Why China’s Central Bank Halted Bond Purchases: Stabilizing Yields and Supporting the Yuan
China’s 10-year government bond yields hit record lows, and the yuan weakened against the U.S. dollar, triggering economic concerns. Analysts believe the PBOC’s halt in bond purchases is meant to control: Why Did the PBOC Act? Economic Growth and Stimulus Concerns China’s economy
Girl Scouts to Discontinue Two Cookie Flavors and Raise Prices
The Girl Scout cookie season has begun, but two popular flavors, S’mores and Toast-Yay!, will be discontinued after this year. These cookies join the retired Raspberry Rally flavor, which caused a frenzy when it was sold out and resold online at high prices.
GM and Ford Achieve Best U.S. Sales Since 2019, Boosted by EV Growth
Key Points: The U.S. auto industry made a strong recovery in 2024, as sales continued to rise after years of challenges from the pandemic and supply chain disruptions. General Motors (GM) and Ford Motor Company emerged as top performers, reporting their best annual
Mortgage Rates Soar to 6.91%, Intensifying Challenges for Homebuyers
Mortgage rates have climbed again, creating additional challenges for potential homebuyers. The average rate for a 30-year fixed mortgage recently reached 6.91%, the highest in nearly six months, up from 6.85%. The rise in mortgage rates occurred despite the Federal Reserve’s multiple interest
Global Reinsurance Rates Set to Drop 5%-15% for Loss-Free Portfolios on Jan 1
Global property catastrophe reinsurance rates are set to decrease by 5% to 15% on January 1, 2025, for portfolios without any recent loss history, according to reinsurance broker Guy Carpenter. This shift signals increasing competition in the market after several years of steady
“Media Ad Revenue Set to Stabilize in 2025, Boosted by Sports and Live Events”
Key Points: The advertising market is showing positive momentum heading into 2025, particularly for media companies with rights to sports and live programming. Industry executives have highlighted the stabilizing trends as uncertainty tied to the 2024 election fades. Sports and Live Events Drive
HCC Shares Drop 4% After Claims Settlement, Strong Order Pipeline in Focus
Claims Settlement and Financial Impact HCC recently completed a claims settlement worth ₹180 crore with a major client. This settlement reduced client advances by ₹130 crore, which is expected to lower annual financing charges by ₹15 crore. Additionally, ₹50 crore of the settlement
Jerome Powell’s Leadership: Navigating Inflation and New Economic Challenges
Federal Reserve Chair Jerome Powell has skillfully navigated the U.S. economy through crises like the pandemic and record-high inflation. While inflation has dropped near the Fed’s 2% target, challenges loom large, with President-elect Donald Trump’s policies threatening to push prices back up. Inflation
Dow Drops Over 1,100 Points, Hits Longest Losing Streak Since 1974
Dow Experiences Historic Decline The Dow Jones Industrial Average fell sharply on Wednesday, dropping over 1,123 points (2.6%). This marks the longest losing streak since 1974, extending its slide to 10 consecutive days. The plunge came after the Federal Reserve’s policy statement indicated
“Why Are Food Prices Rising Again? Causes Behind the Surge”
A Shortage of Eggs and Rising Grocery Costs On the Sunday before Thanksgiving, a grocery store in Rochester, Minnesota, ran out of eggs. Meanwhile, in Richfield, an hour and a half away, eggs were available but at a steep price—40% higher than just