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Finance News — Page 58
Dow Drops 400 Points as 10-Year Yield Hits 19-Year High
U.S. equities fell for a second straight session as surging oil prices and a 10-year Treasury yield reaching 5% — a 19-year high — pressured markets heading into the Federal Reserve's next policy deci
10-year Treasury yield hits highest level since 2007 as traders bet a Fed rate hike is coming
U.S. Treasury yields surged to their highest levels since 2007 as traders priced in a near-certain Federal Reserve rate hike, with oil prices climbing past $102 a barrel amid the ongoing Iran conflict
Fed Expected to Raise Rates, Defying Trump
The Federal Reserve is expected to raise its benchmark interest rate for the first time since 2023, defying Trump's demands and setting up a public confrontation between Fed official Kevin Warsh and t
CNBC Fed Survey: 86% Now Expect Rate Hikes, Up From 46%
The CNBC Fed Survey shows 86% of respondents now expect at least one rate hike over the next year — up from 46% last month — citing hawkish signals from Fed Chairman Kevin Warsh, surging oil prices an
AI Stocks Drop on Amodei's Slowdown Call
Anthropic CEO Dario Amodei's weekend call to slow frontier AI development triggered a sharp Monday selloff in AI infrastructure stocks, with Oracle, GE Vernova, Caterpillar, and Vertiv all sliding as
Bitcoin Short-Term Holders Notch 30-Day Profit Streak
Bitcoin's short-term holders have held onto profits for 30 consecutive days for the first time since the market top, a streak CryptoQuant calls a prerequisite for a sustained bull-market recovery.
Morgan Stanley joins Goldman in forecasting Fed rate hike
Morgan Stanley reversed its forecast late Monday to predict the Federal Reserve will raise interest rates at the upcoming FOMC meeting, matching an earlier switch by Goldman Sachs.
U.S. seeks to seize $61 million of crypto it claims are proceeds from Iranian petroleum sales to Chinese buyers
The U.S. filed a civil forfeiture complaint seeking $61 million in cryptocurrency it alleges are proceeds from black-market Iranian oil sales laundered by Chinese firms through Binance accounts.
10-Year Treasury Yield Tops 5%
The 10-year U.S. Treasury yield climbed to 5% for the first time since 2007, with CNBC, CNN, Bloomberg, and the Washington Post all flagging the level as a critical threshold for the U.S. economy.
Anthropic AI Warnings Rattle Wall Street Stocks
Anthropic's AI safety warnings sparked a selloff in AI stocks and left Wall Street divided over whether a broader AI spending slowdown is coming, with global shares trading mostly lower as a result.
Fed Rate Hike Near-Certain to Curb Inflation
Multiple outlets converge on the Federal Reserve's near-term interest rate hike as inflation persists, with opinion and market-analysis pieces broadly endorsing the move as necessary to preserve centr
Balancer eyes wind-down after restructuring fails to revive revenue
Balancer has proposed an orderly wind-down of its protocol after its post-exploit restructuring failed to generate enough revenue, with CEO Marcus Hardt saying he underestimated how much the $128 mill
Spike on 10-year bond yields renews concerns over U.S. debt - The Washington Post
The 10-year U.S. Treasury yield surged to 5%, its highest level since 2007, reigniting concerns over U.S. debt sustainability.
Cybersecurity stocks were the top performers in the S&P 500 on Monday amid escalating AI fears; CrowdStrike rose 14%, Palo Alto Networks 13%, and Fortinet 9% (Britney Nguyen/Dow Jones Newswires)
Cybersecurity stocks were the top performers in the S&P 500 on Monday as AI fears escalated, with CrowdStryke jumping 14%, Palo Alto Networks 13%, and Fortinet 9%.
Wall Street Crypto Push Survives Clarity Act Failure
Even if the Clarity Act fails in Washington, Wall Street's deep crypto commitments mean regulatory setbacks may slow the institutional adoption of digital assets rather than halt it.
Gillibrand Presses Dems to Advance Crypto Bill
Senator Kirsten Gillibrand is privately pressing Democrats to advance crypto legislation as the Senate prepares for a key preliminary vote on the Clarity Act, drawing opposition from Senator Elizabeth
Brent Crude Nears $108 After Houthi Strikes on Saudi Arabia
Oil prices extended gains, with Brent crude approaching $108, as Houthi strikes on Saudi Arabia fueled concerns over prolonged Middle East supply disruptions.
Rubenstein: Too Early to Judge Warsh's Style
Billionaire investor David Rubenstein said it's too early to judge Kevin Warsh's communication style, per Yahoo Finance, while CNBC separately reported Warsh faces a tough battle as the Fed girds for
No more Nordisk as Novo goes it alone amid rebranding push - Fierce Pharma
Novo Nordisk is rebranding to simply 'Novo,' dropping 'Nordisk' from its corporate name as part of a broader cultural reset, while NVO stock logged its worst week since February amid what Yahoo Financ
More Debt Cuts Portfolio Drawdowns But Lowers Returns: FundsIndia
A FundsIndia analysis of historical rolling returns shows that increasing the debt allocation in a portfolio reduces the severity of equity market drawdowns but also lowers long-term average returns,
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