Tag: Markets

USA Treasury yields search for direction after the long weekend

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USA Treasury yields saw minimal movement early on Monday after the extended Easter weekend, with the 10-year yield remaining flat while the 2-year yield dipped slightly. Investors are responding to the latest data on inflation, which indicates that the Federal Reserve may delay interest rate cuts. Analysts have varying opinions on the Fed’s future actions, with some forecasting no rate cuts this year and others anticipating more decisive measures. This week’s market focus will be on USA Treasury auctions, ISM manufacturing data, construction spending figures, and the upcoming March jobs…

Key Fed inflation gauge rose 2.8% annually in February, as expected

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[ad_1] Inflation rose in line with expectations in February, likely keeping the Federal Reserve on hold before it can start considering interest rate cuts, according to a measure the central bank considers its more important barometer. The personal consumption expenditures price index excluding food and energy increased 2.8% on a 12-month basis and was up 0.3% from a month ago, the Commerce Department reported Friday. Both numbers matched the Dow Jones estimates. Including volatile food and energy costs, the headline PCE reading showed a 0.3% increase for the month and…

Yellen warns China's surplus of solar panels, EVs could be dumped on global markets

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[ad_1] U.S. Treasury Secretary Janet Yellen testifies during a hearing before the Financial Services and General Government Subcommittee of the House Appropriations Committee at Rayburn House Office Building on Capitol Hill on March 21, 2024 in Washington, DC.  Alex Wong | Getty Images Treasury Secretary Janet Yellen on Wednesday warned that China is treating the global economy as a dumping ground for its cheaper clean energy products, depressing market prices and squeezing green manufacturing in the U.S. “I am concerned about global spillovers from the excess capacity that we are…

Boeing CEO Dave Calhoun to step down; board chair and commercial airplane head replaced in wake of 737 Max crisis

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[ad_1] Boeing CEO Dave Calhoun speaks to reporters as he departs from a meeting at the office of Sen. Mark Warner (D-VA) on Capitol Hill January 24, 2024 in Washington, DC.  Anna Moneymaker | Getty Images Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant. Chairman of the board Larry Kellner is also resigning and will leave the board at Boeing’s annual meeting in May. He has been replaced as chair by Steve Mollenkopf, who…

Trump says 'I love Truth Social' one day after DWAC stock plunges on social media merger vote

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[ad_1] Zoom In IconArrows pointing outwards Chart for price of shares in Digital World Acquisition Corp. in days leading up to and including shareholder approval of merger with Donald Trump’s social media company. CNBC Donald Trump on Saturday told his many online followers, “I LOVE TRUTH SOCIAL” — but shareholders in the newly merged company that will own that social media app might not feel so great after a sharp drop in price the day before. The shell company Digital World Acquisition Corp. saw its share price plunge nearly 14%…