By Sarupya Ganguly BENGALURU – U.S. Treasury yield forecasts from bond strategists have marched higher for a second month amid expectations of limited remaining Federal Reserve rate reductions and rising inflation risks in 2025, a Reuters survey found. Having kicked off its easing cycle with a jumbo half-percentage point cut in September, the central bank has lowered its fed funds rate by 75 basis points and looks set to trim another 25 bps on Wednesday to 4.25%-4.50%. Yet, since the first reduction, the benchmark U.S. 10-year Treasury yield, which moves inversely to prices, has shot up around 70 basis points…
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Image source: Getty Images The FTSE 100 is falling this morning but nothing quite like the Bunzl (LSE: BNZL) share price. The £11bn outsourcing group dipped 5.17% in early trading today (17 December), the fastest faller on the index. This follows a mixed trading update ahead of its year end. Bunzl’s one of those unsung heroes investors routinely overlook, then snap to attention when they see how well its shares have been doing. At least, that’s what happened to me. It must be more than five years since it first crossed my radar yet I’ve never bought it in that…
Nvidia shares fell in premarket trading on Tuesday, as Broadcom continued its rapid surge higher.Nvidia stock was down about 1.8% in premarket trading at 10:47 a.m. London time. On Monday, the company a entered correction territory — broadly defined as the point when a stock falls 10% or more from an all-time high close.Nvidia hit its closing high of $148.88 last month.In a tale of two chip stocks, Broadcom shares were 1.9% higher at 10:50 a.m. London time in premarket trade. Over the past five days alone, Broadcom shares have rallied 40%, while those of Nvidia have surrendered 5%.Bullishness around…
As the Federal Reserve is expected to hold interest rates steady in the first half of 2025, Nigel Green, CEO of deVere Group, is advising investors to exercise caution and consider adjusting their portfolios accordingly. This guidance comes in the wake of continued inflationary pressures, a strong US labor market, and anticipated fiscal policies from President-elect Trump’s administration, which are likely to keep the Federal Reserve from reducing rates in the near term. Despite earlier market expectations for a rate cut by the Fed, possibly as soon as December, recent data indicates persistent inflation as a significant concern. The US…
BANGKOK — Japanese tycoon Masayoshi Son and President-elect Donald Trump have announced plans for technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States over the coming four years. Trump said the investments in building artificial intelligence infrastructure would create 100,000 jobs, twice the 50,000 promised when Son pledged $50 billion in U.S. investments after Trump’s victory in 2016. Son, a founder and CEO of SoftBank Group, is known for making bold choices that sometimes pay big and sometimes don’t. SoftBank has investments in dozens of Silicon Valley startups, along with big companies like…
BANGKOK (AP) — Japanese tycoon Masayoshi Son and President-elect Donald Trump have announced plans for technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United … Source link
Image source: Getty Images Investors have to be mad, daft or deluded to put their faith in the Ocado (LSE: OCDO) share price. Unfortunately, that’s exactly what I did this year. And yes, I plead guilty to all three of those charges. If the definition of madness is doing the same thing over and over and expecting different results, then that applies here. I bought Ocado shares because they’d fallen sharply, thinking I might be getting a bargain. But that’s what Ocado shares do. Fall. Over and over. Expecting them to suddenly recover just because I owned them was mad.…
CHESAPEAKE, Va., Dec. 6, 2024 /PRNewswire/ — Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) (“Greenwave” or the “Company”), a leader in metal recycling operations across Virginia, North Carolina, and Ohio, announces strategic developments poised to deliver shareholder value in a rapidly consolidating scrap metal market. Key Highlights $1.7 Million Annual Cost Savings: Greenwave recently acquired the real estate for seven of its core facilities, thereby reducing its annual rent expenses by approximately $1.7 million, enhancing cashflow and positioning Greenwave for future growth and potential high-value strategic transactions. Twenty Year Relationship with Sims Metal: Greenwave generated $20.7 and $18.0 million in revenue from…
Nothing captures the essence of summer quite like a road trip. In the coming months, many of us will hit the road—whether solo, with family, or in lively groups. These journeys will feature playlists, pit stops in intriguing and unfamiliar locations, and nights spent in budget-friendly motels. The destinations promise fresh adventures: beaches, lakefronts, and countless other curiosities. Of course, the car you drive plays a pivotal role. My childhood memories of summer road trips are as much tied to the family Buick station wagon as they are to the places we visited. At Business Insider, we’re fortunate to test-drive…
Investing.com — Bank of America strategists expect the Federal Reserve to cut the target range for the fed funds rate by 25 basis points to 4.25%-4.5% at its December meeting. With markets already pricing in nearly a full rate cut, attention will likely focus on the Fed’s communication regarding its future policy direction. BofA expects both the Summary of Economic Projections (SEP) and Chair Jerome Powell’s remarks at the press conference to signal a slower pace of cuts ahead, potentially indicating a pause in January if economic data aligns with expectations. The FOMC statement language is likely to remain largely…