Latest news with #P500
GMA Network
3 days ago
- GMA Network
P500K worth of missing jewelry in NAIA found
A female passenger who lost P500,000 worth of jewelry at the Ninoy Aquino International Airport (NAIA) Terminal 3 was able to recover the missing items. In a social media post, passenger Kimberly Nakamura said her jewelry box containing wedding rings, a diamond necklace, and earrings went missing at NAIA during her flight to Singapore on June 28. She reached out to Cebu Pacific, the Changi Airport in Singapore, and NAIA 3, but no items were found. After posting on Facebook, a Cebu Pacific agent informed Nakamura that the jewelry box was seen at Gate 104 at NAIA 3. Upon reviewing CCTV footage, Nakamura said more than 10 airport personnel were seen handling the jewelry box from June 28 to June 29. 'This marked the beginning of a series of mishandlings that led to the disappearance of both rings. From a simple lost and found case, it became theft,' Nakamura said. On July 8, Nakamura said her jewelry box, containing only the earrings and necklace, was recovered by the Airport Police Department. 'The staff member who surrendered the item later confessed to taking it home for personal use. She stated there were no rings inside when she found the jewelry box,' Nakamura recounted. Her husband's ring was returned on July 13 after she earlier warned the involved personnel that she will press charges for gross negligence and qualified theft. The following day, Nakamura said she received an anonymous text message saying her ring was hidden under a table at Gate 104. 'We recovered everything po. My diamond necklace and two platinum wedding rings with diamond stones. But my husband's ring was heavily scratched kasi nilagay lang daw sa bag. But anyway, we will rebuff it na lang po (because it was put in a bag, but we will rebuff it). Estimated value is P500,000,' Nakamura told GMA News Online. 'It was very distressing, but we're very happy and at peace now,' she added. Nakamura urged NAIA to take action as the person who stole her ring remains unidentified. 'This must not be tolerated. I urge you to take action so that no one else has to go through what I did. Your employees were involved in acts of dishonesty and negligence, and such behavior has no place in any responsible system,' Nakamura said. Manila International Airport Authority General Manager Eric Ines assured that the involved personnel will be held accountable. 'Even though the victim did not pursue legal action, we are coordinating with the concerned airlines and security agencies to ensure that those involved are held accountable. This behavior has no place in our airport,' Ines said in a statement. He urged the involved airlines and security agencies to take disciplinary action against those responsible for the missing jewelry. Meanwhile, the personnel involved in the recovery of the missing jewelry are expected to receive formal commendation during the next flag-raising ceremony, as recommended by the MIAA Praise Committee. — RF, GMA Integrated News
Mint
3 days ago
- Business
- Mint
Lofty US stock market valuations bank on earnings strength
NEW YORK, - With Wall Street's surge to record highs, the U.S. stock market looks nearly as expensive as ever, and investors are debating whether the lofty valuations are a bearish signal or justified by the technology-heavy market's profit outlook. Few investors would argue the broad stock market is cheap. Since late last month, the benchmark S&P 500 has traded above 22 times its expected earnings over the next year, according to LSEG Datastream. That's a price-to-earnings level the index has ascended to only about 7% of the time over the past 40 years. Determining appropriate market valuations could help investors understand how expensive stocks could get or how deeply they might fall, especially if there are renewed recession concerns. Whether current valuations are an imminent sell signal remains to be seen. Investors say the U.S. stock market can trade at elevated levels for an extended period of time. Some investors believe a number of structural changes could justify higher stock valuations, including greater representation in indexes from tech companies that generate massive profits. "By pretty much every historical metric is rich," said Keith Lerner, co-chief investment officer at Truist Advisory Services. "The question investors are grappling with is, is it warranted?" The S&P 500 has soared 25% since April, as investors grew less fearful that President Donald Trump's "Liberation Day" tariffs would cause a recession. The index has gained 6% so far in 2025, and over 60% in the past three years. As of Tuesday, the S&P 500's forward P/E ratio was 22.2, according to LSEG Datastream. That level is over 40% above the index's 40-year average of 15.8 and about 20% above its 10-year average of 18.6. A metric comparing price to expected sales shows the S&P 500 trading over 60% above its average of the past 20 years, according to Datastream. "On the broadest basis, the market has clearly got a valuation headwind relative to where it has been in history," said Patrick Ryan, chief investment strategist at Madison Investments. Investors debate the relevance of historical comparisons. The bigger presence in indexes of technology and tech-related companies, which tend to carry higher valuations, drives up the P/E ratio, while the profit strength of the largest companies also means the index could deserve higher valuations, investors said. The S&P 500's operating profit margin stood at 12% at the end of 2024, up from 9% in 2014, according to S&P Dow Jones Indices. Other potential justifications for higher valuations include regular buying of equities from 401 and other retirement plans, and lower fees for index funds easing access to stocks. While studies show elevated valuations suggest diminished returns over the longer term, they are not always the best "timing tools" for determining the market's near-term direction, said Ed Clissold, chief U.S. strategist at Ned Davis Research. Still, Clissold said, "a lot of good news is priced into stocks at these levels." In