Tue, Jan 7, 2025 9:56 PM
Investment rate likely declined to 30.1% in FY25, a three-year low
A Flip by Shubhangi Gupta
A sharp selloff in some of the world's biggest government bond markets and a surge in the dollar are sending shockwaves through financial markets, with the pain seen deepening as uncertainty grows over Donald Trump's policies. On Wednesday, 10-year Treasury yields (^TNX), which underpin trillions of dollars in daily global transactions, jumped to above 4.7%.
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Nandan Chakraborty, Head of Strategy at DAM Capital, said in uncertain times, two things are important when investing. First, one should have a margin of safety when selecting stocks, which is why DAM has created a list of stocks that the strategists believe could double in value. Second, it's important to have a balanced portfolio, with both low-risk and high-risk investments. DAM Capital h...
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Absci Corporation's stock surged 44.3% in pre-market trading after partnering with Advanced Micro Devices to enhance AI drug discovery capabilities, with AMD investing $20 million in public equity. The collaboration will leverage AMD's Instinct accelerators and ROCm software to support Absci's advanced antibody design models.
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