European Shares Climb As Yields Retreat

European stocks advanced on Thursday as investor concerns about a U.S. debt ceiling deal eased and the U.S. Treasury bond yields retreated further from the highest level since June ahead of U.S. non-farm payrolls data, due on Friday. The U.S. jobs report is seen as crucial in influencing the timing of the start of winding down the Fed’s QE program. […]

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Foreclosures are surging now that Covid mortgage bailouts are ending, but they're still at low levels

Pandemic-related mortgage bailouts are ending, and foreclosures are now rising. Foreclosure starts jumped 32% in the third quarter of this year from the second quarter and were 67% higher than the third quarter of 2020. The foreclosure numbers should stay relatively low because of aggressive modifications by lenders and also because of high levels of home equity. Foreclosures are starting […]

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United Airlines plans new flights to Jordan and Europe in bet on revival in international travel

United is expecting a surge in international travel next year following a two-year lull. Destinations include Amman, Jordan and Bergen, Norway. Airlines have spent the pandemic focused on domestic destinations. United Airlines plans to add 10 new trans-Atlantic routes in 2022, a bet that cooped up U.S. customers will race to get out of the country to visit Norwegian fjords, […]

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Conagra Brands Q1 Profit Tops Estimates, Reaffirms FY22 Earnings View

Conagra Brands, Inc. (CAG) reported that its first-quarter adjusted net income attributable to company decreased 30.2% year-on-year driven primarily by the decrease in gross profit. Gross margin decreased 486 basis points to 25.4% in the quarter, and adjusted gross margin decreased 530 basis points to 25.4%. Organic net sales were down 0.4%, for the quarter. Looking forward, the company reaffirmed […]

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China's record factory gate inflation stokes policy dilemma

BEIJING (Reuters) -China’s September factory gate inflation rose to a record on soaring commodity prices, but weak demand capped consumer inflation, forcing policymakers to walk a tight rope between supporting the economy and further stoking producer prices.FILE PHOTO: Copper rods are seen at Truong Phu cable factory in northern Hai Duong province, outside Hanoi, Vietnam, August 11, 2017. REUTERS/Kham/File PhotoThe […]

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