In 2022, we discussed the market’s deviations from long-term growth trends. That discussion centered on Jeremy Grantham’s commentary about market bubbles. To wit: “All 2-sigma equity bubbles in developed countries have broken back to trend. But before they did, a handful went on to become superbubbles of 3-sigma or greater:…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.South Africa’s African National Congress is weighing a deal with two centrist parties, the Democratic Alliance and Inkatha Freedom party, to ensure “stability in government”, according to an internal draft discussion document…

President Joe Biden said he never considered forgoing a reelection bid because of his advanced age and sought to rebuff questions about his ability to serve in a wide-ranging interview with Time Magazine published Tuesday. “I can do it better than anybody you know. You’re looking at me, I can take…

By Ju-min Park and Eduardo Baptista SEOUL/PINGDU, China (Reuters) – Millions of dollars in sales of North Korean false eyelashes – marketed in beauty stores around the world as “made in China” – helped drive a recovery in the secretive state’s exports last year. The processing and packaging of North…

By Natalie Grover, Robert Harvey and Ahmad Ghaddar LONDON (Reuters) – Tankers carrying Russian oil have continued sailing through the Red Sea largely uninterrupted by Houthi attacks on shipping and face lower risks than competitors, according to shipping executives, analysts and flows data. Russia has become more dependent on trade…

Investing.com– Most Asian currencies moved in a tight range on Monday as market holiday across most of the region kept trading volumes limited, while the dollar fell slightly before key inflation data due this week.  Chinese, Singapore, South Korean and Hong Kong markets were closed for the Lunar New Year…

(Reuters) – Bond manager PIMCO said on Friday it has withdrawn from the Climate Action 100+ investor coalition, following the withdrawal of other fund firms. In a statement sent by a representative, PIMCO said “we have concluded that our Climate Action 100+ participation is no longer aligned with PIMCO’s approach…

We are living through what is being called the silver tsunami. According to Legal Jobs, “about 10,000 baby boomers turn 65 each day, and the entire generation is expected to reach retirement age by 2030.” While many people spend their working years aiming to eventually retire, there are reasons why…

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The White House on Wednesday announced that President Biden has canceled another $1.2 billion in student loan debt for more than 150,000 borrowers earlier than expected. In an executive action that was originally planned for July, Biden has activated a Savings on Valuable Education (SAVE) plan policy that cancels debt…