Latest news with #Metcalfe
Yahoo
10 hours ago
- Business
- Yahoo
Global Investors Cut Back Dollar Hedging, State Street Says
(Bloomberg) -- Global investors have reduced protection against a weaker dollar, countering expectations from earlier this year that an increase in hedging would drag the currency down. Data compiled by State Street Markets, a division of one of the world's biggest money custodians, shows that non-US investors in American equities have cut their hedge ratio to 21.6%, down 2 percentage points from May. It's roughly back to levels in early April, before tariff shocks roiled stock markets and the greenback. A Photographer's Pipe Dream: Capturing New York's Vast Water System Festivals and Parades Are Canceled Amid US Immigration Anxiety A London Apartment Tower With Echoes of Victorian Rail and Ancient Rome Princeton Plans New Budget Cuts as Pressure From Trump Builds That shows the shift in insurance against foreign-exchange losses has turned out to be less of a challenge to the dollar than feared. Analysts had warned that equity investors outside the US would continue to pile into hedges — typically by selling the currency in the forward market — to protect against further downside. 'This is nothing like past moves in the hedge ratio that we've seen before, where it's moved by as much as 10%,' said Michael Metcalfe, head of macro strategy at State Street Markets. 'It remains the dollar threat that has yet to trigger.' The tariff turmoil hurt the commonly held view that the dollar was good insurance against US equity losses, since in previous bouts of risk-off sentiment the greenback traditionally rallied. Despite the change in correlation in April's selloff, foreign investor behavior doesn't seem to have shifted that much, Metcalfe said. 'Everyone's very focused on it because everyone knows the hedge ratio is low and it could be higher, but the reality is that here we are in middle of August and it hasn't really gone up,' Metcalfe said. That may reflect the fact that investors typically look back over a longer period, such as three to five years, when assessing the best level of currency protection. On that basis, the dollar still looks like a decent hedge for periods where stocks have dropped. On top of that, the dollar won some respite in July as the worst-case scenarios for trade tariffs appeared to have been averted. Meanwhile, a recovery in US stocks has seen the S&P 500 surge back to all-time highs. Holding Back Given hedging comes at a cost, fund managers may simply be taking longer to decide on the best path from here. Three-month dollar hedging costs for euro-based investors, for example, climbed from a low of 1.31% last September to more than 2.40% in June and July, and are still holding above 2.20%. 'Investors seem to be holding back to see how much of what we've seen in the first eight months of 2025 will be repeated going forward,' Metcalfe said. Earlier this month, Deutsche Bank AG suggested that July's dollar bounce — when it posted its first monthly gain this year — may have been linked to a lack of new information around hedging decisions and portfolio re-allocations by long-term investors. Still, strategist Tim Baker said such changes are likely to take longer to play out. 'Our work has shown a raft of lightly-hedged dollar exposures around the world as of earlier this year, and we're not sure that's been addressed in a few short months,' he wrote in a note. 'Our take — give this story time.' (Adds additional context, Deutsche Bank comment.) Foreigners Are Buying US Homes Again While Americans Get Sidelined What Declining Cardboard Box Sales Tell Us About the US Economy Americans Are Getting Priced Out of Homeownership at Record Rates Living With 12 Strangers to Ease a Housing Crunch Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
2 days ago
- Entertainment
- Time of India
'Desperate Housewives' star Jesse Metcalfe opens up about the feud rumors; recalls feeling oblivious: 'I was just happy to have a job...'
Jesse Metcalfe , the 'John Tucker Must Die' actor, recalled the time of his ' Desperate Housewives ' era and the longstanding rumors of the off-camera feud. While the gossips persist, the actor believes that he was too happy having the job to look into the problematic matters. Jesse Metcalfe opens up about feeling oblivious Metcalfe, the actor who played the role of the gardener boyfriend of Eva Longoria 's Gabrielle Solis, opened up about his experience on the 2004 show that lasted for eight seasons. The series starred Longoria, Felicity Huffman , Marcia Cross , Teri Hatcher , and Nicollette Sheridan , who left the series post the fifth season due to issues with the creator Marc Cherry , according to People. 'I was just happy to have a job. I went through an entire pilot season, I didn't book anything, and I tested for Desperate Housewives, which was a recast, right at the end of that pilot season, and ended up booking it," the 46-year-old said, adding that the show put him on the map and was riding along the way. 'Matter of fact, there's a lot of stories about all the drama on that set between some of our lead females,' he said, before adding, 'And I was like, I was oblivious to it, basically, you know, because I was just so thrilled to be on a show and just so in the moment.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Money, Acting, and Cage Furthermore, Metcalfe discoursed that for someone who had minimal acting experience, it was enthralling to receive money for a significant acting job, and the lifestyle he had after working on the series, he said in a 2020 interview with Variety. Meanwhile, the actor also revealed that he felt 'caged' after feeling the pressure of constantly doing scenes without his shirt, in an interview with i-D in 2021.
