Why is Allstate stock sliding today?

Longer-duration bonds have seen their yields soar in recent weeks. None more than the yield on the 30-year U.S. Treasury bond, which hovered around 5.23% (as of Aug. 24), nearing its highest level seen since 2007. Longer-duration bonds have rocketed higher as inflation remains elevated, the Iran war continues on with no obvious end in…

Boxes of Tide Pods laundry detergent are displayed at a Costco Wholesale store on May 15, 2026 in San Diego, California. Kevin Carter | Getty Images Procter & Gamble on Wednesday reported mixed quarterly results, as underwhelming demand for its products resulted in weaker-than-expected sales. Shares of the company fell roughly 3% in morning trading….

Canada’s financial system has functioned well through a challenging year. Households and businesses remain in stable financial condition, and banks have strengthened their capacity to absorb shocks. However, vulnerabilities have increased in some parts of the system, and a more turbulent global environment poses risks to financial stability.

Across the country, policymakers are increasingly interested in taxing data processing and businesses’ digital services. Proposals differ, but they include extending the sales taxA sales tax is levied on retail sales of goods and services and, ideally, should apply to all final consumption with few exemptions. Many governments exempt goods like groceries; base broadening, such…

The bond market is voting against Warsh. Bond yields hit the highest since 2007 !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

Statement On 27 August 2026, Swift announced its decision to delay the November 2026 Swift Standards Release based on industry’s request for additional time to prepare for the removal of the unstructured postal address format following concerns about global readiness.  After careful consideration, we are also delaying what would have been the November 2026 RTGS…