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18:26
FedEx Freight’s first trading day after spinoff ends with shares down
The company's entry into the public market comes at a turbulent time for the trucking industry, which is under significant pressure due to high oil prices triggered by the Iran war. FedEx Freight is set to join the S&P 500 Index, and although this new company has "huge potential" for the future, investors still face many questions, including its profit margin outlook for 2029.
18:09
The market is booming, and European junk-rated companies are scrambling to lower their loan costs.
Restaurant Brands Europe, the operator of Burger King, eye care service provider nexeye, and auto parts manufacturer Parts Holding Europe, are all seeking to reduce the interest rates on their euro-denominated term loans by 25 to 50 basis points. The fertility chain Ivirma also plans to reprice its borrowing—and add a new term loan equivalent to 50 million euros on top of its existing debt; meanwhile, MotoGP Sports is attempting to further lower its current interest rate, which is 275 basis points above the benchmark rate.
18:04
Palladium futures prices rose 1% intraday, currently quoted at $1,396.00 per ounce.
As a member of the precious metals category, the price fluctuations of palladium are usually related to factors such as automotive industry demand, global supply chain changes, and market risk appetite. This intraday upward movement has also attracted the attention of many precious metals investors.
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