forecaster | Common News Update

Mar212021 by adminNo Comments

Investors will get temporary relief from falling Treasury yields this spring, market forecaster Jim Bianco predicts

Finance

Investors may get a break from the market's wild swings.Wall Street forecaster Jim Bianco expects stocks to get a boost this spring because the benchmark 10-year Treasury Note yield will temporarily retreat."The near-term forecast is it's oversold, and it's probably due for a rally – meaning that we would have falling rates," the Bianco Research president told CNBC's "Trading Nation" on Friday.He predicts the drop will benefit the indexes, including the tech-heavy Nasdaq which has gotten rocked by rising rates in the past month. The Nasdaq is particularly vulnerable to rates because technology is considered a long duration asset like Treasurys."The stock market will definitely act like it's a relief," Bianco said.The 10-year yield closed the week at 1.70%, and it's up almost 89% so far thi...

Northern lights a ‘big miss,’ US space forecaster says

Technology

An initially promising U.S. forecast for the northern lights has gone bustByThe Associated PressDecember 10, 2020, 8:14 PM• 1 min readShare to FacebookShare to TwitterEmail this articlePORTLAND, Maine -- An initially promising U.S. forecast for the northern lights has gone bust.Stargazers in the continental 48 states have essentially zero chance of seeing the astronomical phenomenon this week, the head of operations at the U.S. government's space weather prediction center said Thursday.Curtains of color paint the night sky when the northern lights, or aurora borealis, are visible. Some early reports had suggested they would be viewable as far south as Illinois this week.Robert Rutledge, the lead of operations at the Space Weather Prediction Center, said the agency had high hopes for Thursd...

Deal changes outlook for BBC weather forecaster

Business

A Swiss-owned business information provider will emerge this week as the mystery buyer of MeteoGroup, the weather forecasting giant which supplies data to the BBC and British Airways. Sky News has learnt that TBG, which is based in Zurich, will fund the purchase of MeteoGroup through DTN, a company it acquired last year from the industrial powerhouse Schneider Electric.The takeover will follow a troubled period for MeteoGroup under the ownership of ‎General Atlantic, which initially invested in it in 2013.Sources close to the deal, which is expected to be announced in the next couple of days, said it would enable TBG to expand its presence in the growing market for weather information services and technology.MeteoGroup, which employs more than 100 meteorologists, has ...