Author: Editor-In-Chief
of 10 year treasury Yields fell on Tuesday as investors looked ahead to the Federal Reserve’s interest rate decisions.The benchmark 10-year government bond yield fell by more than 1 basis point to 3.978%, while the 2-year government bond yield fell by less than 1 basis point to 3.488%. The yield on the 30-year bond also fell by more than 2 basis points to 4.545%.One basis point equals 0.01% (1/100 of 1%), and yield and price are inversely proportional to each other.Policymakers are widely expected to cut interest rates, with investors looking ahead to the start of a two-day Fed meeting…
Celestica In an interview Tuesday with CNBC’s Jim Cramer, CEO Rob Myonis explained how his company designs and manufactures the infrastructure that enables artificial intelligence.”If AI is a speeding freight train, then we are laying the tracks in front of the freight train,” Myonis said.He pushed back against the idea that the AI boom is a bubble, saying the technology has gone from being a “nice to have” to a “must have.”Celestica released results after the close of trading on Monday, managing to beat expectations and raising its full-year outlook. The stock hit a 52-week high during Tuesday trading, closing…
Tensions are rising between Venezuela and Trinidad and Tobago over support for US military operations in the Caribbean.Venezuela has declared the Prime Minister of Trinidad and Tobago persona non grata amid an ongoing feud between the two countries over US military activities in the Caribbean.On Tuesday, Venezuela’s National Assembly voted in favor of sanctions against Prime Minister Kamla Persad-Bissessar, who has been sparring with Venezuelan President Nicolas Maduro. The law designated her as an unwelcome person in the country and barred her from entering the country.Recommended stories list of 3 itemsend of listAsked about the prospects a day earlier, Persado-Bissessar…
More than 60 people, including four police officers, were killed in a law enforcement operation in Rio de Janeiro, Brazil, local media reported.On Tuesday, Governor Claudio Castro issued a video statement saying 60 criminal suspects had been “neutralized” as part of a major police operation in which police issued more than 250 arrest warrants and search warrants.Recommended stories list of 3 itemsend of listHe added that 81 people were detained and weapons were seized.”What do we want? Rio de Janeiro and a crime-free Brazil,” Castro said. “And we will not back down, because we believe the more public safety efforts…
Beijing — For Chinese leader Xi Jinping, a landmark meeting with Donald Trump scheduled for this week is an opportunity to demonstrate what China has long sought: that it is on equal footing with the United States on the world stage. The U.S. president’s trade war with China is challenging President Xi’s growth and innovation agenda, but it is also giving Beijing the unexpected gift of a bright spotlight to project its economic power. While many countries around the world were trying to flatter President Trump and get excited about the global tariff reduction negotiations he launched this spring, China…
Cameron Norrie scored a shocking three-set victory over world No. 1 Carlos Alcaraz in the second round of the Rolex Paris Masters on Tuesday.The Spaniard was playing his first match at La Défense Arena after spending three weeks recovering from an ankle setback at the Shanghai Masters, but 30-year-old British number two Norie recorded a resounding 4-6, 6-3, 6-4 victory in the French capital. Alcaraz has previously commented on the tough season schedule and echoed calls for tennis coaches to shorten their increasingly packed calendars. Use Chrome Browser for a more accessible video player Alcaraz and the coach were seen…
Check out the companies making headlines before the bell rings Skyworks Solutions — The maker of high-performance analog and mixed-signal semiconductors rose 19% after striking a deal to acquire rival Qorvo in stock and cash, which soared 17%. The combined company will be valued at approximately $22 billion. Qorvo shareholders will receive $32.50 in cash and 0.960 shares of Skyworks common stock for each Qorvo share they own, meaning Skyworks shareholders will control approximately 63% of the new company and Qorvo shareholders will control the remainder. PayPal Holdings — The payments provider soared 12% after its third-quarter earnings of $1.34…
On January 29, 2021, a man walks past the SK Hynix logo in the lobby of the Bundang office in Seongnam City.Jung Young Jae | AFP | Getty ImagesKorean SK HynixThe company, one of the world’s largest memory chip makers, posted record quarterly sales and profits on Wednesday, driven by strong demand for high-bandwidth memory used in generative AI chipsets.Below is a comparison of SK Hynix’s third quarter results and LSEG SmartEstimates. We focus on more consistently accurate analyst forecasts.Revenue: 24.45 trillion won ($17.13 billion) vs. 24.73 trillion won Operating profit: 11.38 trillion won vs. 11.39 trillion wonSales in the…
Nvidia, a leader in artificial intelligence (AI) chips, will build seven new supercomputers for the U.S. Department of Energy (DOE), CEO Jensen Huang said.In his keynote speech at the company’s GTC event in the US capital, Washington, DC, Huang said on Tuesday that the company’s AI chip bookings have reached $500 billion.Recommended stories list of 4 itemsend of listThe first company to be valued at more than $4 trillion, Nvidia is at the heart of the global deployment of AI. While the company is forging deals around the world, it is also navigating the U.S.-China trade war, which could determine…
Euro 2025 hero Michel Agyemang was carried off on a stretcher during England’s 3-0 win over Australia at Pride Park.After an early red card for the visitors, the Lionesses controlled the flow of the match and were on their way to an easy victory, but Agyemang was sent off just minutes after coming on in the second half, and the match took a turn for the worse. The Brighton loanee was seen collapsing and crying as he went to retrieve the ball. The striker was treated by physiotherapists as he grabbed his knee and was eventually taken onto a stretcher…