Category: Headline News

The Latest Headline News from around the World.

Nearly 25% of Americans are going into debt trying to pay for necessities like food

A recent survey found that 23% of Americans say that paying for basic necessities such as rent, utilities and food contributes the most to their credit card debt.
— Read on ca.finance.yahoo.com/news/nearly-25-americans-going-debt-130010091.html

Trump Wields More Powerful Weapon Than Tariffs in Trade War

The Trump administration is seeking to choke off Beijing’s access to key technologies by limiting the sale of vital U.S. components to China’s Huawei Technologies Co. The U.S. is considering putting at least five Chinese surveillance companies on the same blacklist. The moves are part of a bigger effort
— Read on ca.finance.yahoo.com/news/trump-wields-more-powerful-weapon-172641613.html

Italian Bonds Surge After Salvini Strikes More Conciliatory Tone

Salvini is hoping to secure a large increase in seats in European Union elections this week, which could give him more policy leverage in Rome and Brussels. Ten-year yields fell as much as nine basis points to 2.55%, the lowest level in over two weeks. The potential for another battle with the EU over
— Read on ca.finance.yahoo.com/news/italian-bonds-surge-salvini-strikes-093346416.html

U.K. Yield Curve Flattest Since Financial Crisis on Brexit Fears

Gilts have surged to take benchmark yields to the lowest since 2017, as investors sought safe assets on the increasing risk of a no-deal Brexit. Gilts have outperformed their peers in May, including Treasuries and German bunds, on the prospect that the Bank of England might have to switch tack to make
— Read on ca.finance.yahoo.com/news/bonds-prove-u-k-asset-145643208.html

ECB Policy Maker Sees Economic Upturn Intact Before June Meeting

The euro-area economy remains on track with European Central Bank projections that foresee an upturn later this year, policy maker Bostjan Vasle said. The ECB is gearing up for a meeting in Lithuania in two weeks that will include updates to its forecasts and discussions over how generous to make a
— Read on ca.finance.yahoo.com/news/ecb-policy-maker-sees-economic-040011394.html

How Much Should You Save? 40% Would Struggle With $400 Emergency – Bloomberg

Many U.S. households find themselves in a fragile position financially, even in an economy with an unemployment rate near a 50-year low, according to a Federal Reserve survey.
— Read on www.bloomberg.com/news/articles/2019-05-23/almost-40-of-americans-would-struggle-to-cover-a-400-emergency