the April swoon, the S&P 500's P/E ratio sank to 17.9; in 2022's bear-market drop, driven by spiking interest rates, the P/E fell as low as 15.3. Indeed, investors are wary that current valuations make stocks particularly susceptible to disappointments. One worry: Washington could fail to strike deals with trading partners ahead of August 1, when higher U.S. levies on numerous countries are set to start. Another shock could be the early departure of Federal Reserve Chair Jerome Powell, whom Trump has persistently pressured to leave. Corporate results also pose a test. Second-quarter reports are kicking off with S&P 500 earnings expected to have increased 6.5% from the year-earlier period, according to LSEG IBES. Wall Street increasingly is focused on next year's profit potential, with S&P 500 earnings expected to rise 14% in 2026. "Investors seem somewhat convinced that the S&P is going to generate about 10% earnings growth for a few years after this year," said David Bianco, Americas chief investment officer at DWS Group. "The equity market has become fairly dismissive of any kind of significant recession risk." Some investors say that if artificial intelligence adoption broadly benefits the economy, "then maybe the valuations would be justified because the earnings growth the next few years could be substantial," Clissold said. To be sure, some investors are investing more in relatively cheaper areas such as small caps and international stocks. Ryan and others point to higher yields on U.S. government bonds, seen as risk-free if held to term, as one factor dimming the allure of stocks. The benchmark 10-year yield is around 4.5%, well above its level for much of the past 15 years. "There are alternatives out there for you to move your capital to," Ryan said. Scott Wren, senior global market strategist at Wells Fargo Investment Institute, said the firm is recommending clients trim equities in areas including industrials and consumer discretionary sectors, expecting broadly slowing earnings growth in coming months before accelerating. The firm has a year-end S&P 500 target of 6,000, about 4% below current levels. "Valuation-wise, stocks are pretty lofty," Wren said. Still, he added, determining a fair valuation is trickier than it has been. "Where is the line in the sand between expensive and not expensive?" Wren said. "It's harder to determine that." This article was generated from an automated news agency feed without modifications to text.
Time of India
3 days ago
- Business
- Time of India
Highly unlikely to fire Fed chief, says Donald Trump
President Donald Trump said on Wednesday that he was "highly unlikely" to fire Federal Reserve chair Jerome Powell, a public statement made less than 24 hours after suggesting in a private meeting that he was leaning in favour of dismissing the head of the nation's central bank. Trump confirmed that in a White House meeting on Tuesday night with about a dozen House Republicans he had discussed the "concept" of dismissing Powell, long a target because of his refusal to lower interest rates as Trump wants. Explore courses from Top Institutes in Select a Course Category MCA Artificial Intelligence Project Management Data Science Data Science Public Policy healthcare Design Thinking Technology Leadership Healthcare Cybersecurity Digital Marketing PGDM Management Others Finance Operations Management CXO Data Analytics Product Management others MBA Degree Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trekking pants for mountain sports and adventure travel Trek Kit India Shop Now Undo "Almost every one of them said I should," Trump said about the lawmakers who had come to talk to him about crypto legislation. He indicated he was leaning in that direction, according to a White House official. During that session, Trump waved a letter about firing Powell, but a person familiar with the matter said it was essentially a prop drafted by someone else and that the Republican president has not drafted such a letter. Neither source was authorised to publicly discuss the private meeting and they spoke only on condition on anonymity. Live Events Trump made his comment about being "highly unlikely" to dismiss Powell-"unless he has to leave for fraud"- during an Oval Office meeting with Salman bin Hamad Al Khalifa, the crown prince of Bahrain. In recent days, White House and administration officials have accused Powell of mismanaging a $2.5 billion renovation project at the Fed, adding to months of efforts by Trump try to rid himself of the politically independent central banker. US stocks were shaky as Trump spoke about Powell on Wednesday. The S&P 500's modest gain in the morning became a drop of 0.7% after initial reports that the president may fire the Fed chair. Stocks then trimmed their losses after Trump's later comment. Treasury yields also swivelled in the bond market but remained mostly calm. Those at the White House meeting were among the more far-right lawmakers, including members of the House Freedom Cause whose views are not always shared by other Republicans. In the Senate, Republicans have taken a more guarded approach. Some have backed Powell's performance at the Fed as they await an inspector general's review of the construction project. In a speech on Wednesday, Sen. Thom Tillis, R-N.C., said if Powell is dismissed, "you are going to see a pretty immediate response." "If anybody thinks it would be a good idea for the Fed to become another agency in the government subject to the president, they're making a huge mistake," said Tillis, who has announced that he is not running for reelection. Sen. John Kennedy, R-La., said this week that Powell "has done a decent job." "I don't think he's been perfect," he said, adding that there have been times they disagreed, but "I do believe that the chairman is calling them like he sees them." Republicans on the House Financial Services Committee had been scheduled to meet with Powell on Wednesday evening in a gathering set months ago, but it was abruptly canceled due to votes in the House, according to a committee aide granted anonymity to discuss a private meeting.
