Beaten-down bonds will make a comeback in 2024 as high interest rates and tighter financial conditions increase the risk of the economy making a hard landing, according to Bank of America Corp.’s Michael Hartnett.
At least one trader correctly anticipated the surprising jump in US payrolls Friday.
Steven Major, HSBC Holding Plc’s renowned bond bull, said he was wrong-footed by the recent bond selloff because he underestimated how badly investors would react to ballooning US debt and a surge in supply.
The massive breach of a decentralized finance project bears the hallmarks of a North Korean attack, according to a senior White House official.
Panama’s debt tumbled this week, approaching its lowest level in 14 years, on mounting speculation that the Central American nation is heading for a downgrade.
The diverging fortunes of the two most prominent electric vehicle startups in the US show Wall Street is picking a side — and it’s not Lucid Group Inc.
Pan Gongsheng is set for a key appearance on the international stage next week, presenting the biggest opportunity for global economic and banking chiefs to rub shoulders with China’s top central banker and gain valuable clues on where he aims to steer policy.
The seemingly boundless popularity of Taylor Swift is boosting stock prices on both sides of the Atlantic.
Treasury Secretary Janet Yellen is expected to push her reform agenda for the World Bank and meet with senior Chinese officials, along with potentially discussing new ways to limit Russia’s revenue from oil sales on a nine-day international trip set to start Sunday.
Tesla Inc. cut the prices of its top-selling models again in the US, continuing its push to stoke demand and capitalize on easing supply constraints.
