Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Monday, June 30, 2025. Victor J. Blue | Bloomberg | Getty Images Treasury Secretary Scott Bessent recently urged President Donald Trump not to fire Treasury Secretary Jerome Powell, warning of the potential economic, political, and legal consequences of such a…
A daily rundown of the economic reports and corporate earnings that will be grabbing the market’s attention in the week ahead Monday July 21 830 am ET: Canada industrial product price index and raw materials price index 10 am ET: U.S. leading indicator for June 1030 am ET: Bank of Canada business outlook survey and…
Trump signs GENIUS Act, first federal law regulating crypto – CBS News Watch CBS News President Trump held a signing ceremony at the White House on Friday after Congress passed the GENIUS Act, a landmark federal law that will regulate cryptocurrency. Specifically, the GENIUS Act will set government guidelines for the cryptocurrency known as stablecoin….
U.S. Treasury yields moved lower on Friday as investors digested this week’s economic data and ongoing tariff-related news. The 10-year Treasury yield was 4 basis points lower at 4.423%. The 2-year yield was more than 4 basis points lower at 3.87%. The 30-year note was lower by nearly 2 basis points, yielding at 4.99%. One basis point is equal to 0.01%…
Check out the companies making headlines before the bell: Netflix — Shares fell 2% after Netflix warned that operating margin in the second half of 2025 will be lower than the first half because of higher content amortization, as well as sales and marketing costs, because of a larger slate of content. Otherwise, the streaming…
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Federal Reserve Chairman Jerome Powell on Thursday formally replied to a set of pointed questions from the director of the White House Office of Management and Budget about the renovation of the Fed’s Washington headquarters. Powell pointed to a newly launched page on the Fed’s public website dedicated to answering questions about the project, which…
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US president blasts long-delayed project to link Los Angeles and San Francisco as a ‘boondoggle’ and a ‘train to nowhere’. United States President Donald Trump has pulled the plug on $4bn in funding for a long-delayed high-speed rail line in California, blasting the project as a “boondoggle” and a “train to nowhere”. Trump said in…
BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…