Gilt Yields Unlikely to Rise Further, BNP Paribas Says

    Sam Lynton-Brown, head of global macro strategy at BNP Paribas Markets 360, discusses the economic situation in the United Kingdom. Speaking on Bloomberg Television, he says BNP is not expecting UK long-term borrowing costs to go higher following the yield on 30-year gilts’ jump to 5.78% earlier in the week. “We think that’s actually one…

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      Samsung Hits $1 Trillion Valuation

      Samsung Electronics reached a $1 trillion market valuation, driven by the AI boom. This makes it only the second Asian firm, after TSMC, to hit the mark and puts it in the same elite group as companies like Nvidia and Apple. (Source: Bloomberg) Source link

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      Hikaru Nakamura Wins Titled Tuesday

      For most players, a six-month wait between Titled Tuesday victories would not be remarkable; hundreds play every single week, yet only a few dozen players have even won twice ever. But for all-time victories leader GM Hikaru Nakamura, months between wins can feel like centuries—upon claiming the May 5 tournament, Nakamura exclaimed on stream: “For…

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