USD/CAD continues with its struggle to gain any meaningful traction amid mixed cues. The USD languishes near the YTD low amid dovish Fed expectations and cap the upside. A downtick in Crude Oil prices undermines the Loonie and acts as a tailwind for the pair. The USD/CAD pair extends its sideways consolidative price move on Tuesday and remains confined in a familiar range held over the past week or so. Spot prices, meanwhile, remain below the 1.3600 mark through the early European session amid a bearish US Dollar (USD), though the downside seems cushioned ahead of the key central bank…
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Interest rates are expected to drop for the first time in four years this week, but don’t expect that to be life-changing, experts said.When the Federal Reserve concludes its policy meeting Wednesday, almost all economists expect the Fed will lower its benchmark, short-term federal funds rate. However, whether the decrease will be by a quarter- or a half-percentage point from its 23-year high of 5.25 to 5.50% is basically a coin toss.Either way, consumers shouldn’t expect to see much immediate difference, analysts said. Financial institutions are usually slow to lower the rates they charge borrowers when the Fed begins to…
Space exploration is currently constrained by a critical factor: the reliance on Earth-based resupply missions. These long-distance supply chains are expensive and unsustainable for extended missions, especially those targeting distant destinations like the Moon and Mars. To overcome this limitation, space agencies are exploring innovative solutions, such as in situ resource utilization (ISRU) and 3D printing. ISRU aims to extract essential materials like oxygen, water, and metals directly from the local environment, reducing the need for Earth sourced supplies. This approach could significantly extend the duration of missions and lower the cost of space exploration. For example, on Mars, astronauts…
Image source: Getty Images Greggs (LSE:GRG) is one of the top UK stocks I know at the moment. Up nearly 425% over the past 10 years and 25% in the last 12 months alone, I reckon its stellar growth is going to continue. Expanding fast with loyal customers Greggs has been opening new stores rapidly, from 1,700 a decade ago to 2,400 today. That’s a 40% increase. Management has plans to take this even further, aiming to hit 3,000 stores in the coming years. Also, the company reported like-for-like sales growth of 7.4% for the first half of 2024. This…
Lancia, a once dominant force in the rally world, has fallen from grace. Founded in 1986 by Fiat racing drivers Vincenzo Lancia and Claudio Fogolin, the Italian automaker’s legacy is intertwined with the history of Italian automotive excellence. Lancia pioneered innovations like the V4 and V6 engines, contributing significantly to the evolution of the automotive industry. The brand’s greatest achievements came from rallying. With ten constructors’ titles in the Rally Championship, Lancia’s dominance in the sport was unparalleled. Their iconic Delta S4, a homologation special designed for both competition and road use, remains one of the most legendary rally cars…
Traders work on the New York Stock Exchange floor on Sept. 13, 2024.Spencer Platt | Getty ImagesInvestors on Tuesday will parse retail sales data for August for one final glimpse into the health of the U.S. consumer ahead of the Fed rate decision. Economists polled by Dow Jones are bracing for a 0.2% decline. Excluding autos, they see a 0.2% gain. The results could affect the rate cut outcome.Wall Street is on standby for the Fed’s long-anticipated rate cut, a move that could help boost earnings growth for companies following a backdrop of steep borrowing costs and high inflation. The…
ASTANA (Reuters) -German Chancellor Olaf Scholz said on Tuesday that Intel (NASDAQ:) is committed to its plan to build plants in eastern Germany despite the U.S. chipmaker saying that it is delaying construction by two years as part of its cost-cutting plans. “The decision to postpone the project in Germany for two years is a decision that also includes the intention to stick with it,” Scholz said in Astana. “It is important for us that we take this opportunity in this very volatile business of the semiconductor industry to help ensure that there is nevertheless a further expansion of the…
Roughly 70% of top executives believe artificial intelligence (AI) will transform the way their organizations create value over the next three years, according to a survey by consulting firm PwC published earlier this year. In PwC’s report, it projects AI technology will add a whopping $15.7 trillion to the global economy by 2030.Events like the dot-com boom and bust in the late 1990s and early 2000s suggest that picking winners and losers in new industries like AI won’t be easy. Not every AI company will survive, let alone thrive. That’s why buying an AI-focused exchange-traded fund (ETF) can be a…
Imagine a 1955 Chevrolet Bel Air, a timeless automotive icon, given a modern makeover. This isn’t just any restoration; it’s a pro touring masterpiece that blends classic charm with contemporary flair. One of the most striking features is the set of aftermarket wheels, crafted by Miami based Vossen. These aren’t your ordinary rims; they’re Forged S21-03 alloys finished in Stealth Grey with Polished Gloss lips. Vossen, renowned for its custom forged and Hybrid Forged wheels, typically caters to modern vehicles. From Lamborghinis to VWs, their portfolio showcases a diverse range of projects. Pro Touring 1955 Chevy Bel Air with Vossen…
A reader says, “I am currently 37, married (no kids yet), based out of Bangalore and, as usual, a very late starter to equity investing. My debt portion (PPF, EPF, FDs) is much higher than equity, and all I am trying is to catch up and make debt to equity 50:50 and regularly rebalance once a year (as you have suggested in your multiple videos)”.“I have been investing in Index Funds since 2020 in 3 funds: HDFC Index Fund Nifty 50 (Direct) – 68k per month, UTI Nifty Next 50 Index Fund (Direct) -10k per month, ICICI Prudential Nifty Midcap…