United State

Convertibles head into the sunset as automakers invest in electric vehicles

2024 Ford Mustang Source: Ford Convertibles — once a sign of freedom for the outdoors, road trips and summer adventures — are fading out as the auto industry shifts to all-electric cars and powerful SUVs. Sales of traditional drop-top cars like the Chevrolet Camaro and Ford Mustang, as well as roadsters like the Mazda Miata, …

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Is it time to buy Treasurys? Here’s how to customize your wallet, according to the professionals

The final threat to stocks now isn’t any macro risk — it’s rising two-year Treasury yields, according to some fund managers and strategists. Treasury bonds and relatively risk-free short-term funds are back in the spotlight as the two-year Treasury yield continues to rise. On Wednesday it reached 4.1% – the highest level since 2007. As …

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European markets are falling as investors digest more interest rate hikes

The Swiss franc weakened significantly against the dollar, the euro and the pound after the interest rate hike The Swiss franc weakened significantly against the US dollar, the euro and the British pound after the central bank’s decision to raise interest rates by 75 basis points to 0.5%. At 9:30 AM London time, the dollar …

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