GMO Reiterates ‘Once-in-a-Generation' Emerging-Market Debt Call
The firm first made the call in January 2024. Since then, the index tracking EM local currency government debt returns has risen more than 10%, outperforming the roughly 5% gain in investment-grade debt over the same period. However, the performance still lags behind the S&P 500, which has advanced 27%, and MSCI's all-country stock index, up 25%.
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Yahoo
35 minutes ago
- Yahoo
Russian rouble, stock market gain after Trump's statement on Russia
MOSCOW (Reuters) -The Russian rouble reversed losses against the dollar and rose against China's yuan after U.S. President Donald Trump warned he would impose "very severe tariffs" on Russia if no deal on a peaceful settlement is made in 50 days. As of 1605 GMT, the rouble was 0.2% weaker at 78.10 per U.S. dollar after hitting 78.75 during the day, according to LSEG data based on over-the-counter quotes. The rouble is up about 45% against the dollar since the start of the year. Trump announced new weapons for Ukraine on Monday and threatened to hit buyers of Russian exports with sanctions, expressing frustration with Russian President Vladimir Putin due to the lack of progress in ending the war in Ukraine. "Trump performed below market expectations," said analyst Artyom Nikolayev from Invest Era. "He gave 50 days during which the Russian leadership can come up with something and extend the negotiation track. Moreover, Trump likes to postpone and extend such deadlines." Against the Chinese yuan, the most traded foreign currency in Russia, the rouble strengthened 0.8% to 10.87 after weakening by over 1% on Friday. The Russian stock market rose 2.7% after Trump's statement, according to the Moscow Stock Exchange.
Yahoo
36 minutes ago
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Room AC Market Size expected to reach US$78.60 billion by 2031 Exclusive Report by The Insight Partners
NEW YORK, July 15, 2025 /PRNewswire/ -- According to a new comprehensive report from The Insight Partners, the room AC market is observing significant growth owing to the rising global temperature and the growing population and urbanization worldwide. The Room AC Market was valued at US$52.16 billion in 2024 and is projected to reach US$78.60 billion by 2031; it is expected to register a CAGR of 6.1% during 2025-2031. The Room AC Market comprises an array of product type, technology, and end users that are expected to register strength in the coming years. The report runs an in-depth analysis of market trends, key players, and future opportunities. To explore the valuable insights in the Room AC Market report, you can easily download a sample PDF of the report - Overview of Report Findings Rising Global Temperatures: According to NASA's Goddard Institute for Space Studies (GISS), the year 2024 marked the warmest global surface temperature since reliable recordkeeping began in 1880. This assessment is supported by independent analyses from the National Oceanic and Atmospheric Administration (NOAA) and other international climate research organizations. The data reveals that Earth's average temperature in 2024 was approximately 2.65 degrees Fahrenheit (1.47 degrees Celsius) higher than the preindustrial baseline (1850–1900). Notably, the last decade comprises the ten warmest years ever recorded, illustrating a clear and accelerating trend of global warming. This persistent rise in temperatures is not only a critical environmental concern but also a significant socioeconomic factor driving the growth of the room air conditioner market. Eco-Friendly Refrigerants: Refrigerants are central to the functioning of indoor climate control systems, enabling the transfer of heat that allows air conditioners to cool or heat indoor spaces. Historically, widely used refrigerants such as R-410A and R-22 have been effective in thermal management but carry a high global warming potential (GWP), contributing significantly to environmental degradation. In response to growing environmental concerns and evolving regulatory standards, the transition to next-generation refrigerants such as R-32 presents a major growth opportunity for the room air conditioner market. R-32 is a low-GWP refrigerant that offers superior thermodynamic performance and energy efficiency. With approximately 10% higher thermal capacity than R-410A, R-32 enables air conditioning systems to operate more efficiently, reducing both energy consumption and greenhouse gas emissions. The integration of R-32 into new air conditioning systems not only aligns with India's commitment to sustainability and global climate goals but also stimulates demand for redesigned and upgraded AC components. Components such as compressors, heat exchangers, and expansion valves must be optimized to handle R-32's unique properties, creating opportunities for innovation and product development within the domestic manufacturing ecosystem. From an environmental perspective, the transition to R-32 could result in a 19% reduction in CO₂-equivalent emissions over 10 years if it replaces high-GWP refrigerants across all installed AC units. For Detailed Room AC Market Insights, Visit: Market Segmentation Based on product type, the market is divided into split AC, window AC, and portable AC. The split AC segment dominated the market in 2024. In terms of technology, the market is categorized into direct inverter technology and non-inverter technology. The inverter technology segment dominated the market in 2024. By end user, the room AC market is categorized as residential and commercial. The residential segment dominated the market in 2024. Competitive Strategy and Development Key Players: Panasonic Holdings Corp, Voltas Ltd, Carrier Global Corp, LG