Monday saw a slight increase in U.S. Treasury yields as investors braced themselves for this week’s Federal Reserve policy meeting. At 4.277%, the yield on the benchmark 10-year Treasury note increased by 3.1 basis points. The 30-year Treasury bond yielded 4.35%, which was 2 basis points higher. Price movement is inverse for yields. Traders are…
The inventor of World Wide Web, Tim Berners-Lee called cryptocurrency as dangerous and compared it to a gambling. Berners-Lee said digital currencies are speculative in nature and compared them to the dot-com bubble. Berners-Lee said, “It’s only speculative. Obviously, that’s really dangerous. It is if you want to have a kick out of gambling, basically….
Cisco reported better-than-anticipated fiscal second-quarter earnings and revenue estimates and also lifted its prediction for the full year. Shares of the Cisco initially jumped in extended trading before paring most of its gains. The total revenue of Cisco grew 7% year over year in the quarter ended on Jan. 28. CEO Chuck Robbins said, “Some components…
Amidst increasing inflation and high interest rates, the US economy grew at strong annual pace of 3.2% in the quarter 3 of 2022 (i.e. July through September). This growth is higher than what was estimated and anticipated earlier. This unexpected increase in GDP signifies a return to growth after successive decline in the first two…
