FilippoBacci Goldman Sachs’ global head of investment grade credit, Jonny Fine, believes the Federal Reserve will cut interest rates four times this year, with the first reduction coming in June and subsequent cuts back-end loaded through the remainder of 2026. Fine also expects the U.S. 10-year yield ( US10Y ) could fall to 3.5% later in the year, a more dovish outlook than his colleagues at Gold...
FilippoBacci Goldman Sachs’ global head of investment grade credit, Jonny Fine, believes the Federal Reserve will cut interest rates four times this year, with the first reduction coming in June and subsequent cuts back-end loaded through the remainder of 2026. Fine also expects the U.S. 10-year yield ( US10Y ) could fall to 3.5% later in the year, a more dovish outlook than his colleagues at Goldman Sachs. “I think there’ll be four cuts over the course of this year. They’ll be back-end loaded,” Fine said in an interview with CNBC. He attributed his dovish stance to the transition in Fed leadership, explaining that with Walsh coming in as Fed chair, he believes “the Fed will move to a more anticipatory stance when it comes to making monetary policy decisions.” The interview also addressed the massive capital requirements facing big tech companies as they fund what Fine described as “clearly the largest infrastructure build in human history.” In just the last two weeks of earnings announcements, capital expenditure estimates from major tech firms rose by between $120B and $150B from previous projections. Oracle ( ORCL ) announced plans to raise up to $50B in debt and equity this year, with its $25B debt component generating “the largest order book in our market in history,” according to Fine. The deal attracted close to 3,000 line items of investor participation from an “incredibly broad array of institutional investors around the world.” Alphabet ( GOOGL ), ( GOOG ) also made waves by launching tech’s first 100-year bond since 1997, issuing the largest sterling deal ever done in the capital markets alongside the largest non-domestic Swiss franc bond on record. Fine noted that credit conditions remain “very affable” in the U.S., with spreads close to 1997 lows. Despite some tech giants potentially entering negative free cash flow territory during this buildout phase, the bond market remains unconcerned. “The expectation, it’s really a short-term build of an extraordi...
Considered the father of Afrobeat, Kuti used his music in the 1970s to combat colonial values and brutal dictatorship. Podcaster Jad Abumrad tells his story in the series, Fela Kuti: Fear No Man .
Considered the father of Afrobeat, Kuti used his music in the 1970s to combat colonial values and brutal dictatorship. Podcaster Jad Abumrad tells his story in the series, Fela Kuti: Fear No Man .
David Cameron/iStock Editorial via Getty Images Alphabet’s Waymo ( GOOG ) ( GOOGL ) is raising the bar on autonomous driving with the launch of its most advanced driver technology, built to handle even more treacherous road conditions and accelerate the large-scale deployment of its AVs. The 6 th generation Waymo Driver was developed using data from nearly 200 million fully autonomous miles across...
David Cameron/iStock Editorial via Getty Images Alphabet’s Waymo ( GOOG ) ( GOOGL ) is raising the bar on autonomous driving with the launch of its most advanced driver technology, built to handle even more treacherous road conditions and accelerate the large-scale deployment of its AVs. The 6 th generation Waymo Driver was developed using data from nearly 200 million fully autonomous miles across the dense urban cores of more than 10 major cities and expanding network of freeways. “By leveraging breakthroughs in AI and validating the system through our rigorous safety framework, we can now accelerate our journey to the road with unprecedented velocity and confidence. Today, we're lifting the lid on our 6th-generation Waymo Driver's sophisticated sensing technology delivering expanded capabilities at a lower cost,” the company said in a statement on its website. Through advancements in Waymo’s vision systems (lidar and radar) and external audio receivers (EARs), the 6 th generation Waymo Driver now “operates at a level superior to human eyes and ears” that can pull critical details out of deep shadows while being hit with bright lights from high beams or emergency vehicles. Through the use of Waymo’s next-generation 17-megapixel imager, the driver can capture millions of data points with fewer cameras and remain obstruction-free in snow and rain conditions. Additionally, in conditions where a camera’s view may be limited, Waymo’s lidar and radar provide the necessary redundancy to maintain the driver’s perception. To complement more sophisticated cameras, Waymo’s EARs can detect important sounds on the road while at the same time reduce the amount of wind noise, making it more effective in determining where the sound is coming from before it obtains a visual location. The 6 th generation system also marks a major shift at the company’s AV factory in Metro, Phoenix, to allow for a “meaningful” scale towards its goal of tens of thousands of units per year. News of Way...
J Studios/DigitalVision via Getty Images This week, mortgage rates inched down and housing affordability continued to improve, showed the latest Freddie Mac ( FMCC ) Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.09% as of February 12, down from 6.11% last week and 6.87% in the same period a year ago. 15-year fixed-rate mortgages averaged 5.44%, compared to 5.50% a week ago and 6...
