Bloomberg Business

Treasuries haven’t been this ineffective as a stock hedge since the 1990s.

Johnson & Johnson and a committee of cancer victims have agreed to speed up a court appeal of their fight regarding whether the health-care giant can use bankruptcy to end as many as 100,000 talc-related claims.

Bond investors are pushing US Treasury yields to fresh 2023 highs, spooked by plans for a flood of government-debt issuance and signs of the labor market’s enduring strength.

The move by Fitch Ratings to downgrade US government credit has put a renewed focus on the nation’s debt trajectory, just when the world’s largest economy is shaking off forecasts for a looming recession.

A string of five monthly gains in US technology stocks has hit a wall in August as Treasury-market turbulence and a hot labor-market reading sap investor optimism.

(Bloomberg) — Weakening US fiscal metrics and governance, highlighted by political wrangling over the debt ceiling, were at the heart of the decision by Fitch Ratings to downgrade the nation’s credit on Tuesday, said Richard Francis, the company’s co-head of Americas sovereign ratings. 

Twelve US states including economic powerhouses Florida and Texas have credit ratings higher than the US government after Fitch Ratings lowered the sovereign credit grade on Tuesday to AA+. The count was based on whether these states have AAA or equivalent ratings from at least two of the three companies — Moody’s Investors Service, S&P Global Ratings and Fitch.

President Luiz Inacio Lula da Silva expects Brazil’s central bank to begin cutting interest rates on Wednesday, saying he “can only hope” that policymakers launch the easing cycle he has demanded for months.

Now that Lionel Messi is playing for Inter Miami, Dan Hunt is eager for a chance to cash in.