One of California’s biggest insurers

State Farm is stopping the sale of new home-insurance policies in California effective Saturday, because of wildfire risk and rapid inflation in construction costs. https://www.wsj.com/articles/state-farm-halts-home-insurance-sales-in-california-5748c771   h/t BoatSurfer600

Hedge funds record biggest outflows of year in April as investors pull $11.57 billion

by Dismal-Jellyfish Source: https://www.marketwatch.com/story/hedge-funds-record-biggest-outflows-of-year-in-april-as-investors-pull-12-billion-9b8aeae0 Investors pulled $11.57 billion out of hedge funds in April, marking the sector’s biggest month of fund outflows of the year, according to Nasdaq eVestment. The exodus was concentrated in equity hedged funds, where $8.94 billion of …

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Some consumers with variable-rate mortgages at Canada’s biggest banks are tacking unpaid interest onto their mortgage’s principal instead of paying the full amount each month. Others are paying interest only. 2008 flashbacks

by BoatSurfer600 via bnnbloomberg: Some consumers with variable-rate mortgages at Canada’s biggest banks are tacking unpaid interest onto their mortgage’s principal instead of paying the full amount each month. Others are paying interest only. The tactics are becoming more common as …

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