By Jonathan Stempel (Reuters) – A real estate brokerage owned by Warren Buffett’s Berkshire Hathaway (NYSE:) said on Friday it reached a $250 million settlement of nationwide antitrust litigation that is expected to change how real estate agents are paid. HomeServices of America, the largest U.S. real estate brokerage, was the last remaining defendant in a case against the National Association of Realtors (NAR) and four brokerages. Its settlement would eliminate the risk of a much higher payout, after a jury in Kansas City, Missouri in October sided with home sellers who accused the indust ..read more

Thyssenkrupp shares rise as group sells stake in steel unit to Křetínský's EPCG Source link The post Thyssenkrupp shares rise as group sells stake in steel unit to Křetínský's EPCG first appeared on Forex Trader Hub ..read more

By Anton Bridge TOKYO (Reuters) -Nomura Holdings, Japan’s biggest brokerage and investment bank, reported on Friday a 670% jump in quarterly net profit compared to a year earlier as its retail and investment banking income rose to their highest levels in eight years. January-March net profit was 56.8 billion yen ($363.87 million) compared to 7.3 billion yen a year earlier when worries about a global banking crisis engulfed global markets and hit Nomura’s investment banking business. The results show Nomura’s continued recovery after it was forced to slash its profit targets last May after ..read more

While screening for high-momentum stocks, one counter that came on the radar is Chaman Metallics Limited. It is a lesser-known company that manufactures and sells sponge iron in India and has a market capitalization of INR 226 crore. One good thing here is, that promotors hold a 73.6% stake in the company, very close to the maximum limit of 75%, and more importantly all of it is unpledged. Because it is not a well-known company, we need to go through ProTips to dig useful information. It says – the stock is trading at low earnings multiple, profitable over the last 12 months, and liquid asse ..read more

By Scott Murdoch and Melanie Burton (Reuters) -BHP Group shares fell 4% on Friday in the first day of trading of its Australian-listed stock since revealing a $38.8 billion bid for smaller rival Anglo American (JO:) in a deal that would forge the world’s largest miner. BHP said it would offer 25.08 pounds ($31.39) per Anglo share, a premium of 31% from the stock’s previous close before the bid was made public on Thursday. Anglo shares rose 16.1% to 25.60 pounds in London trading on Thursday. BHP’s shares fell as much 4.5% in early trading on Friday. The stock did not trade on Thursday as t ..read more

EUR/USD whipped on Thursday after mixed US data plagued markets. US GDP slowed faster than expected, but PCE inflation measures warn of still-high prices. US PCE Price Index figures due during Friday’s US market session. EUR/USD whipsawed somewhat on Thursday, and the pair is heading into Friday’s early session near 1.0730 after a back-and-forth session and complicated US data that vexed rate cut hopes. US Gross Domestic Product (GDP) eased more than expected on Thursday, with annualized Q1 growth slowing to 1.6% compared to the previous 3.4%, and well below the forecast 2.5%. Easing growt ..read more

Caroline Crenshaw, one of five commissioners of the United States Securities and Exchange Commission (SEC), could be leaving the financial regulator after roughly four years. As of April 25, President Joe Biden’s administration will have 41 days to decide whether to nominate someone to replace Crenshaw before her term ends on June 5. The commissioner was nominated by former President Donald Trump in 2020 to fill a seat left vacant by former SEC commissioner Rob Jackson but may continue to serve until the end of 2025 if no replacement is found. During her time at the SEC, Crenshaw, a Democrat ..read more

NEW YORK – Rogers Corporation (NYSE: NYSE:) reported a miss on both earnings and revenue for the first quarter of 2024, as the company navigates through varying market conditions. The company’s adjusted earnings per share (EPS) of $0.58 fell short of the analyst estimate of $0.75, while revenue reached $213.4 million, also below the consensus estimate of $220 million. Despite the shortfall, Rogers’ President and CEO, Colin Gouveia, expressed optimism about the improving demand seen in the first quarter, particularly in aerospace and defense sales. Gouveia also noted positive trends in the ..read more

By Pete Schroeder WASHINGTON (Reuters) -A top US bank regulator opted not to consider new policies that would have imposed stricter oversight on asset managers with sizeable investments in banks like Blackrock (NYSE:) and Vanguard, even as agency officials agreed the matter merited more attention. The Federal Deposit Insurance Corporation postponed votes on two competing plans that would have given the agency more power to scrutinize asset managers after it was clear neither had the majority backing of the five-member board. Officials said they planned to refine the proposals and continue ..read more

Investing.com – Saudi Arabia stocks were lower after the close on Thursday, as losses in the , and sectors led shares lower. At the close in Saudi Arabia, the lost 0.82% to hit a new 1-month low. The best performers of the session on the were Fawaz Abdulaziz AlHokair Company (TADAWUL:), which rose 6.39% or 0.68 points to trade at 11.32 at the close. Meanwhile, Etihad Atheeb Telecommunication (TADAWUL:) added 5.57% or 6.60 points to end at 125.00 and Saudi Cable Company (TADAWUL:) was up 5.35% or 3.80 points to 74.80 in late trade. The worst performers of the session were Al Sagr Co-operative ..read more