Investors rushed into U.S government bonds Monday after the collapse of Silicon Valley Bank and subsequent government backstop of the banking system. The yield on the 2-year Treasury was las… Read More
The S&P 500 futures and Treasury yields increased on Friday during a holiday-shortened trading session after the March jobs report showed a resilient economy and moderate inflation. The… Read More
Gold summary for April 2023. Having surged 7.6% higher in March, gold enjoyed momentum in early April from recession worries, and hopes that the US Federal Reserve may pause or slow its… Read More
The Congressional Budget Office (CBO) has said that the United States can avoid defaulting on its debt in July if Treasury can make it through the month of June. However, there is still the… Read More
After Republican negotiators walked out of the room and blamed the White House for holding up discussions, talks over raising the debt limit abruptly came to a halt Friday on Capitol Hill. F… Read More
Movies and TV shows make up a significant part of our lives. They’re where we hear fascinating stories, learn about diverse cultures, and observe some mental and emotional depths of co… Read More
Onyx Private, a digital bank, has secured $4.1m in funding to provide private banking and investment services for affluent professionals, specifically Millennials and Gen Zers. Onyx Private… Read More
Negotiations between the White House and House Republicans over raising the US debt limit have hit a snag over disagreement on baseline spending. The eight-day deadline before the government… Read More
The Bank of England has raised its interest rate to 5% to combat high inflation, which has not declined as quickly as hoped. The half-point hike carries serious implications for already stre… Read More
Treasury Secretary Janet Yellen will be visiting China from July 6-9 to meet with government officials and U.S. firms operating in China. The visit aims to deepen communication between the t… Read More
Treasury Secretary Janet Yellen will visit Beijing to discuss the strained relationship between China and the US. The trip aims to stress the importance of managing the relationship responsi… Read More
U.S. Treasury Secretary Janet Yellen expressed concern about China's new export controls on metals used in semiconductor manufacturing. Yellen stated that the Biden administration is evaluat… Read More
U.S. Treasury Secretary Janet Yellen has warned China to end "unfair economic practices" during her visit to Beijing. Yellen expressed concern over punitive actions taken against U.S. firms… Read More
U.S. Treasury Secretary Janet Yellen described her recent meetings with Chinese officials as "direct, substantive and productive" and a step forward in improving relations between the two co… Read More
U.S. Treasury Secretary Janet Yellen departed Beijing on Sunday after what she described as a “direct” and “productive” 10 hours of bilateral meetings with senior Chi… Read More
Treasury Secretary Janet Yellen has concluded her trip to China after a series of productive meetings. The details of the discussions and outcomes were not provided in the article.
The post… Read More
The Internal Revenue Service (IRS) has announced that it will no longer make unannounced home and business visits, except in unique circumstances, in an effort to improve worker safety and c… Read More
The United States has imposed economic sanctions on three Malian soldiers, including the Minister of Defense, for facilitating the activities of the Russian paramilitary group Wagner in Mali… Read More
Anger and frustration raged in the streets of Iraq as hundreds of protesters surrounded the Central Bank of Iraq in Baghdad. Bank owners, desperate to put a stop to the crashing currency rat… Read More
Global stock markets dropped after ratings agency Fitch downgraded the US’ long-term credit rating from AAA to AA+. However, top economists, including Larry Summers and Mohamed El-Eria… Read More
The July CPI report shows that the consumer price index rose 3.2% from a year ago, indicating that inflation has slightly eased its impact on the U.S. economy. Prices increased 0.2% for the… Read More
With general elections less than two weeks away, Treasury will stick with the current macroeconomic framework, which might not alleviate inflationary pressures for consumers.Finance Minister… Read More
The yen has breached the 145 mark against the dollar, leading HSBC to expect intervention from the Japanese Ministry of Finance in the 145-148 range. If intervention does not occur, HSBC pre… Read More
U.S. Treasury yields were mixed as investors analyzed the minutes from the Federal Reserve's recent meeting and contemplated the future of inflation and interest rates. The yield on the 10-y… Read More
The United States has imposed sanctions on four Russian officials allegedly involved in the poisoning of opposition leader Alexey Navalny in 2020. The Treasury Department identified the indi… Read More
Abbas Masanawa, the CEO of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, has been fired.