Yahoo
4 days ago
- Business
- Yahoo
Gold price today, Wednesday, July 16, 2025: Gold is steady after higher inflation report
Gold (GC=F) futures opened at $3,330.50 per ounce Wednesday, nearly flat with Tuesday's close of $3,329.80. This week, the price of gold reached a high of $3,375.50 on Monday. The S&P 500 fell 0.8% on Tuesday after the Bureau of Labor Statistics (BLS) released the June Consumer Price Index (CPI) report. The CPI rose 2.7% for the year ending in June, up from an annual increase of 2.4% in May. The inflation increase likely delays any rate reductions by the Fed and fuels the argument that even higher tariffs will be inflationary. An inflationary environment often reduces demand for stocks and increases demand for gold, which is considered a store of value. Learn more: Inflation accelerates in June as investors eye tariff-related price increases The opening price of gold futures on Wednesday is nearly flat with Tuesday's close of $3,329.80 per ounce. Wednesday's opening price marks a gain of 1.2% over the past week, compared to the opening price of $3,289.40 on July 9. In the past month, the gold futures price has lost 3.2% compared to the opening price of $3,442 on June 16, 2025. In the past year, gold is up 37.2% from the opening price of $2,427.40 on July 16, 2024. This marks the lowest year-over-year gain so far this summer. Don't forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week. Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria. As we've been saying all week, investing in gold is a four-step process, and today, we'll explore step 3, choosing a form. Once you define your target gold allocation, you must choose a form of gold to hold. Your three options are: Physical gold Gold mining stocks Gold ETFs Physical gold includes jewelry, gold bars, and gold coins. The advantages of physical gold include: Readily accessible for use. If you keep your physical gold at home, it is easily available for you to use as a medium of exchange in an economic emergency. No added volatility or ongoing fees. Gold mining stocks tend to rise and fall with gold prices, and business-related factors enhance their volatility. Gold ETFs charge administrative fees in the form of expense ratios. Learn more: Take a deeper dive into the gold sector The disadvantages of physical gold include: Risk of theft or loss. Physical gold must be properly secured. Whether you store it in your home or with a depository, gold can be stolen. Lower liquidity. Physical gold is less liquid than stocks or ETFs. If you are not using the gold as a medium of exchange, you may need to locate a dealer and pay a markup on the sale. Owning shares in gold mining stocks provides indirect gold exposure. The advantages of mining stocks over physical gold include: Greater liquidity. Large-cap gold mining stocks like Barrick Gold Corporation (GOLD) and Franco-Nevada Corporation (FNV) generally enjoy a narrow bid-ask spread, which is a sign of liquidity. The bid-ask spread is the difference between what buyers will pay and what sellers will accept. Easy to store. Stocks live in your brokerage account and do not consume physical space. In normal times, this is an advantage. In an economic catastrophe, this could be a disadvantage if brokers or the stock market are temporarily shut down. Learn more: The top performing companies in the gold industry The disadvantages of owning gold mining stocks include: Greater volatility. Since 2000, gold mining stocks have risen and fallen faster than gold spot prices. And in recent years, gold mining stocks have trended down even as gold has gained value. No utility as a medium of exchange. Gold mining stocks can appreciate, but they have no direct utility as a medium of exchange. Gold ETFs are funds that invest in gold mining stocks or physical gold. Their advantages include: Easy to store. Like gold mining stocks, ETF shares are essentially digital assets with no storage requirements. Greater liquidity. Shares of the most popular gold ETFs, like SPDR Gold Shares ($GLD), are heavily traded which implies good liquidity. Tied directly to gold prices. ETFs backed by physical gold can be less volatile than gold mining stocks or gold mining ETFs. The disadvantages of gold ETFs include: Fund fees. Funds charge fees, which dilute returns over time. For context, the expense ratio of SPDR Gold Shares is 0.40%. This translates to $4 in fees annually for every $1,000 invested. No utility as a medium of exchange. As with gold mining stocks, you probably cannot use ETF shares to trade for food in an economic emergency. Whether you're tracking the price of gold since last month or last year, the