The U.S. 10-year Treasury yield rose Friday as investors looked ahead to employment data due later in the session. The yield on the benchmark 10-year Treasury note added 1.1 basis points to 2.926% by 7:29 a.m. ET. The yield on the 30-year Treasury bond moved 2.4 basis points higher to 3.099%. Yields move inversely to
The Social Security trust fund most Americans rely on for their retirement will be able to continue to pay out benefits on a timely basis until 2034, one year later than the Treasury Department estimated last year, according to an updated report published by the government Thursday afternoon. The improved analysis, signed by Treasury Secretary
Handmade ceramics aren’t cheap, but porcelain is often even more expensive. Compared to other ceramics, porcelain is non-porous, white, and translucent. The secret to these differences is in the clay. But even for experienced potters, porcelain can be challenging to work with. So how is porcelain made and why is it so expensive? MORE SO
App Academy is a coding bootcamp that only takes payment from its students after they get a job – it takes a cut of the first year’s salary. The program opens up opportunities for those without cash on hand, but is it legal? #CNN #Business #Jobs
Professionalstudioimages | Istock | Getty Images The clock is ticking for Congress when it comes to shoring up the Social Security trust funds, according to an annual report released on Thursday by the program’s trustees. Both Social Security and Medicare face long-term financing shortfalls, due to the fact that those programs will grow faster than
Trader on the floor of the NYSE, June 1, 2022. Source: NYSE Stock futures rose Thursday evening as investors focus their attention on more jobs data due out Friday morning. Futures tied to the Dow Jones Industrial Average were up about 78 points. S&P 500 futures and Nasdaq 100 futures were both higher by 0.3%.
In this article COIN Brian Armstrong, cofounder and CEO of Coinbase speaks onstage during ‘Tales from the Crypto: What the Currency of the Future Means for You’ at Vanity Fair’s 6th Annual New Establishment Summit at Wallis Annenberg Center for the Performing Arts on October 23, 2019 in Beverly Hills, California. Matt Winkelmeyer | Getty
Speaker of the House Nancy Pelosi, D-Calif., conducts her weekly news conference in the Capitol Visitor Center on Thursday, May 19, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images House Speaker Nancy Pelosi said Thursday that lawmakers will vote on sweeping gun control bills next week in response to a series of horrifying
Jeffrey Coolidge | Photodisc | Getty Images The IRS is working to boost its audit rates for the wealthiest Americans, according to a statement released with the agency’s annual Data Book, covering activities for the 2021 fiscal year. While plummeting audits have drawn scrutiny from Congress, percentages have doubled for filers making over $100,000 to more than
Chase Coleman, founder of Tiger Global Management LLC Amanda L. Gordon | Bloomberg | Getty Images Chase Coleman’s Tiger Global Management suffered huge losses in May amid a tech-driven sell-off, making the hedge fund’s tough 2022 even worse. The growth-focused flagship fund at Tiger Global tumbled 14.3% in May, bringing its 2022 losses to over
In this article GME HPE MDB MSFT Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. Charles Platiau | Reuters Check out the companies making headlines in midday trading Thursday. Microsoft — Shares of the technology giant slipped 0.6% after Microsoft cut its earnings and revenue guidance for the fiscal fourth quarter. Microsoft
A nurse administers a pediatric dose of the Covid-19 vaccine to a girl at a L.A. Care Health Plan vaccination clinic at Los Angeles Mission College in the Sylmar neighborhood in Los Angeles, California, January 19, 2022. Robyn Beck | AFP | Getty Images The White House expects Covid vaccinations for children under age 5
US President Joe Biden speaks at the US Coast Guard (USCG) change of command ceremony at USCG Headquarters in Washington, DC, on June 1, 2022. Saul Loeb | AFP | Getty Images President Joe Biden on Thursday will renew calls on Congress to pass new gun restrictions — on the heels of mass shootings that
A storefront in Montebello, California on Dec. 9, 2021. Frederic J. Brown | Afp | Getty Images Workers continue to benefit from a hot job market characterized by near-record demand for their labor, which has translated to ample choice and higher pay. However, there are signs of a slowdown in some industries and Federal
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 18, 2022. Andrew Kelly | Reuters U.S. stock futures were flat Wednesday night as economic concerns dragged down investor sentiment. Futures tied to the Dow Jones Industrial Average edged lower by 13 points, or
The U.S. 10-year Treasury yield dipped Thursday, as investors looked to employment data set for release. The yield on the benchmark 10-year Treasury note lost 2 basis points to 2.911% as of 7:10 ET. The yield on the 30-year Treasury bond moved 2.3 basis points lower to 3.054%. Yields move inversely to prices and 1
A video released from the US Coast Guard shows how one of its vessels travels through the Panama Canal. The Canal is a complex system that utilizes an artificial lake to help ships traverse between the Continental divide. Following is a transcript of the video. The Panama Canal is an engineering marvel. About 14,000 ships
Taylor Swift and Bob Dylan are among the stars featured in recent sales of back catalogues, and the rise of streaming services has some analysts predicting a doubling of revenue from music assets by 2030. But risks abound, from overpaying, to the threat of rising interest rates, not to mention if a songwriter doesn’t gel
Fake videos and audio keep getting better, faster and easier to make, increasing the mind-blowing technology’s potential for harm if put in the wrong hands. Bloomberg QuickTake explains how good deep fakes have gotten in the last few months, and what’s being done to counter them. Video by Henry Baker, Christian Capestany Like this video?