Edmonton Journal
2 days ago
- Edmonton Journal
'Somebody knows': Grandmother of Edmonton teen killed in hit-and-run speaks out
Ellen Metcalfe was at an eye appointment last week when she broke down in tears. Article content She had just received news that police had located the vehicle they believe was involved in the death of her 13-year-old grandson last year in south Edmonton. Article content Article content Police released a photo of a blue 2017 Mazda 3 allegedly connected to the death of Adam (AJ) Edhi on May 29, 2024. Article content 'I felt absolute shock and disbelief,' Metcalfe said in a phone interview with Postmedia earlier this week from her home near Okotoks, roughly 50 km south of Calgary. Article content Article content 'Now we have the suspect car, but we don't know anything else. Finding that car is a gift in a sense, but at the same time, we still don't have all the answers.' Article content Article content The photo shows substantial damage to the front end of the driver's side of the vehicle. Article content Investigators found the damaged sedan in a repair shop in Edmonton. The car had yet to receive any repairs or alterations, said police in a release. Article content Police said the car's driver is still at large, and are seeking tips from the public to help identify and locate a suspect. Article content The development comes on the heels of police releasing a video of the suspect vehicle in early July. Article content 'You can see the damage. He (Adam) was in the driver's line of site. When you look at the car, how could you miss (seeing) him? He was right there, but you were driving too fast,' said Metcalfe. Article content 'I feel like there are people out there helping to hide this person. We need someone from the public to come forward. Someone has to know who drives that car.' Article content Article content Metcalfe said there isn't a day goes by that she doesn't have questions rolling around in her head. Who did it? Why did they leave her grandson to die on the side of the road? Article content Article content 'When I saw the (media) report, I felt totally sideswiped. I just broke down and tears were streaming down my face. I just kept saying, 'They caught the car, they caught the car,'' said Metcalfe. Article content Just after 4 a.m. on May 29, 2024, Edhi was riding his bike to his girlfriend's house to spend time with her before the two ventured off to school, when he was struck and killed. The crash occurred in the eastbound lanes of 34 Avenue, east of 48 Street. Article content Metcalfe said her daughter, Jessa Lynch, has received negative messages online from people over the past year, because of the time when the collision occurred. Article content 'I see them attacking my daughter online saying, 'Why is a child out at that time?' Even a year after, they're attacking her parenting skills. Have you ever been a teenager in love, and sneak out of the house?' said Metcalfe.
Hindustan Times
2 days ago
- Entertainment
- Hindustan Times
Jesse Metcalfe breaks silence on rumored Desperate Housewives feuds years later: ‘I was just so thrilled to…'
Jesse Metcalfe is not weighing in on the long-rumored feuds from Desperate Housewives - because, according to him, he did not notice them. Speaking at the Southfork Experience: Dallas Panel: The Ewing Heirs on August 9, the actor looked back on his early days on the ABC drama. Metcalfe played John Rowland, the teenage gardener who falls into a steamy affair with Eva Longoria's character, Gabrielle Solis. Jesse Metcalfe played John Rowland, the teenage gardener who falls into a steamy affair with Eva Longoria's character, Gabrielle Solis.(Instagram/Jesse Metcalfe) The role put him on the map, and he admitted he was more focused on surviving as a working actor at the time than paying attention to any off-camera tension, reports People. 'I was just happy to have a job. I went through an entire pilot season, I didn't book anything, and I tested for Desperate Housewives, which was a recast, right at the end of that pilot season, and ended up booking it,' Metcalfe said at the Panel. Also read: Valerie Mahaffey, Emmy winner known for Desperate Housewives and Young Sheldon, dies of cancer at 71 The show premiered in 2004 and ran eight seasons, fronted by Longoria, Felicity Huffman, Marcia Cross, Teri Hatcher, and Nicollette Sheridan. Sheridan's departure after season five stirred headlines at the time, but Metcalfe insists he never got caught up in the whispers. Jesse Metcalfe says he was 'oblivious' to the drama 'There are a lot of stories about all the drama on that set between some of our lead females. And I was like, I was oblivious to it, basically, you know, because I was just so thrilled to be on a show and just so in the moment,' he explained. He added that working alongside such a seasoned group of women was something he was 'very grateful' for. 'I was just kind of riding the wave, you know, because that show really broke me and I had everything coming at me and I was just enjoying it,' he said. Also read: Lilo & Stitch On OTT: When and where to watch popular sci-fi comedy film online Melcalfe on career pressures after fame Metcalfe has been candid before about the role shaping - and at times limiting - his career. In 2020, he told Variety that his time on the series was 'everything I thought it would be and more.' But a year later, speaking to i-D, he admitted the constant pressure to play the shirtless heartthrob left him feeling boxed in. 'The industry tends to think if you look a certain way, that is all you have to offer,' he said. The actor left the series in 2009 and described the following years as formative. 'It definitely built character. I had to really look within and figure out who I really was because that's the foundation,' he reflected. With a reboot, Wisteria Lane, in development, Metcalfe told the Dallas panel he is not sure whether original cast members will return. FAQs Did Jesse Metcalfe notice the rumored drama on Desperate Housewives? No, he said he was 'oblivious' and too focused on enjoying his role. Who did Jesse Metcalfe play on Desperate Housewives? He played John Rowland, Gabrielle Solis' teenage gardener. Why did Nicollette Sheridan leave the show? She exited after season five, following issues with creator Marc Cherry. Did Jesse Metcalfe feel typecast on the show? Yes, he said there was pressure to be shirtless on screen, which left him feeling limited. Will he return for the Wisteria Lane reboot? Metcalfe said he doesn't know if original cast members will be included.
