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Bloomberg
El-Erian Warns ‘Economic Accident’ Would Precede Any Central Bank Pivot
(Bloomberg) — Mohamed El-Erian has a cautionary word for anyone anticipating an end to interest-rate increases from the Federal Reserve and other central banks.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoMeta to Cut Headcount for First Time, Slash Budgets Across TeamsMarjorie Taylor Greene’s Husband Files for Divorce After 27 YearsPutin Says Annexation Is Forever, Defends Ukraine L
Bloomberg
Banks Dealt Fresh Blow With Collapse of Brightspeed Debt Sale
(Bloomberg) — For the second time in two weeks, Wall Street bankers suffered a painful reminder of how quickly risk appetite is evaporating from credit markets as a $3.9 billion debt sale for a leveraged buyout collapsed.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoStocks Plummet to 22-Month Low as Fed Hawks Circle: Mar
MarketWatch
The bear market may not be over but some corporate insiders are acting like it is
MARK HULBERT It’s premature to declare the bear market is over, but it’s not too early to start constructing your buy list of stocks for when conditions are more favorable. That’s the conclusion I draw from an analysis of recent insider transactions from Nejat Seyhun, a finance professor at the University of Michigan and one of academia’s leading experts on the behavior of corporate insiders.
Reuters
Investors expect no peace in U.S. stocks until bond gyrations subside
Investors believe the feedback loop between U.S. stocks and bonds will likely be a key factor in determining whether the gyrations that have rocked markets this year continue into the last months of 2022. With the third quarter over, both assets have seen painful sell-offs – the S&P 500 is down nearly 25% year-to-date and the ICE BofA Treasury Index has fallen by around 13%. The twin declines are the worst since 1938, according to BoFA Global Research.
SmartAsset
You’ll Probably Spend at Least This Much in Retirement
How much will you spend in retirement? This is a vital question to ponder as you approach your golden years. After all, a successful retirement plan not only focuses on the accumulation of money and assets, but also the sustainable … Continue reading → The post How Much Less You’ll Spend Throughout Retirement Depends on These 2 Factors appeared first on SmartAsset Blog.
Reuters
Fed seen sticking with rate hikes as inflation stays hot
(Reuters) -Federal Reserve policymakers, who have driven U.S. borrowing costs up faster this year than at any time since the 1980s, got one less reason to slow down on Friday after a government report showed inflation continues to run at a red-hot pace. The personal consumption expenditures price index, the measure by which the Fed targets 2% inflation, rose 6.2% in August from a year earlier, down from 6.4% in July, the Commerce Department reported. Even before the report the Fed was widely expected to deliver a fourth straight 75-basis-point interest rate hike at its next policy meeting in November.
Yahoo Finance Video
Endeavor Group CEO Ari Emanuel seeks end to Elon Musk-Twitter lawsuit
Endeavor Holding Group CEO Ari Emanuel is reportedly seeking a settlement in the ongoing lawsuit between Twitter and Elon Musk, as Musk’s personal texts reveal his communications ahead of his initial buyout proposal.
Bloomberg
Pension Rebalancing Threatens to Spur $26 Billion Equity Selloff
(Bloomberg) — US stock investors looking for anything that could halt the rout might not be able to count on a source of support that’s buoyed markets in the past: portfolio rebalancing. Every quarter- and month-end, pension funds and other institutional investors check their market exposures to make sure they meet strict allocation limits between equities and bonds, as well as between domestic and international stocks. Even amid a global rout, US equities still outperformed many other asset cl
Bloomberg
Hong Kong Plans 500,000 Plane-Ticket Giveaway to Lure Tourists: Sing Tao
(Bloomberg) — Hong Kong will give away 500,000 plane tickets to lure visitors back to the financial hub when the government removes all remaining restrictions on inbound arrivals, local media outlet Sing Tao reported in a column, citing people it didn’t identify.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoMeta to Cut Headcount for First Time, Slash Budgets Across TeamsMarjorie Tayl
The Associated Press
Column: Tua shouldn’t have played, but complex issues remain
There’s one thing we can all agree on: Tua Tagovailoa had no business being on the field. The Miami Dolphins quarterback was taken away on a stretcher with a concussion during a prime-time game against the Cincinnati Bengals on Thursday, an especially frightening incident because it came a mere four days after another hard hit against the Buffalo Bills left him wobbly. ”I’m sick,” former NFL linebacker Emmanuel Acho said in a video posted to Twitter.
Bloomberg
Nike’s Inventory Glut Sends Stock Down the Most in 20 Years
(Bloomberg) — Nike Inc. shares tumbled the most in more than two decades after a glut of unwanted merchandise eroded the sportswear giant’s profitability.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoMeta to Cut Headcount for First Time, Slash Budgets Across TeamsMarjorie Taylor Greene’s Husband Files for Divorce After 27 YearsPutin Says Annexation Is Forever, Defends Ukraine Land Gr
