Brazil Economists' Shifting Calls Presage Thriller Rate Decision
Those last-minute changes — far from being isolated cases — highlight the tension gripping Brazil-watchers in financial districts from Wall Street to Faria Lima as they rack their brains before Wednesday's announcement. As of now, 19 of 31 analysts in a Bloomberg survey expect the central bank to pause its tightening cycle at 14.75%, while the remaining 12 forecast a rise to 15%.
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Yahoo
an hour ago
- Yahoo
1 Brilliant Quantum Computing Stock to Buy Before It Soars 70%, According to 1 Wall Street Analyst
Key Points IonQ is taking a unique approach to quantum computing. Quantum computing is expected to reach a turning point around 2030. 10 stocks we like better than IonQ › Wall Street analysts often give one-year price targets for stocks as a guide to where they think the stock is heading. While these projections are inherently flawed and in no way guarantee what will happen to a stock, understanding what the general analyst community thinks about a stock can be helpful in shaping your own research, especially in an area like quantum computing where there's a lot of hype. Kevin Garrigan from Rosenblatt Security recently set a new price target for quantum computing pure play IonQ (NYSE: IONQ). As of Wednesday's market close, IonQ was trading at $41.21 per share. Garrigan's price target is $70, indicating about 70% upside. That's a strong return in a short time frame, but is IonQ stock a buy now? IonQ's trapped ion approach shows potential IonQ is a leading quantum computing company, which is impressive considering that it doesn't have another business to fund its operations. IonQ relies on raising capital in the public markets and various contracts it has to fund its research, unlike many of the big tech competitors in this space, which have massive cash flows to fund their quantum computing research. Despite this disadvantage, IonQ has developed impressive quantum computing technology. IonQ has taken the trapped ion approach to quantum computing, which has benefits and drawbacks. On the plus side, trapped ion architecture has impressive fidelity, and IonQ holds the world record in 1-qubit gate fidelity tests. (A qbit, or quantum bit, is the basic unit of information used in quantum computing to encode data.) It can also be done at room temperature, while other solutions need to be cooled to absolute zero. On the downside, trapped ion quantum computing can have a slightly slower processing speed compared to other solutions. Time will tell whether this is a winning approach, but some of IonQ's early successes indicate that it could be viable. But will that be enough to deliver the $70 stock price that Garrigan thinks is possible? IonQ won't see real business gains for at least a few years Any stock price prediction for IonQ is speculation. While it has a handful of contracts and its quantum computing devices are available for use on all three major cloud computing services, there's really no commercial market for quantum computing right now. However, most quantum computing companies point toward 2030 being a key year, and IonQ is no exception. Its CEO projected that IonQ would be profitable and generate sales of nearly $1 billion by 2030. After that, management expects significant market expansion, with an $87 billion market emerging by 2035. To bridge the gap between profitability and its research phase, IonQ has $1.6 billion in cash, cash equivalents, and outside investments, which should allow it to reach this critical point. While it's impossible to know if IonQ's technology will propel it to be a winning quantum computing pick over the next few years, investors can feel confident that IonQ has the proper resources and backing to at least get to that point. Whether that's worth a $70-per-share target is a different question that I can't answer, but with all of the momentum behind quantum computing, I have a hard time seeing this stock slowing down anytime soon. As a result, I think it's worth an investment, as long as the position size is kept relatively small to help manage risk. Should you buy stock in IonQ right now? Before you buy stock in IonQ, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and IonQ wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Keithen Drury has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 1 Brilliant Quantum Computing Stock to Buy Before It Soars 70%, According to 1 Wall Street Analyst was originally published by The Motley Fool
Forbes
an hour ago
- Forbes
Fed Expected To Cut Interest Rates, Though Inflation May Be Picking Up
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Yahoo
4 hours ago
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HMRC confirms change that will give taxpayers lower interest rates in days
HMRC has announced the dates its new interest rates will take effect. Depending on the payment plan used by taxpayers, the dates for the diary were August 18 and 27. The change follows the Bank of England's recent base rate cut, the Mirror reports. READ MORE: 'New garden shed tax' warning as householders urged to check if they're affected The Bank of England Monetary Policy Committee declared a drop in the base rate on August 7. It will drop from 4.25 per cent to four per cent, marking the lowest it has been since March 2023. The base rate sets the tone for interest rates for building societies and banks. It impacts everyone from savers to homeowners, credit card holders and HMRC. Changes to HMRC's interest rates will affect those making late tax payments or receiving repayments on their bill. The current interest rates charged on these payments stand at 8.25 per cent and 3.25 per cent respectively. The late payment interest rate, which is calculated as the base rate plus four per cent, will drop to eight per cent following the Bank of England's change. Repayment interest rates, calculated as the base rate minus one per cent, will now drop to three per cent. The interest rates for quarterly instalment payments will fall on August 18. Meanwhile non-quarterly instalment payments will not benefit from the new rates until August 27. The interest rates were designed to incentivise people to pay tax on time and avoid the late payment interest. The repayment rate aims to fairly compensate taxpayers for any loss incurred due to overpayments. Late payment interest rates hit a record high of 8.5 per cent earlier this year - a level not seen since February 2000, according to HMRC data.
