10-year Treasury yield rises to highest since 2007 as Fed rate-hike expectations rise
The sell-off in U.S. government debt is deepening as investors increasingly price in an interest rate hike this week.
Today's focus
Equities Global marketsCentral banks Rates & policyTechnology AI & innovationEnergy Commodities & supplyGlobal trade Business & geopolitics
Trade World News / Section
Markets
Stocks, currencies, commodities and the forces moving prices.
TW
Latest stories
771 stories
Markets desk
Iranian foreign minister will head to China for talks, as Pentagon reveals financial cost of war
Iranian foreign minister Abbas Araqchi will visit China on Wednesday for talks, Beijing's foreign ministry announced on Tuesday.
China's August retail sales miss forecast while investment slump deepens, piling pressure on Beijing
China's investment slump deepened, retail sales growth slowed further in August while industrial output blew past estimates as Beijing warns of supply-demand imbalance.
Supreme Court rejects Trump bid to lift block on U.S. Postal Service mail-in ballots rule
Justice Brett Kavanaugh said that applying the U.S. Postal Service rule in the 2026 midterm elections "would be arbitrary and capricious."
Mitch McConnell returns to Senate after three-month health absence
The 84-year-old Kentucky Republican is back in Washington after a fall, hospitalization, pneumonia and weeks of rehabilitation kept him away from the Senate.
Warren to rip Clarity Act on Senate floor ahead of key preliminary vote
Sen. Elizabeth Warren will call the latest Clarity Act ethics proposal blessed by Trump a "weak fig leaf."
Counting the votes: Warsh faces a tough battle as the Fed girds for expected interest rate hike
Traders were pricing in a better than 92% probability of a rate increase, as well as a more than 75% chance for another one in December.
Bank of America expects third-quarter investment banking fees to fall more than 10%; shares slide
The muted outlook from the country's second-largest bank by assets could be an early signal that Wall Street's AI boom might have hit turbulence.
Warsh's credibility is on the line this week as Trump policies put pressure on Fed to hike
With inflation above target and no visibility on lower oil prices or stability of tariffs, the Fed chairman needs to pass the test that has faced his predecessors
Prediction market traders think gas prices will hit new highs for the year
Oil prices have marched higher in recent weeks, above $100 per barrel, as tensions between the U.S. and Iran have escalated again.
Trump goes scorched earth on AI warnings, raging about data center opposition and regulation
The Trump administration has encouraged AI's rapid growth and the development of data centers as it seeks an insurmountable tech edge over China.
China says AI CEOs' call for a slowdown is 'fear mongering'
Chinese state media's reports of the daily press conference also noted that all groups should work together for AI openness and inclusivity.