Treasuries Have Best Day Since March on Signs Fed May Be Done (3 min read) US treasuries experienced a significant rally, leading to the most substantial drop in benchmark yields since March. This shift was driven by safe-haven demand amid the Israel conflict and speculations that the Fed is done with rate hikes. A few Fed officials made dovish comments earlier this week, suggesting that the recent jump in US treasury yields may act as a substitute for further rate hikes to tighten financial conditions.
How Prepared Are US Consumers For a Recession? (4 min read) This article argues that US consumers are better positioned than perceived despite the negativity in financial news. Although credit card debts and mortgage rates are high and excess savings from the pandemic have decreased, consumers still have substantial savings as seen in cash deposits and money market funds. Home equity also remained strong, with record residential real estate values.
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Business & Stocks
Canadian autoworkers strike against General Motors, joining UAW (2 min read) General Motors faces an escalating international labor issue as Canadian union Unifor fails to reach a tentative agreement, leading to strikes involving about 4,300 Canadian workers. This adds to the ongoing United Auto Workers (UAW) strikes in the US, which started last month. The strikes in the province of Ontario will impact an assembly plant producing Chevrolet trucks and engine production.
Pepsi scores a big profit on the back of higher prices (1 min read) PepsiCo's Q3 earnings report revealed a 7% rise in net sales despite a 2.5% decline in volume. The increase was attributed to an 11% average global price hike on Pepsi products, including its other beverage brands such as Gatorade, Bubly sparkling water, and sodas. The move to raise prices aligns with other food companies and Pepsi also lifted its full-year forecast due to the stronger-than-expected quarter.
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Funds & ETFs
Investing in Ethereum ETFs: What to Know (3 min read) Ethereum ETF has been a hot topic within crypto funds as the first of its kind was launched in the US recently. Many large fund providers like Proshares, BitWise, and VanEck, introduced one in their offerings. This article is a simple guide for those interested in how Ethereum ETF works and differs from direct crypto ownership.
ETFs in Focus as Student Debt Curbs Consumer Spending (4 min read) Recently I shared an article discussing some potential stock winners and losers as student loan payments restart. This article focuses on ETFs instead, highlighting which to follow or stay away from. Consumer staple ETFs like XLP may benefit while retail ETFs like XRT and RTH could be impacted as consumers reduce discretionary spending. Restaurants and miscellaneous ETFs, such as EATZ and PBJ, may also suffer for a similar reason.
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Portfolios & Investing
3 No-Brainer Stocks to Buy With $200 Right Now (4 min read) This article from Motley Fool suggests considering a small position in Enterprise Products Partners (EPD), Brookfield Infrastructure (BIP/BIPC), and PayPal Holdings (PYPL), and why each has the potential for long-term gains.
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