Author: starbpo

WEST PALM BEACH, FLA. — The FBI said there “appears to have been an attempted assassination” of Donald Trump at his golf club in West Palm Beach, Florida, on Sunday. This happened just nine weeks after another attempt was made on Trump’s life. The ex-president said he was safe and sound, and police had a man in arrest. A few holes up from where Trump was playing, U.S. Secret Service agents saw the barrel of an AK-style gun sticking out of the bushes that surround the course, which is about 400 yards away. After being shot at by a police…

Target Corp. revealed hundreds of bargains and savings for bargain-hunting customers on Monday along with its holiday employment plans. The first of these is Target Circle Week, which will take place from October 6 to 12. In order to support pickup, drive-up, and home delivery services, the company TGT 1.97% intends to hire roughly 100,000 more seasonal workers, who will be spread across its stores and supply-chain facilities. In prepared remarks, executive vice president and chief commercial officer Rick Gomez stated, “Consumers are getting ready for one of the most exciting times of the year, which is why we’re leaning…

It should have been solved by now. It’s almost certain that the Federal Reserve will lower interest rates when its policy meeting ends on Wednesday, but it’s still not clear how much it will lower rates. Futures traders in Fed funds have put in a very close call between a normal cut of 25 basis points and a huge move of 50 basis points. People aren’t sure if a big rate cut would make investors nervous or calm them down. They are worried that an economy that is already slowing down could suddenly go into recession, which would ruin corporate…

At a time when the labor market is deteriorating, Thursday’s consumer-price index report for August could confirm that the service side of inflation is still problematic. The Federal Reserve’s anticipation for interest-rate decreases beyond September may be dampened by an August consumer-price index data that investors are anticipating on Thursday. A rate cut by the Fed next Wednesday is currently viewed as having a 100% chance, especially in light of the unexpected drop in August producer prices and the worsening of U.S. job growth. Now, the only issues are how much this rate drop will be and what policymakers would…

Nebius showed how quickly the market can re-price earnings expectations in the AI age on Thursday by pricing a stock-market offering at a 44% premium to where it stood prior to signing a huge cloud deal with Microsoft. In addition to an enlarged $2.75 billion convertible bond, Nebius (NBIS) reported that it priced its $1 billion stock-market offering at $92.50. After a 49% increase on Tuesday, Nebius’s shares finished Wednesday at $93.39. Nebius stated that the funds would be used to “finance the continuing growth of its business, including the acquisition of additional compute power and hardware, securing strategic high-quality…

According to Deutsche Bank Research, stablecoins may help the US dollar maintain its position as the world’s top reserve currency, but not in the manner that many had thought. As they enacted the first federal law to regulate the sector in July, U.S. lawmakers praised the potential contribution stablecoins may make to bolstering the dollar’s position as the global reserve currency. Cryptocurrencies known as stablecoins have values that are correlated with another asset, usually the dollar DXY. Stablecoin issuers frequently purchase short-term U.S. Treasury notes, which maturity in a year or less, in order to receive a dividend as investor…

Argentina captain Lionel Messi kisses the FIFA World Cup Trophy. Tickets for the 2026 FIFA World Cup went on presale on Wednesday morning, with the U.S. set to host the global soccer tournament for the first time since 1994. While fans may think they should scoop up tickets ASAP before they all sell out, the best strategy for scoring World Cup 2026 seats looks to be more complicated – and it may actually pay to wait. That’s because FIFA is using dynamic pricing in the World Cup for the first time. Dynamic pricing is an event-pricing model where flat ticket…

On Wednesday afternoon, Treasury market yields were declining. Investors are considering how much duration risk to take on in fixed income as the bond market suggests the Federal Reserve may start its interest-rate-cutting cycle as early as next week. According to a recent analysis from Goldman Sachs Group on the results of its 2025 survey of investors in that group, family offices this year seemed positioned for central banks to decrease rates while still displaying limited appetite for long-dated bonds. They oversee the fortunes of affluent families, while the larger investment community keeps an eye on their intricate tactics. According…

Ahead of the Federal Reserve’s rate announcement, investors are pursuing yield. Ahead of the Federal Reserve’s rate decision next week, investors have been scrambling this month to lock in higher rates in the approximately $60 trillion U.S. bond market. Investors’ strong interest for freshly issued corporate bonds in September, as well as for yield in other industries, such as longer-duration assets that were previously unpopular, has been the driving force behind the activity. According to Bryce Doty, a senior portfolio manager with Sit Investment Associates, “yields are pretty decent right now, but they are going away.” According to him, this…

On Tuesday, Apple unveiled the iPhone 17, which includes the new iPhone Air variant. Following its most recent iPhone launches, Apple Inc.’s stock is continuing to decline. Ben Reitzes, an analyst at Melius Research, says investors who are obsessed with the absence of general price hikes are overlooking the wider picture. According to Reitzes, Apple (AAPL) is now “out of the woods” following the iPhone launch event and is poised for increased profits. Reitzes up his price target to $290 from $260 on Wednesday, the most among analysts surveyed by FactSet, and reaffirmed his buy rating. On days when the…