Teachers line up to enter Everest College, one of the Corinthian Colleges that closed, for a meeting and opportunity to collect their personal items, in City of Industry, Calif., April 27, 2015. Al Seib | Los Angeles Times | Getty Images The Biden administration plans to cancel all outstanding student loans for those who attended
A WeRide robotaxi with health supplies heads to Liwan district on June 4, 2021, in the southern Chinese city of Guangzhou. Southern Metropolis Daily | Visual China Group | Getty Images BEIJING — While governments may be wary of driverless cars, people want to buy the technology, and companies want to cash in. It’s a
Mark Zuckerberg, chief executive officer of Facebook Inc., right, pauses while speaking as Javier Olivan, vice president of growth and analytics at Facebook Inc., looks on at Billionaire Carlos Slim’s Telmex Foundation annual event for scholarship students in Mexico City, Mexico, on Friday, Sept. 5, 2014. Zuckerberg said he’s willing to spend whatever it takes
David Jakle | Image Source | Getty Images It’s been a tough year for municipal bonds, with investors cashing out amid rising interest rates. However, higher yields and strong credit may be sparking a shift, experts say. While investors piled a record-breaking $96.8 billion of net money into U.S. muni mutual and exchange-traded funds in
Pedestrians pass in front of the Salesforce Tower in New York. Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Salesforce — Shares of the enterprise-software maker jumped nearly 10% after the company’s stronger-than-expected quarterly earnings report. Salesforce also lifted its full-year earnings guidance, but reduced its
A “For Sale” sign outside a house in Crockett, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates rose sharply this week, after pulling back over the last three weeks. The 30-year fixed hit 5.36% Monday and then moved higher again Tuesday to 5.47%, according to Mortgage News
Paul Ramirez, 54, waters the front lawn at his home on St. Louis St. in Boyle Heights, as his dog Bandit, a 2 year old Yorkshire terrier, jumps for joy. Mel Melcon | Los Angeles Times | Getty Images Unprecedented restrictions on outdoor water use go into effect on Wednesday for more than 6 million
Ukrainian service members unpack Javelin anti-tank missiles, delivered by plane as part of the U.S. military support package for Ukraine, at the Boryspil International Airport outside Kyiv, Ukraine February 10, 2022. Valentyn Ogirenko | Reuters The U.S. is sending Ukraine advanced rocket-launcher systems and 1,000 Javelin missiles as part of the Biden administration’s latest effort
xavierarnau Many investors are missing out on one of the most valuable parts of retirement planning: time. A Bankrate survey found that almost 36% of respondents have never had a retirement account. Not saving enough for retirement is a big financial regret for many people, the research found. There’s a key reason for that remorse. For
In this article MS Countries like the U.S. and U.K. are grappling with inflation that has risen to multi-year highs as the Ukraine war has caused energy prices to spike and food prices to rise. Angela Weiss | AFP | Getty Images Talk of a recession is heating up, with Wall Street veterans flagging the
In this article BTC.CM= Binance is the world’s biggest cryptocurrency exchange, handling $490 billion of spot trading volumes in March 2022. Akio Kon | Bloomberg | Getty Images Binance, the world’s largest cryptocurrency exchange, is launching its own venture capital fund. The company’s venture arm, Binance Labs, said Wednesday it has raised $500 million for
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