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What is parametric disaster insurance? It just delivered a speedy payout in Florida for Hurricane Ian and more than half of adults say inflation is causing financial hardship, but the impact of high prices appears to be easing

Hi MarketWatchers. Don’t miss these top stories. What is parametric disaster insurance? It just delivered a speedy payout in Florida for Hurricane Ian Climate change is roiling the insurance industry, boosting demand for AI-focused, event-based parametric plans like Arbol’s $10 million reinsurance claim. Read More More than half of adults say inflation is causing financial …

What is parametric disaster insurance? It just delivered a speedy payout in Florida for Hurricane Ian and more than half of adults say inflation is causing financial hardship, but the impact of high prices appears to be easing Read More »

US trade deficit jumps 5% to four-month high as global economy weakens

The numbers: The nation’s trade deficit rose 5.4% in October to a four-month high of $78.2 billion, reflecting a small decline in the appetite for American goods and services as the global economy weakens. Economists polled by The Wall Street Journal had forecast a $80 billion shortfall. The deficit widened from $74.1 billion in September, …

US trade deficit jumps 5% to four-month high as global economy weakens Read More »

People still afraid of catching COVID-19 are costing the US economy billions of dollars and my stepfather has dementia, and his sister is badgering him for money. How can I protect him?

Hi MarketWatchers. Don’t miss these top stories. People still afraid of catching COVID-19 are costing the US economy billions of dollars Labor-force participation fell for the third month in a row in November. Read More ‘Gaslighters have two signature moves’: Are you being gaslighted at work? How to recognize the signs. People who lie, steal, …

People still afraid of catching COVID-19 are costing the US economy billions of dollars and my stepfather has dementia, and his sister is badgering him for money. How can I protect him? Read More »

Toronto Stocks Fall in Step With Global Markets; AltaGas Rises on 2023 Profit Outlook, Dividend Increase

By Adriano Marchese Toronto stocks were trending lower in mid-trading Monday, in line with most global markets. Most sectors in Canada were lower, with tech services, consumer durables and materials the outsized decliners while process industries and utilities were the only gainers. Shares of AltaGas Ltd. rose after the company said it plans to increase …

Toronto Stocks Fall in Step With Global Markets; AltaGas Rises on 2023 Profit Outlook, Dividend Increase Read More »

‘Cash-stuffing’ has 700 million+ views on TikTok. How it can help you save more

What is cash stuffing? Getty Images/iStockphoto Thanks to a mild obsession with so-called “cash stuffing” — which has racked up more than 700 million views on TikTok — Gen Z has made an old-school money hack a viral sensation. Cash stuffing is a technique that encourages people to pay for things with cash, and as …

‘Cash-stuffing’ has 700 million+ views on TikTok. How it can help you save more Read More »

Stock futures dip as bond yields rise on China COVID hopes

US stock futures on Monday fell back from close to 11-week highs as hopes for easier China COVID restrictions pushed up bond yields. How are stock-index futures trading S&P 500 futures ES00, -0.42% dipped 13 points, or 0.3%, to 4062 Dow Jones Industrial Average futures YM00, -0.38% fell 99 points, or 0.3%, to 34360 Nasdaq …

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BofA is selling US equities rally on worries that unemployment will be ‘shocking’ in 2023

Strategists at BofA Global Research said it is time to sell the US stock market rally ahead of a potential surge in the unemployment rate next year. “Bears (like us) worry unemployment in 2023 will be as shocking to Main Street’s consumer sentiment as inflation in 2022,” strategists led by Michael Hartnett, chief global equity …

BofA is selling US equities rally on worries that unemployment will be ‘shocking’ in 2023 Read More »

November jobs report is the most important data for inflation this year – and not in a good way

The November US jobs report on Friday showed the US economy gained 261,000 jobs last month, with the unemployment rate holding steady at 3.7%. Economists polled by the Wall Street Journal had expected an addition of 200,000 jobs. Wages jumped 0.6% in November, double the expected pace. Below are some initial reactions from economists and …

November jobs report is the most important data for inflation this year – and not in a good way Read More »

James Halstead Sales Ahead in Most Markets, But Energy Costs Increase Significantly

By Giulia Petroni James Halstead PLC sales are ahead of this stage last year in most markets as commercial-flooring demand remains robust, however energy costs have increased significantly over the past year, Chairman Anthony Wild said Thursday ahead of the company’s annual general meeting. Mr. Wild said that some of the company’s production lines at …

James Halstead Sales Ahead in Most Markets, But Energy Costs Increase Significantly Read More »