Blink and you missed it, but the yield on the 2-year Treasury note traded briefly above the yield on the 10-year note Tuesday afternoon, temporarily inverting the yield curve and triggering recession warning bells. Data shows that it hasn’t paid in the past to abandon stocks the moment the Treasury yield curve turns upside down, […]
Blink and you missed it, but the yield on the 2-year Treasury note traded briefly above the yield on the 10-year note Tuesday afternoon, temporarily inverting the yield curve and triggering recession warning bells. Data shows that it hasn’t paid in the past to abandon stocks the moment the Treasury yield curve turns upside down, […]
Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada. James Glover II | Reuters If Tesla CEO Elon Musk is serious about welcoming organizing efforts of the company’s US workforce, the automaker should rehire a fired […]
shapecharge | E+ | Getty Images Legislation that would improve the retirement savings system for US workers may get a vote in the House of Representatives this week. The House could vote on the Securing a Strong Retirement Act, or Secure Act 2.0, as early as Tuesday. “By expanding automatic enrollment in employer provided retirement […]
US Senator Elizabeth Warren (D-MA) questions Treasury Undersecretary For Domestic Finance Nellie Liang as she testifies before the Senate Banking Committee, in Washington, DC, February 15, 2022. Win McNamee | Pool | Reuters Sen. Elizabeth Warren on Tuesday praised the Biden administration’s renewed effort to introduce a new tax on the country’s wealthiest households, calling […]
Vera_Petrunina | iStock | Getty Images A big question on the minds of both Wall Street and C-suites across corporate America is the strength of the consumer, namely, how long can it last? At some point, consumers will begin to balk at higher prices brought on by demand shocks, supply chain disruptions and surging energy […]
US stock indexes rose at the opening and bond yields edged closer to flashing a recessionary warning signal Tuesday. The technology-heavy Nasdaq Composite led the major indexes in early trading, gaining 1.1%, or about 158 points. The Dow Jones Industrial Average gained about 0.8%, while the S&P 500 added 0.7%. On Monday, major indexes rose […]
Vice President Kamala Harris on Wednesday will join a group that includes leaders of corporate giants to promote a $4.7 billion commitment to boosting minority-owned businesses and underrepresented communities in Washington, DC, and surrounding areas. Harris will speak at an event at Howard University where the Greater Washington Partnership, a nonprofit civic alliance, will unveil […]
Take a look at some of the biggest movers in the premarket: Nielsen Holdings (NLSN) – The TV ratings company’s stock surged 20.9% in the premarket after it agreed to be acquired by a private-equity consortium for $28 per share. The deal is worth $16 billion, including assumed debt. FedEx (FDX) – FedEx CEO Fred […]
Saudi Energy Minister, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud speaks during the UN Climate Change Conference (COP26), in Glasgow, Scotland, Britain, November 10, 2021. yves herman | Reuters Saudi Arabia’s energy minister said Tuesday that OPEC+ will keep politics out of its decision-making in favor of the “common good” of stabilizing energy prices. […]
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