Remote work could cost Americans their jobs within decade, experts say

Remote work could cost Americans their jobs within decade, experts say

Remote work may be a blessing for Americans who enjoy not having to commute to the office, but experts are warning that workers should be careful what they wish for because companies could easily hire someone overseas to do the same job for much less money. High-paid tech workers could find themselves out of a … Read more

Peloton, Tesla, Viasat, Wells Fargo, Box and more

Peloton, Tesla, Viasat, Wells Fargo, Box and more

A Tesla electric vehicle at a supercharger station in Hawthorne, California, on Aug. 9, 2022. Patrick T. Fallon | AFP | Getty Images Check out the companies making the biggest moves midday Monday: Credit Suisse — Shares of Credit Suisse rose 1.7%, reversing an earlier slump that sent the stock to a record low, after … Read more

Ocean shipping orders are signaling a big drop in consumer demand

Ocean shipping orders are signaling a big drop in consumer demand

For the marine shipping industry to cut its carbon footprint in half by 2050, promising technology will need to become reality, and efficiency gains will need to increase as well. Lucy Nicholson | Reuters A significant consumer pullback is showing up in ocean shipping, with logistics managers telling CNBC they have seen a 20% drop … Read more

UK’s tax cut pivot down to politics not economy, analysts say

UK’s tax cut pivot down to politics not economy, analysts say

LONDON — The U.K. government’s reversal on scrapping the top rate of income tax is down to political optics and will not reassure market skittishness over its economic plan, analysts told CNBC Monday. The tax cut, which Prime Minister Liz Truss was defending just hours before, would have abolished a 45% rate paid on annual … Read more

10-year and 2-year Treasury yields fall as traders await PMI data

10-year and 2-year Treasury yields fall as traders await PMI data

The yields on the 10-year and 2-year Treasurys fell on Monday as markets began a new quarter and investors looked ahead to the release of Purchasing Managers’ Index (PMI) data for the manufacturing sector. The benchmark 10-year Treasury was down 1 basis point to 3.7926% at around 4:30 a.m. ET. The yield on the policy-sensitive … Read more

British pound jumps as UK government U-turns on cut to top tax rate

British pound jumps as UK government U-turns on cut to top tax rate

U.K. Chancellor Kwasi Kwarteng outside 10 Downing Street. Britain will cap the cost of electricity and gas for businesses. Rob Pinney | Getty Images News | Getty Images LONDON — The British pound rose sharply Monday morning as the U.K. government reversed its planned scrapping of the top rate of income tax. “It is clear … Read more

Bolsonaro, Lula neck-and-neck in polarized Brazil election

Bolsonaro, Lula neck-and-neck in polarized Brazil election

RIO DE JANEIRO — Brazil’s top two presidential candidates were neck-and-neck late Sunday in a highly polarized election that could determine if the country returns a leftist to the helm of the world’s fourth-largest democracy or keeps the far-right incumbent in office for another four years. The race pits incumbent President Jair Bolsonaro against his … Read more

The £895bn QE monster is really to blame for the market meltdown

The £895bn QE monster is really to blame for the market meltdown

Blaming the Tories is a straight-forward, compelling narrative – an off-the-shelf consensus, which Keir Starmer exploited at his party conference in Liverpool. The Government “crashed the pound”, the Labour leader declared – a conclusion almost no journalists sought to challenge. But the reality is more complex and more worrying. For what we saw last week … Read more

Underperformance is ‘abysmal’ in the long run for active fund managers

Underperformance is ‘abysmal’ in the long run for active fund managers

The S&P 500 may be trading around 2022 lows, but a new report finds active managers are having their best year since 2009. The numbers suggest they still have a long way to go, though. S&P Global recently published its Mid-Year 2022 SPIVA U.S. Scorecard, which measures how well U.S. actively managed funds perform against … Read more

How rising mortgage rates are changing the housing market – NEWS CENTER Maine

How rising mortgage rates are changing the housing market – NEWS CENTER Maine

How rising mortgage rates are changing the housing market  NEWS CENTER Maine Today’s Mortgage, Refinance Rates: Oct. 1, 2022 | Rates Increase This Week  Business Insider Mortgage rates hit 15-year high  CBS Los Angeles Today’s 30-year mortgage refinance rates slip | Sept. 30, 2022  Fox Business View Full Coverage on Google News