Funding & Business
Schwab’s Aguilar On Odds of A Risk Asset Rally
Omar Aguilar, CEO & CIO of Schwab Asset Management, says the firm urges clients to focus on the “direction of travel” and long-term trends. He tells Romaine Bostick and Scarlet Fu on “The Close” that rates are likely to move lower between now and mid 2026. (Source: Bloomberg)
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BHP Group Ltd. said it will shutter one of its Queensland coal mines and slash about 750 jobs across the division, citing high state royalties and weak market conditions that have made low-margin operations unsustainable.
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Gold held its latest gains that saw it rise above $3,700 an ounce for the first time, boosted by traders’ bets for a rate cut at Wednesday’s Federal Reserve meeting.
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WaterBridge Infrastructure LLC raised $634 million in its upsized US initial public offering, pricing its shares at the top of a marketed range.
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