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Wall Street Shines on Tech Giants While Under the Surface Most Stocks Struggle
While major Wall Street indices hover near record highs driven by AI tech giants, beneath the surface over 40% of S&P 500 stocks sit in bear markets amid soaring US treasury yields.
US Treasury Yields and Global Rates Surge Amid Inflation Pressures
September saw US 10-year Treasury yields jump 48 basis points as monetary expectations shifted. Meanwhile, the RBA hiked rates to a 15-year high of 4.60% amid ongoing inflation pressures.
US 10-Year Treasury Yields Hit 5.026% as Markets Await Fed Decision
US 10-year Treasury yields surged to 5.026%, reaching their highest level since 2007, as Asian markets retreated and Wall Street digested AI sector volatility ahead of the Federal Reserve's rate decision.
Following Tel Aviv: Jerusalem Raises Municipal Parking Rates
The Jerusalem Municipality announced an increase in municipal parking prices, which will take effect starting tomorrow morning and will apply to the general public, while for city residents the price remains unchanged. The move is intended to encourage the use of public transport while maintaining the significant benefit for Jerusalem residents.
Tel Aviv Municipality Raises Parking Rates Again: "Ahuzot HaHof" Tariffs to Jump by 20%
As part of new measures by the Tel Aviv Municipality, parking prices at "Ahuzot HaHof" lots will increase significantly. At three locations, the start time for the discounted "night mode" will be delayed from 19:00 to 21:00.