How the ‘AI put’ has become the only thing that matters for stocks
While investors worry a spike in global bond yields will trigger a selloff in U.S. equities, strategists at BofA Global Research say the real threat lies elsewhere.
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One in three mortgage renewers anxious as pandemic-era terms expire
Regional variations paint a mixed picture The financial pressure is not evenly distributed across the country. Saskatchewan and Manitoba show the highest proportion of borrowers expecting payment increases, at 43 per cent, while Alberta sits at the opposite end at 29 per cent. Ontario, Quebec, and Atlantic Canada each come in at 39 per cent,…
Paramount Staffers React to Potential Plan to Ditch California
Reports that David Ellison is considering moving Paramount Skydance out of California have caused a thunderous round of commentary in the media world. Inside the company, employees say they have bigger concerns. Nine Paramount employees who spoke with Business Insider said they weren’t worried about the company’s potential move, either because they didn’t think it…
U.S. Rig Count Edges Higher
The U.S. rig count was little changed this week, with the total number of active rigs rising by 1 to 588. Oil rigs increased by 1, while natural gas and miscellaneous rigs were unchanged. Compared with a year ago, the total rig count is 48 rigs higher, led by a **41-rig increase in oil drilling….
Bond vigilantes stir as US 30-year yields climb to their highest mark since 2007
Higher US yields shrink how much American buyers can borrow for a given monthly payment and discourage homeowners holding low-rate mortgages from moving, Reuters reported. Banks, insurers, and pension funds face a separate channel, per the outlet, because a fast rise erodes the market value of existing long-dated holdings, and institutions forced to sell before…
Why Costco, Verizon, Kroger, and Other Safe Dividend Stocks Are Rising
Key Points Previously high-flying semiconductor stocks have plunged in recent days. Intensifying competition from Chinese chipmakers and mounting concerns that artificial intelligence (AI)-related spending may not produce its promised returns are prompting investors to seek shelter in more defensive businesses. That’s driving up the prices of dividend stocks like Kroger (NYSE: KR), Verizon (NYSE: VZ),…
