(Bloomberg) — Some of Wall Street’s biggest banks are telling clients to place bullish bets on Brazil, calling an end to the malaise that has plagued local markets this year.Most Read from BloombergThat isn’t flying with the country’s largest hedge funds.Local investment firms such as Verde Asset Management and Ibiuna Investimentos recently turned negative on interest-rate futures, while sticking to wagers on a weaker Brazilian real. Not even the Federal Reserve’s first rate cut in four years will be enough, they say, to offset the sour mood fueled by the spending spree of President Luiz Inacio Lula da Silva’s administration.“There’s…
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Unikat Motorworks, a Polish custom motorcycle shop renowned for its extraordinary one of a kind builds, has taken a more subtle approach with its latest project. Commissioned by Dominik, the Triumph Scrambler 1200 XE received a tasteful upgrade that focused on refining the existing design rather than reinventing it. Unlike many of their previous radical transformations, Unikat’s approach this time was more understated, emphasizing elegance and refinement over over-the-top modifications. The team at Unikat carefully considered each element of the Scrambler, making subtle changes that enhanced its aesthetic and performance. They stripped the swingarm, skid plate, and engine covers of…
An Amazon warehouse.Getty ImagesAmazon announced Wednesday it is raising wages for its hourly warehouse workers and adding a new employee perk that will give them a Prime subscription at no extra cost.Beginning this month, Amazon’s average starting pay for front-line employees in the U.S. will be bumped to an average of more than $22 an hour, up from roughly $20.50 an hour, the company said.Amazon said it is also making its Prime subscription service a part of employees’ benefit package beginning “early next year.” The service, which costs $140 a year, gives members access to speedy shipping and video streaming,…
Image source: Getty Images As the oil price falls, the Shell (LSE: SHEL) share price inexorably follows. The FTSE 100 energy giant is down 8.21% in the last month. That leaves it trading at the same level as a year ago. Shell’s profits plunged from a record $40bn at the height of the 2022 global energy crisis to $28.3bn in 2023, a drop of a third. But that was still the second highest figure since 2011. So is the recent decline a buying opportunity? Oil is a highly cyclical sector, so I prefer to buy when stocks are down rather…
Bitcoin hovers around $60,000 ahead of a key decision by the US Federal Reserve on interest rates. Fed Funds futures data projects a 63% chance of the US Federal Reserve cutting rates by 50 basis points. On-chain data supports a bullish outlook as BTC’s new whales accumulate while old whales hold still. Bitcoin (BTC) retraces slightly, trading above $59,000 on Wednesday, as crypto markets brace for the upcoming interest-rate decision by the US Federal Reserve (Fed), which is expected to lower interest rates for the first time in more than four years. Even as traders widely anticipate the rate…
A reader says, “I have been trying to get information on how to invest in Index Funds but could not find much info. I would appreciate it if you could provide your guidance on this”.Our investing mantra is process-first, products-last. So, selecting an index fund should be the very last step. We recommend asking these questions before investing.1. Why are you investing? What is your goal? It is common for young earners to say they don’t have a goal or want to build wealth. Financial independence by 50-55 should be the default primary goal. So focus on that.2. How much should I…
(Reuters) – General Mills (NYSE:) posted a smaller-than-expected drop in quarterly sales on Wednesday, benefiting from improved demand as the Cheerios maker cut prices for some of its products. General Mills and other packaged food peers have been grappling with lower volumes for the past few years as price-conscious customers balk at companies raising prices to tackle higher input costs. As a result, General Mills has been trying to pare back prices in the past two quarters to boost volumes. Volumes were flat in the reported quarter, compared to a 2 percentage point decline in the prior one. Prices were…
Ford, a prominent American automaker, is actively investing in self-driving vehicle technology, aiming to be a leader in this emerging field. Recognizing the potential challenges of matching autonomous vehicles to varying road conditions, Ford has developed a new technology called “validation of vehicle before route utilization.” This innovative approach seeks to ensure that autonomous vehicles are optimally suited for the specific routes they will traverse, preventing potential safety risks associated with mismatched vehicle capabilities and road conditions. By carefully analyzing factors such as road conditions, weather forecasts, and vehicle specifications, Ford’s technology can determine the most appropriate autonomous vehicle for…
The Federal Reserve’s FOMC committee will meet today, and with the pace of inflation down to an annualized rate of 2.5%, the conventional wisdom expects the central bank to start cutting rates. The Fed has held its key funds rate at the 5.25% to 5.50% range since July of last year, in response to a generational spike in inflation.Most Fed watchers are predicting that the bank’s governors will approve a cut of 25 basis points, or 0.25%. While modest, that would mark the end of a 14-month tight money policy.For Bank of America, the Fed meeting is likely to provide…
Kramer Motorcycles, a renowned name in high performance racing, has introduced its latest creation: the APX-350 MA. This cutting edge motorcycle, specifically designed for the MotoAmerica Talent Cup series, showcases a remarkable blend of power, agility, and customizable features. Constructed upon a robust chromoly steel trellis chassis, the APX-350 MA delivers exceptional stiffness and torsional rigidity, essential for demanding racing environments. To ensure optimal handling and control, the bike is equipped with a fully adjustable WP suspension system, featuring open cartridge forks in the front and a rear shock with adjustable preload, compression, and rebound damping. Kramer Motorcycles Reveals APX-350…