49 AD CENTRAL BANKS 100 (4) O 32 le 2010R 24 1075 P D 0 Share 40 AD CENTRAL BANKS 0 e el 92 e 2010R UNIT 3 r B P Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, secu ...

National Summary - Economic activity increased slightly to moderately across the twelve Federal Reserve Districts in late November and December, with consumer spending rising moderately and strong holiday sales reported [11] - Construction activity decreased overall due to high costs for materials and financing, while manufacturing saw a slight decline with some manufacturers stockpiling inventories in anticipation of higher tariffs [11] - Residential real estate activity remained unchanged, high mortgage rates continued to suppress demand, while commercial real estate sales edged up [11] - Nonfinancial services sector grew slightly, particularly in leisure, hospitality, and transportation, although truck freight volumes were down [11] - Agricultural conditions remained weak with lower farm incomes and weather-related challenges, while energy activity was mixed [11] Labor Markets - Employment ticked up slightly, with six Districts reporting increases and six reporting no change, particularly in healthcare and construction sectors [12] - Wage growth picked up to a moderate pace in most Districts, although some reports indicated easing wage pressures [12] Prices - Prices increased modestly overall, with growth rates ranging from flat to moderate, and input costs also rose, particularly for health insurance [14] - Contacts expected prices to continue rising in 2025, with potential for higher tariffs contributing to price increases [14] Highlights by Federal Reserve District Boston - Economic activity increased slightly, with modest increases in tourism and home sales, while prices remained mostly steady [15] New York - Economic activity increased slightly, with moderate growth in consumer spending and a slight improvement in commercial real estate markets [16] Philadelphia - Business activity continued to grow slightly, with auto sales leading consumer spending, although manufacturing reported a slight decline [17] Cleveland - Business activity grew modestly, with higher-than-anticipated retail sales, while manufacturing demand remained soft [18] Richmond - The regional economy grew modestly, with increased consumer spending and a slight uptick in commercial real estate activity [19] Atlanta - Economic activity expanded modestly, with steady employment and moderate growth in consumer spending and auto sales [20] Chicago - Economic activity increased slightly, with modest increases in consumer spending and employment, while manufacturing and business spending decreased slightly [21] St. Louis - Economic activity continued to expand slightly, with positive holiday sales reports [22] Minneapolis - Economic activity grew slightly, with moderate wage growth and a positive outlook for the year ahead [23] Kansas City - Economic activity expanded slightly, led by consumer spending, with expectations for growth in hiring and price growth [24][25] Dallas - The economy expanded moderately, with growth in manufacturing and nonfinancial services, while home sales increased slightly [26] San Francisco - Economic activity expanded slightly, with stable employment levels and modest growth in retail sales [27] Sector-Specific Insights Retail and Tourism - Retail contacts reported slight increases in revenues, while tourism activity experienced modest growth, particularly in air travel [32] Manufacturing - Manufacturing sales were flat on average, with some firms reporting unexpected softness in demand [33] IT and Software Services - Demand for IT and software services remained stable, with expectations for strong revenue growth in early 2025 [34] Commercial Real Estate - Commercial real estate activity was mostly flat, with elevated long-term interest rates limiting transactions [36] Residential Real Estate - Home sales rose modestly, supported by improved inventories, although high mortgage rates continued to suppress demand [37]

公告送出日期：2025年4月23日 1 公告基本信息 ■ 2 其他需要提示的事项 （1）因东京证券交易所节假日，本基金于2025年4月29日起暂停申购、赎回和定投业务，并于2025年4 月30日起恢复日常申购、赎回和定投业务，届时本基金管理人不再另行公告。2025年4月29日暂停期 间，本基金A类份额的二级市场交易正常进行。 （2）投资人可访问本公司网站(www.nffund.com)或拨打客户服务电话（400－889－8899）咨询相关情 况。 南方基金管理股份有限公司 2025年4月23日 根据《中华人民共和国证券投资基金法》《公开募集证券投资基金运作管理办法》和《南方兴利半年定 期开放债券型发起式证券投资基金基金合同》（以下简称"《基金合同》"）的有关规定，基金管理人决 定以通讯方式召开本基金的基金份额持有人大会，会议的具体安排如下： 南方基金管理股份有限公司 关于以通讯方式召开南方兴利半年定期 开放债券型发起式证券投资基金基金份额 持有人大会的第一次提示性公告 南方基金管理股份有限公司已于2025年4月22日发布了《南方基金管理股份有限公司关于以通讯方式召 开南方兴利半年定期开放债券型发起式证券投资基 ...