J Studios/DigitalVision via Getty Images This week, mortgage rates inched down and housing affordability continued to improve, showed the latest Freddie Mac ( FMCC ) Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.09% as of February 12, down from 6.11% last week and 6.87% in the same period a year ago. 15-year fixed-rate mortgages averaged 5.44%, compared to 5.50% a week ago and 6.09% in the prior year. "Bolstered by strong economic growth, a solid labor market and mortgage rates at three-year lows, housing affordability continues to measurably improve," said Sam Khater, Freddie Mac's chief economist. "These factors have caught the attention of many prospective homebuyers, driving purchase application activity higher than a year ago," added Khater. Here is a look at this week's survey results: Source: Freddie Mac More related to Mortgages U.S. Economy: Housing Is Going Nowhere In 2026 Affordability Is The New Macro Trade: Here's How I'm Positioning For The Winners Zillow Home Value Index: 'Real' Home Values Fall To Near 5-Year Low Existing home sales slide more than expected in January, amid challenging weather Mortgage demand falls marginally as rates stabilize
Enron, once a leading energy company, collapsed in 2001 amid the largest bankruptcy filing at the time, valued at $63.4 billion in assets. The scandal involved fraudulent accounting through special purpose entities that hid billions in debt and inflated profits, leading to investor losses exceeding $74 billion and criminal charges against executives. Reforms like Sarbanes-Oxley ... Uh-Oh! Is Meta ...
Enron, once a leading energy company, collapsed in 2001 amid the largest bankruptcy filing at the time, valued at $63.4 billion in assets. The scandal involved fraudulent accounting through special purpose entities that hid billions in debt and inflated profits, leading to investor losses exceeding $74 billion and criminal charges against executives. Reforms like Sarbanes-Oxley ... Uh-Oh! Is Meta Platforms Following in Enron’s Footsteps?
Senate Democratic leader Chuck Schumer warned that Democrats would oppose a measure to fund the Department of Homeland Security, raising the risk of a partial government shutdown. Tyler Kendall reports. (Source: Bloomberg)
Senate Democratic leader Chuck Schumer warned that Democrats would oppose a measure to fund the Department of Homeland Security, raising the risk of a partial government shutdown. Tyler Kendall reports. (Source: Bloomberg)
Mohamad Faizal Bin Ramli/iStock via Getty Images Rubrik, Inc. ( RBRK ) has slumped more than 50% since the stock hit a wall last year. The enterprise cybersecurity stock has been hit with the AI software sell-off, but the sector probably benefits more from AI growth than not. My investment thesis is now ultra Bullish on Rubrik, with the stock looking to bounce off $50. Source: Finviz Built For An ...
Mohamad Faizal Bin Ramli/iStock via Getty Images Rubrik, Inc. ( RBRK ) has slumped more than 50% since the stock hit a wall last year. The enterprise cybersecurity stock has been hit with the AI software sell-off, but the sector probably benefits more from AI growth than not. My investment thesis is now ultra Bullish on Rubrik, with the stock looking to bounce off $50. Source: Finviz Built For An AI World Rubrik builds data identity and resilience products that protect enterprises from cyberattacks where the major risk is the criminal logging into the system. The business is built for an AI world with AI agent adoption and the special identity requirements. The company is a cyber resilience leader pulling together the data backup and cybersecurity areas to protect customer data in an AI world where enterprise data is ever more valuable. The strong subscription growth would support AI creating more demand to monitor AI agents and backup data, though AI innovations are constantly changing the market dynamics, and the future is unknown. Rubrik Agent Cloud helps enterprises manage risk by monitoring and auditing AI agentic actions, enforcing real-time guardrails for agentic changes, and works to fine-tune agents for accuracy and fix mistakes. In essence, the company appears positioned to benefit from an AI world. Source: Rubrik FQ3 2026 presentation Rubrik is a subscription ARR growth machine with 34% growth in FQ3 2026 to reach $1.35 billion with a record $94 million in net new ARR. The company has shown no signs of slowing and is guided to ending FY 2026 with ARR of $1.44 billion for 32% growth. Source: Rubrik FQ3 2026 presentation The company forecasting over 30% ARR growth doesn't support AI impacting the business one bit. Rubrik has a history of conservative guidance , with the original forecast for the year established at a high of only $1.36 billion. Value Bin Now The stock only trades at 7x FY27 revenue targets of $1.6 billion. Naturally, the stock had double th...
Although maxing out a 401(k) is not an easy thing to do, you'll often hear that it's a smart thing to do for your retirement. If you're able to contribute the maximum to a 401(k) plan year after year, you could end up with a substantial nest egg. This year, the maximum 401(k) contribution you can make is $24,500 if you're under 50, or $32,500 if you're 50 or older. And thanks to a new rule, worker...
Although maxing out a 401(k) is not an easy thing to do, you'll often hear that it's a smart thing to do for your retirement. If you're able to contribute the maximum to a 401(k) plan year after year, you could end up with a substantial nest egg. This year, the maximum 401(k) contribution you can make is $24,500 if you're under 50, or $32,500 if you're 50 or older. And thanks to a new rule, workers between ages 60 and 63 can make a special $11,250 catch-up in a 401(k), bringing this year's total contribution to a whopping $35,750. Image source: Getty Images. Continue reading
Shareholders of CRA International Inc (Symbol: CRAI) looking to boost their income beyond the stock's 1.5% annualized dividend yield can sell the August covered call at the $175 strike and collect the premium based on the $12.00 bid, which annualizes to an additional 14.9% rate
Shareholders of CRA International Inc (Symbol: CRAI) looking to boost their income beyond the stock's 1.5% annualized dividend yield can sell the August covered call at the $175 strike and collect the premium based on the $12.00 bid, which annualizes to an additional 14.9% rate