Hamilton Spectator
01-08-2025
- Hamilton Spectator
Essex hosts Water Safety Day on the shoreline
With National Drowning Prevention Week kicking-off on Sunday, July 20, the Town of Essex hosted a Water Safety Day down at the Colchester Harbour and Beach. The informational event aimed to arm individuals and families with tips to help keep safe in and around water by learning how to prevent incidents, recognizing hazards, and putting safety first. National Drowning Prevention Week takes place annually during the third-week of July. The Lifesaving Society designates this recognition to bring attention to drowning prevention. This year's recognition week will take place July 20-26, with the 'Safer Together' theme. During the event, individuals and families were able to visit various stations set up throughout the site, each providing a different tip or piece of information on how to be safe around the water. Each station was manned by different organizations, such as the Town of Essex and the Swim and Lifesaving Club, Essex Fire & Rescue Services, the OPP, and the Guardian Marine Rescue. Dan Metcalfe is part of the Windsor-Essex County Drowning Prevention and Water Safety Coalition, and is also the Emergency Measures Coordinator for the County of Essex. He hosted one of the booths onsite, noting he tries to attend several events to promote water safety throughout the season. The County of Essex works closely with a number of partners to promote water safety and prevent injuries in the water, including local police, fire, EMS, Canadian Navy, Coast Guard and Auxiliary, Windsor Port Authority, and others. The County of Essex is also a member of the Great Lakes Water Safety Consortium, and leads the Windsor-Essex County Drowning Prevention and Water Safety Coalition. He reiterated the importance of being smart around the water and to recognize potential risks or hazards. One way to do so is to sign youths up for swimming lessons. In addition, swimmers should stay within an arm's reach of children swimming, always have someone on duty to supervise water activities, wear a properly fitted and approved lifejacket when in a boat, use the buddy system, be on the lookout for potential hazards, and respect currents in lakes and open water, as they can change. Having respect for the water is paramount. Currents in lakes, and in piers, can change, which can put swimmers at risk, he said. Metcalfe also noted there are two currents that meet at Sand Point Beach in Windsor, which form a whirlpool and can be dangerous to swimmers. He also spoke of there being two currents at Point Pelee that can also put swimmers at risk. It is important to pay attention to signage when visiting water areas, to be aware of any dangers, he added. He also spoke of how storms can move sandbars from where swimmers may have become used to them being located. For Mayor Sherry Bondy, promoting this day of recognition was important, knowing all of the local municipalities are surrounded by water. It is important to take the time every year to provide important education to the public about water safety around pools and beaches. Having a municipality with shoreline, residents take part in water and beach activities, Bondy added, reaffirming the need to reiterate safety procedures and things that can be overlooked but can be crucial to being smart around the water. Bondy spoke of drownings that have taken place at Sand Point Beach in Windsor and the need to ensure that does not happen again. 'It was great to see people out at the Water Safety Day, and the different groups coming together to participate, such as the OPP Rescue Boat [team] and hear how they respond,' Bondy added. She was also glad to see members of the Guardian Marine Rescue team, which operates rescue boats in Colchester Harbour and Belle River. Bondy noted they are always looking for donations and members. To learn more, log onto Recently, Bondy brought the matter of water safety up at Essex County Council, wondering if it would be possible to raise a flag to recognize the upcoming National Drowning Prevention Week. It was noted the County did not have a flag to raise, but would double down on the messaging this year. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
