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Benzinga
8 Of The Highest Yielding Equity REITs
One of the attractions of real estate investment trusts (REITs) is that some pay exceptionally high dividends. How long this can continue – with the Fed about to raise interest rates – is another question, but, for now, it’s easy to find REITs paying 6%+ dividends. Here are eight with enough average daily volume to qualify as liquid enough for large institutions to enter: Simon Property Group Inc. (NYSE: SPG) pays a 7.03% dividend. The Indianapolis-based firm is a retail-oriented operation with
SmartAsset
$600K Buys You This Much Retirement
One of the biggest worries associated with retirement planning is making sure you have enough money tucked away. While some people might aim to save $1 million or even $2 million for the future, your goal might be to save … Continue reading → The post How Long Will $600,000 Last in Retirement? appeared first on SmartAsset Blog.
Bloomberg
RBA Sees Some QE Benefits, Unlikely to Pay Dividend for a Period
(Bloomberg) — Australia’s central bank saw benefits from its quantitative easing program, though the ongoing costs are likely to prevent it from paying the government a dividend for some time, a review showed.Most Read from BloombergHome-Flipper Opendoor Hit With Losses in Echo of Zillow CollapseTycoon’s Wild $3 Billion Gamble on ‘China’s LVMH’ CrashesFed Set to Reveal ‘Pain’ Coming in Next Stage of Inflation Fight‘Mute Your Phones’: Trump Special Master Hearing Descends Into ChaosSouthwest Mex
The Telegraph
HSBC was ‘challenged’ on merits of a break-up, says bank chief
HSBC chief executive Noel Quinn has said he was “challenged” by external advisers about a potential break-up of the bank but ultimately concluded it would be “a net negative”.
Yahoo Finance Video
Germany’s Oktoberfest returns with higher prices
Yahoo Finance Live anchors discuss the return of Germany’s Oktoberfest after a two-year hiatus as well as the increase in costs for the event.
Bloomberg
Global Investors Cut Exposure to China on Rising Risks
(Bloomberg) — Global investors in private equity and venture capital funds say they are rotating away from China as clients are reassessing risks because of the country’s rapidly changing environment.Most Read from BloombergHome-Flipper Opendoor Hit With Losses in Echo of Zillow CollapseTycoon’s Wild $3 Billion Gamble on ‘China’s LVMH’ CrashesFed Set to Reveal ‘Pain’ Coming in Next Stage of Inflation Fight‘Mute Your Phones’: Trump Special Master Hearing Descends Into ChaosSouthwest Mexico Struc
Insider Monkey
10 Best Cheap DRIP Stocks to Buy Now
In this article, we discuss 10 best cheap DRIP stocks to buy now. You can skip our detailed analysis of DRIP investment and the performance of DRIP stocks in the past, and go directly to read 5 Best Cheap DRIP Stocks to Buy Now. A dividend reinvestment plan, or DRIP, is a well-known investment strategy […]
Reuters
Fed set for big rate hike as waters get choppy for world’s central banks
The Federal Reserve is expected on Wednesday to lift interest rates by three-quarters of a percentage point for a third straight time and signal how much further and how fast borrowing costs may need to rise to tame a potentially corrosive outbreak of inflation. The policy decision, due to be announced at 2 p.m. EDT (1800 GMT), will mark the latest move in a synchronized policy shift by global central banks that is testing the resilience of the world’s economy and the ability of countries to manage exchange rate shocks as the value of the dollar soars. While investors largely expect the Fed to lift its policy rate by 75 basis points to the 3.00%-3.25% range, markets could be unsettled by the updated quarterly economic projections that will be released along with the policy statement.
SmartAsset
How to Retire During a Market Downturn: It’s All About Withdrawing This Way
It’s always hard to make your retirement savings last as long as you need it to – but it becomes even harder when you’re retiring during a market downturn, as Americans retiring right now are experiencing. A market downturn means … Continue reading → The post How to Retire During a Market Downturn: It’s All About Withdrawing This Way appeared first on SmartAsset Blog.
Reuters
Canada annual inflation rate slows to 7.0% in August
Canada’s annual inflation rate eased more than expected to 7.0% in August, largely on lower gasoline prices and slowing shelter costs, Statistics Canada said on Tuesday. If we continue to see those trends, really that would make a case for them to start dialing down the rate hikes. “Canadian inflation decelerated further in August, and unlike the prior month the move wasn’t just a story of lower gasoline prices.”
Barrons.com
Utility Stocks Scored in an Ugly Market. Why It’s Time to Move On.
Utility stocks, a historical defensive sector of the market, have done their job this year, producing a positive total return as the S&P 500 index has fallen sharply. The Utilities Select Sector SPDR exchange-traded fund (ticker: XLU), which was off 1.5% to $73.87 on Tuesday afternoon, has a positive total return of 5% so far in 2022, compared with a negative return of 18% for the S&P 500. The average electric utility dividend yield is now 3.2%, below the 3.55% on the 10-year Treasury note.
Bloomberg
Traders Across the World Rush to Close Bets Ahead of Fed Decision
(Bloomberg) — Some investors have a message for anyone looking to bet big before one of the most pivotal Federal Reserve policy meetings of this year: don’t, or risk getting burned. Most Read from BloombergHome-Flipper Opendoor Hit With Losses in Echo of Zillow CollapseTycoon’s Wild $3 Billion Gamble on ‘China’s LVMH’ CrashesFed Set to Reveal ‘Pain’ Coming in Next Stage of Inflation Fight‘Mute Your Phones’: Trump Special Master Hearing Descends Into ChaosSouthwest Mexico Struck by 7.5 Magnitude
Associated Press
China dials down Taiwan rhetoric; US, Canada transit strait
China toned down its rhetoric on Taiwan on Wednesday, saying it is inevitable that the self-governing island comes under its control but that it would promote efforts to achieve that peacefully. The comments came one day after the U.S. and Canadian navies sailed through the strait between China and Taiwan. “I would like to reiterate that … we are willing to strive for the prospect of peaceful reunification with the greatest sincerity and utmost efforts,” Ma Xiaoguang, the government spokesperson on Taiwan, said when asked about growing concern that China might resort to force.
The Daily Beast
Ron DeSantis: I Wasn’t Actually Responsible for Creating That Migrant ‘Stunt’
Fox NewsOn Hannity Monday night, Florida Gov. Ron DeSantis attempted to dismiss accusations that he engaged in a stunt when he flew about 50 migrants to Martha’s Vineyard last week, instead claiming that President Joe Biden engaged in “the biggest stunt” by not going along with his predecessor’s immigration policies.While some have accused the governor of “political human trafficking,” Sean Hannity helped DeSantis portray his actions as acceptable to the public at large and welcomed by the migra
