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☆ The 30-year Treasury yield sharply rebounds amid sagging demand in latest government bond auction
▼ + stars: | 2023-11-09 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The 30-year Treasury yield surged to a peak of over 4.80% on Thursday. The move higher in yields comes after the recent auction was met with considerably weak demand. AdvertisementAdvertisementThe 30-year Treasury yield rose steeply on Thursday, spiking by as much as 15 basis points and rising back towards recent highs after steadily retreating in recent weeks. In Thursday's auction, the metric neared its lowest level in almost two years, Trading Economics reported. The sharp rise in bond yields snapped a winning streak among major US stock indexes.

Persons: —, hawkish, Jerome Powell, Powell Organizations: Treasury, Dealers, Service, Federal, Trading Locations: Treasurys

☆ Say goodbye to retirement? A 'soft saving' trend is emerging among young people
▼ + stars: | 2023-10-23 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +7 min

But a "soft saving" trend is emerging among younger workers, challenging the traditional way of thinking. Soft saving refers to putting less money into the future, and using more of it for the present. "Soft saving is the soft life's answer to finances," said the report. In addition, Americans are "re-focused" on post-pandemic travel, a possible reason why there is a decrease in personal saving rates, said Fidelity's Viktorin. ""Soft saving is the soft life's answer to finances."

Persons: Gen, Athima, —, Ryan Viktorin, Gen Z's —, Liz Koehler, Koehler, Viktorin, Andy Reed, X, Boomers, Z's, Z, Gen Z, Fidelity's Organizations: Intuit, Fidelity Investments, BlackRock's, Wealth Advisory, CNBC, U.S . Bureau, Trading Economics, Blackrock, Vanguard, Transamerican Center, Retirement Studies, Retirement

☆ India-Canada relations: how could trade be affected as tensions rise?
▼ + stars: | 2023-09-19 | by ( Manoj Kumar | ) www.reuters.com time to read: +5 min

On Tuesday, New Delhi dismissed the allegations as "absurd", and asked Canada instead to crack down on anti-India elements operating in its territory. Here is what is at stake for both countries:HOW ARE TRADE TALKS AFFECTED? Steady growth has seen goods trade rising to $8 billion in 2022, with Indian exports to Canada touching $4 billion and imports from Canada also worth $4 billion. Pharmaceutical products, worth about $418 million, made up the bulk of Indian exports last year, followed by iron and steel products worth about $328 million and machinery, nuclear reactors and boilers worth about $287 million. India's growing demand for imported lentils has benefited Canadian farmers, while Indian pharmaceutical and software companies have expanded their presence in the Canadian market.

Persons: Hardeep Singh Nijjar, Nanak, Chris Helgren, Justin Trudeau, Canpotex, Manoj Kumar, Arpan Varghese, Jaiveer, Clarence Fernandez, Anil D'Silva Organizations: REUTERS, Trading Economics, UN, Canpotex, Pharmaceutical, Caisse, Ontario Teachers, Bombardier, SNC Lavalin, TCS, Infosys, Wipro, Canadian Bureau of International Education, Thomson Locations: Surrey, British Columbia, Canada, DELHI, India, New Delhi, India's, Punjab, Bengaluru

☆ Here are 7 ways investors can be greedy while others are fearful as China's potential property crisis unfolds, according to UBS
▼ + stars: | 2023-09-07 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Here are the seven smartest ways to invest in Chinese markets, according to UBS. Stimulus should keep Chinese stocks from sinkingHowever, UBS believes that plenty of pain has already been priced into Chinese stocks. Naturally, China's property market turmoil has inspired comparisons to the US housing market bubble that led to the global financial crisis, but Yu is confident that such fears are overblown. "The government has the toolkit to minimize the risk of having something that is systematically disastrous in the financial markets," Yu said. If China's growth exceeds expectations, companies in the consumer discretionary and materials sectors will be among the biggest beneficiaries, according to UBS.

