About 77% of investors who closed on a new Toronto condo with a mortgage last year are losing money.
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Bloomberg News reposted this
#BloombergScreentime returns to LA October 9-10th with Host Lucas Shaw! Don't miss conversations with: OnlyFans' CEO Keily Blair #HotOnes' Sean Evans Netflix' Bela Bajaria Puck News' Matthew Belloni Whitney Cummings 🎟️ https://bloom.bg/4cNq9eG
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Longtime LinkedIn users irked by increasingly personal posts lament that the job-seeking website has become more like Facebook.
Gen Z’s Confessional Style Fuels Generational Divide on LinkedIn
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Bloomberg News reposted this
Gregg Abella, a money manager in New Jersey, wasn’t expecting the flood of phone calls he got from clients this past week. “Suddenly people are saying to us, ‘Wow, do you think it’s a good time for us to add #bonds?’” It’s something of a vindication for Abella. He’s been, in his words, “banging the gong” for bonds — and asset diversification, more broadly — for years. This was long a decidedly out-of-favor recommendation. Until, that is, #stocks started to tumble this month. Quickly, demand for the safety of debt soared, driving 10-year Treasury yields at one point early last week to the lowest levels since mid-2023. Read more from Liz Capo McCormick and Ye Xie, CFA via Bloomberg News
Bonds Are Back as a Hedge After Failing Investors for Years
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Investors will have a brief window to buy the dip in US stocks at the end of this month as selling pressure from systematic funds eases while companies boost share buybacks, according to Scott Rubner at Goldman Sachs
Goldman’s Trading Desk Sees Brief Window to Buy Dip in Stocks
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Bloomberg News reposted this
CFO recruitment trends are pointing to tougher economic conditions ahead. That’s according to an exclusive sneak peek of research by Crist|Kolder Associates on executive moves at companies in the S&P 500 and Fortune 500. More in the tenth edition of our CFO Briefing. Sign up: https://lnkd.in/eNvp3uYN Investors seeking clues about an economy’s health can look at a range of gauges, from payrolls to inflation and consumer spending, for a sense of direction. For CFO recruiters, three key metrics within their line of work can also prove instructive: turnover, hiring from the outside and tenure. First, turnover. The analysis found that changes at the CFO level this year have been above the levels seen in 2022 and 2023, when the US economy performed more strongly. Next, external appointments, at 44%, hit a 10-year high through Aug. 1, the research showed. Lastly, the average tenure of CFOs has edged down, to 4.7 years from 4.9 years during the first seven months of 2023. “This should not be taken lightly,” said Josh Crist, co-managing partner at Crist Kolder. “This speaks to a macroeconomic trend that is troubling.” Companies tend to exchange their finance chiefs more frequently when performance lags — hence the shorter tenures and the increase in turnover — and often turn to outside candidates in those situations. Read more about the skills and experiences that recruiters are looking for in this environment, and what they think about the likely impact of the US presidential election on CFO searches. https://lnkd.in/eYVNCx6N Thanks to Josh Crist, Cathy Logue, FCPA, FCA, ICD.D, Jeff Constable, Michael Leibel and, as always, Beth Williams Liou.
Three C-Suite Trends That Worry Corporate Recruiters
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Bloomberg News reposted this
First the private credit firms came for the banking industry’s lucrative corporate loan business. Now they’re grabbing a chunk of their consumer-lending work. The pressing question for this thriving multi-trillion dollar industry is whether it has timed its latest incursion badly. Story by Abhinav Ramnarayan and Kat Hidalgo https://lnkd.in/eBDWqHi7 #privatecredit #privatedebt #consumerlending
Private Credit Enters Risky Terrain With Huge Bets on Consumers
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Modi opponents demand India’s market regulator chief step down, after Hindenburg alleges conflict of interest with Adani. Menaka Doshi explains how the American short seller’s latest claim reached India’s political battleground. Read more https://trib.al/hNSoHOg
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Chinese regulators tell some rural banks not to settle their purchases of government bonds, some of the most extreme measures yet to cool a market rally that has alarmed Beijing.
China Regulators Tell Some Rural Banks to Renege on Bond Trades
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Bloomberg News reposted this
Gym chains survived the COVID-19 pandemic, but stiff competition and higher costs have made the industry lose bulk. Blink Fitness, a low-cost offshoot owned by luxury gym chain Equinox, filed for bankruptcy today. The company operates more than 100 fitness centers in the US. Blink's bankruptcy marks the latest crack in the industry, especially among middle-market and low-tier gym chains, which are up against luxury operators like Equinox and Life Time. Gold’s Gym, 24 Hour Fitness, and Town Sports International, are only some of the gyms that have gone bankrupt after the virus. Read more in my Bloomberg News story here: https://lnkd.in/e5ddZqWV
Equinox-Owned Blink Fitness Files for Chapter 11 Bankruptcy
bloomberg.com