ECB Officials Say Those Seeking Another Rate Cut Face a Battle
A hold looks like the baseline for September after eight cuts since June 2024, the people said, asking not to be identified revealing private discussions. Some suggested that the onus is on those seeking further easing to justify their stance, rather than those opposed to more action having to make their case.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 minutes ago
- Yahoo
Sibanye Stillwater Limited (SBSW): A Bull Case Theory
We came across a bullish thesis on Sibanye Stillwater Limited on by walter99. In this article, we will summarize the bulls' thesis on SBSW. Sibanye Stillwater Limited's share was trading at $9.24 as of July 25th. SBSW's trailing and forward P/E were 4.67 and 10.94, respectively according to Yahoo Finance. A mine entrance, showcasing the precious metals and minerals that this company produces. Sibanye-Stillwater (SBSW), a major producer of platinum group metals (PGMs)—platinum, palladium, and rhodium—offers a leveraged play on a sector where years of underinvestment and misjudged demand forecasts have created the setup for an extended upcycle. PGMs are essential for automotive catalysts and jewelry, with catalytic converters alone accounting for 43% of platinum and 84% of palladium demand. Market pessimism has been fueled by overestimates of battery electric vehicle (BEV) penetration, but BEV sales growth in the U.S. and Europe flatlined in 2024, suggesting that internal combustion engine and hybrid vehicle demand—and thus PGM demand—will remain resilient. Supply is structurally constrained: South African PGM miners underspent by ~$18 billion over the last decade, 40% of global supply operates at or below cash costs, and production is forecast to decline through 2029. With long lead times for new supply, a persistent deficit projected by the World Platinum Investment Council, and palladium in deficit until at least 2028, any uptick in demand can drive a sharp price response. Recycling, a secondary supply source, remains depressed post-COVID, adding to market tightness. SBSW's profits, crushed by low PGM prices in 2024, have substantial torque to higher prices, as shown in 2020–2021 when the stock hit $20 on elevated metal prices. Today, at $7, platinum's rebound to $1,250 suggests early signs of a cyclical turn. Risks include economic weakness, faster BEV adoption, and rising recycling supply, but with constrained production, a decade of underinvestment, and platinum already rallying, SBSW presents asymmetric upside if PGM prices sustain an upcycle. Previously, we covered a on Sibanye Stillwater Limited (SBSW) by Hugo Navarro in February 2025, highlighting its diversified asset base in PGMs, gold, lithium, and recycling, with growth levers despite weak PGM prices. The stock has appreciated by about 130% as PGM prices rebounded. The thesis still stands, and Walter99 shares a similar view but emphasizes SBSW's leverage to a sustained PGM upcycle. Sibanye Stillwater Limited is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 20 hedge fund portfolios held SBSW at the end of the first quarter which was 18 in the previous quarter. While we acknowledge the potential of SBSW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 minutes ago
- Yahoo
Trump set to announce replacement for Fed Gov Kugler this week. The Fed chair in waiting?
President Trump said he plans to name a replacement this week for Federal Reserve governor Adriana Kugler, whose unexpected resignation set for this Friday offers the president an opportunity to put in place a successor for Fed Chair Jerome Powell. 'I have a couple of people in mind,' President Trump told reporters Sunday night. 'I'll be announcing that probably over the next couple of days.' Kugler's term as a governor was set to expire on Jan. 31. She has served as a Fed governor since Sept. 13, 2023, and will return to Georgetown University as a professor this fall. Kevin Warsh, a former Fed governor, and Kevin Hassett, the current chair of the President's Council of Economic Advisors, are thought to be at the top of the list for the next Fed chair and thus possible nominees to replace Kugler. Treasury Secretary Scott Bessent, who is leading the search for Powell's replacement and is also a potential contender, has already sketched out a scenario where the White House appoints someone to fill Kugler's seat who can then be in the running to succeed Powell next May. The White House also hopes that Powell decides to leave the Fed Board of Governors when his chairmanship is up, which would open up a second seat that Trump can fill. Powell has not yet said whether he intends to do that; his term as a Fed governor is not up until 2028. Read more: How much control does the president have over the Fed and interest rates? Warsh already has a lot of experience navigating the central bank. He served as Fed governor from 2006 until 2011 and became former Fed Chair Ben Bernanke's liaison to Wall Street during the chaos of the 2008 financial crisis. He is also a known figure to Trump, who interviewed him for the Fed chair post eight years ago before deciding on Powell. Trump appointed Powell to be Fed chair in 2018 at the direction of then-Treasury Secretary Steven Mnuchin. Former President Joe Biden reappointed Powell in 2022. Warsh has been critical of the Fed as of late. He has suggested that the Fed could look through increases in inflation from tariffs because it would be a one-time increase in prices. He's also argued that the costs involved in renovating the Fed's headquarters represent one of several examples of how the Fed "has lost its way" and that the American people "need a reformer to fix" the institution and rebuild its credibility. "Frankly, it's about breaking some heads," he said on Fox Business last month, calling for "regime change." Back in April, Warsh gave a speech in Washington, D.C., in which he said that the Fed's "current wounds are largely self-inflicted" and called for a "strategic reset" to ease a loss of credibility and damage to the Fed's standing. Hassett, meanwhile, already has a close relationship with Trump, given that he advises the president on economic policy and also served in the first Trump administration. Read more: How jobs, inflation, and the Fed are all related Earlier in the year, Hassett said he was more focused on the 10-year Treasury yield (^TNX) than on any quick monetary policy changes at the Federal Reserve. While the Fed can influence short-term bond yields and long-term bond yields, longer-term bond yields are influenced by many factors outside the Fed, and it is the yield on the 10-year Treasury that influences mortgage rates. But lately, Hassett