Three months after Baltimore’s Francis Scott Key Bridge collapsed – killing six people, shutting a major port and disrupting vehicle traffic along the Eastern Seaboard — local, state and federal officials began a massive effort to make the best out of an unimaginable situation. “We’re working with construction companies and designers, and working with the … Read more
Kristalina Georgieva, chief executive officer of the World Bank Group, arrives to a briefing at the annual meetings of the International Monetary Fund (IMF) and World Bank in Washington, DC, US, on Friday, April 19, 2024. Bloomberg | Bloomberg | Getty Images The head of the International Monetary Fund on Thursday called on Europe to … Read more
U.S. Treasury bond yields fell on Tuesday after a cool reading for May retail sales raised concerns about the strength of the economy. The 10-year Treasury yield was more than 6 basis points lower at 4.215%. The 2-year Treasury note yield was down more than 5 basis points at 4.708%. Yields and prices move in … 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
U.S. Treasury Secretary Janet Yellen speaks to the Economic Club of New York in New York City, U.S., June 13, 2024. Brendan McDermid | Reuters U.S. Treasury Secretary Janet Yellen said Thursday that the $50 billion loan to Ukraine that President Joe Biden and other leaders of Group of Seven highly developed nations have agreed … Read more
Throughout his 2024 campaign, former President Donald Trump has managed to keep his political operation afloat by walking a delicate financial tightrope. The guilty verdict in a Manhattan hush money case added to a long list of legal challenges that have cost him more than $100 million in donor money to date. Campaign finance experts … 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
President Joe Biden on Wednesday took a victory lap on the latest inflation report, which found that consumer prices did not rise in May over their April levels, marking the first time since 2022 that U.S. month-over-month inflation has remained flat. “Prices are still too high, but today’s report shows welcome progress on lowering inflation,” … 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
Alexander Spatari | Moment | Getty Images As U.S. cities continue their recovery from the pandemic and inflation, New York City was expected to provide a key national test for the economic value of congestion pricing. A cost of living crisis, preparing for climate challenges, and aging infrastructure, including public transportation, all made the congestion … Read more
