Author: super@dmin
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Asia Markets: Trade worries weigh down Asia stocks despite big rebound in U.S.
Stocks in Asia fell modestly early Friday following a week an up-and-down few days that has left most indexes far in the red for the week. The modest losses came in the face of a recovery in U.S. equity markets Thursday that followed a big selloff Wednesday. Hong Kong’s Hang Seng HSI, -1.04% index…
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Most Americans say their finances have not improved since the 2016 election
As the midterm elections approach, a new survey says a majority of Americans do not feel their financial situation has improved since Donald Trump was elected president in 2016. Only 38% of Americans say their finances have improved since the 2016 election, according to a study released Thursday by finance website Bankrate, while 17% say…
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The Moneyist: This woman was forced to live with her husband’s stepmother for 8 years
Dear Moneyist, I am 35 years old and have been happily married for eight years. My husband co-owns the house that we currently live in with his stepmother. Originally, we all agreed that if my husband owns the house with his stepmother and helps with our portion of the mortgage, she’d have to start putting…
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How to spend a billion dollars: Try a Bel-Air mansion or a Gulfstream G500
How in the name of Monty Brewster can you spend $25,000 a day? That’s the question facing the unknown winner of that record Mega Millions jackpot. (Whoever holds the winning ticket lives somewhere in South Carolina, but that’s all we know so far.) If they take the lump sum option of $900 million, even after…
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Protections on risky loans are close to their worst-ever levels, says Moody’s
The covenant quality of North American leveraged loans is close to its worst-ever level as investors forfeit protections they may need if borrowers become distressed, Moody’s Investors Service said Thursday. The credit-rating agency is the latest to sound the alarm on a market worth about $1.4 trillion that some say is concentrating debt in a…
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Bond Report: Treasury yields steady after stocks rebound
Treasury yields held their ground on Thursday as major stock benchmarks rebounded from a sharp decline on Wednesday, which had briefly erased the S&P 500 and Dow’s gains for 2018. What are yields doing? The yield on the 10-year Treasury note TMUBMUSD10Y, +1.00% edged up 1.3 basis points to 3.136% from 3.122% late Wednesday in…
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The Wall Street Journal: Treasury official arrested for leaks is Trump supporter who was part of a bureaucratic dispute
The arrest last week of a senior Treasury Department official for allegedly leaking sensitive records to BuzzFeed News had its roots in a bureaucratic dispute dating to the Obama administration, according to people familiar with the matter. The alleged leaks, which went on for at least a year, also affected the investigation by federal prosecutors…
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Personal Finance Daily: Millions of Americans’ fears have nothing to do with the stock market and how to spend a billion dollars
Happy Thursday, MarketWatchers! Hope your weeks are going well. Here are the top stories of the day. Personal Finance Millions of Americans have big financial fears that have nothing do with the stock market Two-thirds of people in a new survey believe the economy will get scarier in the next 12 months. How to spend…
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Millions of Americans have big financial fears that have nothing do with the stock market
Americans are afraid — and not just about the recent volatility in the stock market. Some 23% of people say lack of emergency savings is the one financial issue that keeps them up at night, followed by 22% who say they don’t have enough retirement savings, 20% who fear they’ll be the victim of some…
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Cannabis Watch: Marijuana stocks bounce back from long losing streak; Aurora Cannabis’ stock sees first U.S.-listed gains
Shares of cannabis companies were broadly higher Thursday, putting the sector on track to snap a long losing streak, with Aurora Cannabis Inc.’s investors finally able to celebrate the stock’s U.S. listing. The Horizons Marijuana Life Sciences exchange-traded fund HMMJ, +5.36% soared 5.5% in afternoon trade, with 40 of 48 components gaining ground. That put…