In a recent investment outlook from BlackRock’s iShares strategy team, investors are advised to capitalize on spikes in bond yields and reinvest their cash. The year 2024 has seen surprisingly high readings for both economic growth and inflation, causing bond yields to surge. The 10-year Treasury yield reached a new high earlier this week, presenting
Miami-Dade County, Florida, Mayor Daniella Levine Cava has decided to scrap plans for a proposed $2.5 billion municipal bond referendum in November. The original proposal aimed at funding infrastructure projects but did not include money for transit initiatives. Instead, the mayor now plans to introduce an even larger bonding plan that will incorporate funding for
Artificial intelligence has been revolutionizing various industries for years, with weather forecasting being one of the key areas that has benefited greatly from AI technology. Recent advancements in generative AI have opened up new possibilities for even more accurate weather predictions, prompting companies like Spire Global to explore new partnerships with AI giants like Nvidia.
Bitcoin price witnessed a dip on Friday, despite a slight recovery from recent losses. The lingering uncertainty over U.S. interest rates has largely stalled the cryptocurrency’s rebound. Various global events, such as an earthquake in Taiwan, escalating geopolitical tensions in the Middle East, and the possibility of higher-than-expected U.S. interest rates, have kept traders inclined
In the recent market scenario, most Asian currencies remained stagnant, particularly the Japanese yen which stabilized near two-week highs. The dollar, on the other hand, experienced a rise due to the anticipation of key nonfarm payrolls data and hawkish comments from Federal Reserve officials. The remarks made by Minneapolis Fed President Neel Kashkari regarding sticky
Ford Motor’s decision to delay production of a new all-electric large SUV and pickup truck signifies a significant shift in its EV production plans. The company is now focusing on offering hybrid options across its entire North American lineup by 2030, indicating a change in strategy in response to slower than expected adoption of electric
Investors who have put their money into short-term certificates of deposit (CDs) during the period of the Federal Reserve’s rate hikes now find themselves at a crossroads. With the yields of these investments reaching compelling levels, the looming question is what to do once the CDs mature. The initial allure of higher rates on CDs
In the fast-paced world of cryptocurrency, new projects are constantly emerging with innovative ideas and unique approaches to capturing the attention of investors and enthusiasts alike. One such project that has recently made waves is Donk.Meme, a donkey themed Solana meme coin that is breaking new ground in the crypto space. Donk.Meme takes inspiration from
The Environmental Protection Agency recently made an announcement regarding a $20 billion grant to support clean energy projects, specifically in underserved areas. This funding, which is part of the Greenhouse Gas Reduction Fund created by President Joe Biden, is the largest federal investment in climate-related projects to date. However, the program has faced criticism from
As per a recent Reuters poll, there has been a noticeable rise in short positions on emerging Asian currencies, particularly the Indonesian rupiah. This increase in bearish bets is attributed to the resilience of the U.S. dollar amidst uncertainty surrounding the Federal Reserve’s interest rate cuts. Short positions on the Indonesian rupiah have surged to