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Sydney posted the sharpest climb of any city this year, rising six spots to eighth, driven by a strong Australian dollar and elevated import costs for luxury goods. Even so, regional prices rose by 7.4% in dollar terms, below the global figure. Europe posted the steepest regional increase, with prices up 14.1% in dollar terms…
The broker, an independent firm, had sold Canada Life policies for years through a managing general agency, or MGA. MGAs service and administer policies and collect service fees from the carrier for doing so. When the broker moved its book to a new agency in 2023, the incoming MGA paid the former one a transfer…
Lately, the land of the rising sun has been the land of the falling yen. While single-country equity exposure to Japan has provided investors with relative outperformance year-to-date (YTD), they appear to be better off shedding the currency drag. That strategy is more enticing given the yen has been mired in a 40-year low recently….
As time passes, it’s becoming increasingly difficult to ignore the macroeconomic elephant in the room. The U.S., the world’s most dominant economy, has $39 trillion in federal debt. This figure, which doesn’t include the $120 trillion in unfunded liabilities (related mainly to Social Security and Medicare) that the Congressional Budget Office estimates the U.S. will have…
PayPal, the struggling payments processor, rallied in premarket trade on Wednesday on a report that rival Stripe is teaming up with private-equity group Advent International on a bid.
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