US Treasuries rose on Thursday as investors pondered what could be next for the economy as debt ceiling negotiations continue and uncertainty over the interest rate outlook intensifies. As of 5:42 a.m. ET, the 10-year Treasury yield was up more than 4 basis points to 3.763%. The 2-year Treasury note was trading up 7 basis … Read more
There are 3 minutes Bank of Korea set to start cutting rates early next year, Deutsche Bank says The Bank of Korea is expected to start cutting its benchmark interest rate early next year, said Juliana Lee, head of APAC economic research at Deutsche Bank. Lee added that she expects the central bank’s policy fulcrum … Read more
17 minutes ago Stocks make biggest moves after hours trading Find out which companies are making headlines in extended trading. Palo Alto Networks – Shares gained 3.5% after the company’s fiscal third-quarter earnings and revenue beat estimates. The cybersecurity company posted adjusted earnings of $1.10 per share and revenue of $1.72 billion. Analysts polled by … Read more
Saudi Energy Minister Abdulaziz bin Salman speaks during a panel discussion at the Qatar Economic Forum in Doha, Qatar, May 23, 2023. Bloomberg | Bloomberg | Getty Images Saudi Oil Minister Prince Abdulaziz bin Salman told market speculators on Tuesday to “be careful”, reiterating his warning that they could face pain ahead. “The speculators, like … Read more
Chief Investment Officer Patrick Armstrong is betting that a number of global commercial real estate stocks are set to fall further. Armstrong, who manages equity strategy for wealth manager Plurimi, told CNBC Pro on Monday that he held short positions in shares of London-listed British Land, U.S.-listed Simon Property, Frankfurt-listed Vonovia and China. Vanke listed … Read more
An hour ago These are the sectors most likely to be hit the hardest by a lowering of the debt ceiling, according to RBC’s Lori Calvasina Investors have focused on the debt ceiling as the next potential clue to a market decline as President Joe Biden and House Speaker Kevin McCarthy meet Monday night. Financials, … Read more
28 minutes ago South Korea’s exports fall 16.1% year-on-year in May 1-20 South Korea’s exports fell 16.1% in the first 20 days of May from the same period a year ago, its customs agency said. Imports over the same period also fell 15.3% year-on-year. The value of exports for the first 20 days amounted to … Read more
CNN — Treasury Secretary Janet Yellen reiterated that June 1 was the “deadline” for the United States to raise the debt ceiling or risk defaulting. “I indicated in my last letter to Congress that we anticipate not being able to pay all of our bills by early June and possibly as early as June 1. … Read more
RICHMOND, Va. (WSET) — Governor Glenn Youngkin announced positive news for Virginia’s labor market as the state’s labor force participation rate hit its highest level since June 2014. According to the Bureau of Labor and Statistics Local Area Unemployment Statistics (LAUS ), Virginia’s labor force grew by 21,687 people. individuals to a total of 4,550,748 … Read more
An American Airlines plane takes off near a parked JetBlue aircraft at Fort Lauderdale-Hollywood International Airport on July 16, 2020 in Fort Lauderdale, Florida. Joe Raedle | Getty Images A federal judge on Friday ordered American Airlines and JetBlue Airways to end their Northeast partnership, a victory for the Justice Department after it filed a … Read more