price-of-gold chart below shows the precious metal's steady upward climb in value. Historically, gold has shown extended up cycles and down cycles. The precious metal was in a growth phase from 2009 to 2011. It then trended down, failing to set a new high for nine years. In those lackluster years for gold, your position will negatively impact your overall investment returns. If that feels problematic, a lower allocation percentage is more appropriate. On the other hand, you may be willing to accept gold's underperforming years so you can benefit more in the good years. In this case, you can target a higher percentage. The precious metal has been in the news lately, and many analysts are bullish on gold. In May, Goldman Sachs Research predicted gold would reach $3,700 a troy ounce by year-end 2025. That would equate to a 40% increase for the year, based on gold's January 2 opening price of $2,633. Rising demand from central banks, along with uncertainty related to changing U.S. tariff policy, are the factors driving the increase. If you are interested in learning more about gold's historical value, Yahoo Finance has been tracking the historical price of gold since 2000.
Perth Now
5 days ago
- Business
- Perth Now
Asian shares rise, dollar firms ahead of US earnings
Asian shares have climbed and the dollar held gains as trade talks remained in the spotlight in a week that will see key readings on US inflation and bank earnings. Oil prices edged lower after US President Donald Trump issued a 50-day deadline for Russia to end the war in Ukraine to avoid energy sanctions. Japanese government bonds yields jumped to multi-decade high as a critical upper house election neared. Trump signalled he was open to discussions on tariffs after his weekend threat to impose 30 per cent duties on the European Union and Mexico from August 1. Japan is reportedly trying to schedule high-level talks with the US this Friday. Market reaction to the tariff uncertainty has been rather benign, making earnings in the United States this week all the more important for cues, National Australia Bank strategist Rodrigo Catril said. "It'll be interesting to see what companies are saying, in particular in terms of the forward-looking outlook, in terms of where they see the next quarter, how they see their margins, are they going to get squeezed, or are they planning to pass it on," Catril said in a NAB podcast. "I think that this idea of complacency is also because we're not quite sure how this whole thing is going to play out," he added. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.4 per cent after US stocks ended the previous session with meagre gains. Japan's Nikkei index added 0.2 per cent. The EU accused the US of resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached. Trump said he was open to further discussions with the EU and other trading partners. Japan's Prime Minister Shigeru Ishiba is arranging to meet US Treasury Secretary Scott Bessent in Tokyo on Friday, the Yomiuri newspaper reported, ahead of an August 1 deadline before 25 per cent tariffs are due to take effect. Ishiba also has an election to contend with on Sunday, with polls showing his ruling coalition may lose their majority in the upper house to political opponents who are advocating for expansive spending. The benchmark 10-year JGB yield jumped to 1.595 per cent, highest since October 2008, while the 30-year yield hit an all-time high of 3.195 per cent. Meanwhile, the US earnings season is set to begin on Tuesday, with second-quarter reports from major banks. S&P 500 profits are expected to rise 5.8 per cent year-over-year, according to LSEG data. The outlook has dimmed sharply since the early April forecast of 10.2 per cent growth, before Trump launched his trade war. Investors are also waiting for US consumer price data for June, due on Tuesday, and will monitor for any upward pressure on prices from tariffs. The dollar was little changed at 147.71 yen after touching a three-week high. The euro was flat at $US1.1672. US crude dipped 0.3 per cent to $US66.80 a barrel. Trump announced new weapons shipments for Ukraine on Monday, and threatened sanctions on buyers of Russian exports unless Moscow agrees to a peace deal in 50 days. Gold inched up 0.1 per cent at $US3,348.35 per ounce, while spot silver gained 0.1 per cent to $US38.15 per ounce, after hitting its highest level since September 2011 in the previous session. In early trades, the pan-region Euro Stoxx 50 futures were up 0.1 per cent, German DAX futures were up 0.1 per cent, and FTSE futures were up 0.2 per cent. US stock futures, the S&P 500 e-minis, were down 0.1 per cent.
