Fed to start publishing new semiannual review of financial stability

The Federal Reserve said it will start publishing a semiannual report on financial stability. The report, the first of which will come on Nov. 28, will include a summary of the central bank’s framework for assessing the resilience of the U.S. financial system and a discussion of key indicators related to the main financial stability vulnerabilities: asset valuations, borrowing by […]

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Billion-dollar monthly boost in exchange-traded fund gold holdings offer ray of hope for downbeat metal

Exchange-traded funds backed by gold increased their holdings by $1 billion in October, marking a possibly bullish shift in investor sentiment toward the precious metal. The ETFs hold physical gold assets, which are equivalent to the fund’s asset value. Investors in the funds don’t own gold directly and thus save on storage costs. The ETFs are constantly buying and selling […]

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Allianz 3 Profit Rises; Says Confident Of FY18 Targets – Quick Facts

Financial services company Allianz Group (AZSEY.PK) Friday reported that its third-quarter net income attributable to shareholders increased to 1.94 billion euros from 1.57 billion euros last year. Earnings per share were 4.54 euros, higher than 3.52 euros a year ago. Operating profit grew 20.6 percent to 2.99 billion euros from prior year’s 2.48 billion euros, mostly driven by our Property-Casualty […]

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Mortgage rates surge to a near 8-year high as house-hunters race the clock

Rates for home loans roared higher, taking the benchmark mortgage product to a new high and setting up a fresh test for an already strained housing market. The 30-year fixed-rate mortgage averaged 4.94% in the Nov.8 week, a gain of 11 basis points, mortgage finance provider Freddie Mac said Thursday. That was the highest for the popular loan product since […]

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Stocks historically have rallied 37% after midterm elections — will it happen again?

In my Oct. 26 MarketWatch column, I argued that a drop in the S&P 500 Index to 2,675-2,587 points would be followed by a rally toward 2,900. The chart below, published in the Oct. 28 Profit Radar Report, provides a visual projection of the S&P 500 SPX, -0.23% path described above. (Here’s the Oct. 26 MarketWatch column.) On Oct. 29, the […]

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Here are the stock-market sectors in the spotlight after midterm elections

Investors appear to be cheering the results of Tuesday’s midterm elections, but some sectors love the prospect of a divided Washington more than others. Here are some of key assets and investments that were in focus on Wednesday following results that showed Democrats taking control of the House of Representatives and the GOP retaining its majority in the Senate. Wednesday’s […]

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$5 million to retire? ‘Radical savers’ shred trader for backing Suze Orman

Jared Dillian, strategist at Mauldin Economics and former head of ETF trading at Lehman Bros., made a lot of good points in his recent take regarding retirement planning entitled, “The ‘radical saving’ trend is based on fantasy.” But one thing he said really rattled Reddit’s “FIRE” board, where half a million subscribers gather to share their thoughts on the “financial […]

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Money may have been the deciding factor in these 5 key midterm races

Big spending helped Democrats take over control of the House of Representatives in Tuesday’s midterm elections. Three House contests stand out in particular for featuring a Democratic challenger who significantly outspent — and then went on to defeat — a GOP incumbent. They are Virginia Democrat Abigail Spanberger’s projected win over GOP Rep. Dave Brat, Illinois Democrat Lauren Underwood’s victory […]

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