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'Sell America' is back as long-dated Treasurys hit 5% in wake of Moody's downgrade
The yield on both 10 and 30-year government bonds rose on Monday after another credit ratings agency downgraded the US on Friday.
23andMe Sells Gene-Testing Business to DNA Drug Maker Regeneron
Bankrupt genetic-testing firm 23andMe agreed to sell its data bank, which once contained DNA samples from about 15 million people, to the drug developer Regeneron Pharmaceuticals for $256 million.
Are Workers Getting Ahead In Trump's Economy? One Statistic Will Tell
Key Takeaways An economic statistic called "real earnings" tracks workers' buying power by comparing wages to inflation.Real earnings have either increased or decreased slightly early in Trump's
America’s Fiscal Situation Threatens the Good Mood on Wall Street
Investors sold U.S. government bonds and the dollar on Monday amid concerns about the U.S. fiscal picture. Stocks edged higher.
Citi CEO: Something 'deeper' is going on in financial markets right now
It may be JPMorgan's (JPM) investor day today, which brings with it the inevitable Jamie Dimon CEO successor chatter. But a hat tip to Citigroup (C) CEO Jane Fraser for aiming to snag a few headlines
Dollar trades sideways before tax vote, Aussie holds gain before RBA
The dollar traded sideways on Tuesday after having glided lower for a week, hemmed in by the Fed's caution over the economy and as U.S. lawmakers came closer to passing a bill expected to widen the
Crypto Billionaire Accused of Defrauding Creditors, Propelling Industry’s 2022 Collapse
Creditors’ lawsuits allege the crypto winter began earlier than believed, and with actions by Digital Currency Group’s founder, Barry Silbert.
China Construction Bank cuts deposit rates
China Construction Bank cut deposit rates on Tuesday, part of an expected move by Chinese state-owned banks to alleviate shrinking interest margins at lenders as Beijing rolls out sweeping monetary
Moody's downgraded US credit rating: What does that mean?
Moody's downgrade of the U.S. credit rating made it the third of the three major ratings agencies to downgrade U.S. credit since 2011 amid widening budget deficits.
Scott Galloway sends major message on Medicare, Social Security
Many worry about the rising costs of health care and the long-term viability of the federal Social Security program. Although Medicare becomes available to Americans at age 65, it does not cover all
JPMorgan CEO Dimon Still Intends to Step Down in Next Few Years. ‘It’s Up to the Board.’
What we’ve told you is that the board has intent...to be thinking about succession, and we should be doing that,’ the CEO says at JPMorgan’s Investor Day.
Tariffs creating ‘diminished momentum’ among Texas businesses, Dallas Fed survey finds
President Donald Trump’s tariff policy is taking a toll on Texas’ economic activity — and the optimism of the state’s business leaders — according to a Federal Reserve Bank of Dallas survey. In its
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