Is NVDA a Sell? Buy This Stock Instead Before Dec. 31

After soaring over 150% in 2024 alone... is it actually time to buy Nvidia? A 50-year Wall Street veteran gives his answer to Nvidia, right here... Including the name and ticker of one under-the-radar AI stock to buy instead of Nvidia... before Tuesday, December 31st.

Financial market worries over the UK budget appear to ease

PAN PYLAS
November 01, 2024

LONDON (AP) -- Worries about this week's tax-raising U.K. budget within financial markets appeared to ease Friday with the interest rates charged on British debt steadying and the pound rising against most other currencies.

In the wake of Wednesday's budget statement, the first by a Labour government for 14 years, British financial assets have been choppy, with investors taking a more risk-averse approach by selling both government bonds and the pound.

The budget saw taxes raised by 40 billion pounds ($52 billion), proportionately the biggest for over three decades, and borrowing and spending increased -- a combination that clearly unnerved some investors.

Some analysts voiced worries about the potential inflationary impact of the budget, which may prompt the Bank of England to cut interest rates more slowly than previously anticipated. Though the bank is widely expected to reduce its main interest rate next week by a further quarter-point to 4.75%, the markets have moved to price in fewer reductions next year in the wake of the budget.

Other analysts said the public finances will likely need to be bolstered again in coming years if the U.K.'s economic growth doesn't pick up. The Office for Budget Responsibility, an independent watchdog, said in its assessment of the budget that the measures would do little to boost growth levels over the coming years.

On Friday, the yield, or interest rate, charged on the U.K.'s 10-year bonds held steady at 4.45%, following increases since Treasury chief Rachel Reeves presented the budget. The pound meanwhile was up 0.4% to $1.2951.

Ahead of the statement, Reeves was clearly aware of how a budget can go wrong and prompt panic in financial markets. Two years ago, the short-lived premiership of Liz Truss foundered after a series of unfunded tax cuts sent borrowing costs surging.

"Though the market's allergic reaction is unwelcome for the new Labour government, the response has been much more muted than after the Conservative's mini-Budget of September 2022. " said Andrew Goodwin, chief U.K. economist at Oxford Economics.

The overall increase in taxes announced by Reeves comes in large part from an increase in a tax businesses pay for employing people. The 1.2 percentage-point increase in employers' national insurance contributions, along with the fact that the levy will be paid on lower incomes, is forecast to raise 25 billion pounds.

Many executives have expressed concern about the move, arguing that it may depress wages by prompting firms to seek a way of absorbing the additional costs.

The center-left Labour Party won a landslide election victory July 4 after promising to end years of turmoil and scandal under successive Conservative governments, get Britain's economy growing and restore frayed public services. But the scale of the measures announced on Wednesday by Reeves exceeded Labour's cautious general election campaign.

Continue Reading...

Popular

Robinhood Markets Grows Into 'Best-In-Class' Brokerage, Analyst Says

Analysts have updated coverage and raised price targets on Robinhood Markets after the company hosted its first investor day on Wednesday and showed significant growth across customers, assets under custody and trading volumes.

Why Kentucky Is Keeping Marijuana Applicants' Names A Secret

Kentucky withholds medical marijuana applicant names, sparking transparency concerns and legal challenges over out-of-state influence.

"This Will Be Worse Than the Great Depression, the Dot-Com Crash, and the 2008 Crisis Combined" - Ad

According to Dan Ferris, who has predicted nearly every major market crisis of the last 25 years, a new crisis in the US economy could soon cost you 50% of your portfolio or more if you don't prepare your wealth now. Especially if you're sitting on large gains.

Bitcoin SV Is Up 80% Over The Past Month: What's Going On?

Bitcoin's historic rise past $100,000 this week has sparked a surge of activity across the cryptocurrency market, bringing renewed attention to Bitcoin SV (CRYPTO:

US Stocks Hold Steady, Travel Demand Fuels Airlines, Tesla Reaches 32-Month Highs: What's Driving Markets Thursday?

