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The manager of Norway's $2.3 trillion sovereign wealth fund has proposed a significant overhaul of its government bond portfolio that could reduce its holdings of US Treasuries by about $80 billion, as the fund looks to other types ofDebtto boost returns. Norges BankInvestmentManagement said …
Volkswagen's supervisory board reached a surprise unanimous deal to back chief executive Oliver Blume's sweeping overhaul, which will see the German carmaker cut up to 50,000 jobs and could lead to plant closures. The company told investors on Thursday evening that the restructuring would …
The European Union has formally joined the US-led sanctions campaign against Iran, while South Korea said it is weighing a military role to help reopen the Strait of Hormuz, as Washington presses allies to back its war against Tehran on both financial and military …
Fall is emerging as the new peak season for luxury travel, as wealthy travelers continue shifting their holidays to September and October to avoid summer crowds, according to a new study from Virtuoso, the global luxury travel network. Fall bookings for luxury travel and …
A sharp sell-off in globalGovernment Bondsis exposing investor anxiety that the macroeconomic backdrop may be shifting toward persistently higher inflation, as governments struggle to rein in spending and sovereign debt. Pressure on yields reflects more than this year's rise in government borrowing and higher …
The ranks of the world's billionaires hit a record 3,795 people in 2025 as the artificial intelligence boom turbocharged wealth creation across the globe, according to a report published by wealth intelligence firm Altrata. The finding marks an 8.2% increase in billionaire headcount, the …
The global bond rout is raising borrowing costs across the economy, forcing governments, companies and consumers to confront the possibility that expensive debt is here to stay. Governments are among those most exposed to the rise in yields, according to analysts, since sovereign debt …
Treasury yields moved broadly higher on Friday after the stronger-than-expected August jobs report sent investors scrambling to recalibrate expectations for the Federal Reserve's upcoming policy decision. The 2-year Treasury yield, which closely tracks near-term rate expectations, rose to its highest level since January 2025, …
The US labor market delivered a sharp upside surprise in August, with the Bureau of Labor Statistics reporting nonfarmPayrollemployment increased by 162,000, more than triple the 53,000 gain economists surveyed by Dow Jones had projected. The unemployment rate held at 4.1%, matching expectations, while …
Performance Shipping Inc. (NASDAQ:PSHG) fell 2.30% to $1.70 at last closing, a penny-stock price for this small tanker owner. The company owns and operates a fleet of Aframax and related crude-oil tankers, chartering its vessels to oil companies and traders.
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