks (as part of a diversified portfolio)
Pimco warns of a surge in non-performing commercial property loans, signaling another wave of bank bankruptcies in the United States.
Bond giant Pacific Investment Management Company (Pimco) global real estate director John Murray warned that the "highly" concentrated bad commercial real estate loans in the United States will lead to another wave of bank bankruptcies. "The real crisis wave is just beginning," Murray said in an interview on Monday. Since interest rates soared two years ago, commercial real estate has been under scrutiny because people are increasingly suspicious of whether real estate owners have the ability to refinance their debts. Against the backdrop of rising borrowing costs and declining demand, the industry's default rates have risen, especially in the office sector,
Wall Street expects the Bank of Canada to further cut interest rates, causing the Canadian dollar to weaken.
Wall Street is preparing for a series of interest rate cuts from the Bank of Canada as the loonie weakens. Previously, the Bank of Canada became the first central bank in this round of the Group of Seven (G7) to ease monetary policy. After the Bank of Canada lowered its benchmark lending rate by 25 basis points to 4.75% on Wednesday, the Canadian dollar fell to its lowest level against the U.S. dollar since May 23, at 1.3741 CAD/USD. As of 1 p.m. in Ottawa, the benchmark Canadian two-year bond yield fell more than 10 basis points to 3.95%, widening the gap with the U.S. Treasury yield.
Analyst: CPI data may not have prompted the Federal Reserve to cut interest rates in September
The April inflation data released by the US on Wednesday cooled down more than expected, making US stock market traders seem increasingly convinced that the Federal Reserve may start cutting interest rates as early as September. However, some analysts are unsure about the prospects of cutting interest rates soon. The US Department of Labor Statistics (BLS) reported on Wednesday that the US Consumer Price Index (CPI) rose 0.3% month-on-month in April compared to March, slightly lower than the 0.4% increase estimated by the market. Weaker-than-expected CPI data drove the US stock market to a record high on Wednesday and sparked speculation about how long the Federal Reserve is preparing to start cutting interest rates. According to CME's US Federal Reserve Watch Tool
Buffett's PacifiCorp now faces $30 billion fire claim
Pacific Power Company (PacifCorp), a subsidiary of Berkshire Hathaway Inc. (Berkshire Hathaway Inc.), is currently facing a $30 billion claim from victims of the 2020 Labor Day wildfires in Oregon, which has escalated the legal crackdown faced by the largest power grid operator in the western United States. Although the amount of compensation sought in an amended lawsuit filed on Monday is about 2.5 times the actual value of PPC, it is also much higher than the amount of compensation PPC may face based on claims that have been settled so far. Taiping
Pacific (601099.SH): Net profit of 348.317 million yuan in the first quarter decreased by 76.61% year-on-year
On April 27, Ge Longhui (601099.SH) released its report for the first quarter of 2024, achieving operating income of 278 million yuan, a year-on-year decrease of 40.47%; net profit attributable to shareholders of listed companies of 348.317 million yuan, a year-on-year decrease of 76.61%; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss of 336.786 million yuan, a year-on-year decrease of 77.47%; and basic earnings per share.
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