United States
10-year Treasury yield tops 3% for first time since 2018
U.S. Treasury yields continued their push higher on Monday, with the 10-year Treasury yield capturing a new milestone in its rapid climb in 2022. The yield on the benchmark 10-year Treasury note rose about 11 basis points to 2.994%, and hit a high of 3.01% during the session. The yield on the 30-year Treasury bond […]
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Texas Teachers’ CIO Auby is underweight stocks, says investors should hold cash despite inflation
Auby believes the Federal Reserve’s mandates are “flashing late cycle” even as other signs suggest the underlying economy is doing well. Source
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Citi behind trade that caused brief European share plunge
Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square, on the Isle of Dogs on November 05, 2020 in London, England. Dan Kitwood | Getty Images News | Getty Images The sudden fall in […]
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Biden kicks off $3 billion plan to boost battery production for electric vehicles
U.S. President Joe Biden delivers remarks about climate change and protecting national forests on Earth Day at Seward Park in Seattle, Washington, April 22, 2022. Jonathan Ernst | Reuters The Biden administration on Monday announced it will begin a $3.1 billion plan to boost domestic manufacturing of batteries, in a broader effort to shift the […]
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Stock futures inch higher after the Nasdaq posts worst month since 2008
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock index futures inched higher during overnight trading Sunday after the Nasdaq Composite Index posted its worst month since 2008, pressured by rising rates, rampant inflation, and underwhelming earnings from some of the largest technology companies. Futures contracts tied to the Dow […]
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Surging prices force consumers to ask: Can I live without it?
A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla Kessler | Bloomberg | Getty Images Sandy Magny plans to take her teenage daughter to West Palm Beach, Florida, this summer, even though airfares are surging. It won’t be cheap, but Magny doesn’t want to […]
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Pelosi visits Kyiv; ruble to be used in occupied Kherson from today, UK says. Follow our live updates
Russia wants to impose ‘strong political and economic influence’ over Kherson, UK says A Ukrainian soldier stands outside a school hit by Russian rockets in a southern Ukraine village. The U.K. Ministry of Defence said Russia has been seeking to legitimise its control of Kherson since seizing it in March. Bulent Kilic | Afp | […]
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Russia forced to merge depleted forces, UK says; Lavrov claims West will fight until ‘the last Ukrainian’
Lavrov claims West will fight until ‘the last Ukrainian’ Russian Foreign Minister Sergey Lavrov made another string of assertions in an interview with Chinese state media agency Xinhua, published Saturday morning. Lavrov claimed that NATO was interfering with a political settlement in Ukraine and that the West intended to fight until “the last Ukrainian,” according […]
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How this U.S.-made, $176,000 anti-tank weapon could change the war in Ukraine
Ukraine’s defense against Russia is being supported by billions of dollars in military aid from NATO countries. One of the most capable and expensive weapon systems supplied is the FGM-148 Javelin, a U.S.-made anti-armor weapon that costs about $176,000 each. “We don’t know where and when the next kinetic war will be, and producing new […]
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Cryptocurrency group lobbies Congress against bills that target Russian oligarchs
The cryptocurrency industry has been quietly lobbying U.S. lawmakers against legislation designed to prevent Russian oligarchs from using digital currencies to evade sanctions imposed on Russian President Vladimir Putin’s allies and their companies following Russia’s attack on Ukraine. The Blockchain Association, a lobbying group that represents more than 70 crypto platforms including Ripple, Crypto.com and […]
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