Traders sees the 10-year Treasury rate hitting 5% within five weeks, Bloomberg reported. Yields this high have historically triggered a stock sell-off. The rate has reached higher amid US debt fears and growing inflation concern under Trump. An options bet that puts the 10-year Treasury yield at 5% in the coming weeks is getting attention,…
Bond yields spiked after the January jobs report. While hiring in January was weaker than expected, other data indicates a strong labor market. Markets increased bets that the Fed will keep rates steady Bond yields shot up on Friday as markets took in the January jobs report. While the nonfarm payroll report showed employers added…
DeepSeek’s powerful, cheap AI models have taken the tech world by storm. Altman said OpenAI will embrace one of DeepSeek’s popular approaches. The CEO said OpenAI has “been on the wrong side of history” when it comes to model weights. When rivals take a different approach and succeed, it sometimes pays to change course. This…
Trump changed the market narrative on trade policy this week, easing fears that have weighed on investors. The president has shifted investors’ focus to his pro-growth agenda. A flurry of executive actions and announcements helped lift the S&P 500 to fresh records. President Donald Trump flipped the script on one of the market’s biggest worries…
US stocks ripped higher on Friday, rebounding from a steep mid-week sell-off. The stock market surge accelerated after dovish comments from Fed president Austan Goolsbee. Investors are concerned about a potential government shutdown and a hawkish tilt by the Fed. US stocks rebounded strongly on Friday from a steep mid-week sell-off, with the gains accelerating…
US stocks jumped on Friday, partly driven by Broadcom’s blowout earnings report. Broadcom’s AI revenue soared 220% this year, helping drive its stock up 18% on Friday. Investors are eyeing the Fed meeting next week, anticipating a 25 basis point rate cut. US stocks jumped on Friday, with technology stocks leading the market higher after…
Bank of America downgraded AMD on Monday, citing higher competitive risk in the AI market. AWS customers’ low demand for AMD AI chips and Nvidia dominance impact AMD’s growth potential. AMD could still succeed due to Nvidia supply issues and its server chip market position. Bank of America downgraded AMD after a Business Insider report…
US stocks ended Friday mixed, with the S&P 500 rising to an all-time-high. Investor optimism rose after jobs data fueled optimism about the economy and future rate cuts. Traders see higher odds of another rate cut in December, the CME FedWatch Tool shows. US stocks ended mixed on Friday, though the S&P 500 rose to…
BEIRUT — Insurgents breached Syria’s second-largest city, Aleppo, after blowing up two car bombs Friday and clashed with government forces on the city’s western edge, according to a Syria war monitor and fighters. Residents were fleeing neighborhoods on the city’s edge because of missiles and gunfire, according to witnesses in Aleppo. The insurgents’ advance on Aleppo…
US stocks surged on Friday with the Dow Jones rising 426 points amid risk-on trade momentum. Bitcoin neared $100,000, driving speculative asset interest alongside stock market gains. Nvidia’s earnings and a low-volatility week contributed to the positive market outlook. US stocks jumped on Friday, with the Dow Jones surging 426 points to a record close…