U.S. 10-Yr Yield Rises to 1.2%, Inflation Expectations Build | Investing News

LONDON (Reuters) – A U.S. Treasury selloff gathered pace on Monday, with 10-year yields rising to 1.20% and inflation expectations at the highest since 2014 as investors priced an acceleration in economic recovery thanks to President Joe Biden’s spending package.

The $1.9 trillion stimulus package looks likely to be approved by Congress, bypassing Republican roadblocks. Friday’s lacklustre labour data appeared to highlight the urgency of getting state support to the economy.

Ten-year borrowing costs extended their rise to the highest since last March at 1.2%, while 30-year yields touched 2% for the first time since mid-February 2020.

Ten-year yields are up around 30 bps since end-2020.

Rabobank analysts said the catalyst appeared to be Treasury Secretary Janet Yellen’s comments “where she cited her expectation that, with sufficient fiscal support, the U.S. should be at full employment in 2022”.

The Treasury curve steepened further, with the gap between 2- and 10-year

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Luxury shoppers flock online, but stores aren’t going out of style

Luxury consumers shopped online more than ever in the past year, forced by coronavirus-related restrictions to stay away from city-center stores and airport duty-free concessions. But while the shift toward e-commerce might seem to herald the dominance of the digital, the physical store could still have a role to play in the future of luxury.

Since the coronavirus pandemic began its spread across the globe a year ago, luxury-goods stores have had to roll down their shutters for a good part of the year as governments attempt to limit contagions. International travel, too, has been curtailed on a massive scale–and with it, the big business of luxury travel retail.

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Conversely, e-commerce sales have skyrocketed, with many if not most brands reporting increases in online revenue.

Online sales at Gucci’s

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Board Games the Standout Star in Hasbro’s 4th Quarter | Rhode Island News

By MICHELLE CHAPMAN, AP Business Writer

The critical holiday shopping season, coupled with quarantining amid the ongoing coronavirus pandemic, pushed board game sales up 21% at Hasbro in the fourth quarter.

The toy company’s Monopoly and Magic: The Gathering card game were strong performers in the quarter, along with Dungeons and Dragons.

Total revenue climbed 4% to $1.72 billion, slightly better than the $1.7 billion that analysts polled by Zacks Investment Research was calling for.

Hasbro earned $105.2 million, or 76 cents per share, for the period ended Dec. 27. That compares with $95.5 million, or 69 cents per share, a year ago.

Removing one-time gains and costs, earnings were $1.27 per share. That handily topped the $1.14 per share Wall Street expected.

For the year, the Pawtucket, Rhode Island-based company reported a profit of $222.5 million, or $1.62 per share. Revenue totaled $5.47 billion.

Hasbro shares rose 3.3% before

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Cannabis Stocks Watchlist: Stocks to Buy in the Sector

The cannabis sector was rising this past week after news that Jazz Pharmaceuticals was purchasing GW Pharmaceuticals for its treatments including cannabinoid-therapeutics. 

If you’re looking for the best stocks to invest in in the cannabis sector, TheStreet’s Debra Borchardt recently shared her top stock picks in the cannabis sector for 2021.

For more in-depth coverage of the cannabis sector including buy and sell recommendations and investment strategies, subscribe to read Borchardt on Real Money.

Here is a list of the cannabis stocks to watch and their performance from this past week by the percentage change at the close of trading on Feb. 5.

Trulieve Cannabis Corp. | Increased +15.92

Real Money writer James “RevShark” DePorre explained why people should forget the low-priced Sundial Growers, which has recently become a favorite of investors on social media. Trulieve Cannabis  (TCNNF) – Get Report is a cannabis stock which investors should

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