(Bloomberg) — The dollar staged its biggest rally in three weeks, driving it to the strongest against its key counterparts since December, as expectations that the Federal Reserve will hold interest rates high well into next year draws cash into the US.
Saudi Arabia took a key step toward advancing its nascent nuclear power program, telling international inspectors they’ll have wider access to facilities in order to account for atomic materials.
Moody’s Investors Service, the only remaining major credit grader to assign the US a top rating, has signaled that its confidence is wavering ahead of a potential government shutdown.
Brazil President Luiz Inacio Lula da Silva will undergo a long-delayed hip operation Friday but plans to quickly return to work, he announced Monday.
US Treasuries extended their decline, driving 10- and 30-year yields to new multiyear highs, on expectations the Federal Reserve will hold interest rates high and the supply of new bonds will keep rising as the federal government contends with mounting deficits.
(Bloomberg) — A consortium of banks including Goldman Sachs Group Inc. and Barclays Plc are tapping an outside startup to help with their efforts to ensure they’re properly disclosing clients’ bets across different markets.
Instant Brands, the Illinois-based bankrupt maker of the Instant Pot pressure cooker and Pyrex glassware, has drawn interest for different parts of its business from parties including Centre Lane Partners and hedge fund Citadel, according to people familiar with the matter.
Goldman Sachs Group Inc. Chief Executive Officer David Solomon defended the need to support traditional energy companies, batting away demands from climate activists to abandon their clients in that sector.
Oil’s rally continued to cool with investors in search of a new catalyst to support more buying.
Traders rushing into exchange-traded funds that benefit from the Federal Reserve keeping interest rates higher for longer are being warned that the best days to capture soaring yields are over.
