The U.S. Federal Reserve cut its benchmark interest rate on Wednesday and more reductions are expected in the coming months. Analysts at both Citi and HSBC have taken the opportunity to do deep dives into how commodities are likely to perform looking ahead. Citi said in a fourth-quarter outlook report that the U.S. and global cutting rate cycles are set to “move into full swing” by the year end and should prove “very bullish” for precious metals, as real rates decline and growth concerns remain elevated. Median, annualized returns for precious metals were 13% in the six months following the…
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Dodgers designated hitter Shohei Ohtani, #17, watches his ball soar after hitting his first home run as a Dodger off of Giants pitcher Taylor Rogers, # 33, in the seventh inning at Dodger Stadium in Los Angeles Wednesday, April 3, 2024.Allen J. Schaben | Los Angeles Times | Getty ImagesLos Angeles Dodgers designated hitter Shohei Ohtani hit his 50th home run and stole his 50th base of the season on Thursday, becoming the first MLB player to reach both benchmarks in the same season.Ohtani entered Thursday’s game against the Miami Marlins with 48 home runs and 49 stolen bases. He…
A team doesn’t lose 117 games and counting because of just one thing. In the case of the 2024 Chicago White Sox a meddling owner, dubious leadership, injuries and an inability to properly value and integrate analytics only begin to tell the story.The White Sox would need to win seven of their last nine games to avoid tying the 1962 Mets’ 120 losses for the worst record in modern baseball history. They are the first team since 1900 to have three separate losing streaks of 12 or more games. Opponents have outscored them by more than 300 runs. Few expected…
The Japanese flag flutters over the Bank of Japan (BoJ) head office building (bottom) in Tokyo on April 27, 2022.Kazuhiro Nogi | Afp | Getty ImagesThe Bank of Japan kept its benchmark interest rate steady at around 0.25% — the highest rate since 2008 — at the conclusion of a two-day meeting Friday. While the decision is in line with the Reuters poll estimates, economists largely see another rate hike by end of the year.The decision came as the BOJ treads cautiously with the task of normalizing monetary policy after a long-held ultra-easy approach, and doing so without prompting a shock…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailForget free rooms. Travelers are amassing hotel points to bid on ‘money-can’t-buy’ experiences to Formula One races, NFL and NBA games, and concert performances from Taylor Swift and Ed Sheeran, with some loyalty members pledging millions to attend a single event, reports CNBC’s Monica Pitrelli. Source link
Simone Biles is not worried about potentially missing out on an additional gold medal over another gymnastics scoring inquiry snafu in the floor exercise at the Paris Olympics.Video from a camera crew following Biles at the Paris Games for the Netflix documentary series “Simone Biles: Rising” was given to Jordan Chiles, whose lawyers submitted it Monday to the Swiss Federal Tribunal as part of Chiles’ appeal to keep her bronze medal. The video also showed Biles asking Team USA coach Cecile Landi if an inquiry was submitted over her floor routine score.Biles asked Landi, “Is he asking?” referring to Landi’s…
The central bank of the People’s Republic of China is responsible for formulating and implementing monetary policies, preventing and defusing financial risks and maintaining financial stability.Peng Song | Moment | Getty ImagesChina on Friday kept its main benchmark lending rates unchanged at the monthly fixing.Market watchers polled by Reuters had expected a trim as the Federal Reserve’s 50 basis point rate cut had given more room for China to lower its domestic borrowing costs without prompting a sharp decline in yuan. The People’s Bank of China (PBOC) said it would keep the one-year loan prime rate (LPR) at 3.35%, as well…
A Japanese flag is displayed as shoppers and pedestrians walk past stores at a shopping street in Tokyo, Japan, on Wednesday, Nov. 23, 2016.Tomohiro Ohsumi | Bloomberg | Getty ImagesAsia-Pacific markets opened higher on Friday with Japan’s Nikkei 225 leading gains, after Wall Street soared overnight following the Federal Reserve’s outsized rate cut.Japan’s core consumer prices index climbed 2.8% year on year, in line with Reuters estimates, versus a 2.7% rise in the previous month. Excluding fresh food and energy, the inflation figure was 2%, versus 1.9% in the previous month.The reading will be the last gauge of the economy…
Republican presidential nominee and former U.S. President Donald Trump holds a rally at Nassau Veterans Memorial Coliseum, in Uniondale, New York, U.S., September 18, 2024. Brendan Mcdermid | ReutersRepublican presidential candidate Donald Trump said on Thursday the U.S. Federal Reserve’s decision to cut interest rates by half of a percentage point was “a political move.””It really is a political move. Most people thought it was going to be half of that number, which probably would have been the right thing to do,” Trump said in an interview with Newsmax.The Federal Reserve on Wednesday kicked off what is expected to be a series of interest rate cuts with…
Christian Benford prefers to maintain a low profile, but his presence within the walls of One Bills Drive is formidable.He says little but is often last to leave the Buffalo Bills’ practice field. He’s not satisfied to start as a former sixth-round pick or to shine among the NFL’s best cornerbacks through two weeks of the 2024 season. He’ll declare with quiet assurance that he’s driven by Lombardi Trophies, the Pro Football Hall of Fame. He will refute any notion that he has “made it” as an accusation.Which is extraordinary considering how far he’s made it. But then you hear…