Electronics Inc, Blue Star Ltd, Daikin Industries Ltd, Samsung Electronics Co Ltd, Mitsubishi Electric Corp, Whirlpool Corp, Johnson Controls - Hitachi Air Conditioning Company are among the major companies operating in the room AC market. Trending Topics: Room AC Component market, Air Conditioner Market, and Commercial HVAC Market Stay Updated on The Latest Room AC Market Trends: Global Headlines on Electronic Data Interchange Daikin announced the commencement of mass production of its residential air conditioner in its first full-scale residential AC factory in Indonesia.. Samsung launched its 2025 lineup of BESPOKE AI WindFree Air conditioners, a fusion of cutting-edge AI technology and premium design. With a focus on intelligent cooling, energy efficiency, and connected living, the new range of 19 models caters to the evolving demands of Indian consumers. Purchase Premium Copy of Global Room AC Market Size and Growth Report (2021-2031) at: Conclusion A Room Air Conditioner (RAC) is a compact, self-contained cooling device designed to regulate the temperature, humidity, and air quality within a single room or small enclosed space. It provides comfort in hot weather by removing heat and moisture from the indoor air and expelling it outside. It typically consists of key components such as a compressor, condenser coil, evaporator coil, expansion valve, and a fan system, all housed within a single unit that can be installed in a window, through a wall, or as a portable device. The RAC operates on the principle of the refrigeration cycle, where the refrigerant absorbs heat from the room air as it evaporates in the evaporator coil and releases it outside via the condenser coil after being compressed. This process cools the indoor air, which is circulated back into the room by a blower. At the same time, excess moisture condenses on the evaporator coil and drains away, thus also dehumidifying the space. Modern room air conditioners often include features such as adjustable thermostats, timers, energy-saving modes, air filters for improved air quality, and remote controls for convenience. Their design makes them highly suitable for localized cooling needs, especially in residential, small office, or commercial settings where central air conditioning systems are not feasible or economical. Overall, room air conditioners are an effective, affordable, and widely used solution to improve indoor comfort by maintaining a cool and pleasant environment during hot or humid conditions. Factors such as growing population & urbanization, and rising global temperatures are driving the room air conditioner market. The market is expected to grow in the forecasted period owing to the adoption of eco-friendly refrigerants and technological advancement. Accelerated manufacturing expansion is one of the key trends in the market. However, volatile raw material prices and supply chain issues may hamper the market growth. The report from The Insight Partners, therefore, provides several stakeholders—including solution providers, system integrators, and end users—with valuable insights to successfully navigate this evolving market landscape and unlock new opportunities. Trending latest Reports: The Smart meter market size is expected to reach US$49.24 billion by 2031 The Medium Voltage Cable Market size is expected to reach US$41.28 billion by 2031 Optical measuring machine market size expected to reach US$4.63 billion by 2031 Wearable EEG devices market size is projected to reach US$695.51 million by 2031 Land Mobile Radio market size is projected to reach US$24.32 billion by 2031 Wireless Antenna market size expected to reach US$7.04 billion by 2031 About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Ankit Mathur E-mail: Phone: +1-646-491-9876 Press Release - For More Latest Electronics and Semiconductor Market Research Reports & Industry Analysis - Logo: View original content: SOURCE The Insight Partners Sign in to access your portfolio
CNET
36 minutes ago
- CNET
Subscriptions Could Be Killing Your Budget. Here's How I Saved $400 in 15 Minutes
Rocket Money saved me $400 on unwanted subscriptions. It even canceled them for me. Getty Images/Rocket Money/Amy Kim/CNET The last thing anyone wants to do in this economy is lose money. But you may be bleeding cash without even realizing it. A recent CNET study found that the average US consumer spends around $200 a year on subscriptions they aren't using. I've done it myself. It's all too easy to sign up for a free trial or service and forget about it. Subscription companies are happy to take your money each month, whether or not you're actually using the service. And the recent blockage of the FTC's "Click to Cancel" rule could make it harder to cancel unwanted subscriptions. The good news is that there are apps that can help you find the subscriptions you're wasting money on and cancel them for you. I tested Rocket Money to see what it could do for me, and it helped me cut $400 worth of subscriptions in just 15 minutes. Here's how it works. Rocket Money Not only can it help you rein in your spending, but Rocket Money can also help you find and cancel unwanted subscriptions. Details CNET editors choice winner for best budgeting app See at Rocket Money Rocket Money saved me more than $400 in 15 minutes Rocket Money is a budgeting app that monitors your income and expenses, helps you set savings goals and tracks your subscriptions in one place, whether you use the free or paid version. It's also my pick for the best Mint replacement app and won CNET's Editors' Choice award. Rocket Money's paid version, which costs $6 to $12 a month, can also find and cancel some subscriptions for you. You can try this service by navigating to the Recurring tab on the app menu. You'll see