Bond yields turned mixed on Monday as traders weighed worries about a Covid-19 lockdown in China against fears the Federal Reserve will remain determined to tighten policy aggressively. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.526% was at 4.522%, up from 4.510% on Friday. Yields move in the opposite direction to prices. The yield
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The Qatar World Cup, which is mired in controversy, kicked off Sunday with the host nation losing 2-0 to Ecuador after a glitzy opening ceremony that featured Morgan Freeman and K-Pop star Jung Kook. With the eyes of the world on Qatar, the opening ceremony at Al Bayt stadium in Al Khor was reminiscent of
The pandemic-fueled personal-computer boom has ended, so how will that affect demand and pricing for PCs and the retailers that sell them this holiday season? A sense of the fallout will be provided in the week ahead with results due from PC makers Dell Technologies Inc. DELL, +0.67% and HP Inc. HPQ, +0.17%, along with
For the first time ever, rich nations, including a top-polluting U.S., will pay for the climate-change damage inflicted upon poorer nations. These smaller economies are often the source of the fossil fuels CL00, -0.75%, minerals PICK, -0.20% and other raw materials behind the developed world’s modern conveniences and technologicial advancement, including many practices responsible for
The prospects for Rep. Kevin McCarthy’s tenure if he becomes Speaker of the House are grim, two outspoken lawmakers from both sides of the aisle said Sunday. In separate interviews Sunday, Rep. Adam Schiff, D-Calif., said McCarthy was a “weak leader” and predicted “chaos” among Republican leadership, while Rep. Adam Kinzinger, R-Ill., predicted McCarthy would
FTX owes its 50 largest creditors about $3.1 billion, the failed cryptocurrency exchange said in a bankruptcy court filing Saturday. The filing didn’t name the creditors, but it listed them as customers. Two creditors are each owed more than $200 million. FTX’s lawyers have said in all there could be more than one million creditors
Amazon’s Prime Video has a loaded lineup for the holidays, including the return of one of its biggest shows. That would be Season 3 of “Tom Clancy’s Jack Ryan” (Dec. 21), the the spy thriller starring John Krasinski, which is back after a three-year layoff. The new season sees Jack in a “Mission: Impossible”-type situation,
China’s central bank kept benchmark loan rates unchanged this month, amid continued downward pressure on the yuan and slowing economic growth. The one-year loan prime rate stood at 3.65% while the five-year rate was 4.3%, both unchanged from last month, the People’s Bank of China said in the statement Monday. The lack of a change
In a stunning reversal, the Walt Disney Co. DIS, +0.38% announced Sunday night that Chief Executive Bob Chapek was out, and will be replaced by his predecessor, Robert Iger. “We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,” board chair
As discussed previously, Apple (NASDAQ:AAPL) stock has held up very well compared to other FAANG stocks. Unlike other major mega-cap tech stocks, AAPL stock hasn’t been knocked lower by a poorly-received earnings release. In fact, investors responded positively to its most recent quarterly earnings report on Oct 27. In contrast to Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL),
Bloomberg Law recently discussed the global mergers and acquisitions (M&A) market. Their analysis pointed out that even though the 2022 M&A volume is down from a record number of transactions in 2021, the potential deals in 2023 could be pretty standard relative to the pre-pandemic volume. “This year’s total M&A deal volume was $3.1 trillion
There’s a good-news, bad-news situation with China-based electric vehicle (EV) manufacturer Nio (NYSE:NIO). The bad news is that some analysts reduced their price targets on NIO stock, and the company’s financial stats have some sore spots. Yet, there are also some highly encouraging data points to consider. Furthermore, potentially positive news from China could benefit Nio
Big tech is taking an ax to its headcount, and Amazon (NASDAQ:AMZN) is no exception. The e-commerce and cloud computing giant recently announced its own round of mass layoffs, downsizing 10,000 corporate and technology positions. So far, this move has had little impact on AMZN stock. AMZN dropped 2.36% on the news, but shares have
High inflation and soaring interest rates have been the main factor behind the double-digit stock downturn so far this year, but alongside these macro factors, many stocks have plunged due to more company-specific issues—for example, corporate scandals. These scandals run the gamut, both in the type of scandal and the severity of the scandal. Categories
Republicans will take over the U.S. House of Representatives two years into President Joe Biden’s term, though their narrow majority looks set to cause headaches for GOP leaders. Republican hopes for a strong red wave have been dashed, but the Associated Press said Wednesday that the party won enough House seats — 218 — to
Beaten-down lidar stocks could provide investors with one of the biggest opportunities of 2023. After all, lidar is an essential piece of the self-driving-auto puzzle. Lidar allows vehicles’ computers to take a 3D image of the area around them. The sensors can then measure the range or speed of objects, bounce lasers off the objects,
Americans are frustrated with inflation and the general direction of the country. Stronger economic growth would help as much as anything, and that requires cultivating a culture of trust and shared purpose among businesses, workers and politicians. COVID accelerated workplace changes and removed several million Americans from the labor force. Workers with skills in demand are resisting employers’ requests to return to
An Ohio city and county plan to put federal pandemic-relief dollars toward erasing residents’ medical debt, helping to chip away at a problem that’s costing consumers nationwide at least $195 billion. The Toledo City Council voted Wednesday to put $800,000 toward eliminating medical debt in the northwest Ohio city through a partnership with RIP Medical
When Gloria Walker wanted to scale back her work in sales and marketing for a retirement community in Falmouth, Maine, she gave her employer more than two years’ notice about her plan. That lengthy lead time gave her company plenty of time to find and train someone to replace her after her 18-year tenure and
After making a double-digit move lower in October, don’t expect things to calm down with Alibaba Group (NYSE:BABA) stock this month. On Nov. 17, the Chinese e-commerce giant will report results for the preceding quarter, ending Sept. 30. In addition, investors will be keeping an eye on Alibaba’s results for “Singles Today,” which was Nov.