Pepperstone Research Strategist Dilin Wu describes the bond market as "ahead of the Fed," arguing that rising yields on treasuries is a structural issue in the economy. She also warns that Fed Chairman Kevin Warsh is left with only bad options to address the rising cost of servicing US bonds.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.
A fast-moving wildfire near Reno, Nevada, has forced 42,000 people to evacuate and put another 45,000 on alert.
Alibaba shares plunged 10% after the tech giant priced a $10. 2 billion share placement to fund its growing AI investments.