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Latest 24 Hour Economy News
Source: Common Domain

This is why baby boomers are divorcing at a stunning rate

Today 14:29 GMT

Of course, when they were younger, the rate of divorce among the baby boomer demographic was also quite high — “unprecedented,” Pew says — and that may be making things worse now. “Their marital instability earlier in life is contributing to the rising divorce rate among adults ages 50 and older today, since remarriages tend to be less stable than first marriages.”

Among U.S. adults ages 50 and older, the divorce rate has roughly doubled since the 1990s, according to a Pew Research Center report.

Source: Common Domain

Mortgage rates retreat, but housing supply crunch won't let up

Today 12:39 GMT

Rates for home loans fell in tandem with the bond market, a welcome respite for the housing market after a recent run-up in home financing costs.

The 30-year fixed-rate mortgage averaged 4.85% in the October 18 week, down 5 basis points, mortgage buyer Freddie Mac said Thursday. Rates for home loans fell in tandem with the bond market, a welcome respite for the housing market after a recent run-up in home financing costs.

Source: Common Domain

Investors weigh whether to ditch stocks for bonds as yields finally offer an alternative

Today 11:44 GMT

TINA is the acronym for “there is no alternative,” a market mantra that reflected the frustration of investors who saw no alternative to stocks in a post-financial crisis world dominated by ultralow government bond yields as the Federal Reserve and other global central banks embarked on asset-buying programs and other forms of extraordinary stimulus.

A selloff in Treasurys has seen longer-dated yields rise quickly in recent weeks, playing catch-up with a long-running rise in shorter-dated yields.

Source: The Guradian

Silicon Valley's Saudi ties face fresh scrutiny in wake of Khashoggi affair

Today 05:09 GMT

While some tech executives made moves to distance themselves from Salman, with a big drop-off in attendance and speakers at a Saudi conference scheduled this month and a withdrawal in support for Neom, a futuristic city being planned in the country, US-based startups who have accepted funding have stayed silent, declining to comment about their financial ties to the country.

But, amid international outcry over the death of the dissident Saudi Arabian journalist Jamal Khashoggi, the money that helped this vision materialize, and enabled Son and SoftBank to have a dramatic impact on the industry, may now be its biggest liability.

Source: Common Domain

Menteng: Presidential Prestige in the Heart of Indonesia’s Capital Jakarta

Today 05:09 GMT

Located in the heart of the Indonesian capital, Menteng is an upscale subdistrict of the Central Jakarta municipality and home to some of the best addresses in the sprawling metropolis.

Menteng’s prevalence among wealthy entrepreneurs from areas outside of Jakarta increases demand and drives the market up, too, he added, noting that Menteng’s prestige and accessibility make property here a worthy venture.

Source: Common Domain

5 companies that spent lavishly on stock buybacks while pension funding lagged

Today 05:09 GMT

Even as corporate executives engage in a spree of share buybacks to spur stock prices higher, many have eschewed adding to their employee’s pension pots.

In the chart below, the amount of buybacks and pension contributions between 2009 and 2017 for the five companies is compared alongside their respective pension funding ratio, which represents how much the company can deliver on its future pension obligations as a percentage of the plan’s total assets.

Source: CBS News

NYPD makes arrest in connection with violent Proud Boys brawl

Saturday 04:14 GMT
Source: Washington Post

Turkish investigators expand search for missing journalist to forest, farm outside Istanbul

Friday 08:05 GMT
Source: Global News

Pot is legal, but that doesn’t mean Canadians think other drugs should be: Ipsos poll

Friday 08:05 GMT
Source: BBC

Mim Shaikh: I travelled 4000 miles to find my dad

Saturday 13:35 GMT
Source: Washington Post

Montgomery County upgrades vocational training

Monday 00:34 GMT
Source: Fox News

Keith Urban gives private hospital concert to sick fan

Saturday 19:05 GMT
Source: Washington Post

“How could you” The day Jackie Kennedy became Jackie Onassis

Saturday 19:05 GMT
Source: Fox News

Parenting is hard work, but don't get discouraged -- remember this

Today 05:09 GMT
Source: The Guradian

Remains of 63 foetuses found in second Detroit funeral home

Today 19:04 GMT
Source: Fox News

Tim Allen reveals his ideal 'Home Improvement' revival plot

Today 14:29 GMT
Source: The Guradian

Drug mix ‘extends life of breast cancer patients’

Today 19:04 GMT
Source: Common Domain

Investors weigh whether to ditch stocks for bonds as yields finally offer an alternative

Today 11:44 GMT
Source: Common Domain

Fake discounts in stores fool some shoppers more than others—here’s why

Today 09:53 GMT
Source: CBS News

China's propaganda machine takes aim at American soybean farmers

Today 17:14 GMT

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte