News of the week was the unusual intervention in the bond market by the US Treasury on Wednesday, as they announced at least a doubling of “liquidity support buyback operations” in long-dated bonds. Long bond Read more…
Back in May, I covered Bank of America analyst Tal Liani’s initial Buy call on ServiceNow (NOW) with a $130 price target. His core argument was that Artificial Intelligence (AI) is the strongest tailwind ServiceNow Read more…
With a total metropolitan population of just under 860,000 people, the English city of Leeds is the fifth-largest city in the United Kingdom and the economic and administrative capital of the Yorkshire region (York is Read more…
Menswear retailers have been recovering over the last six years since the Covid-19 pandemic, led by Men’s Wearhouse and Jos. A. Bank owner Tailored Brands, which plans to open 20 stores by the end of Read more…
Markets Flash EMU PMI surveys showed eurozone business activity continuing to rise in August amid stronger manufacturing growth. It sets the eurozone up for a robust increase in third quarter GDP around 0.3%, according to Read more…
Marvell Technology (MRVL) shares have been on fire this year as semiconductor stocks rallied on booming demand. The stock is up roughly 195% year-to-date, helped by strong demand for AI chips, networking and data-center infrastructure. Read more…
US private-sector growth accelerated sharply in August, with PMI Composite Output rising from 54.5 to 56.0, its highest in 52 months. PMI Services Business Activity climbed from 54.6 to 56.8, a 20-month high, becoming main Read more…
US long-term Treasury yields reached their highest levels since 2007. Higher oil prices revived concerns about inflation and the Federal Reserve’s policy outlook. The Treasury doubled the scale of its long-term bond buyback programme. The Read more…
The USD index is falling against a favourable backdrop. Eroding confidence in the Fed is weighing on the US dollar. The US dollar is trying to find its footing as Treasury bond yields stabilise. Scott Read more…
A worker earning $60,000 a year could lose about $1,326 in annual take-home pay if Congress raises payroll taxes to shore up Social Security. That money could come from the same paychecks used to fund Read more…