An Imported Rise in Japan’s Yields Could Tempt Bond Bulls

If the U.S. election manages to catapult Treasury yields and their global peers higher, that could create an opportunity for Japanese bond bulls, given the muted outlook for inflation in the Asian nation. Japan’s yield curve has been steepening alongside its American counterpart, as the reflationary theme that has taken hold in Treasuries permeates global bond markets. The 10-year, 30-year […]

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Amazon Wins Order to Stall $3.4 Billion Reliance-Future Deal

Amazon.com Inc. secured relief in its dispute with Future Group after a court put a temporary hold on Future’s $3.4 billion sale deal with Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. An arbitration court in Singapore restrained Future Retail Ltd. and its founders from going ahead with the sale of assets, according to people with knowledge of the matter, who […]

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AmEx profit lags expectations as consumer spending falters

More stimulus will ‘absolutely’ make a difference on consumer spending: Retail expert KB Advisory Group founder Kristin Benz discusses her outlook for the markets. American Express Co. missed third-quarter profit estimates as its customers spent less during the COVID-19 fueled economic slowdown and the financier set aside money for potential payment defaults, sending its shares 3% lower. Continue Reading Below The […]

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Wales is introducing a 'firebreak' lockdown. What this means

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)The world’s top economies took huge steps in recent months to recover from the worst recession in a generation. Now, with coronavirus cases surging again, that progress could be reversed. What’s happening: Business activity has […]

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Commodities bull market is coming: Goldman Sachs

Oil billionaire Harold Hamm: Biden presidency could run up gas prices, double electric bills Oil billionaire Harold Hamm discusses the presidential election’s impact on the energy sector and the state of the U.S. economy. Commodities are on the cusp of entering a structural bull market thanks in part to a weakening U.S. dollar and rising inflation risks, according to Goldman […]

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5 things to know before the stock market opens Thursday

U.S. stock futures pointed to a mixed open as investors shift through tons of quarterly earnings reports and jobless claims data, read the tea leaves on coronavirus stimulus talks, and look ahead to the final presidential debate Thursday night. Wall Street was pacing for a weekly loss as the Dow Jones Industrial Average, S&P 500 and Nasdaq logged another session […]

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Yuan Rallies to Strongest in Two Years in Renewed Test for PBOC

In this article The yuan climbed to its strongest level since July 2018, presenting China’s central bank with another test of how much appreciation it will tolerate. The yuan gained as much as 0.25% to 6.6602 a dollar on Wednesday morning in Shanghai. The People’s Bank of China earlier fixed its daily reference rate at 6.6781, which was slightly weaker […]

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Homebuilder confidence hits record helped by urban exodus

‘Almost impossible’ to build homes in some areas: NAHB CEO National Association of Home Builders President and CEO Jerry Howard argues his industry is doing very well despite dealing with high material costs and labor shortages. U.S. housing remains red hot and that's good news for the nation's builders benefiting from record low-interest rates and those individuals leaving big cities […]

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