Filipinos like their pares, a traditional beef stew, served hot – but the soaring cost of liquefied petroleum gas has made that prospect increasingly difficult since war erupted in the Middle East. To save a few pesos, 20-year-old Eric Garcia delicately turned a knob to adjust the flame under his warming trays to the lowest setting as he grapples with fuel costs that have nearly doubled in price. ...
Filipinos like their pares, a traditional beef stew, served hot – but the soaring cost of liquefied petroleum gas has made that prospect increasingly difficult since war erupted in the Middle East. To save a few pesos, 20-year-old Eric Garcia delicately turned a knob to adjust the flame under his warming trays to the lowest setting as he grapples with fuel costs that have nearly doubled in price. While sticker shock at petrol stations has garnered the biggest headlines since the war forced the...
Amid the conflict in the Middle East, many investors are understandably confused about how to move forward. This is exacerbated by the current market environment. At 38, the Shiller P/E ratio is far above historical averages, and a massive decline could occur if market conditions deteriorate. Nonetheless, investors should remember that the overall market has recovered from every past downturn. Add...
Amid the conflict in the Middle East, many investors are understandably confused about how to move forward. This is exacerbated by the current market environment. At 38, the Shiller P/E ratio is far above historical averages, and a massive decline could occur if market conditions deteriorate. Nonetheless, investors should remember that the overall market has recovered from every past downturn. Additionally, while longtime CEO Warren Buffett raised a record amount of cash before retiring from Berkshire Hathaway , he retained considerable stock holdings. That approach indicates that investors should stay the course even if they preserve optionality by holding considerable amounts of cash. Regardless of what happens in the near term, these three artificial intelligence ( AI) stocks should hold investors in good stead as they navigate an uncertain environment. Continue reading
Hyundai Motor has spearheaded a comeback among foreign marques vying for a slice of the Chinese electric vehicle (EV) market, launching a new brand built around local technologies and partnerships. The South Korean carmaker, which reversed a six-year sales decline in 2025, said it would soon introduce production models under the Ioniq brand tailored for Chinese consumers, as it steps up its push i...
Hyundai Motor has spearheaded a comeback among foreign marques vying for a slice of the Chinese electric vehicle (EV) market, launching a new brand built around local technologies and partnerships. The South Korean carmaker, which reversed a six-year sales decline in 2025, said it would soon introduce production models under the Ioniq brand tailored for Chinese consumers, as it steps up its push into the world’s largest automotive market. “The newly launched Ioniq brand in China evolves beyond a...
designer491/iStock via Getty Images By Mark Paris, Chief Investment Officer, Invesco Fixed Income, Municipals | Tim Spitz, Senior Client Portfolio Manager, Team Lead Tim: March was a tough month for municipal bonds, with the Bloomberg Municipal Bond Index returning -2.32%. 1 What do you think accounted for the weakness? Mark: I think it was due to several challenges that hit all at once. Rising ge...
designer491/iStock via Getty Images By Mark Paris, Chief Investment Officer, Invesco Fixed Income, Municipals | Tim Spitz, Senior Client Portfolio Manager, Team Lead Tim: March was a tough month for municipal bonds, with the Bloomberg Municipal Bond Index returning -2.32%. 1 What do you think accounted for the weakness? Mark: I think it was due to several challenges that hit all at once. Rising geopolitical tensions drove oil prices higher, spurring renewed inflation worries. As inflation expectations increased, investors demanded higher yields across fixed income assets, which put downward pressure on bond prices, including those of municipal bonds. Rapid shifts in investor sentiment, driven by those same geopolitical headlines, added to the volatility. Yields on a 10-year AAA general obligation bond, for example, climbed more than 60 basis points during March, hitting 3.11% on March 27—its highest level since September 2025. 2 At the same time, seasonal pressures worked against the municipal market. Investment flows declined as investors prepared to fulfill their April tax obligations. Meanwhile, new issuance remained high, and reinvestment capital dried up. All combined, these factors led to negative total returns for municipals, resulting in their weakest month in more than two years. 3 Tim: This dramatic rise in yields has had some repercussions for muni issuance, hasn't it? Mark: It has. As we've discussed many times, March can be one of the trickier months for issuers due to weaker market technicals. Since supply outweighs demand, issuers need to offer higher yields in order to attract buyers. Now, we've had to add rate volatility from inflationary fears and geopolitical uncertainty into the equation, which has affected several new deals. Illinois and New York City were two examples of issuers having to reduce their deal sizes in late March. 4 In response, a major bank revised its 2026 municipal supply forecast down by roughly 6%, lowering it to $600 billion ...
An emotional singing contest starts in rainy Liverpool. Plus: will Paddington win big at the Oliviers? Here’s what to watch this evening 9pm, Channel 4 Continue reading...
An emotional singing contest starts in rainy Liverpool. Plus: will Paddington win big at the Oliviers? Here’s what to watch this evening 9pm, Channel 4 Continue reading...