U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 1,000 points on Monday.The Dow traded down 2.73% to 38,072.59 while the NASDAQ fell 3.19% to 15,767.59. The S&P 500 also fell, dropping, 2.86% to 5,131.53.Check This Out: Wall Street’s Most Accurate Analysts Give Their Take On 3 Health Care Stocks Delivering High-Dividend YieldsLeading and Lagging SectorsConsumer staples shares fell by just 0.7% on Monday.In trading on Monday, consumer discretionary shares tumbled by ...

Core Insights - Axxess and Texas Capital have announced a product integration aimed at speeding up payment reconciliation for home health and hospice providers, enhancing operational efficiency through automation [1][2][3] Company Overview - Axxess is a leading global technology platform for healthcare at home, serving over 9,000 organizations and more than 7 million patients worldwide, recognized for its secure and compliant software solutions [4] - Texas Capital Bancshares, Inc. is a full-service financial services firm that provides customized solutions across various sectors, including commercial and consumer banking, investment banking, and wealth management [5] Product Integration Details - The integration combines Texas Capital's RevNow product with Axxess RCM, allowing providers to automate payment matching, reducing the reconciliation time from weeks to just 24 hours [2][3] - RevNow processed 115 million claims nationwide in 2024, showcasing its significant impact in the healthcare space [3] Value Proposition - The partnership is expected to save providers substantial time and costs by streamlining operations through automation and artificial intelligence, allowing them to focus on core business activities [2][3]

Market Overview - The CNN Money Fear and Greed index remained in the "Extreme Fear" zone with a current reading of 20.9, down from 21.4 [7][8] - U.S. stocks mostly settled lower, with the Dow Jones index falling over 500 points, marking its third consecutive day of losses [1][5] Company Performance - UnitedHealth Group Incorporated (UNH) shares dropped over 22% after reporting worse-than-expected first-quarter results and lowering its FY25 adjusted EPS guidance [2] - Nvidia Corp. (NVDA) shares fell approximately 3% after a prior decline of around 7% [2] - Eli Lilly & Co. (LLY) shares experienced their sharpest single-day rally in nearly 25 years following positive data from a pivotal trial for a weight-loss drug, with the market for such drugs projected to triple by 2030 [3] Economic Data - U.S. housing starts decreased by 11.4% month-over-month to an annualized rate of 1.324 million in March [4] - Initial jobless claims fell by 9,000 to 215,000, better than market estimates of 225,000 [4] - The Philadelphia Fed Manufacturing Index dropped 39 points to -26.4, significantly below market expectations of 2 [4] Sector Performance - Most sectors on the S&P 500 closed positively, with energy, consumer staples, and real estate stocks showing the largest gains [5] - Information technology and health care sectors closed lower, contrasting with the overall market trend [5]

