LONDON, Aug 19 (Reuters) – U.S. long-dated Treasury yields fell sharply on Wednesday from around their highest level in 19 years, in a move that followed the U.S. Treasury announcing it would double the size of liquidity support buy-back operations for longer-dated bonds. Thirty-year U.S. bond yields fell almost 10 basis points (bps) to around…
Shane Smith: Thank you, Julie. Good morning, everyone. I want to start my remarks today by emphasizing the strength of our performance and the resilience of our business. In a cautious consumer and volatile commodity environment, our team delivered record second quarter adjusted operating profit of $300 million, and we expanded adjusted operating profit margin…
TJX (NYSE:TJX) shares fell around 4% in Wednesday premarket trading after the retailer issued a third-quarter earnings forecast below Wall Street expectations, overshadowing stronger-than-expected quarterly profit and an increase to its full-year guidance. For the second quarter, TJX reported earnings per share of $1.22, ahead of the $1.19 analyst consensus. Revenue reached $15.2 billion, broadly…
By Timothy Aeppel Aug 19 (Reuters) – Generac is best known for making backyard generators that rumble to life after power failures. But artificial intelligence is its new frontier. The Waukesha, Wisconsin-based company is spending $250 million by the end of next year to equip multiple factories to make beefed-up versions of its generators for…
The 30-year fixed mortgage rate stepped slightly higher, while both the 15-year and 5/1 ARM rates eased lower today, according to the Zillow lender marketplace. Rates have been surprisingly calm so far this week, considering recent bond market volatility. The average 30-year fixed rate is 6.55% today, Wednesday, August 19, 2026, up two basis points…
Deposit account rates are on the decline. The good news: You can lock in a competitive return on a certificate of deposit (CD) today and preserve your earning power. In fact, the best CDs still pay rates of 4% or higher. Read on for a snapshot of CD rates today and where to find the…
In mid-August, chipmaking giant Nvidia announced a $500 billion effort to jointly finance the AI boom alongside Wall Street’s biggest investment banks, but not everyone is a fan of this development. Jeff Gundlach, the founder and CEO of Los Angeles-based DoubleLine Capital, was skeptical about the $500 billion fund, saying it “will not likely age…
HONG KONG, Aug 19 (Reuters) – Alphabet has raised A$5.5 billion ($3.89 billion) via its inaugural Australian dollar debt issuance, according to a term sheet seen by Reuters, adding to the hectic pace of fundraising by global technology companies. The U.S. tech giant raised the amount by issuing 3-, 5-, 10- and 20-year bonds, the…
Aug 19 (Reuters) – Samsung Electronics has raised prices for some advanced contract chipmaking services by up to 15% for new orders, two people familiar with the matter said, as demand for AI chips tightens capacity in a business long dominated by TSMC. Demand from Chinese customers has been particularly strong, but Samsung has been…
Equinor is making its first entry into Namibia after agreeing to acquire a 17.4% participating interest in Petroleum Exploration Licence 90 from Harmattan Energy Limited, a Chevron subsidiary. PEL 90 covers Block 2813B in Namibia’s offshore Orange Basin and includes a drill-ready prospect that is scheduled to be tested in 2026, Equinor said Tuesday. The…
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