Author: Daniel snow

[ad_1] U.S. Treasury yields were off their highs Monday afternoon but remained elevated after Moody’s downgraded the U.S.’s credit rating. Rates hit key levels that have pressured financial markets recently.The 30-year Treasury yield hit a high around 5.03%, reaching levels not seen since November 2023. The yield last traded at 4.921%, up 2 basis points. The 10-year yield also climbed 2 basis points to reach 4.459%. Meanwhile, the 2-year Treasury yield shed 1 basis point to 3.972%.One basis point is equivalent to 0.01%, and yields and prices move in opposite directions.Investors proceeded to shake off the downgrade with bond buying seen as the…

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[ad_1] CNBC’s Jim Cramer urged investors on Monday to tame their fear in the face of the Moody’s downgrade of U.S. debt. He recalled the S&P’s downgrade in 2011 and Fitch’s downgrade in 2023, both of which were followed by market declines. Like those previous two, Cramer argued, Friday’s downgrade from Moody’s prompted more fear than the short-term economic environment merited.Monday’s trading day opened lower and Treasury yields spiked, following Friday’s announcement from Moody’s. At session lows, the Dow Jones Industrial Average was down 300 points and the S&P 500 was down 1%, but by the end of the session,…

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[ad_1] A Waymo autonomous vehicle drives along Masonic Avenue on April 11, 2022 in San Francisco, California. Justin Sullivan | Getty Images News | Getty ImagesAlphabet’s Waymo unit has received approval to expand its autonomous ride-hailing service to more parts of the San Francisco Bay Area, including San Jose.In March, the company submitted a request to the California Public Utilities Commission to gain approval for its latest passenger safety plan, a key step in gaining permission to operate driverless vehicles across a broader area. On Monday, the proposed expansion was approved, allowing for Waymo’s driverless coverage to extend from San Francisco…

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[ad_1] Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025.Tom Williams | Cq-roll Call, Inc. | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Monday that markets and central bankers underappreciate the risks created by record U.S. deficits, tariffs and international tensions.Dimon, the veteran CEO and chairman of the biggest U.S. bank by assets, explained his worldview during his bank’s annual investor day meeting in New York. He said he believes the risks of higher inflation…

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