This Is the Worst State to Raise a Family

Gold Futures Settle Lower As Dollar Rises Ahead Of Fed Policy

Gold futures settled lower on Tuesday as the dollar climbed ahead of the Federal Reserve’s monetary policy announcement on Wednesday.

Data from the Labor Department showed the producer price index for final demand advanced by 0.8% in November after climbing by 0.6% in October. Economists had expected producer prices to rise by 0.5%.

With the stronger than expected monthly price growth, the annual rate of producer price growth accelerated to 9.6% in November from 8.8% in October.

The Labor Department said the year-over-year spike reflected the largest advance since 12-month data were first calculated in November 2010.

With inflation remaining at an elevated rate, the Fed is widely expected to accelerate its timetable for reducing bond purchases. There are also expectations that the central bank will begin raising interest rates shortly after bringing its asset purchase program to a halt.

The dollar index climbed to 96.50, gaining about 0.2%.

Gold futures for February ended lower by $16.00 or about 0.9% at $1,772.30 an ounce, the lowest settlement since December 2.

Silver futures for March ended down $0.400 or 1.8% at $21.924 an ounce, while Copper futures for March settled at $4.258 per pound, down 0.6% from the previous close.

The European Central Bank, the Bank of England and the Bank of Japan are also scheduled to announce their monetary policies this week.

Actinium Reports Positive Findings From Phase 1 Study Of Actimab-A – Quick Facts

Actinium Pharmaceuticals, Inc. (ATNM) reported updated data from the recently complete Actimab-A and CLAG-M phase 1 combination trial for patients with relapsed or refractory AML. Key findings from the study include: complete remissions in all dose cohorts; 72% MRD negativity rate; and 80% overall response rate in patients receiving less than 4 lines of prior therapy with a total of 10 complete remissions across all four dose cohorts. 75% of patients proceeded to a bone marrow transplant.

Avinash Desai, Actinium’s Chief Medical Officer, said, “There are several positive findings from this study including high rates of MRD negativity, strong responses in patients failing venetoclax therapy and high rates of transplant, which all represent future development opportunities.”

AMG Increases Earnings 2022 Guidance

AMG Advanced Metallurgical Group N.V. (AMVMF), that produces and sells engineered specialty metals and mineral products, on Monday announced an increase in its earnings guidance for 2022 based on favorable conditions in general and in particular on improved market conditions in lithium. AMG has increased its EBITDA guidance for the full year 2022 to between $175 million and $200 million from the previous guidance which stated “to exceed $150 million”.

At an organizational level, AMG has decided to bring its lithium value chain under one corporate entity named AMG Lithium. AMG Lithium would comprise both AMG’s Brazilian mining and processing plants as well as the German hydroxide project. The new company would be headed by Fabiano Costa and Stefan Scherer as Managing Directors. The mission of AMG Lithium would be to further increase the long-term value of AMG’s lithium activities.

Stagecoach Announces Sale Of Scottish Citylink Stake

Stagecoach Group plc (SGC.L) has entered into agreements to sell the marketing, retail and customer service activities of three of its inter-city coach businesses to ComfortDelGro Corporation Limited. The agreements cover: Stagecoach’s 35% interest in Scottish Citylink Coaches Limited; the UK Megabus business; and Falcon South-West.

The consideration for the disposal is 8.75 million pounds, comprising 7 million pounds payable in cash at completion and the assumption by CDG of an existing shareholder loan of 1.75 million pounds extended to Stagecoach Bus Holdings Limited by Scottish Citylink. Stagecoach said the cash proceeds will be retained and applied towards its general corporate purposes.

Growth not durable, will peak in H1 2022: Nomura

‘High inflation, CAD to come into play’

The current growth cycle being witnessed in the country is not durable and will peak by the first half of 2022, Japanese brokerage Nomura said on Friday.

Higher inflation and wider current account deficit — [the] side effects of loose policies adopted to push growth during the pandemic — will come into play, forcing RBI to act even as the ‘scarring effects cast doubt on growth’s durability’, it said in its yearly outlook.

It said recovery had been uneven, hurting consumption of lower-income households, and a sustained capital expenditure upcycle was also not in sight. “With mixed growth, high inflation and wider twin deficits, we expect India’s risk premium to rise and the RBI to catch up as it falls behind the curve,” its analysts said.

“In our base case, momentum starts to moderate in H2 [of 2022], reflecting cyclical factors and the impact of scarring effects, which have lowered the potential growth rate,” it said.

East Stone Acquisition Continues To Gain

East Stone Acquisition Corp. (ESSC) shares are gaining more than 9 percent on Monday morning trade, continuing a bullish trend since December first week. There have been no stock-specific news today to drive up the stock.

Currently, shares are trading at $15.36, up 9.71 percent from the previous close of $14.00 on a volume of 636,226. For the 52-week period, the shares have traded in a range of $9.21-$17.23 on a volume of 200,719.

This Is the Worst State to Raise a Family

Adults consider many factors when they consider the best place to raise a family. Some involve education or recreational facilities. Still others consider crime and other matters of safety or climate. Whether relatives are close by is another factor considered. This cuts two ways, however. Not everyone has a good relationship with parents, siblings, and the like. (If there’s a chance that you’d like to move abroad, these are the least expensive countries to raise a family.)

24/7 Tempo has developed a list of the worst states in which to raise a family, using data compiled by the credit reporting and advice site WalletHub. The site compared states across five key dimensions: family fun, health and safety, education and childcare, affordability, and socio-economics. From this list, we picked the worst one based on those measures. And it’s New Mexico. Mississippi came right behind it. Both scored particularly badly when it comes to socio-economics. (See how many children live in poverty in your state.)

Click here to see the best and worst states to raise a family

In making their calculations, WalletHub evaluated their five dimensions using 52 variously weighted metrics, including share of families with young children, pediatricians per capita, quality of public schools, housing affordability, job opportunities and security, and separation and divorce rate. Data on the total number of families in each state comes from the U.S. Census Bureau’s 2019 American Community Survey one-year estimates.