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(Bloomberg) — Asian stock markets were set to rise early Tuesday after U.S. benchmarks traded weakly and U.S. Treasuries underperformed to start the week ahead of key inflation data.Most Read Articles on BloombergStock futures in Tokyo, Hong Kong and Sydney showed gains. The yield on the US 10-year Treasury note rose to its highest level since November, moving closer to the psychologically important 4.5% level. Trader confidence in the Fed’s three quarter-point rate cuts this year has quickly evaporated, and the market now supports just two cuts.Economists surveyed by Bloomberg expect Wednesday’s consumer price index to ease some inflationary pressures.…
My Economy tells the story of the new economic normal through the eyes of the people who are making it happen. Because we know that the only thing that really matters is the economic numbers. Sara Rastegar is the owner of Point Studio Art in Bossier City, Louisiana. Point Studio Art is an art and design studio offering classes and workshops on textile printing. Rastegar is an Iranian-born artist, professor, and, as of last year, a small business owner. Since she opened her business in August 2023, she has secured her full-time job as an educator. “When I started thinking…
Many experts have weighed in on whether the collapse of Baltimore’s Francis Scott Key Bridge was caused by technical problems with the Dali, operational errors, flaws in the bridge’s design, or aging infrastructure. expressing an opinion. If you’re looking for society’s boogeyman here, look no further than the mirror. Whether it’s “free” shipping on online purchases or the lowest-priced airline tickets, anyone looking for lower prices and greater convenience must consider cost. As competition in the shipping industry intensifies, fewer professionals are employed and each professional is required to take on more responsibilities.Two tugboats were helping the 984-foot Dali container…
Last week, numerous media outlets reported that foreign investment in China fell by 80% last year compared to 2022, the lowest level in 30 years. This is a statement about the amount of inflows, not about the total stock of foreign investment in China, which remains at a high level. Investments tend to fluctuate from year to year, and there’s always the question of whether a new data point represents a sudden change or a trend. In this case, it’s starting to look like a trend. So, for the sake of argument, let’s assume that and, keeping in mind that…
Champix/Getty Images/iStockphotoHave you ever invested in FAANG stocks, or the Magnificent 7, a collection of technology-focused U.S. stocks? In 2013, four tech stocks stood out, collectively known as “FANG.” started to be called. In 2017, the acronym expanded to include Facebook, Amazon, Apple, Netflix, and Google.Check out: 6 investments everyone should make during a recessionRead next: Do you owe money to the IRS? Most people don’t realize you can do this – todayIn 2023, the nickname “Magnificent 7” emerged to describe a growing group of tech stocks, including Microsoft, Amazon, Meta Platforms (formerly Facebook), Apple, Alphabet Inc. (formerly Google), Nvidia…
Welcome to the online version of From the political deskis an evening newsletter from the NBC News political team that brings you the latest reporting and analysis from the campaign trail, the White House and Capitol Hill.In today’s edition, political reporter Alan Smith examines how Donald Trump’s new stance on abortion is borrowed from the Republican Party’s 2022 midterm strategy. Additionally, Senior Political Editor Mark Murray asks if President Trump and Joe Biden’s policy announcements on Monday were wiped out by a total solar eclipse. Sign up here to receive this newsletter in your inbox every weekday.President Trump cancels Republican…
Shehzad Kazi, Managing Director of China Beige Book International, joins Yahoo Finance Live to discuss Treasury Secretary Janet Yellen’s visit to China regarding economic tensions. Kazi said Yellen was not the right choice if the US wanted to send a “serious message” to China, saying Yellen’s warnings were “dovish” and would not be taken seriously by Beijing. He praised it.Kazi also said the Biden administration is “running into some trouble” with larger industrial policy, suggesting there is room for improvement in the U.S. approach. He highlighted the example of TSMC’s planned production delays, suggesting that the Chinese government may be…
As Uber and Lyft threaten to pull out of Minneapolis if a driver wage increase ordinance goes into effect on May 1, a coalition of groups representing the city’s seniors, people with disabilities, the hospitality industry and the airport announced Monday that Jacob Join Mayor Frey in urging city council members to step back from the “cliff”. Cove O’Connor, president of the National Federation of the Visually Impaired, said at a press conference: “For me, as a blind person, I can travel by public transportation instead of using Uber Lyft.” “But it’s not always the most convenient, and it’s not…
Donald Trump’s latest position on abortion is basically “anything goes.” If anti-abortion activists really thought he was on their side, he should have paid more attention.Earlier this year, he frequently boasted about upsetting the court’s ideological balance and appointing three anti-abortion Supreme Court justices. Roe vs. Wade, it has been the law of the land for nearly half a century. “I did it, and I’m proud to have accomplished it,” President Trump said during a Fox News town hall in January.But now he is uncharacteristically reserved on the subject. He hopes to convince voters that he poses no further threat…