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Finance News — Page 93
US National Debt Tops $40T, Doubles in a Decade
US national debt crossed $40 trillion for the first time, more than doubling from 2016 levels ahead of Congressional Budget Office projections, as 30-year Treasury yields spiked to nearly two-decade h
Bitcoin Jumps 8.7% as Treasury Doubles Bond Buybacks
Bitcoin surged 8.7% to nearly $69,750 on Wednesday—its steepest one-day move since March—after the U.S. Treasury announced it would double long-bond buybacks, triggering $1.14 billion in short liquida
Trump bemoans Fed interest rate policy, says U.S. should be paying much less
President Trump on Wednesday accused the Federal Reserve board of acting on politics by not cutting interest rates faster, exempted his newly seated chair Kevin Warsh, and compared the 3.5% U.S. rate
Everything We Know About ‘Outer Banks’ Season 5 So Far
Netflix's Outer Banks will debut its fifth and final season on August 20, capping a series that launched during the 2020 pandemic and ending the Pogues' quest for Blackbeard's Blue Crown and revenge f
U.S. debt balloons to more than $40-trillion after doubling under Trump, Biden
U.S. total public debt surpassed $40 trillion for the first time on Tuesday per Treasury Department data, more than doubling since Trump first took office in 2017, as long bond yields hit their highes
Bessent Doubles Debt Buybacks to Steady Bonds
Bessent doubled U.S. debt buybacks to steady bond markets, triggering a relief rally — though Politico dismissed the intervention as a 'drop in the bucket' that Wall Street will likely shrug off.
A New Defense Stock Is Born: Lyntris IPO Set For Wednesday - Investor's Business Daily
Defense contractor **Lyntris** (NYSE: LYNX) is set to begin trading Wednesday after pricing a downsized IPO at roughly $298 million, with shares debuting below the target range amid broader market jit
Bessent doubles Treasury buybacks to stem bond sell-off
Treasury Secretary Scott Bessent doubled maximum buybacks of long-term debt to at least $4 billion, quickly reversing a bond sell-off that had pushed the 10-year yield to 4.74%, though economists warn
Crypto Stocks Rip Higher as Strategy Jumps 12%, Coinbase Climbs 9%
Crypto-linked equities posted their sharpest one-day rally of the summer as Strategy jumped nearly 12% and Coinbase climbed 9%, tracking Bitcoin's short squeeze toward $70,000.
Chinese Robot Developer Unitree Soars 460% On Blockbuster IPO - Investor's Business Daily
Chinese humanoid robot developer Unitree Robotics raised $904 million in its Shanghai IPO, with shares soaring 460% on debut despite a U.S. ban on the company.
Warsh's Fed silence pushes bond yields higher
Kevin Warsh's tight-lipped approach at the Fed has confused forward guidance with general policy communication, leaving markets in the dark and pushing long-term bond yields higher as investors demand
Fed officials saw need for rate hike if inflation doesn't cool, minutes show
Federal Reserve officials indicated they would likely need to raise interest rates if inflation doesn't decline further, according to minutes from the July 28-29 meeting that revealed a 9-3 split with
Fed Officials Signal Rates May Rise If Inflation Persists
Many Federal Reserve officials signaled they may raise interest rates if inflation remains elevated, citing persistent price pressures despite a recent cooling in core metrics.
Fed July Minutes: Inflation Fears Deepen, Hike Support Grows
Fed minutes from the July 28-29 meeting showed deepening inflation concerns, with 'several' policymakers ready to raise rates and three dissenting in favor of a quarter-point hike at the 3.50%-3.75% h
Flexi-cap funds with highest and lowest large-cap stock allocation: What the data shows
Top Indian flexi-cap mutual funds show dramatic variation in their large-cap stock allocation, with Parag Parikh Flexi Cap at 91.14% while Motilal Oswal sits roughly 20 points below the category avera
Meta's legal troubles has options traders eyeing the 'jade lizard'
As Meta faces trial in Oakland with 29 state attorneys general alleging the company deliberately hooked young users on Facebook and Instagram, options traders are eyeing the rangebound stock for a jad
Broadcom Drags Nasdaq as Dow and S&P 500 Climb
Broadcom's sharp stock decline dragged the Nasdaq lower even as the Dow and S&P 500 climbed higher, with one analyst now declaring the chipmaker and the broader semiconductor sector have peaked.
Lowe's Cuts Outlook as CEO Flags DIY Pressure
Lowe's delivered a second-quarter earnings beat but issued a cautious forward outlook, with its CEO flagging "pressure" in DIY spending — yet the stock shrugged off the softer guidance.
Ted Cruz takes victory lap as iconic American brand's stock plunges to 12-year low - Fox News
Nike's stock tumbled to a 12-year low after JPMorgan downgraded its shares, and Senator Ted Cruz declared a political 'victory lap' over the iconic brand's decline.
Popular shoe brand’s stock erased $200 billion in market value - thestreet.com
Nike's stock plunged to a 12-year low, erasing roughly $200 billion in market value as JPMorgan downgraded the shares.
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