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☆ An ancient coin collection worth $72 million is headed to auction after 100 years of secrecy
▼ + stars: | 2024-05-14 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

A legendary Danish coin collection will go up for sale later this year after 100 years. The auction house handling the sale says the collection is worth $72 million. The tycoon who compiled the collection stipulated it could not be sold until 100 years after his death. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOne of the most valuable privately-owned coin collections is headed to auction later this year after spending more than a century shrouded in secrecy.

Persons: —, Lars Emil Bruun Organizations: Service, Business Locations: Danish, Bruun's

☆ Presidential election or not, economists say, the Fed will cut interest rates in the fall if it must
▼ + stars: | 2024-03-17 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Fed officials have said they will begin to cut rates whenever they have “gained enough confidence” that inflation is under control. The Bank of Japan announces its latest interest rate decision. The Reserve Bank of Australia announces its latest interest rate decision. The Federal Reserve announces its latest interest rate decision and releases a fresh set of economic projections, followed by a news conference featuring Chair Jerome Powell. The Bank of England announces its latest interest rate decision.

Persons: Wall Street’s, “, ” Kathy Bostjancic, ”, Jerome Powell, ” Powell, Fed hasn’t, Nathaniel Beck, Elizabeth Warren of, Powell, lambasting, Donald Trump, reappoint Powell, ” Kayla Bruun, David Goldman, Anna Bahney, Cowen, Lennar, Mills Organizations: CNN Business, Bell, Washington CNN, Federal Reserve, Fed, Nationwide, CNN, Elizabeth Warren of Massachusetts, Democratic, Republican, Morning, National Association of Realtors, NAR, Realtors, Toll Brothers, National Association of Home Builders, Bank of Japan, Reserve Bank of Australia, US Commerce Department, Micron Technology, Prudential, Accenture, Nike, FedEx, lululemon, Darden, Academy Sports, Bank of England, US Labor Department, Global Locations: Washington, Wells Fargo

☆ Painting by Denmark’s Queen Margrethe II to go up for auction
▼ + stars: | 2024-01-31 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —A painting by Denmark’s former monarch, Queen Margrethe II, is going up for auction. “You now have the opportunity to acquire a very special – and not least royal – work of art,” said the auction house, which has set an estimate of 75,000–100,000 Danish kroner ($11,000-$15,000). The painting dates from 1988, the year that Margrethe started to exhibit her art officially. Queen Margrethe at an exhibition of her work in January 2012 Keld Navntoft/Scanpix Denmark/AFP/Getty Images“The queen found her inspiration for the painting up for auction in the natural world, expressing it in a lyrical idiom. “We are very much looking forward to offering this work by H.M. Queen Margrethe II, which testifies to her immense passion for and prolificacy within art and creative work,” he added.

Persons: Denmark’s, Queen Margrethe II, Bruun Rasmussen, “, ”, Margrethe, Hans Sølvhøj, Queen Margrethe, Keld, ” Niels Boe, H.M, Boe, Hauggaard, “ Queen Margrethe, Frederik, King Frederik X Organizations: CNN, Getty, Contemporary, CNN’s Royal Locations: Scanpix Denmark, AFP, Denmark, Copenhagen

☆ Price hikes and spending cooled last month, Fed’s preferred inflation gauge shows
▼ + stars: | 2023-11-30 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

The core PCE price index is at its lowest annual rate since April 2021, marking another step toward the Fed’s target of 2% inflation. When including gas and food prices, the overall PCE index was unchanged last month. Consumer expenditures increased 0.2% last month, a marked pullback from the 0.7% jump seen in September. When taking out inflation, however, the 0.2% real spending in October was down only slightly from September’s 0.3% gain. Holiday uncertaintyThe spending patterns last month align with the ongoing trend of people spending their money more on experiences.