Persons: David Kelly, Xingchen Yu, Solita Marcelli, Yu, there's Organizations: US, UBS, Asset Management Locations: China, Shanghai, People's Republic, Swiss, Beijing, Taiwan

☆ The 20 most attractive US cities for homebuyers and investors seeking affordability in growing economies, according to Realtor.com — 5 of which have median prices below $300,000
▼ + stars: | 2023-09-02 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Danielle Hale says one of the biggest issues in the housing market right now is affordability. Housing supply remains low. As of Friday, the average 30-year fixed mortgage rate was at 6.79%. Between mortgage rates and property appreciation, buying a home takes up a more significant chunk of household budgets than it has over the last several years. And that context is important for the housing market because housing is such an interest rate-sensitive sector of the economy, she added.

Persons: Danielle Hale, Hale Organizations: Trading Economics, Federal Reserve Economic, Wall Street

☆ 10 US cities where real-estate investors can get the best bang for their bucks in lower home prices relative to higher rents charged, and 10 with the worst returns, according to a research firm
▼ + stars: | 2023-06-03 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Agent Advice found 10 cities that yield a high return with home values below the national median. A shortage of new listings is helping to steady property prices as elevated interest rates present affordability challenges for buyers." Cities with the best returns on investmentA recent study by Agent Advice analyzed home values and typical rent prices across US cities. He added that the top ten cities for the best ROI have a typical housing value far below the national average. And as many as seven of the ten have a typical housing value less than 50% of the national average.

Persons: Chris Heller, Victor Whitmore, Whitmore, Travis Hanson, Thomas Harr, Harr, Heller, Jackson Organizations: Investors, Trading Economics, Columbus, Dothan, Sumter Locations: Tulsa , Oklahoma, Lubbock , Texas, Columbus , Ohio, Cities, Houma, LA, Johnstown, Beckley, WV, Decatur, IL, Shreveport, Peoria, SC, Texarkana, TX, TN

☆ Oxfam calls for 'billionaire-busting' policies, says the world's top 1% has been getting richer much faster than everyone else
▼ + stars: | 2023-01-16 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The top 1% has garnered two-thirds of the $42 trillion new wealth created since 2020, per UK non-profit Oxfam. Oxfam's calling on governments to impose much higher taxes on the super-rich to redistribute wealth. That's twice as much as what the rest of the 99% managed to amass in new wealth, Oxfam said citing Credit Suisse data. Just four cents of every tax dollar come from wealth taxes, according to Oxfam's analysis based on data from the Organisation for Economic Co-operation and Development. Oxfam published its report just as the World Economic Forum commences on Monday in Davos, Switzerland.

☆ An often-overlooked economic measure is signaling serious trouble ahead
▼ + stars: | 2022-10-20 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

However, Fed officials are stressing that they're far from finished when it comes to raising rates. "When this basket is signaling the weakness that it's showing, what the Fed typically does is not raise rates. But in this case, it's not only raising rates aggressively, but with a commitment to continue raising rates aggressively." In addition to the typical headline metrics such as the consumer price index and the Fed's preferred personal consumption expenditures price index, the Cleveland Fed's "sticky price" CPI rose 8.5% on an annualized basis in September, up from 7.7% in August. The measure looks at items such as rent, the price of food away from home and recreation costs.

☆ Цена на нефть достигла самого высокого уровня за последние годы
▼ + stars: | 2021-06-10 | by ( Mld Media Srl | ) noi.md time to read: 1 min

Цена барреля британской марки Brent 14 июня поднималась выше отметки в $73,5 — это самый высокий уровень за последние несколько лет, сообщает Trading Economics. Отмечается, что цены на нефть достигли самого высокого уровня с октября 2018 года, при этом стоимость нефти марки WTI превысила $71, чему способствовал улучшенный прогноз спроса, поскольку ускорение вакцинации от коронавируса помогло снять часть ограничений на поездки в Европу и США. По состоянию на 22:50 мск, цена Brent составляет $73, WTI — $71,02. Ранее цены на нефть эталонных марок начали расти, реагируя на публикацию доклада Международного энергетического агентства (МЭА). Агентство сохранило прогноз по мировому спросу на нефть в этом году и ожидает его рост ежедневно на 5,4 млн баррелей.

Organizations: Международное энергетическое агентство (МЭА) Locations: Европа, США

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