There’s a good reason why investors are amazed that something hasn’t broken in the economy yet: The last time US government bond yields climbed so far, so fast, the nation plunged into back-to-back recessions. The 10-year Treasury yield — a key baseline for the cost of money across the financial system — has jumped more … Read more
Billionaire investor Bill Ackman told The Wall Street Journal he would “absolutely” do a deal with X, the social media platform previously known as Twitter. Ackman’s novel investment vehicle, called a SPARC, got regulatory approval from the Securities and Exchange Commission on Friday. Ackman posts on X regularly, on a wide range of topics, including … Read more
Optimism in the markets faded as traders were left to contend with the prospect of a government shutdown and interest rates staying put at their highest in decades. US stock gauges and Treasury bonds notched their worst quarters since September, 2022, while the dollar logged its best as traders came to terms with the message … Read more