European Shares Little Changed As Yields Climb On Rate Worries

European stocks were little changed on Friday as Treasury yields edged up on uncertainty about the rate outlook. The euro strengthened and regional bond yields edged higher after Bundesbank President Joachim Nagel said the European Central Bank must resist any temptation to cut interest rates early. Nagel also said he was “skeptical” about the risk of a ‘hard landing’ for […]

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DOE Announces $42 Million To Strengthen US Power Grid

The U.S. Department of Energy has announced $42 million for 15 projects across 11 states to improve the reliability, resiliency, and flexibility of the domestic power grid through the development of next-generation semiconductor technologies. Funded through DOE’s Unlocking Lasting Transformative Resiliency Advances by Faster Actuation of power Semiconductor Technologies (ULTRAFAST) program, the technologies being developed would enable more effective control […]

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Asian Shares Mixed Despite Fed Rate Cut Optimism

Asian stocks traded mixed on Monday despite optimism that the U.S. Federal Reserve may cut interest rates by a full percentage point by the end of 2024. Gold was marginally higher as the dollar remained on the back foot after recording its worst week in four months. The 10-year U.S. Treasury yield hovered near a two-month low while oil rose […]

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IBM Suspends Ads On X Over Antisemitic Posts

IBM has pulled advertisements from X, formerly called Twitter after its ads were placed next to antisemitic content on the social media platform, reports said. The move comes after X owner Elon Musk supported an antisemitic post on the platform and issued statements. While talking about the decision, an IBM spokesperson stated that the company has zero tolerance for hate […]

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European Shares Seen Tad Higher As Bond Yields Dip

European stocks are likely to open on a positive note Friday as Treasury yields held steady after declining Thursday on the back of soft U.S. economic data. The U.S. economic calendar is relatively quiet today, with a report on new residential construction along with remarks by several Fed officials likely to garner investor attention. Closer home, reports on EU Harmonized […]

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Samvat 2080: A year of hope for industrial and precious metals

The new Samvat 2080 is viewed as a year of hope for industrial and precious metals. A key reason is the expectation of US interest rates peaking, followed by a reduction in the coming months. Regarding crude oil, its trajectory depends more on how the situation unfolds in West Asia. According to Nigam Arora, a US-based algorithm analyst and author […]

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RBI Governor Wants Bankers To Be Like Dravid

The governor made it clear that the RBI is aware of what’s happening and acts accordingly, but doesn’t make a noise about that, points out Tamal Bandyopadhyay. Reserve Bank of India Governor Shaktikanta Das, a cricket aficionado, wants all who bat on the banking and non-banking finance turf, and the stakeholders, to play long term — like Rahul Dravid. That’s […]

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