4 Min Read
NEW YORK (Reuters) -U.S. shares rebounded on Thursday after falling for three consecutive days and benchmark Treasury yields dipped, as investors snapped up technology stocks and shrugged off worries about rising prices, for now.
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 7, 2021. REUTERS/Staff
After posting their biggest slump in at least 11 weeks on Wednesday, U.S. shares bounced back as cash-flush investors looked past concerns that accelerating inflation may prompt quicker interest rate hikes, and deployed their funds once more.
So intent were investors on leaving inflation worries aside that financial markets barely responded to Thursday’s data, which showed U.S. producer prices posting their biggest annual gain since 2010 in April.
3 Min Read
LONDON, May 13 (Reuters) - Global debt levels declined for the first time in 2-1/2 years in the first quarter, driven by a fall in developed markets, but indebtedness across developing economies hit a fresh record, the Institute of International Finance (IIF) said on Thursday.
Total global debt fell by $1.7 trillion to $289 trillion with financials accounting for nearly half of that decline while government indebtedness continued to increase.
In contrast, emerging market debt levels rose by $600 billion to a fresh record high of over $86 trillion, though at a significantly slower pace the previous three quarters. This was due to a slower rise in emerging government debt largely due to fiscal constraints.
By Reuters Staff
(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)
A pizza comes out of the oven at Domino s Pizza restaurant in Los Angeles, July 18, 2018. REUTERS/Lucy Nicholson
NEW YORK (Reuters Breakingviews) - Concise insights on global finance. -
TASTY SLICE. Domino’s Pizza has delivered, and Bill Ackman wants a reorder. The hedge fund manager revealed on Wednesday here that his fund, Pershing Square Capital Management, has taken a 6% stake in the Michigan-based pie maker, touting its delivery infrastructure. Breakingviews saw Domino s potential back in late 2017 here and again last year.
Had Ackman invested on the earlier of those two occasions, the holding would have already returned twice as much as the S&P 500 Index and more than the technology-focused Nasdaq Composite Index, too. That’s without the special shareholder-activist sauce he sometimes adds, of course. Over the same period, Chipotle Mexica