U.S. Treasury yields rose on Wednesday as investors bet that perhaps the Federal Reserve wouldn’t cut rates as aggressively as hoped for this year. The 10-year Treasury yield was last up by 4 basis points to 3.967, after touching above 4% earlier in the morning. The 2-year Treasury yield was last trading at 4.343% after … Read more
Bitcoin tumbled on Wednesday, giving back all of its gains from the rally earlier this week. The price of bitcoin was last lower by 6% at $42,159.37, according to Coin Metrics. On Tuesday it climbed as high as $45,913.30, its highest level since April 2022. The drop followed Nasdaq’s worst day since October, as traders … Read more
Shipping giant Maersk saw a second session of strong gains Wednesday, as investors assessed a ratings upgrade and its decision to prolong a halt on Red Sea travel due to safety concerns. The Danish firm topped Europe’s Stoxx 600 gainers, with its Copenhagen-listed shares up 4% in early afternoon trade following Tuesday’s 6.4% rise. Shares … Read more
Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, May 23, 2019. Ann Saphir | Reuters Richmond Federal Reserve President Thomas Barkin on Wednesday expressed confidence that the economy is on its way to a soft landing, but obstacles remain that will … Read more
Luke Littler made it to the final of the 2023/24 Paddy Power World Darts Championship at Alexandra Palace. There is £500,000 prize money up for grabs. Tom Dulat | Getty Images Sport | Getty Images LONDON — A 16-year-old named Luke Littler on Wednesday will compete in the final of the PDC World Darts Championship … Read more
A new Free Application for Federal Student Aid soft launched over the holiday weekend with much anticipation after a long delay. However, for now, the 2024–25 FAFSA form is only available for short periods of time as the U.S. Department of Education works to “resolve minor issues,” according to a department spokesperson. This soft launch period … Read more
A tram passes shoppers as it travels along Istiklal Street in the Beyoglu district of Istanbul, Turkey, on Tuesday, Dec. 19, 2023. Bloomberg | Bloomberg | Getty Images As inflation eases in most of the world’s major economies, eye-watering price rises continue to blight citizens in Turkey. Inflation in the country rose to 64.8% on … Read more
A “For Sale” sign sits in front of a new home May 27, 2004 in Miami, Florida. Joe Raedle | Getty Images Mortgage demand ended 2023 on a sour note, despite a sharp drop in mortgage interest rates during December. Total application volume was down 9.4% for the week ending December 29, compared with two … Read more
Skyline of Riyadh in Saudi Arabia. Simon Dawson | Bloomberg | Getty Images Saudi Arabia’s Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year, accounting for about a quarter of the $124 billion splashed by state-owned investors, according to a preliminary report by research consultancy Global SWF. The Saudi … Read more
03 January 2024, Lebanon, Beirut: The destroyed Hamas’ office that was attacked by Israel on 02 January killing Palestinian leader Saleh al-Arouri and six others pictured from shattered glass in Beirut southern suburb. Photo: Marwan Naamnai/dpa (Photo by Marwan Naamnai/picture alliance via Getty Images) Picture Alliance | Picture Alliance | Getty Images The killing of … Read more