Wall Street experienced subdued trading on Thursday morning, with major indices remaining near the flatline as investors awaited further confirmation of potential interest rate cuts from the upcoming November jobs report.

Watch Jeff's New Demo: Elon Musk's New $9 Trillion AI Product - Ad

Why is Jeff Brown blindfolded and with his hands tied behind his back? It's all part of a crazy experiment involving a Cybertruck. See this demo because if Jeff is right... Elon Musk could make a lot of people rich with his new AI technology.

Joe Rogan Says Harris Avoided Podcast Due To One Issue

Joe Rogan opened up about the reasons why an interview with Kamala Harris before the 2024 election never happened.

Tesla Cybertruck Crash In California Claims 3 Lives, Leaves 1 Seriously Injured

In a tragic incident early Wednesday, a Tesla Cybertruck crashed in Piedmont, California, resulting in three fatalities and one serious injury.

Huge Tesla Pivot Changes Everything - Ad

Elon Musk's new plan for Tesla's future has nothing to do with electric cars...TechRadar reports it "will blow your mind..." & McKinsey says it "will shape the coming decade." We recently got our hands on a video clip detailing this breakthrough.

Mississippi Gulf Coast restaurant and its co-owner are sentenced for mislabeling seafood

GULFPORT, Miss. (AP) — A Mississippi Gulf Coast restaurant and its co-owner it were sentenced Monday on federal charges of as local premium fish.

UPS to pay $45M to US settle charges that it improperly valued its freight division

UPS will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday.

Has the Tech Stock Selloff Finally Arrived? - Ad

After soaring over 150% in 2024 alone... is it actually time to buy Nvidia? A 50-year Wall Street veteran gives his answer to Nvidia, right here...Including the name and ticker of one under-the-radar AI stock to buy instead of Nvidia... before Tuesday, December 3rd.

Radical Jaguar rebrand and new logo sparks ire online

NEW YORK (AP) — A for a rebrand of British luxury car brand Jaguar is being criticized online for showing models in brightly colored outfits — and no car.

Forget Nvidia, Apple, Tesla, and Google - Ad

Market Wizard Larry Benedict: "Forget 99% of stocks: It's possible to make all the money you need for a happy retirement with just this one."

What to know about Scott Bessent, Trump's pick for treasury secretary

WASHINGTON (AP) — has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary.

Zuckerberg dines with Trump in Mar-a-Lago

FORT LAUDERDALE, Fla. (AP) — Donald Trump dined on Wednesday with Meta CEO at the president-elect’s Mar-a-Lago club in Florida, bringing together the Facebook founder and the former president who was once banned from that social network.

Is NVDA a Sell? Buy This Stock Instead Before Dec. 31 - Ad

After soaring over 150% in 2024 alone... is it actually time to buy Nvidia? A 50-year Wall Street veteran gives his answer to Nvidia, right here... Including the name and ticker of one under-the-radar AI stock to buy instead of Nvidia... before Tuesday, December 31st.

Stock market today: Asian shares are mixed after Big Tech losses pull Wall Street lower

BANGKOK (AP) — Shares were mixed Thursday in Asia after stocks on Wall Street retreated, weighed down by losses for technology shares.

Shoplifting ring that stole $2M in cosmetics, clothes to be resold in NYC, Dominican Republic busted

NEW YORK (AP) — A shoplifting ring that stole nearly $2 million in clothes and beauty products from Macy’s and other well-known stores in the U.S. and then resold them in New York City and the Dominican Republic has been busted, law enforcement officials announced Tuesday.

Elon Musk: "AI Will Run Out of Electricity ... in 2025" - Ad

This AI boom is going to push America's power grid to the brink... Elon Musk even recently said that AI could run out of electricity by 2025. This crisis may just reveal one of the greatest investment ideas we are ever going to find. My research has recently uncovered two companies that could make a massive difference today.

Cathie Wood Sees $400B Opportunity In Biologics — How Have Her Bets Fared?

