We recently published a list of 10 AI News and Analyst Ratings You Should Not Miss. Since NVIDIA Corporation (NASDAQ:NVDA) ranks 3rd on the list, it deserves a deeper look.While everyone is talking about rate cuts, some analysts are questioning whether it was necessary even to start cutting rates at this time. Latest data released on Tuesday showed retail sales in the US rose while Wall Street analysts were expecting to see a decline. Oksana Aronov, JPMorgan Asset Management head of market strategy for alternative fixed income, said while talking to CNBC that rate cuts are not even warranted as she thinks…
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With the Federal Reserve rate-cutting cycle expected to begin and the November election just around the corner, now could be a good time to invest in municipal bonds. For one, they are a way to lock in yield as interest rates fall. “Municipals are a great way to do that, given the tax-exempt nature, and given that a lot of municipals are longer maturity and longer duration,” said Matthew Norton, chief investment officer for municipal bonds at AllianceBernstein. Duration is a measurement of a bond’s price sensitivity to fluctuations in rates, and longer-dated issues tend to have greater duration. “Once…
In the heart of Texas, a peculiar automotive enigma has been puzzling enthusiasts for years. A 1948 Tucker Convertible, a one of a kind vehicle with a shadowy past, has been listed for sale at a staggering price. Despite years of attempts, no dealership has managed to find a buyer. The car’s existence itself is shrouded in doubt, as it seems to defy all known records and historical accounts. The Tucker Automobile Company, known for its innovative sedan design, never officially planned or produced a convertible model. However, rumors of a secret project, codenamed “Vera,” have persisted. It is believed…
Building on rapid growth in crypto CFD volumes, Wintermute’s OTC platform, NODE, now supports CFD trading and enables trading of GMCI indices as CFDs SINGAPORE, Sept. 18, 2024 /PRNewswire/ — Wintermute Asia Pte. Ltd (“Wintermute”), the digital asset derivatives trading arm of Wintermute Group, the leading global algorithmic trading firm, and liquidity provider in digital asset markets, today announced major updates to its CFD offering, including making it available for trading on its electronic OTC trading platform, Wintermute NODE. The updates further expand Wintermute’s OTC derivatives offering with the introduction of GMCI index trading as an instrument for contracts for differences (CFDs), marking…
Climate change came across as an afterthought in the presidential debate between Vice President Kamala Harris and former President Donald Trump last week. At 92 minutes into the debate, ABC News anchor Linsey Davis asked the sole question addressing it directly, with answers from Harris and Trump lasting less than three minutes.Despite this brevity, the candidates both still managed to introduce misleading information about climate threats and action in their responses to this and several other questions. With Arizona voters having just weathered their hottest summer on record — and Maricopa County on track to continue its upward trend in…
Conference season brings about its own set of volatility catalysts. Portfolio managers and traders must keep their ears out for clues on the state of the broad economy, specific industries and individual companies. That’s not a bunch of fluff just take a look at what happened to shares of Ally Financial (NYSE:ALLY) last week. On Sept. 10, the $10 billion market cap consumer finance industry stock endured its worst session since March 2020.1Cautious comments from Chief Financial Officer Russ Hutchinson at the Barclays 22nd Global Financial Services Conference resulted in intense selling pressure on ALLY as fears rose that auto…
The investment industry is undergoing a transformation that is largely attributable to technological advancements. Investment professionals are integrating new technologies, such as machine learning (ML), across the investment process, including portfolio construction. Many asset managers are beginning to incorporate ML algorithms in the portfolio optimization process seeking more efficient portfolios than would be possible under traditional methods, such as mean-variance optimization (MVO). These trends necessitate a fresh look at how ML is altering the portfolio construction process. Investors will benefit from a basic understanding of ML algorithms and the impact these algorithms have on their portfolios. Ultimately, the strategies used…
In March, federal agents searched the Miami and Los Angeles homes of Sean “Diddy” Combs for evidence of the music industry icon’s alleged involvement in a sex trafficking scandal.Combs was arrested Monday and charged with racketeering, sex trafficking and transportation to engage in prostitution, according to an unsealed indictment against him by the U.S. Attorney’s Office for the Southern District of New York Tuesday.Combs has pleaded not guilty and is being denied bail.Here’s what we know.Who is Sean ‘Diddy’ Combs?Sean Love Combs, 54, also known as P. Diddy, Puff Daddy or Diddy, is an R&B artist, rapper and record producer and executive.…
WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an effort to head off a slowdown in the labor market.With both the jobs picture and inflation softening, the central bank’s Federal Open Market Committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, affirming market expectations that had recently shifted from an outlook for a cut half that size.Outside of the emergency rate cuts during Covid, the last time the FOMC…
Image source: Unilever plc Unilever (LSE: ULVR), the consumer goods giant, is poised for a potentially transformative move as it contemplates spinning off its £15bn ice cream business. This strategic decision, which would include renowned brands such as Magnum, Wall’s, and Ben & Jerry’s, has sparked considerable interest among investors. A strong year The shares are trading just under the £50 mark, reflecting a robust market capitalisation of £123.19bn. The company’s price-to-earnings (P/E) ratio stands at 19.77 times. This indicates that investors are willing to pay a premium for the shares compared to some of its industry peers. This valuation…