Yesterday, the Federal Reserve decided to cut its key policy rate by 25 basis points, following a 50 basis point cut in September. Since the initial rate cut, the yield on the 10-year U.S. Treasury has been climbing, resulting in a significant steepening of the yield curve and ending its inversion. The main drivers of this shift: solid economic data and Donald Trump. Shifting m ...
Fiery Flash: Volatility in Trump Media & Technology Group (TMTG)
Our Fiery Flash of the week is a one-of-a-kind company: Trump Media & Technology Group (TMTG). Shares of the company have experienced significant volatility, dropping by 22% in the past five trading days and 46% from their October 29 high. Despite these declines, the stock remains up by 27% over the last month and 58% year-to-date. Pretty volatile, isn’t it? The current mar ...
Fiery Flash: Sweco Exceeds Q3 Expectations
Sweco, the Swedish engineering consultancy, posted a strong third-quarter performance, with operating profit exceeding analyst expectations at SEK 569 million, slightly above the estimated SEK 559.3 million. Net sales reached SEK 6.78 billion, supported by a higher billing ratio and greater efficiency, though just shy of the SEK 6.86 billion forecast. CEO Åsa Bergman highligh ...
#MacroFriday: A billion here, a billion there
In the 1960s, US Senate Minority Leader Everett Dirksen warned about unchecked federal spending, famously saying, “A billion here, a billion there, and pretty soon you’re talking real money.” Modern Monetary Theory Modern Monetary Theory (MMT) is an economic framework that argues governments that issue their own currency can finance spending by creating more money rather than r ...
Radiopharmaceuticals: A Panoramic View
This Long Read delves into the therapeutic potential, market growth, and current developments surrounding radiopharmaceuticals—a sector poised for significant impact in the coming years. Radiopharmaceuticals, also known as radioligands, represent a highly promising new approach to cancer treatment. These compounds consist of a radioactive isotope linked to a pharmaceutical agen ...
Funding nature’s future: status of biodiversity financing during COP16
The UN’s largest biodiversity conference, COP 16 is currently underway in Colombia, offering an opportunity to align global financing with ambitious biodiversity targets set just two years ago in Montreal. This conference is the first of three COPs in rapid succession, setting a high bar for international collaboration on environmental goals, with COP 29 focusing on climate cha ...
Bridging the energy gap: How gas turbines support the global shift to renewables
As the world accelerates toward a more sustainable energy future, the transition is proving to be more complex and nuanced than a straightforward shift to renewables. While the growth of solar and wind capacity continues at a record pace, the need for reliable, flexible, and complementary energy sources remains critical. In this context, gas-fired power plants and turbines are ...
#MacroFriday: Flip or Flop? Swing states steal the 2024 spotlight!
Swing states, or battleground states, hold a pivotal role in U.S. presidential elections as their electoral votes can shift between Democratic or Republican candidates based on voter trends. These states are highly competitive, with narrow voting margins, making them unpredictable over time. This volatility drives political campaigns to pour a disproportionate amount of time, m ...
Fiery Flash: Sustainable packaging from the happiest nation
Yesterday, shares of Finnish company Huhtamäki rose approximately 8% following a positive reaction to its third-quarter results, with management signaling a gradual improvement in outlook. Huhtamäki, though headquartered in Finland, operates in 37 countries worldwide and has notably invested in emerging markets in recent years. The company’s annual sales reach around EUR 4.2 ...
Big Tech and nuclear: A match made in heaven?
With the progression of the digital age, the need for data centers to store and process vast amounts of information is surging, largely fueled by tech giants.These data centers, which power everything from cloud computing to AI, require significant amounts of electricity to function, and their energy consumption is projected to grow substantially. Currently, data centers consum ...