U.S. Treasury yields rose on Friday as investors digested Federal Reserve Chair Jerome Powell’s latest comments, and awaited further economic data. At 4:15 a.m. ET, the 10-year Treasury yield rose by more than two basis points to 4.4453%. The yield on the 2-year Treasury rose by more than three basis points to 4.3307%. One basis point equals 0.01%…
CSX CEO Joe Hinrichs discussed what a change in tariffs and manufacturing might mean for the railroad line in a Thursday interview with CNBC’s Jim Cramer, explaining why he thinks his company is well-positioned. “From our standpoint, actually, as long as it’s coming to the U.S., we’re going to move it somewhere,” Hinrichs said. “If…
Pedestrians walk past a Michael Kors store on August 10, 2023 in Chicago, Illinois. Scott Olson | Getty Images Capri and Tapestry called off their merger on Thursday after the Federal Trade Commission successfully sued to block the megadeal. The two U.S.-based luxury houses “mutually agreed” that terminating the merger was in their best interests…
A Sydney ferry passes the Opera House and skyline of the central business district area on May 12, 2020 in Sydney, Australia. James D. Morgan | Getty Images Asia-Pacific markets traded mixed on Thursday after the U.S. October consumer price index reading reinforced expectations that the Fed would cuts rates again in December. The CPI…
Elon Musk listens as U.S. President-elect Donald Trump addresses a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. Andrew Harnik | Getty Images Elon Musk on Wednesday joined President-elect Donald Trump for his first post-election meeting with the House Republican conference in Washington, D.C., an…
Dogecoin shot higher on Tuesday night, extending its postelection surge after President-elect Donald Trump formally announced the creation of the Department of Government Efficiency, which he referred to as “DOGE” in his statement. Tesla CEO Elon Musk and Vivek Ramaswamy, former Republican presidential candidate and Strive Asset Management co-founder, will lead the department, Trump said…
Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021. David Paul Morris | Bloomberg | Getty Images 23andMe on Tuesday reported declining revenue in its most recent quarter, a day after the company said it will cut 40% of its workforce and shutter its therapeutics business as part of a business…
Senator Marco Rubio (R-FL) speaks on Day 2 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 16, 2024. Mike Segar | Reuters President-elect Donald Trump is expected to name Sen. Marco Rubio of Florida as secretary of state for his administration in the coming days, according to three sources familiar with the…
The stock market could enjoy a bigger boost from President-elect Donald Trump than any previous administration thanks to his pro-business policies, according to Jeremy Siegel, finance professor at the Wharton School of the University of Pennsylvania. “President-elect Trump is the most pro-stock market president we have had in our history,” Siegel said Monday on CNBC’s “Squawk…
A medical worker is taking care of newborns at Dongfang Hospital in Lianyungang, China, on January 1, 2024. Costfoto | Nurphoto | Getty Images China’s efforts to bolster birth rates have yet to address the core reasons for their rapid decline, according to analysts. Even though the country started easing its stringent one-child policy nearly…
