Business


Bond selloff sends 10-year Treasury yield to 27-month high

In another sign of the reflation trade, breakeven rates - the gap between yields on five-year United States debt and a matching tenor in inflation-protected securities - was at two-month highs, indicating markets are expecting inflation to accelerate.


McCain backs Trump criticism of F-35, says president can't cancel it

McCain backs Trump criticism of F-35, says president can't cancel it

Trump's latest Twitter broadside sent defence shares tumbling and fanned concerns that the incoming administration will reduce defence contractors' profit margins and cut broader federal spending, threatening US factory jobs even as Trump promises to boost manufacturing employment."The F-35 program and cost is out of control", Trump said on Twitter, echoing campaign promises to cut waste in federal spending.


Monte dei Paschi races to raise €5 bln to stay afloat

Monte dei Paschi races to raise €5 bln to stay afloat

However, the source said that any injection of public money would involve the mandatory conversion of subordinated bonds into shares, including for 40,000 retail investors, in line with European rules for dealing with bank crises. In a statement, the world's oldest bank said it would stick to the recovery plan it outlined on 25 October, which includes issuing new shares. Monte dei Paschi is among several large Italian banks fighting having a substantial weight of bad loans which are not ...



Netflix, Google Photos begin staged roll-out to Google Home

However, as Android Police reports , this should not be the case anymore... To setup the link for each, head into your Google Home app, slide out the side menu and tap on "More settings". But if not, you have to wait for a couple of days and try again. Netflix is heading to Google Home any day now: Google's smart speaker will soon be able to start the playback of movies and TV shows from Netflix to any Chromecast-equipped TV upon hearing a simple voice command.


House prices predicted to rise 2% next year

House prices predicted to rise 2% next year

As recently as July this year, Greater London had the highest annual house price inflation of any United Kingdom region but in October it was the lowest, up just 0.1% over the year. Adrian Gill, director of Your Move and Reeds Rains estate agents, said: "House price growth has slowed again, but in London, as elsewhere, there's still appetite to continue driving up prices where buyers see value".


OH gas prices 21 cents higher than same time last month

OH gas prices 21 cents higher than same time last month

Sacramento, CA, December 12- Average retail gasoline prices in Sacramento have fallen 0.5 cents per gallon in the past week, averaging $2.49/g yesterday, according to GasBuddy's daily survey of 720 gas outlets in Sacramento. Crude oil prices are up about 3.4% Monday morning with WTI crude oil for January delivery trading at $53.23 after closing at $51.50 on Friday. Mount Morris and Nunda have current prices that are 17 cents higher than a year ago.