(Bloomberg) — Follow @Brexit, sign up to our Brexit Bulletin, and tell us your Brexit story. Suddenly, the idea of pound parity seems less far-fetched as the risk grows that Britain may split with the European Union without a deal.Rupert Harrison, a fund manager at BlackRock Inc., is short the pound
— Read on ca.finance.yahoo.com/news/pound-falling-parity-idea-starting-040005641.html
ECB’s Sub-Zero Headache Might Require Range of Fixes to Be Fair
(Bloomberg) — European Central Bank officials trying to make their sub-zero monetary policy more palatable may need to be imaginative if they want it to reach the whole euro zone. While the ECB levies a deposit rate of -0.4% to stimulate the economy, charging banks to deposit money effectively curbs
— Read on ca.finance.yahoo.com/news/ecb-sub-zero-headache-might-040000358.html
The big reason China won’t let the yuan go into free fall against the dollar has to do with Japan and Europe – MarketWatch
China doesn’t want a new front in its trade war with the U.S.
— Read on www.marketwatch.com/story/the-big-reason-china-wont-let-the-yuan-go-into-free-fall-against-the-dollar-has-to-do-with-japan-and-europe-2019-08-08
A Top Income Stock for Your RRSP
Pembina Pipeline Corp’s (TSX:PPL)(NYSE:PBA) stock is the perfect defensive investment. It provides a safe and high yield, and it is a Canadian Dividend Aristocrat.
— Read on www.msn.com/en-ca/money/savingandinvesting/a-top-income-stock-for-your-rrsp/ar-AAFzkKK
Explainer: How does China manage the yuan, and what is its real value? – Reuters
The U.S. government’s decision to label China a currency manipulator after Beijing allowed the yuan to weaken past the symbolic 7-per-dollar level has raised questions about how tightly managed the currency is, and its true value.
— Read on www.reuters.com/article/us-usa-trade-china-yuan-explainer/explainer-how-does-china-manage-the-yuan-and-what-is-its-real-value-idUSKCN1UZ0JN
Uber lost more in Q2 than all but 3 S&P 500 companies lost in 2018
General Electric, Kraft Heinz and Newell Brands are the only companies in the S&P 500 that lost more money last year than Uber’s $5.2 billion Q2 deficit.
— Read on www.cnbc.com/2019/08/08/uber-lost-more-in-q2-than-all-but-3-sp-500-companies-lost-in-2018.html
Baby boomers’ wealth is 12 times greater compared to millennials
The net worth gap between older and younger Americans has grown into a chasm. While the average older household had about seven times the net worth of younger households in 1998, they now have about 12 times the net worth, according to a MagnifyMoney analysis of Federal Reserve data.
— Read on www.cnbc.com/2019/08/08/baby-boomers-wealth-is-12-times-greater-compared-to-millennials.html
TikTok parent ByteDance to launch search in China to challenge Baidu
TikTok parent ByteDance recently announced plans to launch a search product to challenge incumbent Baidu, a company which has more than 70% market share in China.
— Read on www.cnbc.com/2019/08/08/tiktok-parent-bytedance-to-launch-search-in-china-to-challenge-baidu.html
Global Rate Risks
The yield curve everyone’s worried about nears a recession signal
The dramatic scramble for U.S. debt has pushed a bond market recession indicator inches away from the warning zone.
— Read on www.cnbc.com/2019/08/08/the-yield-curve-everyones-worried-about-nears-a-recession-signal.html