UBS Arena recently hosted the third annual 3 Keys Cup charity hockey tournament, raising over $180,000 for the 43 Oak Foundation, which supports underprivileged youth in hockey. The event featured teams from nine financial institutions and highlighted the foundation's mission to promote hockey in diverse communities while providing essential resources for young athletes. Sean Grevy, the foundation's founder, expressed pride in its growth, now assisting 170 families nationwide.
Britain's new finance minister, Rachel Reeves, is set to announce significant tax hikes, potentially the largest in 30 years, to address public service issues and fund election pledges. The Labour government plans to increase borrowing by £20 billion for public investment while aiming to reassure investors of economic stability. Reeves emphasizes the need for substantial investment to drive growth, despite concerns over business optimism and the impact of higher taxes on the wealthiest citizens.
Ahead of the US Presidential election, a sell-off in US Treasuries has triggered global market fluctuations, with the 10-year yield surpassing 4.2% for the first time since July. Despite a recent half-percentage point cut by the Federal Reserve, investors are reassessing their positions, leading to increased volatility as the bond market braces for key economic data and events. The ICE BofA Move Index, which measures expected swings in Treasuries, has reached its highest level this year.
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