IlluMyFi

S&P 500 index of major US companies registers near 34% gain on year ago amid expectation of interest rate cuts

A fall in US inflation expected to pave the way for further cuts in interest rates pushed stock markets to record highs on Friday.

Ending a week of gains that began when the Chinese authorities approved a huge economic stimulus package, the S&P 500 index of major US companies soared above 5,750 to register a near 34% gain on a year ago.

Sentiment

Bearish/Bullish

22.10.24 09:00

by theguardian.com

New commission may ban English water companies from making a profit

Defra body, created to overhaul system amid public fury, may force firms to be run for public good rather than shareholder returns

New water regulator must create environmental enforcer that is feared | Nils Pratley

Water companies in England could be banned from making a profit under plans for a complete overhaul of the system.

The idea is one of the options being considered by a new commission set up by the Department for Environment, Food and Rural Affairs (Defra) amid public fury over the way firms have prioritised profit over the environment.

United States of America