subscriptions coming due in the next seven days, ones coming due later and how much you spend on these subscriptions in a year. The first thing I noticed was that my subscription to HGTV Magazine, which costs $50 for a year, was up for renewal in four days. Given my enormous pile of unread back issues, canceling this subscription was a no-brainer. Rocket Money gave me two options: The app could cancel this subscription for me or I could call the number they provided to cancel it myself. I chose to have them do it for me. The app asked for some basic information, including my name, billing address and the reason I wanted to cancel, then confirmed that it was working on it. The process was fairly painless but I have one complaint. I didn't know until after I'd submitted my cancellation request that it could take two to seven days for Rocket Money to complete the cancellation -- I found out from the pop-up confirmation I received after submitting. Fortunately, I was able to respond quickly to the email confirmation Rocket sent me and I received a response within minutes from a customer support rep who said they'd fast-track my cancellation. The next business day, my subscription was canceled. I was hooked. What else was I spending money on without realizing it? I reviewed my other subscriptions and identified a handful I no longer needed: HP Instant Ink: $4.34 per month (for a printer I don't even have anymore) $4.34 per month (for a printer I don't even have anymore) New York Times Digital: $4 per month (the number of free articles I get is usually enough for me) $4 per month (the number of free articles I get is usually enough for me) Wall Street Journal: $4 per month (same as above) $4 per month (same as above) Pandora: $10 per month (a recent switch to Amazon Prime Unlimited made this service unnecessary) $10 per month (a recent switch to Amazon Prime Unlimited made this service unnecessary) Spotify: $10 per month (same as above) I'll admit I barely noticed these small amounts when they hit my bank account each month. I'd grouped them under "Miscellaneous" in my budget and never really thought about them because that category tended to stay within my spending goals. But viewing them all grouped together, it was easy to see how quickly they could drain my budget. By canceling these subscriptions, I saved myself $32.32 per month going forward, for a total annual savings of $387.84. Add that to the savings on my HGTV Magazine subscription and that's an extra $437.81 in my pocket annually. Better yet, even though I'd only installed the app a few months earlier, Rocket Money pulled in subscriptions from years past, allowing me to catch ones that were coming due even though I hadn't paid for them since installing the app. In total, reviewing my subscriptions and having Rocket Money cancel six of them took me about 15 minutes. Not bad to get more than $400 in savings. Rocket Money's free version can still help you cut subscription costs Rocket Money's free version only shows subscriptions -- it won't cancel them for you. To access the cancellation service, you'll need the paid version, which costs $6 to $12 per month. You choose your amount, and you'll enjoy the same features regardless of how much you pay. If you don't want to pay extra for the convenience of having Rocket cancel your subscriptions for you, you could just as easily use the free version to identify your subscriptions and then cancel them yourself. You can also try using Rocket's bill negotiation service, which can help lower your monthly costs, but you'll pay 35% to 60% of your first year's savings if it's able to save you money. How to save on subscriptions without Rocket Money I used Rocket Money to trim my subscription costs because it's the budgeting app I regularly use anyway. I'd rather save a few minutes, especially if it doesn't cost me anything extra. But you can always cancel your subscriptions yourself by calling a customer service line or logging into your online account. These tips can also help you maximize your savings: Note your renewal dates. Whenever you sign up for a new service, note when it's due to renew. Then, set a reminder on your calendar for the week before so you can decide if it's worth renewing and cancel if not. If you sign up for a free trial, use a virtual card to make canceling a breeze. Review your budget regularly. Going over your budget weekly can help you spot subscription charges that have already hit your account and cancel them before they cost you more. But don't just take a cursory glance. Look at each transaction, even the minor ones. I was keeping a general eye on my spending, but I wasn't always doing it line by line to evaluate if each expense was truly worth it. Rotate your streaming services. You can only watch so much content in a month. One of the easiest ways I've found to keep my subscription costs down is to only subscribe to one streaming service at a time. For example, when one of the shows I love dropped its new season on Netflix, I canceled my Hulu and signed up for a month of Netflix. I watched everything that interested me on Netflix before the month was up, then I canceled it and moved on to another service. Take advantage of complimentary subscriptions. Some subscriptions give you free access to other services. For instance, Walmart Plus members get a free Paramount Plus subscription. Amazon Prime membership comes with perks like a free Amazon Music subscription and a free year of Grubhub Plus. Take a look at your existing subscriptions to see if they offer any free perks you can take advantage of. Visit your local library. Many library systems offer free access to newspapers, magazines and movies and TV series on DVD. Check out your local library to see what you can enjoy for free.