Persons: Bharat Ramamurti, Kayla Bruun, Jill Renslow, Bruun, ” Ramamurti, ” Organizations: Minneapolis CNN, The Commerce Department, Federal Reserve, PCE, National Economic Council, CNN, Consumers, Morning, of, National Retail Federation Locations: Minneapolis, of America, Bloomington , Minnesota

☆ US pension plans lose bid to block cum-ex tax fraud case
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

COPENHAGEN, Nov 21 (Reuters) - A group of U.S. pension plans has lost a bid to block Denmark's tax agency from pursuing millions of dollars from them in a "cum-ex" tax fraud case after a judge in a New York district court ruled the trial could proceed. Danish tax agency in 2018 filed civil lawsuits in federal district courts across the United States, accusing more than 100 retirement and pension plans of inflating the size of their Danish stock holdings in order to obtain higher tax refunds. In a bellwether trial in the New York court to help anticipate the results of future similar cases, the judge rejected arguments brought by seven defendants, meaning the Danish tax authority can proceed with its case. The second bellwether defendant group is the Solo group, which includes five U.S.-based pension plans, a lawyer, two trusts and their trustees. The Danish tax agency claims that British hedge fund trader Sanjay Shah masterminded a fraudulent scheme that involved submitting wrongful applications for dividend tax refunds on behalf of investors and companies around the world between 2012 and 2015.

Persons: Sanjay Shah, Shah, Bech, Bruun, Jacob Gronholt, Pedersen, David Evans Organizations: F Man Capital, Thomson Locations: COPENHAGEN, New York, Danish, United States, Denmark, Germany, Belgium, Dubai, London

☆ Worried About Inflation? Move to Alaska, Sell the Car and Become a Vegetarian
▼ + stars: | 2023-11-17 | by ( Tim Smart | ) www.usnews.com time to read: +7 min

The consumer price index for October showed inflation at a 3.2% level, while the producer price index came in with an annual rate of 1.3%. Perhaps the most interesting and relevant facts about inflation are that the overall number means little to the average person. “Although the overall consumer price level was flat in October, shelter inflation continued,” said Danielle Hale, chief economist for Realtor.com. Overall inflation among select urban areas was highest in the Miami to West Palm Beach corridor, up by 7.4% in October. Their inflation rate was 1.1%.

Persons: Jerome Powell, Richard McPhail, Doug McMillon, McMillon, ”, Kayla Bruun, Joe Biden, PublicSquare, Tony Welch, Danielle Hale, Shawn Ashworth, Ashworth, Maxx, Jeff Bezos Organizations: Federal, Walmart, New York Jets, Realtor.com, Berkeley Research, Goods, Auto Locations: U.S, ”, Florida, Miami, West Palm, Anchorage , Alaska

☆ Top strategists at Goldman Sachs' $2.7 trillion asset management arm share why they're optimistic about the economy, all-in on AI, and bullish on these 6 investments in 2024
▼ + stars: | 2023-11-09 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Investors shouldn't expect too many changes in 2024, according to the top investing minds at Goldman Sachs Asset Management (GSAM). GSAM strategists suggested that investors are overlooking the risk that the conflicts cause a sharp slowdown. Higher bond yields usually reflect higher risk since investors demand better compensation for going out on a limb. But it's not just junk bonds that have enticing yields — Wilson-Elizondo said debt for investment-grade firms pays mid-single-digit rates despite boasting robust fundamentals. Sophisticated investors can enhance their returns further with private credit, which Wilson-Elizondo said can offer lofty yields of 11% to 12%.

Persons: they're, Alexandra Wilson, Elizondo, GSAM's, Ashish Shah, Shah, David Rosenberg, Wilson, Michael Bruun, it's, Goldman Sachs, Bruun, " Bruun, — Wilson Organizations: Investors, Goldman Sachs Asset Management, Federal Reserve, Consumers, BSE, Nikkei Locations: GSAM, Israel, Ukraine, India, Japan, China

☆ CNBC Daily Open: August’s CPI report isn’t as bad as it seems
▼ + stars: | 2023-09-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Celal Gunes | Anadolu Agency | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineAt first glance, August's CPI report seems bad news. And gasoline prices have actually retreated 3.3% from a year ago, suggesting that they're still on a downward trend in the long run. Indeed, the annual measure of core CPI still dropped from 4.7% in July to 4.3% in August.