According to reports, Masanawa’s departure may be linked to his all… Read More
Two founders of Tornado Cash, a Russian cryptocurrency mixer, have been charged with laundering over $1 billion in criminal proceeds. Roman Storm was arrested in Washington state, while Roma… Read More
According to Deutsche Bank, the Bank of England's losses on bonds purchased to support the UK economy after the financial crisis will be higher than expected until the middle of the decade… Read More
Former education mandarin Jonathan Slater has claimed that Rishi Sunak, the current Chancellor, halved the number of schools to receive funding for a Government rebuilding programme. Slater… Read More
BofA Securities' Savita Subramanian believes that the recent jump in Treasury yields is not a negative sign for equities but rather a positive signal for the economy. She sees companies shif… Read More
U.S. Treasury yields, specifically the 10-year and 30-year yields, traded near levels last seen in 2007. The 10-year yield was at 4.794%, while the 30-year yield was slightly lower at 4.918%… Read More
Long-duration Treasury yields rose on Thursday ahead of a key jobs report, with the yield on the 10-year Treasury reaching a 16-year high of 4.884% on Wednesday before climbing 3 basis point… Read More
Job growth in the US was stronger than expected in September, with nonfarm payrolls increasing by 336,000, surpassing the Dow Jones consensus estimate of 170,000. The unemployment rate was 3… Read More
Republican presidential candidates, including Ron DeSantis, criticized President Biden's approach to the recent attacks on Israel. DeSantis accused Biden's administration of empowering Iran… Read More
Investing can be overwhelming, especially with countless strategies to choose from. However, implementing a simple investment strategy can be a smart approach for both novice and experienced… Read More
U.S. Treasury Secretary Janet Yellen stated that the United States can afford to financially support both Israel and Ukraine in their respective war efforts. President Joe Biden expressed un… Read More
U.S. Treasury yields have risen, with the 10-year hitting a multiyear high of 4.911% and the 2-year trading at levels last seen in 2006. The 5-year Treasury also reached its highest level si… Read More
Ex-Niger Delta militant leaders have sent a serious warning to Sheikh Ahmad Gumi over comments he directed at the minister of the Federal Capital Territory (FCT), Nyesom Wike.
The militant l… Read More
Bill Ackman, founder of Pershing Square, has covered his bet against long-term Treasurys and believes investors may increasingly buy bonds as a safe haven due to growing geopolitical risks… Read More
The US is intensifying its efforts to cut off funding to Hamas, the Palestinian militant organization responsible for recent terrorist attacks. The US Treasury Department's under secretary f… Read More
The U.S. Treasury Department announced that it will borrow $776 billion in the final three months of 2023, slightly lower than the previous quarter. This news comes as a relief to the global… Read More
Former Treasury Secretary Jack Lew is expected to be confirmed as the U.S. ambassador to Israel on Tuesday. President Biden nominated Lew in September amid strained relations between the U.S… Read More
The US Treasury Department, in collaboration with the UK and Canada, has announced new sanctions against Myanmar's state energy company, Myanma Oil and Gas Enterprise. The sanctions, effecti… Read More
The Federal Reserve has chosen to hold interest rates steady at a target range of 5.25%-5.5% for the second consecutive meeting, despite a growing economy and inflation above the central ban… Read More
The US Treasury Department plans to increase the size of its auctions to manage its growing debt load and rising financing costs. The department will auction $112 billion in debt next week… Read More
China's Industrial and Commercial Bank of China (ICBC), the world's largest bank, experienced a cyberattack on its US financial services division, disrupting the trading of Treasurys. The ra… Read More
Gbadebo Rhodes-Vivour, the Labour Party (LP) Governorship candidate in the last election, has slammed Lagos State Governor Babajide Sanwo-Olu over an alleged N200 million spent on defending… Read More
An analyst now says Bitcoin (BTC) will hit all time high numbers by the end of 2024, due to new demand and buying pressure.
Bitwise analyst Ryan Rasmussen is bullish on Bitcoin (BTC) bas… Read More
A big appliance company now files an unexpected bankruptcy after racking up a whopping $832 million in debt, sources report.
Appliance component manufacturer Robertshaw U.S. Holdings fil… Read More
This massive entertainment company is now laying off 900 workers, or 8% of the units global employees, sources report.
Sony on Tuesday said it will lay off about 900 employees in its Pla… Read More
This massive department store will now close 150 stores for good as the company battles with plunging sales, sources report.
Macy’s has announced that 150 stores are set to close o… Read More
This banking company is now making painful layoffs as it sheds half of its staff to focus exclusively on providing software to institutions.
Banking-as-a-service platform Treasury Prime… Read More
Green Dot Bank is now facing a massive penalty stemming from compliance risk management issues predating the company’s current management.
Green Dot has been hit with a proposed con… Read More
A giant Amazon seller now declares an unexpected bankruptcy, part of a restructuring agreement with lenders to slash its debt.
Walpole, Massachusetts-based Thrasio is asking the court to… Read More
This popular retailer is now laying off 100 employees affecting about 2.5% of the company’s workforce, sources report.
The Container Store this week laid off about 100 employees, ro… Read More
A beloved fast food chain now files an unexpected bankruptcy after claiming between $10 and $50 million in debt.
Before the pandemic, Wild Wing Café had plans to triple in size to… Read More
A restaurant in California now announces an unexpected closure after 25 years of businesses, sources report.
The Chevys Fresh Mex establishment in Emeryville – around 10 miles from… Read More
This massive US company will now lay off in California, as well as other prominent states such as Ohio and Pennsylvania, sources report.
UPS is laying off employees at facilities in Calif… Read More
Another appliance company now files an unexpected bankruptcy after troubling signs began when the company filed its 2023 results late.
In that brief report, the company also said that its… Read More
A massive essential store now continues to close in Ohio after the company filed an unexpected bankruptcy just last October.
Last year, Rite Aid filed for bankruptcy in October after inc… Read More