Car payments have skyrocketed in recent years due to a combination of high prices and high interest rates. While some relief may come soon, industry insiders say prices may still remain high for quite some time. As of May, customers were paying, on average, $760 a month for an auto loan, according to Moody’s Analytics. … Read more
U.S. President Joe Biden greets members of the U.S. Border Patrol at the U.S.-Mexico border in Brownsville, Texas, U.S., February 29, 2024. Kevin Lamarque | Reuters Immigration — both authorized and unauthorized — has helped the U.S. job market sustain a fiery run in recent months without reigniting inflation, economists and analysts say. The effect … Read more
This picture taken in Paris on March 3, 2024 shows the silhouette of the Eiffel Tower and the city skyline against a cloudy weather. (Photo by Stefano RELLANDINI / AFP) (Photo by STEFANO RELLANDINI/AFP via Getty Images) Stefano Rellandini | Afp | Getty Images LONDON — European stocks tumbled on Friday, rounding off a choppy … Read more
The aerial view shows residential buildings under construction in Hangzhou, China on March 15, 2024. STR | AFP | Getty Images China needs bond market reforms as soaring debt poses significant longer-term risk to the country, according to S&P Global. Despite the government’s efforts, debt levels remain very high even as nominal GDP growth has … Read more
U.S. Treasury yields fell Wednesday after the Federal Reserve indicated it was making inroads on inflation following a cool May CPI report. The yield on the 10-year Treasury dropped nearly 11 basis points to 4.295%. The 2-year Treasury yield sank 9 basis points to 4.746%. Yields and prices have an inverted relationship and one basis … Read more
LONDON — European stocks fell on Tuesday as investors looked ahead to the Federal Reserve’s next meeting and U.S. inflation data. The Stoxx 600 index closed down 0.9%, paring slight gains earlier in the session. All sectors and major bourses closed in the red, with banks leading losses, down 2.17%. British computing startup Raspberry Pi closed … Read more
U.S. Treasury yields were higher on Monday as investors looked ahead to the Federal Reserve’s monetary policy meeting and key inflation data due this week. The yield on the 10-year Treasury was up nearly 4 basis points at 4.465%. The 2-year Treasury yield was last 1 basis point higher at 4.883%. Yields and prices move … Read more
Stock price information reflected on a window at the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023. Nathan Laine | Bloomberg | Getty Images LONDON — European stocks closed lower on Friday, as investors digested fresh U.S. jobs data and the European Central Bank’s latest interest rate commentary. The Stoxx 600 provisionally … Read more
The yield on the 10-year Treasury surged Friday as investors assessed a strong nonfarm payrolls number for May that fueled concerns that the Federal Reserve may not cut rates as soon as expected. The yield on the 10-year Treasury jumped nearly 15 basis points to 4.43%. The 2-year Treasury yield rose about 17 basis points … Read more
Russian President Vladimir Putin is seen while visiting the Lakhta Center on June 5, 2024, in Saint Petersburg, Russia. Vladimir Putin visited a newly built Lakhta Center, a skyscraper of Gazprom, prior to his meetings at the Saint Petersburg International Economic Forum SPIEF 2024. Contributor | Getty Images News | Getty Images Russia’s annual economic … Read more