Persons: Celal, we've, Andrew Hunter, Lisa Sturtevant, Sturtevant, Kayla Bruun, " Bruun, Dow, —, Jeff Cox, Greg Iacurci Organizations: Anadolu Agency, Getty, CNBC, CPI, U.S . Bureau of Labor Statistics, Capital Economics, Bright MLS, Morning, Markets, 3M, Caterpillar, Nasdaq Locations: Virginia, Tesla

☆ Here's the inflation breakdown for August 2023, in one chart
▼ + stars: | 2023-09-13 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Anadolu Agency | Anadolu Agency | Getty ImagesInflation rose in August on the back of higher gasoline prices, according to the consumer price index. Gasoline was the largest contributor to inflation in August, accounting for more than half of the increase, according to the BLS. This pared-down measure — known as "core" CPI — fell to an annual rate of 4.3% in August from 4.7% in July. On a monthly basis, core inflation rose slightly, to 0.3% in August from 0.2% in July. The increase in monthly core CPI "is a little bump in the road," said Kayla Bruun, senior economist at Morning Consult.

Persons: Andrew Hunter, Hunter, Kayla Bruun, " Bruun, Greg McBride, Ben Bernanke, Olivier Blanchard, Scott Olson Organizations: Anadolu Agency, Getty, Capital Economics, U.S . Bureau of Labor Statistics, CPI, AAA, BLS, Transportation, U.S . Department, Morning, Bankrate, U.S . Federal Reserve, Peterson Institute for International Economics Locations: Virginia, U.S

☆ Ahead of two key inflation reports, what would a soft landing look like exactly?
▼ + stars: | 2023-08-06 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

But aside from simply skirting a recession, it’s not obvious what the economy would look like in a soft landing. And who even declares that the Fed has officially defied the odds and achieved a soft landing? The main aspect of a soft landing, according to economists, is the absence of a recession, which is determined by the National Bureau of Economic Research (NBER.) In a soft landing, the job market has to remain intact. The other key feature of a soft landing is for the Fed to successfully control inflation, but that’s open to some interpretation.

Persons: we’ve, ”, Kayla Bruun, “, Julia Pollak, ” Pollak, Josh Markman, cooldown, Austan Goolsbee, ” Goolsbee, Raphael Bostic, Michelle Bowman, Patrick Harker, Armour, Ralph Lauren Organizations: CNN Business, Bell, DC CNN, Federal Reserve, Bank of America, Fed, National Bureau of Economic Research, Morning, Atlanta, ZipRecruiter, Labor, Bel Air Investment Advisors, Federal, Federal Reserve Bank of Chicago, Bloomberg, Atlanta Fed, “, Tyson Foods, UPS, Fox, Restaurant Brands, The National Federation of Independent Business, US Commerce Department, China’s National Bureau of Statistics, Disney, US Labor Department, National Statistics, University of Michigan Locations: Washington

☆ Denmark overcome Haiti 2-0 to reach World Cup knockouts
▼ + stars: | 2023-08-01 | by ( Joel Dubber | ) www.reuters.com time to read: +2 min

The result ends a long drought for the Danes, who last advanced to the knockout stage in 1995. After defeating China 6-1, England topped Group D and face Nigeria in Brisbane on Monday, while runners-up Denmark meet Australia in Sydney. "I'm so proud of the girls and of the team that we made it through the group stages, it's been a long time since a Danish team did that in a World Cup," Harder told reporters. Denmark started with a bang and remained undeterred after a third-minute goal by defender Simone Boye was ruled offside by VAR. Haiti end their first World Cup campaign winless from three games.

