By Svea Herbst Baylis NEW YORK (Reuters) – Billionaire investor William Ackman stated on Wednesday that his hedge fund Pershing Sq. Capital Administration has positioned a guess on 30-year U.S. Treasury notes, calling it a hedge towards the influence of rising long-term rates of interest on shares. Unbiased guess. “We have been brief the scale of T for 30 years,” Ackman wrote on messaging platform X, previously Twitter. He stated that if long-term inflation is 3% quite than 2%, the 30-year Treasury yield might rise to five.5%, including “and that would occur quickly.” On Wednesday, the yield on the 30-year

(Bloomberg) — Qualcomm Inc. , the biggest maker of smartphone processors, fell 8.2% in late buying and selling after it delivered a tepid gross sales forecast for the present quarter, indicating that demand for cell gadgets stays weak. Most Learn from Bloomberg Qualcomm stated Wednesday in a press release that gross sales will vary between $8.1 billion and $8.9 billion within the fourth quarter of the fiscal 12 months. The midpoint of this vary is properly beneath the typical analyst estimate of $8.79 billion. The forecast renewed issues concerning the smartphone business within the grip of its worst downturn in