The US bond-market selloff resumed Monday, driving 10-year yields to a 16-year high, as the persistently resilient economy has investors positioning for interest rates to remain elevated even after the Federal Reserve winds up its hikes.
The US State Department has approved Poland’s request to purchase AH-64E Apache attack helicopters, engines and other equipment valued at as much as $12 billion.
Acushnet Holdings Corp. jumped the most since early March after Jefferies upgraded the golf-equipment company to buy, seeing more than 50% return potential as its clubs business grows.
Nvidia Corp. shares soared on Monday as more analysts raised their price targets on the stock, a sign of growing optimism about the chipmaker’s highly anticipated results later this week.
Elon Musk told Pentagon officials during a call about the satellite-based internet that SpaceX supplies to Ukraine’s military that he’d spoken personally with Russian President Vladimir Putin, the New Yorker reported.
The New Zealand dollar looks poised to suffer a record losing streak.
Hours before Arm Ltd.’s initial public offering filing is expected to land, investors are scrutinizing a handful of reported financial metrics for clues on whether the lofty valuation the company is said to be seeking for its shares makes sense.
Oil fell on signs that supplies may be rebounding and concerns that economic growth in China is headed for a slowdown.
Traders are betting ForgeRock Inc.’s proposed sale to Thoma Bravo LLC is more likely to go through than not, with a key regulatory decision due in the next day.
If the August downturn for US stocks resumes, Wall Street strategists say it may be a buying opportunity for those who sat out of this year’s rally — not the beginning of another painful slide.
