World
As interest rates fall, it’s a ‘fantastic time’ to revisit bonds, advisor says — here’s why
Lucy Lambriex | Stone | Getty Images As the Federal Reserve cuts interest rates, investors should review their bond portfolio, which could see a boost from dovish Fed policy. The central bank in September kicked off its first easing campaign in four years with a 50 basis point rate cut, which brought its benchmark rate […]
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All eyes are on Nvidia milestone into Wednesday’s close
Nvidia is the stock to watch heading into Wednesday’s close. The mega-cap tech stock that is everyone’s artificial intelligence barometer is nearing a milestone with its recent rally. The market darling, which could post a sixth straight day of gains Wednesday, is nearing its all-time closing high of $135.58 that it reached in late June. […]
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Swedish battery maker Northvolt says head of Europe’s first homegrown gigafactory to step down
Employees of the State Archaeological Office have hung pictures of finds from a construction trailer during a main archaeological investigation on the Northvolt site. Picture Alliance | Picture Alliance | Getty Images Sweden’s Northvolt on Wednesday said the head of its main plant, Europe’s first homegrown gigafactory for lithium-ion battery cells, will step down with […]
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Warren Buffett’s S&P 500 bet paid off. Experts weigh in on whether it’s still a winning strategy
Warren Buffett, Berkshire Hathaway CEO and chairman. Cnbc | Nbcuniversal | Getty Images In 2007, Warren Buffett made a $1 million bet that he could outperform hedge fund managers over the course of a decade by investing in an S&P 500 index fund. In 2017, he won. Some individual investors are making similar bets on […]
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Bayer shares down 7% after U.S. court says it will review Monsanto case
Logo and flags of Bayer AG are pictured outside a plant of the German pharmaceutical and chemical maker in Wuppertal, Germany. Wolfgang Rattay | Reuters Shares of German life sciences company Bayer fell nearly 7% on Wednesday, after a U.S. court said it would review a case alleging that exposure to products of the company’s […]
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Sweden’s Volvo says deputy CEO to step down in management reshuffle as EV demand slows
The Volvo Cars Hill Country dealership on in Austin, Texas. Brandon Bell | Getty Images News | Getty Images Swedish automaker Volvo Cars on Wednesday announced deputy CEO Björn Annwall will step down from his current role as part of a management reshuffle designed to increase simplicity and collaboration in the organization. It comes shortly […]
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Weekly mortgage demand drops as interest rates hit the highest level since August
A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. Patrick T. Fallon | AFP | Getty Images An abrupt turn higher for mortgage interest rates caused weekly demand from both potential homebuyers and current homeowners to drop. Total mortgage application volume fell 5.1% last […]
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European markets trade higher but sentiment dampened by volatility in China
European markets traded slightly higher Wednesday as positive sentiment wavered in the region, spurred on by volatility in China. The pan-European Stoxx 600 index opened just 0.06% higher but strengthened slightly to trade up 0.2% by mid-morning, with only the banks and technology sectors in negative territory. Regional markets traded and closed lower Tuesday, with […]
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HSBC exec says there’s a lot of AI ‘success theater’ happening in finance
Big technology companies are betting that a new wave of smaller, more precise AI models will be more effective when it comes to the needs of businesses in sectors like law, finance, and health care. Jaap Arriens | NurPhoto via Getty Images LONDON — Increasingly many financial services firms are touting the benefits of artificial […]
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China’s property stimulus raises optimism — but more steps are needed for a sectoral turnaround
A man works at a construction site of a residential skyscraper in Shanghai on November 29, 2016. Chinese household debt has risen at an “alarming” pace as property values have soared, analysts say, raising the risk that a real estate downturn could send shockwaves through the world’s second largest economy. JOHANNES EISELE/AFP via Getty Images […]
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