Still considering adding a certificate of deposit to your saving strategy? With the Federal Reserve expected to announce a half-point cut to its benchmark rate tomorrow afternoon, there isn’t much time left to lock in peak rates.CDs are a safe, passive way to grow savings you don’t need to access right away and among the best ways to prepare for lower interest rates, offering fixed yields and predictable earnings that can balance out riskier investments or diversify your portfolio as you plan for retirement.The highest rates right now are on shorter terms of up to 12 months — up to…
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Check back for updates throughout the trading dayU.S. equity futures moved higher again Tuesday, while Treasury yields and the dollar were largely steady, as investors looked the start of the Federal Reserve’s two-day policy meeting with an eye on retail sales data prior to the start of trading.Stocks ended higher on Monday following a tepid session that saw benchmark 2-year Treasury note yields, which are the most-sensitive to interest rate changes, fall to a two-year low amid a rush in bets on half point rate cut from the Fed tomorrow in Washington.The tech-focused Nasdaq, however, was held down by the…
After a summer hiatus, the AI and the Municipal Bond Market series resumes. Prior articles covered the rise of AI Technology, Data, Economic Drivers, and Pricing. This piece presents some difficult questions as to the relevancy of credit analysis in an increasingly AI and data driven market. Upcoming articles will cover Trading Platforms and Algorithmic Trading. Credit Analysisgetty With the rapid evolution and influence of AI technology in the municipal bond market, is municipal credit relevant? No. But with modifications…a firm maybe. The municipal bond market has traditionally been viewed as a credit market. Municipalities and governmental authorities or agencies…
David T. Nudelman is partner & CEO at Scandinavian Capital Markets, a Swedish STP Brokerage for foreign exchange and CFDs. getty Currency intervention is not a new thing. When China does it, the West calls foul. When Japan does it, it’s just another Tuesday. But what is currency intervention? This process involves a country’s monetary authorities buying or selling their own currency in the foreign exchange market to influence its value. This is usually done to stabilize the currency, mitigate inflation or address other economic challenges. Japan’s recent interventions provide a fascinating case study. The country has been fighting its…
Online sports betting and iGaming company Flutter Entertainment plc (NYSE:FLUT) shares are trading marginally higher premarket Tuesday. The company disclosed its agreement to acquire Snaitech S.p.A. from a Playtech plc subsidiary at an enterprise price of €2.3 billion in cash.Snaitech is one of Italy’s top online operators, holding a 9.9% share in 2023 and averaging 291,000 monthly players.The acquisition aligns with Flutter’s strategy to strengthen its holding in international markets.The transaction is expected to close by the second quarter of 2025 and should be immediately accretive to earnings per share.Upon completion, Flutter anticipates claiming the strong spot in Italy with…
Investing.com — Alpine Macro said in a note Tuesday that they believe Kamala Harris won the September 10 debate. However, the firm maintains that Donald Trump remains the favorite in the race for the presidency. According to their analysis, while Harris was better prepared and delivered a better performance, her victory is unlikely to sway many voters. The debate, watched by 67 million people, did not significantly alter the dynamics of the race. “The debate is unlikely to sway most voters, particularly centrists and independents,” said the firm. Alpine Macro notes that Harris struggled to articulate a clear governing agenda,…
News of the day for September 17, 2024Stefani Reynolds / Bloomberg via Getty ImagesThe Federal Reserve kicks off a two-day meeting that is expected to end tomorrow with its first interest-rate cut in four years; Intel (INTC) shares are jumping in premarket trading after CEO Pat Gelsinger laid out more restructuring plans; Microsoft (MSFT) shares are gaining on a $60 billion stock buyback plan and a 10% dividend hike; Meta Platforms (META) reportedly is banning Russia’s RT from Instagram and Facebook; and Amazon (AMZN) is ordering its staff back to the office five days a week. U.S. stock futures are…
If you are looking to add Bitcoin to your portfolio, the iShares Bitcoin Trust ETF is a way to do it. But is it really worth owning? For the uninitiated, Bitcoin (BTC 1.13%) can be very confusing and complex. But don’t fear — Wall Street has come to the rescue with an exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT -3.11%), as a quick and easy way to gain exposure to the cryptocurrency. Except that the two aren’t the same, and that’s important for investors to understand. What is Bitcoin? Bitcoin is a digital currency that has value because…
In this article, we will take a look into Accenture PLC’s (NYSE:ACN) DCF analysis, a reliable and data-driven approach to estimating its intrinsic value. Instead of using future free cash flow as in the traditional DCF model, the GuruFocus DCF calculator uses EPS without NRI as the default for the DCF model based on research that shows that historically stock prices have been more correlated with earnings than free cash flow.As of 2024-09-17, Accenture PLC’s intrinsic value as calculated by the Discounted Earnings model is $232.73. It’s currently trading at a price of $354.12. Therefore, the margin of safety based…
Buying individual stocks can certainly be a smart way to go for investors with the time, knowledge, and desire to play an active role with their asset allocation. On the other hand, since most Americans don’t check all three of those boxes, there’s no need to buy individual stocks to build serious wealth over time.In fact, you might be surprised at what you can potentially achieve with some basic index funds, steady contributions, and a few decades to let your investments grow.3 Simple index funds to buyThere are literally hundreds of great, low-cost index funds available to investors, so these…