Treasury prices climb following stock market sell-off

US Treasury prices climbed on Thursday morning, with yields falling, as investors held on to bonds following the heavy selling of stocks in the previous session. The yield on the benchmark 10-year Treasury note fell 3 basis points to 2.8533% at 4 am ET. The yield on the 30-year Treasury bond moved 2 basis points … Read more

open to close, earnings, data, inflation fears

LONDON – European stocks are expected to decline at the open on Thursday as global markets are rattled by fears over rampant inflation. The UK’s FTSE index is seen opening 68 points lower at 7,367, Germany’s DAX 147 points lower at 13,857, France’s CAC 40 down 63 points at 6,289 and Italy’s FTSE MIB 260 … Read more

EXPLAINER: Why is Wall Street close to a bear market?

NEW YORK (AP) – The bears are rumbling toward Wall Street. The stock market’s skid this year has pulled the S&P 500 close to what’s known as a bear market. Rising interest rates, high inflation, the war in Ukraine and a slowdown in China’s economy have caused investors to reconsider the prices they’re willing to … Read more

Rental crisis caused by short-stay businesses leaving NSW tenants evicted and homeless

Nick Crowley and his dog Barney have become good at packing up their worldly belongings and moving. Key points: Renters are being forced out of their homes as landlords chase higher returns through short stay options It has left members of some communities unable to secure housing and affected trade for local businesses Councils have … Read more

Biden’s burdens grow: Sagging global economy adds to US woes

WASHINGTON (AP) – As President Joe Biden embarks on Asia on Thursday, he’s facing a new risk at home for the economy and his Democratic Party: a global slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories. The world economy can not cast US ballots. But it’s a … Read more

As inflation slows and ruble rallies, Russia is hoping to avoid a crisis

Russian President Vladimir Putin. Pool | Reuters Russia believes it has swerved a financial crisis as its currency rallies and economic data improves, but strategists say the numbers mask some ugly truths for Moscow. Although inflation in the country is running hot, there are signs that price rises are slowing and will continue to do … Read more

Powell: Fed to keep hiking rates until it controls inflation

WASHINGTON – Chair Jerome Powell on Tuesday underscored the Federal Reserve’s determination to keep raising interest rates until there is clear evidence inflation is steadily falling – a high-stakes effort that carries the risk of causing an eventual recession. The Fed’s increases in its benchmark short-term rate typically lead, in turn, to higher borrowing costs … Read more

White House hits back at Amazon’s Bezos after Biden inflation spat

Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Paul Ellis | Reuters The White House on Monday hit back at Amazon founder Jeff Bezos after he took a swipe at President Joe Biden in a series of tweets over the weekend for his comments … Read more

Investors monitor data, Fed talk

The yield on the US 10-year Treasury note fell slightly on Monday to start the new trading week as investors looked ahead to fresh economic data and monitored any clues on the path of monetary policy. The yield on the benchmark 10-year Treasury note slipped 1 basis point to 2,922%. The yield on the 30-year … Read more

Amazon’s Bezos criticizes Biden admin, says inflation hurts the poor

Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence on September 20, 2021 in New York City. Michael M. Santiago | Getty Images News | Getty Images Amazon founder Jeff Bezos tweeted on Sunday that inflation is most hurtful to the least affluent in the … Read more