U.S. government debt yields are surging at a bad time. Here's what's behind the move
Treasury yields are continuing to climb, and at a particularly bad time as higher rates worsen the impact of the nearly $40 trillion government debt load.
City & Markets
OpenAI rolls out ChatGPT for Teens experience with 'stronger built-in safety protections'
OpenAI on Tuesday announced ChatGPT for Teens, a dedicated chatbot experience for users under 18 that the company said is designed to include "stronger built-in safety protections."
Trump, Carney reportedly in talks ahead of new 50% tariffs on Canadian goods
President Donald Trump is in renewed trade talks with Canadian Prime Minister Mark Carney, with just hours to go before the U.S. imposes 50% tariffs on hockey sticks, wine and an array of other Canadi…
Stocks Retreat as Global Bond Yields Rise
The S&P 500 Index ($SPX) (SPY) is down by -0.42% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.21%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -1.17%. E-mini S&P futures (…
Costco launching Medicare Advantage plans with SCAN Group
Costco Wholesale Corporation and nonprofit insurer SCAN Group announced a partnership on Tuesday to sell Costco-branded Medicare plans, marking the retailer's first entry into the Medicare market. The…
State Farm's $5 billion dividend payout is largest in company history: Who's eligible?
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Favorable West African Weather Weighs on Cocoa Prices
Cocoa prices extended this week's losses, with NY cocoa falling to a 1.5-week low. Favorable weather in West Africa is expected to boost yields and supply, which is bearish for prices. Cocoa farmers i…
Hidden Valley Ranch dressing may be a victim of this summer’s salad scare
As the cyclospora outbreak has made consumers more cautious about salad purchases, one analyst points to sales declines for Clorox’s Hidden Valley brand.
Chipmaker Sell-Off Weighs on Stock Indices
The S&P 500 Index ($SPX) (SPY) is down by -0.61% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -1.76%. E-mini S&P futures (…
Sugar Prices Soar on Global Supply Concerns
October NY world sugar #11 (SBV26) is up +0.53 (+3.14%) today, and October London ICE white sugar #5 (SWV26) is up +15.20 (+2.91%).
Bond yields are climbing. Here’s what that means for mortgages and other consumer borrowing
Against a backdrop of persisting inflationary pressures, yields on longer-term bonds have been climbing, which experts say is likely to keep borrowing costs elevated — particularly for long-term fixed…
‘Too many people go bankrupt’: Should Medicare provide catastrophic coverage?
“Such a system would help ensure that no one is financially devastated by a serious illness or injury.”
Home Depot reaffirms guidance amid 'frozen housing market conditions'
Home Depot reported second fiscal quarter results that beat Wall Street expectations on the top and bottom lines.
I used a human travel agent instead of AI — and cut $2,000 off the price of my European vacation
A payments app built by crypto exchange Kraken just launched a cash back debit card in bid for consumer wallets
A payments app from the makers of the crypto exchange Kraken is launching a cashback U.S. debit card, vying for a place in consumer wallets as crypto evolves from an asset class into infrastructure fo…
Seller concession limits: How much can you ask for?
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Jimmy Kimmel infuriated Trump. Now Disney is suing the FCC over what it calls a ‘retaliatory campaign.’
Disney sued the Federal Communications Commission on Tuesday, saying freedom of speech is threatened by the Trump administration’s retaliation over Jimmy Kimmel ’s satire. FCC Chairman Brendan Carr ha…
Earnings live updates: La-Z-Boy stock plunges as 'uneven consumer' leads to earnings miss
Retail earnings are set to offer a check of consumer health this week as the second quarter earnings season winds down.
Primary election season rolls into Alaska, Florida and Wyoming
Primary election season continues Tuesday as voters in Alaska, Florida and Wyoming head to the polls to pick their party's candidates for November's midterm elections, which are less than three months…
Governments’ borrowing costs hit further multi-decade highs as US-Iran peace hopes fade
Government borrowing costs in several advanced economies continued to rise to levels not seen in decades on Tuesday, as hopes of an end to the US-Iran war faded.
Dollar Supported by Weak Stocks and Rising Bond Yields
The dollar index (DXY00) is up by +0.04% today. The weakness in stocks today has increased demand for dollar liquidity. Also, today's rally in WTI crude oil to a 3-week high is boosting inflation expe…
Disney-owned ABC files First Amendment lawsuit against FCC
Disney's ABC has filed a First Amendment lawsuit against the Federal Communications Commission, calling the government agency's recent investigation into the company a "retaliatory campaign" due to th…
Why it’s better to buy stocks at record highs than wait for the next crash
Record highs are what bull markets do. If you wait for a 20% drop, you could still pay more than what you’d pay now.
Global Sugar Deficit Fears Underpin Prices
October NY world sugar #11 (SBV26) closed up +0.27 (+1.63%) on Monday, and October London ICE white sugar #5 (SWV26) closed up +11.80 (+2.31%).