U.S. Treasury yields jumped Friday as investors digested a better-than-expected September jobs report.The 10-year Treasury yield was higher more than 9 basis points at 3.946%, while the yield on the 2-year Treasury was 14 basis points higher at 3.85%. Yields and prices have an inverted relationship. One basis point equals 0.01%.Nonfarm payrolls grew by 254,000 in September, significantly exceeding the Dow Jones consensus estimate of 150,000.The report points to a solid economy, but it also signals to the market that the Federal Reserve is more likely to move forward with smaller rate reductions ahead. The CME Group’s FedWatch tool shows…
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Stocks climbed on Friday as investors welcomed a key monthly jobs report that showed hiring remains robust in the US economy. The Middle East crisis and a return to work at US ports also stayed in high focus.The S&P 500 (^GSPC) put on 0.5%, while the Dow Jones Industrial Average (^DJI) added roughly 0.3%. The tech-heavy Nasdaq Composite (^IXIC) moved 0.7% higher.The September jobs report massively overshot expectations, as the US economy added 254,000 jobs last month and the unemployment rate dipped down to 4.1%. All together, the report showed the labor market remains robust, even amid signs it has…
Tesla’s Supercharger network, once the envy of the EV industry, has faced recent challenges. Despite disbanding the dedicated Supercharger team, the company has continued to expand its DC fast-charging infrastructure. However, the recent Supercharger voting results in North America have sparked controversy. While the voting process has been lauded for its transparency and focus on regions with high Tesla ownership, it has not been without its flaws. In previous years, the voting has resulted in seemingly unexpected outcomes, such as a close contest between Romania and Hungary for European Superchargers. This year’s North American results have further highlighted the need…
Image source: Getty Images The way the JD Sports Fashion (LSE:JD.) share price reacted to the company’s results for the 26 weeks to 3 August 2024 (HY25), is a reminder that successful investing requires taking a long-term view. On 2 October, the retailer’s stock fell 6%. That was the day on which the self-styled ‘King of Trainers’ beat analysts’ expectations. And said that it expects to report a full-year adjusted profit before tax of £955m-£1,035m. Admittedly this is a wide range, but even at the lower end it would be a 4.1% improvement on last year’s results. The market’s reaction…
Bentley’s Bentayga Extended Wheelbase Azure Riviera Collection is a testament to the brand’s commitment to excellence. The car’s exterior is a fascinating Aegean Blue, reminiscent of the tranquil waters of the Mediterranean. To complement the striking color, Bentley has added 22 inch polished wheels with black painted pockets and black trim elements that perfectly match the Aegean Blue hue. This combination creates a truly sophisticated and refined appearance. Beyond its stunning aesthetics, the Bentayga Azure Riviera Collection offers an unparalleled level of luxury and comfort. The interior is meticulously crafted with the finest materials, including hand stitched leather and exquisite…
The consumer technology sector represents companies that develop and sell tech products directly to consumers. This includes smartphone manufacturers, computer makers, wearable device producers, and smart home tech firms. Consumer tech stocks offer investment opportunities in these innovative companies traded on public exchanges. The sector is known for its rapid product cycles and potential for breakthrough innovations. Investing in consumer tech stocks can present unique opportunities. These companies often benefit from strong brand loyalty and recurring revenue through product upgrades. Many consumer tech firms are at the forefront of emerging technologies like AI and IoT. The sector can see rapid…
The 2025 Corvette has arrived, and with it comes a host of new options and features. While the most powerful version, the ZR1, is still a year away, prospective buyers can now configure their dream car using the updated build and price tool. The base Stingray Coupe 1LT starts at $69,995, while the E-Ray and Z06 Coupe 1LZ come in at $108,595 and $113,795, respectively. Convertible models are slightly more expensive, starting at $76,995, $115,595, and $120,795. 2025 Corvette Brings New Features and Customization Options for Fans (Chevrolet) Inside the cabin, new options include blue stitching for the black interior…
WARSAW (Reuters) – Poland will start building the first elements of enhanced defence lines on its borders with Russia and Belarus by the end of 2024, a deputy defence minister said on Friday. Spurred by Russia’s invasion of Ukraine in 2022, Warsaw laid out plans in May to spend 10 billion zlotys ($2.6 billion) to beef up its northern and eastern borders with fortifications, surveillance, reconnaissance and anti-drone systems by the end of 2028 to deter adversaries or help repel a potential attack. “In the next three weeks, we will be able to carry out the first tests of the…
Audi’s new RS 5 Sportback is a high-performance sedan that marks the return of the RS 4 nameplate to the sedan segment after nearly two decades. This new model, which will be available in both Sportback and Avant configurations, sits atop the A5 family in terms of pricing and performance. Recently spotted testing in Europe, the RS 5 Sportback’s aggressive styling, including a black singleframe grille, flared wheel arches, and sporty side skirts, clearly distinguishes it from its more mundane A5 siblings. Under the skin, the RS 5 Sportback benefits from chassis enhancements and a lower ride height, ensuring a…
A Dodge Challenger Hellcat Redeye based retromod, the eXoMod Concepts C68 Carbon, is up for sale on Bring a Trailer. This stunning muscle car, finished in Electric Blue Pearl with pearl white stripes, boasts a lightweight carbon body and a 6.2-liter supercharged engine. Originally revealed in 2022, the C68 has a clean history and only 741 miles on the clock. With its retro inspired styling, the C68 pays homage to classic Dodge muscle cars while offering modern performance and luxury. The car’s exterior features a sleek and aggressive design, with a muscular stance and a menacing front end. The interior…