The all-important 10-year yield has spiked — and that’s got Wall Street, banks and borrowers really nervous (www.cnbc.com)
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In the last 10 years, President Xi Jinping of China has had at least five different meetings with Venezuelan President Nicolás Maduro. The meetings culminated in an “all weather strategic partnership” in 2023....
General Motors and Ford Motor on Monday said they are indefinitely laying off another 500 workers at four Midwestern plants because of the impact on some of the facilities of the United Auto Workers strike in its 18th day....
Chief executives of some of the world’s largest energy companies on Monday sought to defend themselves from criticism, saying it is not possible to keep everyone happy amid the planned energy transition....
Amazon customers report false email confirmations for gift cards they did not buy::Amazon customer service representatives have been receiving a host of inquiries from worried and confused customers.
Apple will issue a software update to address iPhone 15 overheating complaints::Apple said that the new iPhones were running hot because of a combination of bugs in iOS 17, bugs in apps, and a temporary set-up period.
Mortgage interest rates just hit a level not seen since the year 2000. As a result, mortgage demand is now sitting near a 27-year low....
The Pentagon has awarded Elon Musk’s SpaceX its first confirmed contract for the Starshield network it’s developing, a military-specific version of the company’s Starlink satellite internet system, the defense agency said Wednesday....
One day after filing a massive antitrust lawsuit against Amazon, Federal Trade Commission Chair Lina Khan defended the agency’s decision to pursue the company and explained how its use of monopoly power allowed it to leverage an effective 50% tax on sellers....
FTC and 17 states sue Amazon on antitrust charges::The lawsuit is a major milestone for FTC Chair Lina Khan, who rose to prominence for her 2017 Yale Law Journal note, “Amazon’s Antitrust Paradox.”
A judge on Tuesday ruled that Donald Trump and his company are liable for fraud by misstating the true values of multiple real estate properties for years and thus grossly overstating the former president’s net worth by billions of dollars....
Hollywood scribes initiated a work stoppage in early May as negotiations broke down with studios including Disney, Paramount, Universal and Warner Bros. Discovery....
Philippines condemns Chinese ‘floating barrier’ in South China SeaThe Philippines on Sunday accused China’s coast guard of installing a “floating barrier” in a disputed area of the South China Sea, saying it prevented Filipinos from entering and fishing in the area....
While optimistic, the people noted, however, that if a deal is not reached the strike could last through the end of the year.
The White House unveiled the American Climate Corps, a federal program that aims to pay 20,000 young people to get trained in climate-related jobs....