30-year Treasury yield hits highest level since 2004 as bond market rout continues
U.S. Treasury yields continued their upward momentum after hitting a 19-year high on Wednesday.
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White House allows blocked reporters in after judge lifts Trump ban
District Judge Tim Kelly said the three outlets should have their access immediately restored from the ban the president had announced on Sept. 18.
U.S.-China trade truce extended for two months, Bessent says, as Xi begins state visit
The deal, which was set to expire in November, will now be extended to Jan. 10, Bessent said, noting the need for Beijing to fulfill more deliverables.
Market sees next Fed hike in October, following Barr comments and hot inflation reading
S&P Global said its overall inflation measure hit its highest level since October 2022.
Affordability concerns loom large for advisors' clients ahead of midterm elections, survey finds
Advisors' clients are worried about both short- and long-term costs and whether Social Security and Medicare will be there when they retire, a new survey finds.
Trump faces Xi as strains with allies complicate U.S. pressure on China
As Trump prepares to meet Xi, strains with U.S. allies are complicating Washington’s efforts to marshal pressure against an increasingly resilient China.
Iran's president blames U.S., Israel for global instability in defiant UN speech
Pezeshkian began his address to the UN General Assembly in New York City by holding up photos of children he said were killed by U.S. and Israeli bombs.
McDonald's CEO expects high inflation, flat traffic are not going away for restaurant industry
McDonald's CEO Chris Kempczinski said that he expects that high inflation and flat traffic will continue to weigh on the restaurant industry.
Activist Toms Capital urges Devon Energy in letter to explore alternatives, including a sale
Toms, which manages just over $4 billion in assets, says in the letter it is now one of Devon's top five shareholders.
72% of Americans would slow financial progress to enjoy life now, SoFi survey finds
SoFi found 72% of Americans are willing to make slower progress on financial goals to prioritize family, travel and meaningful experiences.
IonQ shares rise after company says it made a major quantum computing breakthrough
Shares of quantum computing company IonQ rose following its successful test of the industry's first real-time end-to-end error decoder.
Nearly 10% of borrowers opted for riskier mortgages last week, as rates soared over 7%
As mortgage rates rise, borrowers are seeking savings in riskier, adjustable-rate mortgages that offer lower rates.