Investing.com -- British Steel announced on Thursday its intention to consider the closure of two of its blast furnaces and steelmaking operations. Additionally, the company has proposed a reduction in the capacity of its steel rolling mill located in Scunthorpe.The company’s proposed closures could potentially affect between 2,000 and 2,700 jobs, according to the company’s statement. The cons ...
Investing.com -- Ukraine’s top military official, General Oleksandr Syrskyi, announced on Thursday that Russian forces were increasing their activities in the northeastern Sumy region in an effort to progress further into Ukrainian territory. Syrskyi made this announcement through a Facebook (NASDAQ:META) post.The Sumy region, which shares a border with Russia’s Kursk region, has been an area ...
Investing.com -- JPMorgan analysts estimate that the S&P 500’s fair value currently stands at 5400, suggesting the index is about 6% overvalued based on their long-term quant model.According to JPMorgan, the discount rate from their model is around 4.8%, compared to a 10-year average of 5% and a 70-year average of 5.5%. While this indicates valuations are somewhat rich, they note t ...
Investing.com -- Spain’s budget deficit has decreased to 2.8% of the country’s gross domestic product (GDP) in 2024, down from 3.66% in 2023. This information was announced by Budget Minister Maria Jesus Montero on a Thursday.Montero also mentioned that the deficit reached 3.15% when considering the additional expenses incurred due to the floods in Valencia in late October.The Spanish governme ...