Canada Added 90,000 Jobs in April, Most in 15 Months
Canada’s job gains beat expectations but hiring failed to keep up with a rising population and wage growth cooled, keeping the door open for the central bank to cut rates as early as next month.
Canada’s job gains beat expectations but hiring failed to keep up with a rising population and wage growth cooled, keeping the door open for the central bank to cut rates as early as next month.
Nothing Bundt Cakes, a chain of bakeries known for one type of cake, is marketing a $240 million bond backed by nearly all of its assets, adding to the stream of esoteric offerings in the securitized debt market.
Appetite for longer-dated US bonds has shot up since the Federal Reserve signaled interest-rate hikes are unlikely, laying the groundwork for cuts later this year, according to a Bank of America client survey.
Archegos Capital Management founder Bill Hwang will defend himself against fraud and market manipulation charges by making a time-honored Wall Street argument: he’s not responsible for the other side’s losses.
Brazil’s annual inflation cooled slightly less than expected as investors deliberate the central bank’s next move after policymakers slowed the pace of interest rate cuts on price pressure concerns.
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