Stocks Drop, US Yields Top 4% as Rate-Cut Bets Ebb: Markets Wrap – Yahoo Finance
(Bloomberg) — Stocks fell and major Treasury yields rose above 4% after solid U.S. economic data undercut bets that the Federal Reserve will cut deep interest rates next month. Most Read Articles on Bloomberg S&P 500 contracts fell 0.4% and Nasdaq 100 futures fell 0.5%. Borrowing costs for 10-year U.S. Treasuries rose above 4% for […]
Wildfire smoke may be reducing California nut tree yields: Study
Prolonged exposure to wildfire smoke may be depleting energy reserves in California orchards, reducing nut production by up to half, a new study finds. After a large fire, smoke can affect such trees for months, with widespread effects on seasonal flowers and subsequent harvests, according to research published Wednesday.natural plants. “While many studies have focused […]
Shutdown showdown yields to bipartisan compromise — of sorts
Last Wednesday, House Speaker Mike Johnson (R-Louisiana) withdrew a six-month stopgap government funding bill that included a citizenship requirement for voter registration due to a lack of votes. Former President Donald Trump immediately spoke out, urging Republicans not to pass a bill that did not require citizenship and supporting alternatives to a government shutdown. Johnson […]
Joe Biden bizarrely yields to Jill Biden to lead first cabinet meeting in nearly a year
Democratic President Joe Biden finally convened his Cabinet meeting for the first time in nearly a year, but let first lady Jill Biden speak for much of the bizarre gathering. Biden said he brought the first lady along to talk about women's health issues, but then handed the meeting over to her. “An unelected person […]
USD/JPY stays pressured as lower yields weigh – ForexLive
USD/JPY vs. 10-Year Treasury Yield (%) Daily Chart US 10-year Treasury yields are currently down 5.5 basis points to 3.625%, further weighing on USD/JPY today. The pair is currently down 1% to a new low of 140.43, approaching the December 2023 lows of 140.24 and 140.00 levels. Yesterday's early morning bounce was admittedly short-lived, especially […]
Wall Street hits session low, yields fluctuate as market digests mixed August jobs report – Seeking Alpha
U.S. stocks came under downward pressure on Friday and Treasury yields were slightly more volatile after mixed August jobs data sparked a debate over the size of interest rate cuts the Federal Reserve plans to make later this month. Futures initially pared losses before the open after the nonfarm payrolls data was released. Meanwhile, Treasury […]
Japanese Yen depreciates as US Dollar gains ground due to higher Treasury yields – FXStreet
The Japanese yen pared its intraday gains despite the hawkish outlook for the Bank of Japan. Japan’s parliament is due to hold a special session to discuss the Bank of Japan’s interest rate hike last month. Weak U.S. Producer Price Index (PPI) data has reduced the chances of a significant Fed rate cut in September. […]
Google slammed after search for ‘Trump rally’ yields pro-Kamala Harris results, faces accusations of political interference
Google has been accused of skewing search results about Republican presidential candidate Donald Trump in favor of his Democratic rival, Kamala Harris, days after it allegedly censored searches about the assassination attempt against the former president. A Google search for “Trump rally” brings up a photo of the vice president labeled “Kamala Harris rally in […]
Yields on cash are likely to drop. Put money to work here instead, Janus Henderson says – CNBC
Investors with cash are getting a nice yield, but that attractive income is about to run out. Money market fund assets hit $6.14 trillion as of the week ending July 24, according to the Investment Company Association. Can you blame investors for hoarding cash in these accounts? The largest money market fund has an annualized […]
Thomas Crooks’ phone yields no clues about motive
Federal investigators said the phone belonging to suspect Thomas Crooks, a 20-year-old from suburban Pittsburgh, did not provide a clear explanation for why he plotted to assassinate former President Donald Trump, law enforcement sources told The Washington Post. Investigators are now turning to the attacker’s laptop for clues about his motive, a question that remains […]