has been more blatant, saying there's no reason why the Fed shouldn't be cutting rates now, something the president has repeatedly hammered the central bank to do. The president will likely watch whoever he appoints to the open Fed governor position to see how they perform and whether they'd be a successor for Powell, whose term ends next May. Though Fed governors Chris Waller and Michelle Bowman are also jockeying for the position of Fed chair, in part by dissenting at last week's Fed policy meeting in favor of cutting rates by 25 basis points, rather than holding rates steady. The opportunity for the White House to fill Kugler's seat earlier than expected comes as Trump applies pressure on Powell and the Fed board to lower rates by as many as 3 percentage points. Whoever the president appoints, it is the Federal Open Market Committee, which is composed of 19 members, that makes the decision, not just the Fed chair, and the new chair will have to contend with the committee. Jennifer Schonberger is a veteran financial journalist covering markets, the economy, and investing. At Yahoo Finance she covers the Federal Reserve, Congress, the White House, the Treasury, the SEC, the economy, cryptocurrencies, and the intersection of Washington policy with finance. Follow her on X @Jenniferisms and on Instagram. Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
8 minutes ago
- Associated Press
Brewery-Inspired Scalable CO2 Liquefaction Solves Missing Link for Carbon Capture Startups
From Craft Beer to Climate Solutions: Kim Dalum's Scalable Brewery-Inspired CO2 Liquefaction Solves Missing Link for Carbon Capture Startups. 'It's been a rewarding experience working with some of the brightest pioneers and innovators in the carbon capture industry to help them solve this ongoing challenge of processing and liquefying CO2.'— Kim Dalum SøNDERSø, DENMARK, August 4, 2025 / / -- The fight against climate change demands innovative solutions, and sometimes, the most impactful advancements emerge from unexpected places. DALUM Beverage Equipment, a Danish startup initially focused on CO2 recovery within the craft brewing industry and is now proving to be a critical enabler for broader carbon capture and direct air capture (DAC) initiatives, thanks to its pioneering and cost-effective CO2 liquefaction technology. Founded by veteran engineer Kim Dalum, a recognized expert in CO2 processing, DALUM Beverage Equipment developed a patented solution allowing craft breweries and distilleries to recover, purify, and liquefy CO2 produced during fermentation for reuse or sale. This process is a significant 'low-hanging fruit' for carbon avoidance, given that fermentation CO2 boasts over 97% purity, a stark contrast to the mere ~12% purity typically found in industrial flue gases. The potential impact within the beverage sector alone is substantial. With 22 million barrels of craft beer produced globally each year, there's a potential to recover 80,000 metric tons of CO2 annually, at an estimated cost of just €70 per ton. A prime example of this success is Stewart Brewing in Scotland, which not only reuses its recovered CO2 but also sells the excess, turning a waste product into a valuable revenue stream. Beyond breweries, distilleries represent another largely untapped source of biogenic CO2. While distilleries don't typically use CO2 in their processes, captured CO2 could be sold, sequestered in building materials, or even used for dry ice – all applications that directly displace CO2 sourced from industrial, fossil fuel-intensive processes. However, DALUM's journey has taken an unexpected turn, revealing a critical need in the wider carbon capture landscape. Over the past two years, numerous carbon capture and DAC startups have approached DALUM, seeking solutions for the final, crucial stage of their process: CO2 liquefaction. Many of these nascent companies, while excelling in front-end capture and enrichment technologies, struggle with finding cost-effective, turn-key solutions for liquefying CO2, especially pilot programs and smaller-scale commercial plants. Kim Dalum elaborates, 'It's been a rewarding experience working with some of the brightest pioneers and innovators in the carbon capture industry to help them solve this ongoing challenge of processing and liquefying CO2 – no single project is the same and very much experimental in nature.' This is where DALUM's specialized expertise shines. Kim Dalum's background as the former CEO of Union Engineering (now owned by Pentair), a leading manufacturer of industrial CO2 recovery plants, provides an unparalleled foundation in gas processing. DALUM has leveraged this experience to design custom liquefaction solutions capable of purifying CO2 with purity as low as 70% coming from flue gas at a project with the environmental technology company ESTECH in Denmark at the municipality of Odense. Another project Kim Dalum personally was involved in, is in Germany, an innovative DAC project led by DACMA and Karlsruhe Institute of Technology (KIT). Crucially, DALUM's plants are designed for accessibility. Starting at €44,000, for their smallest size, a 5kg/hr unit, they arrive fully assembled and are remarkably compact – about the size of a phone booth. This makes them an attractive proposition for startups that need efficient, scalable, and readily deployable liquefaction capabilities without significant upfront infrastructure investment. To date, DALUM has sold ten plants to carbon capture and DAC customers ranging in capacities from 5kg per hour of CO2 to 30kg+ per hour, demonstrating the versatility of their technology, with some units customized for lower purity CO2 streams and others being standard models. By providing this essential 'last mile' solution, DALUM enables carbon capture and DAC startups to focus on their core capture technologies, accelerating the deployment of crucial climate solutions. DALUM Beverage Equipment's evolution from a niche beverage industry supplier to a pivotal player in the broader carbon capture ecosystem highlights the interconnectedness of sustainable practices across industries. Their innovative approach to CO2 liquefaction is not just optimizing brewing; it's helping to unlock the potential of a truly circular carbon economy. About Dalum Equipment DALUM Equipment based in Denmark and Wisconsin, USA was founded by Kim Dalum, PhD. Dalum's mission is to make a significant contribution to the reduction of global CO2 emissions in the craft brewing market and beyond. Kelly Fetherolf Dalum Beverage Equipment +1 818-391-7544 email us here Visit us on social media: LinkedIn Instagram Facebook YouTube Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
