Tag: ST:HM-B
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Bonus Pool Decreases on Wall Street, H&M Surprises with Profit
Bet on Fed Rate Cut Pays Off A bet was made in January that the Federal Reserve would lower its benchmark rate to 1.5% by the end of the year, and it appears to have been closed for a profit of $10 million after almost becoming worthless in February due to banking turmoil. The bet…
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Meta May Ban Political Ads, Real Estate Valuations Plummet
European Stocks Rally European stocks rose, following a rally on Wall Street that saw the tech-heavy Nasdaq 100 rise to a bull market, as investors bet that interest rates have peaked and bank instability will ease. The Stoxx Europe 600 Index was led by technology, real estate, and retail shares, with Hennes & Mauritz AB…