Politics
Recession fears tied to Treasury yields are overblown, Canaccord’s Tony Dwyer suggests
Wall Street may be overestimating recession risks. While investors focus on an unnerving inversion between the five-year and 30-year Treasury Note yields, Canaccord Genuity’s Tony Dwyer is concentrating on optimistic activity in another part of the bond market. According to Dwyer, the three-month versus five-year yield shows a healthier picture of the U.S. economy because […]
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SEC seeks to broaden definition of dealer to ease liquidity worries
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, U.S., September 14, 2021. Evelyn Hockstein | Reuters The Securities and Exchange Commission on Monday proposed two rules that would force more trading firms to register […]
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Biden says his ‘moral outrage’ at Putin does not signal a U.S. policy shift
U.S. President Joe Biden announces his budget proposal for fiscal year 2023, as Office of Management and Budget (OMB) Director Shalanda Young listens in the State Dining Room at the White House in Washington, U.S., March 28, 2022. Kevin Lamarque | Reuters President Joe Biden on Monday clarified that his statement that Russian President Vladimir […]
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Disney vows to help repeal ‘Don’t Say Gay’ law, says Florida Gov. DeSantis shouldn’t have signed it
Walt Disney employees and demonstrators during a rally against the Florida “Don’t Say Gay” bill at Griffith Park in Glendale, California, U.S., on Tuesday, March 22, 2022. Alisha Jucevic | Bloomberg | Getty Images After Gov. Ron DeSantis signed Florida’s so-called “Don’t Say Gay” bill into law on Monday, the Walt Disney Company condemned the […]
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Watch live: Biden discusses proposed tax on ultra-rich and defense spending in 2023 budget
[The stream is slated to start at 2:45 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden is scheduled to unveil his 2023 federal budget on Monday afternoon at the White House. The budget request to Congress features tax hikes on the ultra-wealthy and […]
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Biden’s 2023 budget would hike taxes on the ultra-rich and corporations, boost defense and police spending
US President Joe Biden, with Treasury Secretary Janet Yellen (L) and Defense Secretary Lloyd Austin (R), speaks during a meeting with his cabinet at the White House in Washington, DC, on March 3, 2022. Jim Watson | AFP | Getty Images WASHINGTON — President Joe Biden’s 2023 federal budget, released Monday, proposes tax hikes on […]
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Russia will ‘always’ be a part of OPEC+, UAE energy minister says
The United Arab Emirates’ energy and infrastructure minister has insisted that Russia will always be a part of OPEC+ even as governments across the globe shun the oil exporter over its war in Ukraine. Speaking to CNBC on Monday, Suhail Al Mazrouei, a former president of the oil alliance, said no other country could match […]
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5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks steady after two-week winning streak Traders on the floor of the NYSE, March 21, 2022. Source: NYSE U.S. stock futures rose slightly Monday. Wall Street was looking to close out a monthly gain for […]
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Russia claims to have changed its strategy in Ukraine — but there are doubts over its real intentions
A woman walks past huge placards bearing images of Russian President Vladimir Putin and reading “Russia does not start wars, it ends them”and “We will aim for the demilitarization and denazification of Ukraine” in the city center of Simferopol, Crimea, on March 4, 2022. Stringer | AFP | Getty Images Russia’s military strategy in Ukraine […]
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Russia and Ukraine prepare for in-person talks after Zelenskyy says he’s ready to discuss neutral status
Russia and Ukraine delegates to meet in Turkey for talks Ukrainian and Russian flags are seen on a table before talks between officials of the two countries in Belarus on March 3, 2022. Maxim Guchek | Reuters Delegations from Ukraine and Russia are scheduled to meet in Turkey today to conduct more talks. David Arakhamia, […]
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