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China is pumping a lot of cash into its economy to calm investors

China is pumping a lot of cash into its economy to calm investors

Finance
China has been pumping a lot of cash into its system to lift market sentiment, as the world's second-largest economy walks a thin line between curbing debt and keeping everything running smoothly.Last week, the People's Bank of China injected cash totaling 810 billion Chinese yuan ($ 122.4 billion) in five straight days of daily liquidity management operations. Those actions, which represented the largest weekly net increase since January, were in part a Beijing response to its 10-year sovereign bond yields spiking to multiyear highs, experts said."Surging Chinese government bond yields hit the nerve of policymakers, so in order to further prevent a greater surge, they injected liquidity into the system to improve market sentiment," said Ken Cheung, a foreign exchange strategist at Mizuho ...
The case for reforming airport-slot allocation

The case for reforming airport-slot allocation

Finance
GULLIVER is back from the 141st Slot Conference in Madrid, a meeting of airlines and airport co-ordinators run by the International Air Transport Association (IATA), an airline lobby group. In this week’s issue, he opened the lid on how landing and take-off slots are allocated at congested airports around the world:Instead of letting airports decide who would use their runways and when, the system was designed to have schedules hammered out by committees of airlines. In the 1960s, as growing traffic started to fill up some airports, the committees became a way of parcelling out the most prized slots.Since the 1970s, allocation has been steered in most countries by IATA’s “Worldwide Slot Guidelines”. These state that an airline can keep a given slot from the previous season as long as it us
Senate, unlike House, would keep mortgage deduction intact

Senate, unlike House, would keep mortgage deduction intact

Finance
New details of GOP tax planSenate Republicans have a message for their House counterparts: leave the mortgage interest deduction alone. On Thursday, Senate Republicans unveiled their version of a tax reform bill, and it retains the current tax break that allows homeowners to deduct interest on mortgages up to $ 1 million,according to initial materials from the Senate Finance Committee. That's in contrast to the House bill proposed last week, that would limit the deduction to home loans over $ 500,000. That lower cap would have only applied to new mortgages. As lawmakers work to merge their two plans, a new limit could emerge on how much mortgage interest homeowners can deduct. So far this year, 5.4% of all loans originated were more than $ 500,000, according to data from ATTOM Data Solu...
Can Roku Stock Keep Going After Last Week's 16% Pop?

Can Roku Stock Keep Going After Last Week's 16% Pop?

Finance
One of this month's biggest winners is  Roku (NASDAQ: ROKU) , soaring 16% last week and 89% for all of November. The stock's been on fire since the company posted game-changing third-quarter results  in its first financial report as a public company.Some reports earlier in the week credited the rally to a short squeeze , which is a possibility since 4.8 million shares of Roku, or roughly 30% of the public float, were sold short by the end of October. The stock had skyrocketed 70% a week earlier on the strong quarter, so it's not out of the question to think that short sellers were scrambling to cut their losses. However, the rally was cut short on Tuesday, when Oppenheimer downgraded the stock. The unflattering analyst call ate into most of Monda...
Here’s how to teach your kids about money

Here’s how to teach your kids about money

Finance
In order to teach your children about money, giving them a piggy bank just isn't enough.In this country, children are coming up empty when it comes to dollars and cents and both schools and parents are a big part of the blame.About 1 in 5 children in the U.S. don't meet baseline levels for financial literacy proficiency, according to the often-cited PISA 2015 Financial Literacy assessment. Only 10 percent are considered "top performers" capable of analyzing complex financial products and problems.Not surprisingly, students who are required to take personal finance courses have better average credit scores and lower debt delinquency rates as young adults, according to data from the Financial Industry Regulatory Authority's Investor Education Foundation, which seeks to promote financial lite...