Core Viewpoint - The article discusses the recent surge in international gold prices, which have reached historical highs, and the implications for investors and the market [1][2]. Group 1: Gold Price Trends - As of April 21, COMEX gold futures have increased by 27% year-to-date, with spot gold prices reaching approximately $3,360 per ounce [1][2]. - The dollar index has fallen below 99 for the first time in three years, currently reported at 98.74 [1]. Group 2: Retail Gold Prices - Major retailers such as Chow Tai Fook and Luk Fook have set their gold jewelry prices at around 1,028 CNY per gram, while other brands like Lao Miao and Lao Feng Xiang have slightly lower prices [4][5]. Group 3: Consumer Behavior and Risks - Some consumers are taking loans to purchase gold, with one investor borrowing 170,000 CNY to buy gold worth 300,000 CNY, highlighting the risks associated with leveraging investments in gold [6][7]. - Young consumers are increasingly becoming the main force in gold consumption, but there are emerging risks as some are using credit cards and personal loans to finance their purchases [9]. Group 4: Institutional Responses - Several financial institutions have begun to limit large purchases of gold ETFs due to the rapid price increases, with announcements from various fund companies indicating a need to manage risk and protect investor interests [14][15]. - Banks like China Construction Bank and Industrial and Commercial Bank of China have issued warnings about the heightened market risks associated with precious metals [15]. Group 5: Investment Strategy - The article suggests that gold should be viewed as a long-term investment rather than a short-term trading asset, emphasizing the importance of risk management and avoiding leverage in current market conditions [17].

Market Overview - The S&P 500, Dow Jones Industrial Average, and Nasdaq have shown significant volatility due to President Trump's tariff plans, which initially caused stock declines but saw a temporary rebound after a 90-day tariff pause and exemptions for electronics [1][2] Investment Strategies - **ETFs**: Investing in exchange-traded funds (ETFs) is recommended for diversification across industries, which can mitigate risks during market downturns. A broad ETF like the Vanguard S&P 500 ETF is suggested, known for its low expense ratio of 0.03% and historical average annual return of 10% [3][4] - **Beneficiary Companies**: Some companies may benefit from tariffs, such as Amazon and Etsy, as consumers may shift away from China-based products due to increased costs. Etsy has indicated it could be a "net beneficiary" of tariffs focused on China [5][6] - **Established Companies**: Investing in well-established companies like American Express and Microsoft is advisable during market turmoil, as they have a proven track record and are currently trading at reasonable valuations [7][8] - **Safe Stocks**: Companies in resilient sectors, such as healthcare, are considered "safe players" as they continue to perform during economic downturns. Additionally, dividend stocks, particularly Dividend Kings, are recommended for passive income [9][10] - **Long-term Perspective**: Maintaining a long-term investment outlook is crucial during market fluctuations. Quality stocks typically recover over time, and investors are encouraged to focus on long-term prospects rather than short-term volatility [11][12]

Core Viewpoint - Moody's is expected to report first-quarter 2025 results on April 22, with mixed revenue growth anticipated across its divisions due to various market conditions and strategic efforts. Group 1: Revenue Estimates - The Corporate Finance line is projected to generate revenues of $532.3 million, indicating a marginal rise from the previous year's quarter [2] - The Financial Institutions business line is estimated to bring in $201.1 million, reflecting a 3.1% increase [3] - Public, Project, and Infrastructure Finance revenues are expected to be around $141.2 million, suggesting a slight increase [3] - Structured Finance revenues are anticipated to reach $116.8 million, indicating a 2.5% rise [4] - Overall revenues for the Moody's Investors Service division are estimated at $1.1 billion, implying a 7.3% year-over-year increase [5] Group 2: Moody's Analytics Division - Revenues from the Moody's Analytics division are expected to rise to $868.4 million, representing an 8.7% increase from the prior year [7] - The division's growth is supported by rising demand for analytics and strategic inorganic growth efforts [6] Group 3: Earnings Expectations - The consensus estimate for earnings is $3.57, reflecting a 5.9% increase from the year-ago figure [9] - Sales are projected to be $1.89 billion, suggesting a growth of 5.7% [9] - The likelihood of Moody's beating the earnings estimate is low, with an Earnings ESP of -0.38% and a Zacks Rank of 3 [8]

Netflix unveils its first-quarter results Thursday afternoon. The report will kick off a rather momentous earnings season for media amid churning stock markets and recession jitters prompted by the Trump administration’s global tariffs. Traditionally the company that fires the starting gun for entertainment and tech numbers every three months, Netflix may be a calming place to start this time. As tariffs cast a pall across business sectors including media, the streaming giant may be Wall Street‘s top stock ...