U.S. bond prices nudged lower on Wednesday, leaving the Treasury yield curve inverted, as traders waited for the latest update on Federal Reserve thinking. What’s happening The yield on the Read more
Tag: N/A
British Prime Minister Boris Johnson vows to stay in power
LONDON (AP) — British Prime Minister Boris Johnson says he plans to stay in power despite the resignations of two top Cabinet ministers and a slew of more junior officials. Read more
Here’s the loophole that makes the U.S. housing market more wobbly than it appears
This housing market, it would appear, isn’t built on the same creaky foundations of the subprime crisis. Consider these statistics from Fannie Mae FNMA, the U.S. government-backed buyer of home Read more
Expect the stock market to be driven ‘more by earnings than the macro’, says Morgan Stanley’s Wilson
Earnings season will be a key test for the stock market after the S&P 500 last week closed out its worst half-year performance since 1970, said strategists from Morgan Stanley. Read more
U.K finance minister and health secretary both resign
The U.K. Chancellor of the Exchequer or finance minister, Rishi Sunak, and the U.K. Health Secretary, Sajid Javid, have both quit their Cabinet posts, the BBC reported Tuesday. Both ministers Read more
Are markets underestimating how far the Fed must go to tame inflation?
The Federal Reserve isn’t even four months into its latest interest-rate -hiking cycle, and yet investors are already pricing in rate cuts as soon as next year, the latest sign Read more
Mark Cuban supports $10,000 in student loans forgiveness: ‘It has to be fixed’
“‘We don’t want this being a perennial problem. It has to be fixed. As far as how much should be forgiven, I’m good with the Biden proposal.’” That was billionaire Read more
Treasury yield curve flattens on U.S. growth fears
The U.S. yield curve flattened Tuesday as investors mulled how far the Federal Reserve will hike interest rates as the U.S. economy slows. What’s happening The yield on the 2-year Read more
U.S. stock futures drop after long weekend as dollar rallies to 19-year high
U.S. stock futures lost ground as global growth fears weighed on sentiment and the dollar hit a 19-year high. What’s happening Dow Jones Industrial Average futures YM00 fell 0.6% to Read more
U.S. stock futures drop after long weekend as dollar rallies to 19-year high
U.S. stock futures lost ground as global growth fears weighed on sentiment and the dollar hit a 19-year high. What’s happening Dow Jones Industrial Average futures YM00, -0.43% fell 0.6% Read more