Russia avoids default once again as dollar bond payment goes through even after clearinghouse blocks account, report says

Russia avoided a default as one of its dollar-denominated eurobond payments went through on Thursday.  JPMorgan processed the payments, as the bank is listed as a paying agent for Russia’s 2030 debt.  Last week, Clearstream blocked Russia from the National Settlement Depository, which receives foreign bond payments.  Loading Something is loading. Russia reportedly avoided a… Continue reading Russia avoids default once again as dollar bond payment goes through even after clearinghouse blocks account, report says

Russia’s foreign currency and gold reserves have plunged by more than $38 billion since the Ukraine war began, Russian central bank says

Phil Rosen Russian President Vladimir Putin attends a meeting in Moscow, Russia, on March 29, 2022. Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP The Russian central bank said Thursday that its foreign currency and gold reserves have shrunk by $38.8 billion.  Interventions and foreign exchange refinancing are part of the reason for the decline,… Continue reading Russia’s foreign currency and gold reserves have plunged by more than $38 billion since the Ukraine war began, Russian central bank says

Tom Bradley: Getting back to normal is great, unless you’re an investor

Normal is not stocks trading at 50 times sales, oil being spurned and investors ending up worse off from owning a bond Capital markets have been doing a lot of normalizing lately, which isn’t going to make a lot of investors happy. Photo by Michael Nagle/Bloomberg Things are getting back to normal as the pandemic… Continue reading Tom Bradley: Getting back to normal is great, unless you’re an investor

Economists predicting multiple half-point rate hikes by Bank of Canada

The new rate calls represent a marked shift in the outlook for borrowing costs that will take many Canadians by surprise Author of the article: Bloomberg News Erik Hertzberg The Bank of Canada building in Ottawa. Photo by REUTERS/Chris Wattie/File Photo Markets and economists are expecting the Bank of Canada to embark on one of… Continue reading Economists predicting multiple half-point rate hikes by Bank of Canada

Stock Market Today: Stocks’ Win Streak Snapped Despite Good Jobs News | Kiplinger

Stock Market Today Optimism about peace in Eastern Europe faded Wednesday, chilling a stock market that had recently heated up.Positive momentum in the major indexes ran out Wednesday as a resurgence in Russian military activity overshadowed good news on the employment front.  Less than a day after pledging to pull back operations in Kyiv, Russian… Continue reading Stock Market Today: Stocks’ Win Streak Snapped Despite Good Jobs News | Kiplinger

Why Inverted Yield Curve Panic Is Overdone | Kiplinger

stocks Yes, a 2-and-10 yield curve inversion has predicted many past recessions. But it’s an imprecise signal – and one that leads equity investors astray.In case you haven’t heard by now, the “2-and-10” yield curve momentarily inverted this week. Some market participants and financial media have responded with alarm, and given this signal’s singular track… Continue reading Why Inverted Yield Curve Panic Is Overdone | Kiplinger

Buy Now, Pay Later: 5 BNPL Stocks to Buy | Kiplinger

Buy now, pay later (BNPL) financing has become big business in recent years, helping to propel both specific BNPL stocks and larger firms with interests in the industry. Buy now, pay later is effectively an installment loan. A customer will typically make a handful of equal payments for a product or service, with the first payment… Continue reading Buy Now, Pay Later: 5 BNPL Stocks to Buy | Kiplinger

Kiplinger 25 Model Portfolios | Kiplinger

We’ve constructed three portfolios using only funds from the Kiplinger 25, a list of our favorite no-load mutual funds, designed for investors with different goals, time horizons and levels of risk tolerance. Use the models below as a starting point for your own portfolio. Tweak where necessary. Beef up your stocks if you want to… Continue reading Kiplinger 25 Model Portfolios | Kiplinger