Hedge funds bought the largest amount of US Treasuries since 2018
Hedge fund purchases of US Treasuries in July were the biggest in three years, triggering a rise in US government securities as a rebound in the global epidemic led to increased demand for safe-haven assets. Investors registered in the Cayman Islands bought $35.3 billion of U.S. government bonds in July, the most since May 2018, according to the latest data from the U.S. Treasury Department. Us sovereign bonds returned 1.4 per cent in July, the biggest since March 2020.
Nearly half of American renters are worried that they will never be able to afford a house.
According to a new survey by online lending platform Lending Tree, 48 per cent of US renters are worried that they will not be able to afford a house for the rest of their lives. This concern is most acute among Gen X (41-55) and millennials (25-40) renters. 55% of Generation X and 52% of millennial renters worry that they will not be able to afford to buy a house in their lifetime. "people in the middle of their careers, especially at the top of their income," said Jacob Channel, senior economic analyst at Lending Tree.
Buffett made another $2 billion by investing in BYD this year.
The value of BYD shares held by Berkshire Hathaway, owned by Buffett, has soared by $2 billion this year, bringing its position in the Chinese electric car company to nearly $8 billion, a gain of 3400 per cent in less than 13 years. In 2008, Berkshire invested $232 million to buy 225 million BYD Hong Kong shares. According to the company's latest annual report, Berkshire's Byd Company Limited stake was worth $5.9 billion by the end of last year, making it Buffett's eighth largest stock. Since then, BYD's shares have risen about 23%, and Berkshire's BYD shares
Top 20 US stock turnover on August 31: Analysts expect strong results for Tesla in the fourth quarter
In the early morning of the 1st Beijing time, US stocks closed slightly lower on Tuesday, with Nike leading the decline in the Dow. The major stock indexes all recorded gains in August. Investors are closely watching a number of economic data this week, including non-farm payroll reports. Both the consumer confidence index and the Chicago PMI released on Tuesday were weak. The Dow fell 39.11 points, or 0.11%, to 35360.73 points; the NASDAQ fell 6.65 points, or 0.04%, to 15259.24 points; and the S&P 500 index fell 6.11 points, or 0.13%, to 4522.68 points. Nike, a constituent stock of the Dow, closed down 1.9%. The company
Falcon Capital Shareholders OK Merger With Sharecare
A record high! Response to the epidemic has pushed global debt to soar to $281 trillion
According to the latest research from the Institute of International Finance (IIF), last year's COVID-19 epidemic increased global debt by $24 trillion to a record $281 trillion, with a global debt-to-GDP ratio of more than 355%. IIF's Global debt Monitor estimates that government aid programs accounted for half of debt growth, while global companies, banks and households increased by $5.4 trillion, $3.9 trillion and $2.6 trillion, respectively. That means the debt-to-GDP ratio surged 35 percentage points to 355 per cent. This increase far exceeds the increase during the global financial crisis.
The number of Americans applying for unemployment benefits for the first time last week reached the lowest level since November, indicating a slowdown in the pace of layoffs.
The number of first-time claims for regular state unemployment benefits is the lowest since November. Policy makers have begun to lift some of the strictest business restrictions. It will also help stabilize the labour market. The number of people applying for state unemployment benefits fell for the third month in a row last week. The decline was more than expected, indicating that the growth of unemployment began to slow as the infection rate of novel coronavirus fell. First-time claims for regular state unemployment benefits fell 33000 to 779000 in the week to January 30, the lowest level since November, while unadjusted first-time jobless claims fell to 816247, according to the Labor Department.
The Australian Federal Reserve will further expand its bond purchase program by A $100 billion
The Reserve Bank of Australia announced its interest rate decision, leaving the benchmark interest rate unchanged at 0.1%, with an expected 0.10% and a previous value of 0.10%. When the existing QE programme expires in mid-April, the RBA will expand its programme by another A $100 billion (US $76.4 billion) and does not expect to raise its key interest rate until 2024 at the earliest. The Australian dollar fell. Philip Lowe, chairman of the Australian Federal Reserve, left the key interest rate and three-year yield target unchanged at 0.10% on Tuesday, in line with market and economist expectations. In addition to the quantitative easing program, the Reserve Bank of Australia supports the economic measures