Persons: Pernille, Luisa Gonzalez PERTH, Pernille Harder, Danes, it's, Harder, Simone Boye, Dayana Pierre, Louis, Signe Bruun, Kerly Theus, Sanne Troelsgaard, I'm, Nicolas Delepine, Joel Dubber, Christian Radnedge Organizations: Soccer Football, FIFA, Haiti, China, England, Australia, Bayern, Thomson Locations: New Zealand, Haiti, Denmark, Perth, Australia, Nigeria, Brisbane, Sydney, Danish, Bayern Munich

☆ Harder 'hungry for more' as Denmark set their sights on Australia
▼ + stars: | 2023-08-01 | by ( Joel Dubber | ) www.reuters.com time to read: +2 min

"It's a long time since we came here, first of all to qualify for a World Cup but now we're also playing the round of 16," the 30-year-old told reporters. "It's big for us and that's why I'm so proud of the whole team but, of course, we're hungry for more." It was a sentiment shared by Harder, a former team mate of Kerr's at Chelsea. The Danes can take heart from the impeccable form of their own captain, who earned her maiden World Cup goal with a 21st minute penalty against Haiti. Denmark forward Signe Bruun fouled Haiti goalkeeper Kerly Theus' outside the box and amidst the chaos substitute Mille Gejl's cross from the right was guided home by Harder.

Persons: Pernille Harder, Luisa Gonzalez PERTH, Denmark's, we're, Lars Sondergaard's, Sam Kerr, Harder, Kerr's, I've, she's, Signe Bruun, Kerly Theus, Mille, Sondergaard, Joel Dubber, Ken Ferris Organizations: Soccer Football, FIFA, REUTERS, Haiti, Olympic, Canada, Australia, Thomson Locations: New Zealand, Haiti, Denmark, Perth, Australia, Sydney, China, Chelsea

☆ Consumers keep spending. That might not be good news for them or the Fed
▼ + stars: | 2023-03-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

And by November and December, those predictions appeared to be materializing, when data showed consumers had pulled back during the holiday shopping season. During a month chock full of suprisingly strong economic data, the Commerce Department’s retail sales and consumer spending reports far surpassed expectations. “It’s not sustainable to keep spending above their means.”Eyes on the FedHearty consumer spending at a time like this is a double-edged sword, said Ted Rossman, senior industry analyst for Bankrate and CreditCards.com. “The resilience of consumer spending is probably the biggest thing that’s pushed this recession timetable out,” Rossman said. The Home Depot (HD) warned of flat sales for 2023 as consumers continue shift spending from goods to services.

That has given some consumers an opening to spend liberally this holiday shopping season. "Despite the pandemic, holiday sales have grown at a historic pace for the 2020 and 2021 holiday seasons," the economists wrote. "This year, with pandemic fears now largely in the rearview mirror, consumers are looking forward to a more typical holiday shopping season." But simple math dictates that consumers are eventually going to run out of ways to spend, they write. Holiday plansBut consumers should hold up well this holiday season, experts say.

În sferturi, Olanda va înfrunta Franţa (la Budapesta), Danemarca va juca împotriva Germaniei, finalista ediţiei trecute (Szekesfehervar), în timp ce Spania, campioana en titre, va primi replica formaţiei Croaţiei (Maribor), iar Portugalia va evolua contra Italiei (Ljubljana). În celălalt meci al grupei, Franţa a dispus de Islanda cu 2-0, prin golurile semnate de Matteo Guendouzi (17) şi Odsonne Edouard (38), transmite Agerpres. Franţa 6 puncte, 3. Croaţia 3 puncte, 3. Elveţia 3 puncte, 4.

Persons: Jacob Bruun Larsen, Anders Dreyer, Carlo Holse, Matteo Guendouzi, Edouard, Diogo Queiros, Francisco, Francisco Conceicao, Miro, Croaţia, deşi, Eberechi, Curtis Jones Organizations: Franţa, Agerpres Locations: Olanda, Germania, Spania, Italia, Budapesta, Danemarca, Germaniei, titre, Maribor, Portugalia, Italiei, Ljubljana ), României, Rusiei, Franţa, Islanda, Elveţia, Angliei, Anglia, Slovenia, Ungaria

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