Treasury Secretary Janet Yellen cast unions as a panacea for economic challenges facing the middle class as the White House looks to bolster its argument — and make appeals — to organized labor.
The auctions of two- and five-year Treasury notes Monday drew the highest yields since before the 2008 financial crisis, reflecting the US bond-market selloff that deepened last week in anticipation of another Federal Reserve rate increase.
Ukrainian forces pierced the first line of Russian fortifications in the nation’s southeast and are fighting to widen the breach, the nation’s defense chief said, in a bid for a potential breakthrough.
Sales of new US state and local-government bonds are poised to dwindle for the next few weeks, delivering a potential respite for a market that’s on track for its biggest monthly slump since February.
Citigroup Inc. strategist Scott Chronert says the first-wave of artificial-intelligence breakthroughs lifted the stocks of companies like Nvidia Corp. that are at the center of it all. The second will elevate the market at large.
Lone Pine Capital clients withdrew an estimated $3 billion from its funds in the 12 months through June, even as investment performance at Steve Mandel’s firm rebounded from a bruising 2022.
US Commerce Secretary Gina Raimondo said in Beijing that trade and transparency can serve as the foundation for better ties between the world’s top two economies.
Turkey’s President Recep Tayyip Erdogan is expected to meet Vladimir Putin in Russia next week to discuss reviving the Black Sea grain deal.
The new version of its best-known product offers extra privacy safeguards, longer text prompts
President Joe Biden will travel to Vietnam in September, where he will meet with General Secretary Nguyen Phu Trong and other leaders, the White House announced on Monday.
