Author: Daniel snow
Asia FX muted amid Israel-Iran concerns; dollar weakens with Fed on tap Source link
U.S. Treasury yields fell on Tuesday after retail sales narrowed more than Wall Street economists had expected, lifting bond prices and raising concern that the economy is headed for a slowdown or even a recession.The yield on the benchmark 10-year Treasury note fell more than 6 basis points to 4.387%, while the 2-year Treasury yield was lower by more than 2 basis points to 3.946%.One basis point is equivalent to 0.01%, and bond yields and prices move inversely, meaning prices are higher Tuesday.Retail sales dropped by 0.9% in May according to the Census Bureau, worse than the 0.6% contraction that…
People look at the city’s skyline from the Bunkyo Civic Center Observation Deck in Tokyo on August 14, 2024. Philip Fong | AFP | Getty ImagesExports from Japan in May declined 1.7% year-on-year, marking the sharpest decline since September 2024.The fall was softer than the 3.8% decline forecasted by economists polled by Reuters, but was a reversal compared to the 2% gain recorded in April.The data comes a day after the Bank of Japan highlighted in its monetary policy statement that the country’s growth was likely to “moderate,” due to factors like trade, which would lead to a slowdown in overseas…
The new rewards card is raising its annual fee to almost $800, but cardholders must spend $75,000 to unlock its best perks. How to tell if the card works for you. Source link
Muhammed Selim Korkutata | Anadolu | Getty ImagesFor a third time since taking office in January, President Donald Trump plans to extend a deadline that would require China’s ByteDance to divest TikTok’s U.S. business. “President Trump will sign an additional Executive Order this week to keep TikTok up and running,” White House Press Secretary Karoline Leavitt said in a statement. “As he has said many times, President Trump does not want TikTok to go dark. This extension will last 90 days, which the Administration will spend working to ensure this deal is closed so that the American people can continue to…
The company’s much-anticipated annual sales event will take place in July. Source link
Andy Jassy expects Amazon’s workforce to get smaller over the next few years as AI efficiencies kick in, but says that employees who embrace the technology will be in a good spot. Source link
The World Liberty Financial website arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty ImagesThe Senate on Tuesday passed the GENIUS Act, a landmark bill that for the first time establishes federal guardrails for U.S. dollar-pegged stablecoins and creates a regulated pathway for private companies to issue digital dollars with the blessing of the federal government.The bill passed with a 68-30 vote.It’s a milestone day for the crypto industry and for President Donald Trump’s sprawling digital asset empire.This is the first legislative victory for the digital asset industry, which put around…
Waiting for the “perfect” information to decide can slow growth and momentum. Source link
Investors are awaiting the outcome of the Federal Reserve’s policy meeting, which concludes on Wednesday. Source link