China’s leader Xi Jinping met for the last time with U.S. President Joe Biden on Saturday but was already looking ahead to President-elect Donald Trump and his “America first” policies, saying Beijing “is ready to work with a new U.S. administration.” During their talks on the sidelines of the annual Asia-Pacific Economic Cooperation summit, Xi…
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%…
President-Elect Donald J. Trump won the White House based partly on his promises to rein in immigration, with targeted policies that range from sending criminals to their home countries to more sweeping ones like mass deportations. During the campaign, Trump pledged to end the Temporary Protected Status that allows workers from select countries to come to…
For some workers, the decision to stay home when sneezing and coughing will no longer mean forgoing a day’s pay. In Tuesday’s election, ballot measures passed in three red states — Alaska, Missouri and Nebraska — that would require employers to provide earned paid sick leave for employees, with certain exceptions. This follows a similar…
Oil market’s future is still uncertain under Trump U.S. oil producers are looking forward to less regulations on crude production under Trump, meaning higher oil supply and consequently lower prices. But it’s not that straightforward. Trump has also vowed to put more sanctions on Iranian and Venezuelan barrels, meaning the global market could become tighter,…
The yield on the 10-year Treasury note hovered near a three-month high as traders combed through a fresh batch of mixed data and hunted for further clues on the rate cut outlook. The 10-year Treasury yield was down 2 basis point at 4.252%, after briefly rising above 4.3% in the previous session to notch its…
The yield on the 10-year U.S. Treasury continued its ascent on Monday after hitting a three-month high last week. The 10-year Treasury yield rose nearly 6 basis points to 4.286%, while the 2-year Treasury also added around 6 basis points to 4.153%. Yields move inversely to prices. One basis point equals 0.01%. The yield on…
A freight train carries cargo shipping containers in the El Paso Sector along the US-Mexico border between New Mexico and Chihuahua state on December 9, 2021 in Sunland Park, New Mexico. Patrick T. Fallon | AFP | Getty Images New data shows a surge in trade between China and Mexico at a time of tough…
U.S. Federal Reserve Chairman Jerome Powell holds a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20, 2023. REUTERS/Evelyn Hockstein Evelyn Hockstein | Reuters As investors await the upcoming rate decision by the U.S. Federal Reserve this month, Carl Weinberg…
