In response to Donald Trump’s election victory, US Treasuries have rebounded from a sell-off, with the 10-year Treasury yield dropping to 4.27%. Investors are questioning the impact of Trump’s policies on inflation and interest rates, with the Federal Reserve chair emphasizing a wait-and-see approach. Market sentiment has shifted, with US stocks rising and traders anticipating a possible rate cut at the Fed’s December meeting.
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Why Venture Global Rallied Today, Despite an Earnings "Miss"
Shares of liquefied natural gas export terminal operator Venture Global (NYSE: VG) increased by 8.3% today, despite the company missing revenue and earnings expectations for the first quarter and lowering its adjusted EBITDA outlook for the year. The stock surged as management announced that its second liquefied natural gas (LNG) facility would commence full production earlier than anticipated, allowing the company to capitalize on high spot prices for LNG. This optimism outweighed the disappointing financial...
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