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S&P 500 faces typical September pullback despite strong summer - BofA

S&P 500 FACES TYPICAL SEPTEMBER PULLBACK DESPITE STRONG SUMMER - BOFAHistorical data suggests the third quarter is often a challenging period for the benchmark S&P 500 CBOE:SPX, as gains in July and August are frequently offset by losses in September, according to Bank of America Global Research.De…

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index

An $8bln deal launches a poor man’s SpaceX

By Robert CyranDavid’s fight against Goliath had nothing on Rocket Lab’s NASDAQ:RKLB new mission. The space-launch vehicle and satellite maker on Monday agreed to acquire Iridium Communications NASDAQ:IRDM in a deal valued at $8 billion, including debt. They say they’re creating a vertically integr…

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StocksUS
NEWS reuters

U.S. 6-month bills high rate 3.840%

WASHINGTON, June 29 (Reuters) - The U.S. Treasury Department said its Dutch bidding auction of 6-month bills brought these results:6-MONTH BILLSRATESHigh 3.840% Median 3.810% Low 3.725% Investment 3.970%PRICE/ACCEPTANCESPrice 98.058667 Accepted at high…

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Bonds
NEWS reuters

U.S. 3-month bills high rate 3.740%

WASHINGTON, June 29 (Reuters) - The U.S. Treasury Department said its Dutch bidding auction of 3-month bills brought these results:3-MONTH BILLSRATESHigh 3.740% Median 3.690% Low 3.605% Investment 3.828%PRICE/ACCEPTANCESPrice 99.054611 Accepted at high…

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Bonds
NEWS reuters

Slovakia readies final unit of Mochovce nuclear plant for start of production

Slovak utility Slovenske Elektrarne has started fuel loading at the fourth unit of the Mochovce nuclear power plant, nearing the start of production after nearly four decades of construction, the company said on Monday.The 471-megawatt unit will be the last to come online at the country's second nu…

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Economy