Key California lawmakers said Thursday they’ve reached an agreement on legislation to enshrine net neutrality provisions in state law after the Federal Communications Commission dumped rules requiring an equal playing field on the internet. California’s bill is one of the nation’s most aggressive efforts to continue net neutrality, and the deal comes after a bitter […]
Read moreBiogen shareholders are rejoicing over a clinical trial’s positive results. Shares of the biotech company were up 15 percent Friday morning, a day after Biogen and Tokyo-based Eisai announced positive results from a Phase II study with BAN2401, an anti-amyloid beta protofibril antibody, in 856 patients with early Alzheimer’s disease. The stock move added $9.5 […]
Read moreCheck out the companies making headlines before the bell: Northrop Grumman – Northrop is pursuing a Japanese jet fighter contract that may put it in competition with US rival Lockheed Martin, according to sources who spoke to Reuters. Northrop had lost a competition against Lockheed for an Air Force stealth fighter jet nearly three decades […]
Read moreJune hiring is expected to be strong, but markets may find some relief if the Friday employment report contains a softer jobs number and squishy wage growth. The reason is the so-called yield curve has been quietly worrying the market, raising concerns that the Fed is moving too fast and the economy will not be […]
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For all the talk of a trade war and an eager-to-hike Fed, markets haven’t moved much this summer. The S&P 500 is now back to where it was in mid-May. Two key levels could bring about the next big swings on the S&P 500, says one market watcher. “On the resistance level it’s the 2,800 […]
Read moreRecord numbers of travelers are flying this summer, but airlines want to win over a tougher crowd: investors. Airline stocks have tanked while the broader market climbed to record highs this year as carriers’ fuel bills rose faster than demand for seats. The NYSE Arca Airline index, which tracks 15 carriers, is down more than […]
Read moreElon Musk is sending engineers from two of his companies to Thailand to assist in the rescue of a boys’ soccer team trapped in a cave. Musk, the CEO of electric car manufacturer Tesla, said on Twitter that engineers from his space exploration company SpaceX and tunneling firm The Boring Company would travel to Thailand […]
Read moreShares in Germany’s troubled Deutsche Bank jumped by 5 percent on Friday following a report in WirtschaftsWoche magazine that JPMorgan and Industrial and Commercial Bank of China may be interested taking a stake. The business weekly, citing sources in the regional government of North Rhine-Westphalia, also said Chancellor Angela Merkel had met Axel Weber, the […]
Read moreCurrency, United States Finance
The 10-year US Treasury yield will hit 3.75% by the end of this year, investment manager says
Investors should prepare for a near 1 percentage point increase on the U.S. 10-year sovereign bond yield before the end of 2018, according to one investment manager, who cited robust wage growth and tightening monetary policy. The 10-year U.S. Treasury note is a benchmark government bond that helps set prices for debt instruments all over […]
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Ketchup is reportedly the next target as Europe prepares new tariffs on the US
The European Union is preparing a new list of duties against the U.S. in case President Donald Trump moves ahead with tariffs on European cars, the Financial Times reported Friday citing anonymous officials in the region. The list, which is reportedly set to include duties worth 18 billion euros ($21.07 billion), will target staples like […]
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