Recent News

The momentum in U.S. Treasury yields faded on Thursday, as global stocks cooled and expectations for upcoming economic indicators increased. The 10-year Treasury note yield fell 4.8 basis points to 3.92% early Thursday morning. This marked a slight recovery from the lowest point since June 2023, seen earlier in the week. Meanwhile, the 2-year Treasury note also fell, falling about 4 basis points to 3.959%. The inverse relationship between yields and bond prices continues, with a single basis point representing a 0.01% change. Global stock markets appeared to be lingering in a cautious state, following a broad-based decline earlier in…

In the shadow of the Eiffel Tower, amid the ongoing Paris 2024 Olympic Games, a distinct absence is felt. Russia, barred from participating as a nation due to its ongoing conflict in Ukraine, has adopted a decidedly antagonistic stance toward the event. Since the conflict in Ukraine began in early 2022, Russian competitors have faced restrictions, being able to participate only as neutral athletes without national symbols. This year, only 15 athletes represent Russia under these strict conditions. State-affiliated Russian media began highlighting every possible flaw in the games, from minor complaints about meals in the Olympic Village to major…

At their joint inaugural rally in Philadelphia, Vice President Kamala Harris, now a presidential candidate, and her chosen candidate, Minnesota Gov. Tim Walz, addressed a large crowd. Walz expressed his excitement about their partnership to more than 12,000 attendees, according to Harris' campaign team. "It's a privilege to join this dynamic slate," he noted, bringing a wave of excitement to the gathering. In her speech, Harris emphasized her search for a vice president who embodies a vision of a hopeful future, ultimately choosing Governor Walz for his leadership qualities and Minnesota roots. Despite his initial obscurity on the national stage,…

Stock futures were up on Tuesday evening, signaling a recovery after Wall Street's recent three-day slide was halted. S&P 500 futures rose 0.6%, with Nasdaq 100 futures up 0.9%. Meanwhile, Dow Jones Industrial Average futures rose 215 points, or about 0.55%. Post-market trading saw a significant decline in Super Microcomputer shares, which fell more than 13% despite beating fiscal fourth-quarter earnings expectations. In contrast, Airbnb shares fell 16% due to disappointing performance in its second-quarter financial results. During regular trading hours on Tuesday, major indexes pared a series of losses, each with notable gains. The S&P 500 and Nasdaq Composite…

President Vladimir Putin has leveled serious accusations at Ukraine following reports of Ukrainian troops allegedly crossing into Russia's Kursk region. The incident, reportedly involving a significant deployment of troops and armored vehicles, near the town of Sudzha has prompted a swift and decisive response from Moscow. In a televised address, the Russian Chief of Staff briefed President Putin on the alleged Ukrainian advance in the Kursk region and the ensuing clashes near the border. According to Russian officials, Ukrainian forces aimed to seize control of Sudzha and surrounding areas, prompting a rapid military response that resulted in casualties on both…

A recent study by Numbeo revealed a shocking reality: seven of the ten most expensive cities in the world are in the United States. Geneva, Switzerland, took first place, but American cities like New York, San Francisco, and Boston followed closely behind. The Cost of Living Index, compiled using data from January to mid-2024, compared the city's expenses to a New York City baseline. Factors considered included overall cost of living, rent, food prices, eating out, and purchasing power. Geneva, often hailed as the “capital of peace,” tops the list with a cost of living that is 1.7% higher than…

Microsoft has responded forcefully to Delta Airlines’ allegations following a significant IT outage, saying the airline repeatedly rejected its offers of assistance. Microsoft responded to Delta’s claims Tuesday after the airline announced its intention to seek damages from Microsoft and CrowdStrike over thousands of flight cancellations caused by a major IT outage. The incident, which began July 19, stemmed from a failed CrowdStrike software update that affected millions of Microsoft Windows systems, resulting in losses for Delta of about $500 million, according to CEO Ed Bastian. Bastian stressed that Delta, known for its punctuality and premium services, had “no choice”…

Treasury yields rebounded on Tuesday as investors reacted to Monday's sell-off in global markets. As of 5:12 a.m. ET, the benchmark 10-year Treasury yield had risen more than 5 basis points to 3.8371%. That rise followed Monday’s decline, which marked the lowest level for the 10-year yield since June 2023. Meanwhile, the 2-year Treasury yield rose more than 7 basis points to 3.9627%. It’s important to note that yields and prices move inversely, with one basis point equaling 0.01%. Global markets looked poised to recover from Monday's sharp decline. U.S. stocks began the new month lower, weighed down by fresh…

KEY WEST, FLORIDA — Throughout modern history, parents have only had one choice when it comes to disposable diapers: plastic. Single-use products, typically made from fossil fuels like petroleum, can take hundreds of years to decompose, making them the third largest consumer item in U.S. landfills, according to the Environmental Protection Agency. Additionally, they are not as breathable as other materials, potentially making accidents like diaper rash more common. However, plastic diapers from big brands like Pampers, owned by Procter & Gamble, and Huggies, owned by Kimberly-Clark, continue to dominate the market. Amrita Saigal, founder and CEO of Kudos, is…

Jenna Ellis, a former campaign lawyer for President Donald Trump, has reached an agreement to assist Arizona prosecutors in their criminal cases against individuals accused of attempting to overturn the results of the 2020 presidential election, according to Arizona Attorney General Kris Mayes. In exchange for Ellis’s cooperation, prosecutors dropped nine felony charges against her, including wire fraud, forgery and conspiracy. The deal is intended to strengthen the case against the 17 remaining defendants. “This settlement marks an important milestone in our ongoing investigation,” Mayes said in a statement. “I appreciate Ms. Ellis’ willingness to assist in our prosecution efforts.”…