Jeffrey Gundlach says bonds are ‘wickedly cheap’ compared to stocks — and offers one way to get a 9% return without much risk

Jeffrey Gundlach says bonds are ‘wickedly cheap’ compared to stocks — and offers one way to get a 9% return without much risk

You can forgive Jeffrey Gundlach, a long-suffering Buffalo Bills fan, if he has the NFL on his mind now that the team he supports looks like the Super Bowl favorite. The chief executive of DoubleLine Capital says he recalls an ad for Crown Royal whisky, in which a referee tells drinkers to take a water … Read more

Opinion: Canadian Tire’s rise in past-due accounts might be a big red flag

Opinion: Canadian Tire’s rise in past-due accounts might be a big red flag

Canadian Tire’s namesake retail business has made up just 40 per cent of profits so far this year.Christopher Katsarov/The Globe and Mail When Canadian Tire Corp. ltd. CTC-A-T said that its second-quarter profits got dinged because it was setting aside more money for possible bad debt in the future, the iconic retailer said it was … Read more

Britain’s New Prime Minister Has A $150 Billion Plan To Freeze Energy Bills

Britain’s New Prime Minister Has A 0 Billion Plan To Freeze Energy Bills

Liz Truss, the Conservative candidate who won the race to be the UK’s next prime minister, has been considering plans in recent days to spend $150 billion (£130 billion) over the next year and a half to freeze household energy bills at their current levels , officials and advisers to Truss have told Bloomberg. Truss, … Read more

US gains 315,000 jobs in August. Labor market still strong but shows sign of cooling.

US gains 315,000 jobs in August.  Labor market still strong but shows sign of cooling.

The numbers: The US added a robust 315,000 new jobs in August, showing that businesses still have a big appetite for labor even as the economy slows and worries about a recession grow. The increase in hiring basically matched Wall Street estimates. Economists polled by The Wall Street Journal had forecast 318,000 new jobs. The … Read more

The Fed isn’t pivoting. Why were stock investors the last to know?

The Fed isn’t pivoting.  Why were stock investors the last to know?

After Friday’s brutal session for stocks, it appears equities were the last asset class to accept the notion that the Federal Reserve likely won’t be pivoting to a less aggressive monetary policy stance soon. Judging solely by movements in yields and exchange rates, it seems like bonds, gold and the dollar all days ago started … Read more

Indian tycoon Adani’s ‘deeply leveraged’ empire: CreditSights | Business and Economy News

Indian tycoon Adani’s ‘deeply leveraged’ empire: CreditSights |  Business and Economy News

Indian billionaire Gautam Adani’s conglomerate is “deeply leveraged” as the group invests aggressively across existing and new businesses, said Fitch Group unit CreditSights, warning of a potential default of one or more group companies. The investments are predominantly funded with debt, resulting in elevated leverage which has “understandably caused concerns about the Group as a … Read more

What would you do with $5,000? Here’s what Canadians said amid high inflation – National

What would you do with ,000?  Here’s what Canadians said amid high inflation – National

If you were given a surprise $5,000 with no strings attached, what would you spend it on? A new car or kitchen renovation? Tickets to an exotic location? Or would you invest it? As inflation remains near decades-high levels, almost half of Canadians say they’d spend such a windfall on paying down their debt or … Read more

New York Empire State factory gauge plunges in August deep into contraction territory

New York Empire State factory gauge plunges in August deep into contraction territory

The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, plummeted 42.4 points to negative 31.3 in August, the regional Fed bank said Monday. This is the second largest monthly decline on record and among the lowest levels in the survey’s history, the regional Fed bank … Read more

Personal bankruptcies are on the rise

Personal bankruptcies are on the rise

At the same time the cost of living is creeping ever higher, so too are the number of insolvency filings from Canadian consumers. Data released by the Office of the Superintendent of Bankruptcy Canada shows that the number of Canadians filing for personal bankruptcy may be returning to pre-pandemic levels. During the height of the … Read more

US consumer price inflation surprises to downside in July

US consumer price inflation surprises to downside in July

The numbers: The US consumer price index was unchanged in July, the Labor Department said Wednesday, compared with the 1.3% gain in the prior month. Economists polled by The Wall Street Journal had estimated a 0.2% advance in July. The rate of inflation in the 12 months ended in July retired to 8.5% from a … Read more