Cathie Wood, CEO of ARK Invest, is doubling down on biologics, seeing unprecedented potential at the intersection of artificial intelligence, genetic sequencing, and gene editing technologies.

Is This Defi Coin Your Next "10-Bagger" Investment? - Ad

Our #1 pick in decentralized finance is largely overlooked by mainstream investors (for now). This governance token could skyrocket as DeFi adoption surges with the smart money and institutions.

What's Going On With Uxin Shares Tuesday?

Uxin shares are moving higher on Tuesday after the company announced a collaboration with Contemporary Amperex Technology.

He'll be the last meatpacker in the Meatpacking District. Here's how NYC's gritty 'hood got chic

NEW YORK (AP) — When John Jobbagy’s grandfather immigrated from Budapest in 1900, he joined a throng of European butchers chopping up and shipping off meat in a loud, smelly corner of Manhattan that New Yorkers called the Meatpacking District.

December 16th - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on November 18th will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News?

Comcast's means that there will soon be two television networks with “NBC” in their name — CNBC and MSNBC — that will no longer have any corporate connection to NBC News.

Small business owners breathe easier over labor costs after decision to strike down overtime rule

Small business owners have had a mostly positive reaction to a judge's decision to that would have qualified more workers for overtime pay.

Single Stock Blueprint Available Now - Ad

Market Wizard Larry Benedict is one of the most successful traders you'll ever meet...But he doesn't make money the traditional way. In short: It's a way to trade just one stock...And potentially make all the money you need to fast-track your retirement -- no matter what happens in the stock market.

Students can now apply for federal college aid. Officials hope for a smoother rollout this year

WASHINGTON (AP) — The federal FAFSA form used to apply for college financial aid opened to high school seniors nationwide on Thursday, a year after a by the Biden administration delayed the application for months.

Vietnam approves $67 billion high-speed railway project between Hanoi and Ho Chi Minh city

HANOI, Vietnam (AP) — Vietnam on Saturday approved the construction of a high-speed railway connecting the capital Hanoi in the north to Ho Chi Minh city in the south at an estimated cost of $67 billion.

Is a Starlink IPO Coming in 2024? - Ad

Could there be signs that a Starlink IPO is set for the second half of 2024? According to one top venture capitalist, the answer is YES! And for the first time ever, you have the rare chance to profit pre-IPO... BEFORE Starlink goes public.

Peter Schiff Calls MicroStrategy A 'Great Short' And Issues A Grim Warning: 'It Can Only End In Bankruptcy'

Influential economist and market strategist Peter Schiff said shorting MicroStrategy Inc.’s (NASDAQ:MSTR) stock was a good idea, as he predicted potential bankruptcy for the company.

The Seven Stocks Set to Dominate Trump's Second Term - Ad

According to Alex Green, seven new stocks are set to take over during Trump's second term. Thanks to the sudden rise of AI, he says these stocks will dominate the coming years. In fact, he's claiming that $1,000 in each could turn into more than $1 million by 2030. Is he right?

8 arrested after blast disrupts Kosovo water and power supplies

PRISTINA, Kosovo (AP) — A powerful explosion damaged a water canal and temporarily cut water and power supplies to Kosovo’s cities, the prime minister said Saturday, blaming groups supported by Serbia. At least eight people were arrested.

On its way out, the Biden administration renews a push for airline-consumer protections

The Biden administration said Thursday it will take steps toward requiring airlines to pay cash compensation and cover lodging and meals for passengers who are stranded when an airline causes flights to be canceled or changed.

"Buffett Indicator" Predicts 62% Stock Market Crash - Ad

The last time the "Buffett Indicator" flashed this red was in 2000 - right before the market crashed 50%. Take these 4 steps to protect your retirement here.

Australian Senate begins debate on world-first social media ban for children under 16

MELBOURNE, Australia (AP) — The Australian Senate on Thursday began considering a from social media after the House of Representatives overwhelmingly supported the age restriction.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service