TOKYO—The Bank of Japan should consider further steps to make its ultra-easy monetary policy more sustainable, such as steepening the yield curve by targeting a shorter maturity than the current 10-year yield, an International Monetary Fund executive said. Such a move would be on top of steps the central bank took in March last year…
Stocks, Yields Slide After US Jobs Report as Omicron Looms
NEW YORK—Global equities and benchmark U.S. bond yields tumbled on Friday in volatile trade after data showed U.S. job growth slowed considerably in November and the Omicron variant of the coronavirus kept investors on edge. Nonfarm payrolls increased by 210,000 jobs, the fewest since last December, but the unemployment rate plunged to a 21-month low…
Dollar Climbs for a 3rd Day as Short-End US Yields Rise
LONDON—The dollar tiptoed higher for a 3rd consecutive day on Friday since a surprisingly strong U.S. inflation print shocked markets and prompted investors to advance their bets on a U.S rate hike to as early as mid-2022. With short-dated U.S. Treasury yields edging higher—five-year bond yields rose to a February 2020 high—investors ramped up bets…
Stocks Run out of Steam on Regulation Worries, Higher Yields
LONDON—A flare up in U.S.–China tensions, signs of further regulatory crackdowns from Beijing, and a rise in short-dated U.S. Treasury yields doused the equity market rally on Wednesday, offsetting tailwinds from forecast-beating earnings on Wall Street. MSCI’s global equity benchmark is hovering close to Monday’s seven-week high and is on track for the best month…
World Stocks at 1-Month High as Bond Yields Soften
LONDON—World stocks climbed to a one-month high on Tuesday as a rally in technology shares and prospects of solid corporate earnings helped counter concerns about elevated inflationary pressures. Oil prices took a breather from their eye-catching rise in recent weeks while the worrying trend of flattening global government bond yield curves paused, helping investors recoup…
Rising Yields Lift Dollar as Oil Surges
LONDON/SYDNEY—World shares edged higher on Monday courtesy of gains in China, while rising Treasury yields lifted the dollar to a near three-year peak against the Japanese yen. Brent oil prices extended their bull run to reach ground last visited in late 2018, with gains across the energy complex stoking inflation concerns. “Higher energy prices, shortages…
Stagflation Fears Stalk Shares, Rising Yields Lift Dollar
LONDON—Stagflation jitters stunted growth in global shares on Monday, while bets that major central banks will tighten monetary policy pushed up bond yields and lifted the dollar to a near three-year peak against the Japanese yen. Brent oil prices extended their bull run to reach ground last visited in late 2018, with gains across the…
Surging Oil Prices Lift Material, Energy Stocks on Wall Street
NEW YORK/LONDON—Oil prices surged again on Monday to multi-year peaks, giving a fillip to materials and energy shares and helping U.S. stocks to reverse early declines as investors looked past stagflation risks for now. U.S. crude jumped 2.28 percent to $81.16 per barrel, a level not seen since late 2014, and Brent rallied 1.9 percent…
Stocks Slip, Bond Yields Bounce as Oil Fuels Inflation Angst
HONG KONG―From Europe to Asia, shares fell and government bond yields rose on Wednesday as oil prices hit their highest in seven years, fuelling concerns about rising inflation. The Euro STOXX 600 fell 1.8 percent, denting gains made in its best day in 11 weeks on Tuesday, with tech stocks down more than 2 percent…
Nasdaq Ends Sharply Lower; Rising Treasury Yields Sink Big Tech
Wall Street ended sharply lower on Monday (Oct. 4) as investors dumped Big Tech and other growth stocks in the face of rising Treasury yields, while concerns about a potential U.S. government debt default also fed caution. Apple, Microsoft, Amazon, and Alphabet, the U.S. stock market’s four most valuable companies, each dropped more than 2…
US News
- Ross MuscatoSince the Dec. 12, 2012, massacre of 20 children and six educators at Sandy Hook Elementary School in Connecticut, the state has passed several laws to restrict and make it… [...]
- Ryan MorganThe campaign video Rep. Adam Schiff (D-Calif.) released to announce his 2024 Senate campaign became the subject of an ethics complaint within a single day. On Thursday, Schiff announced he… [...]
- Amy GammFive Republican members of Congress from New York sent a letter to President Joe Biden on Wednesday, demanding transparency about his administration’s “secrecy” involving migrant relocation operations and expressing outrage… [...]
- City News ServiceThe Los Angeles City Council tentatively voted Jan. 27 to provide tenants who are behind on their rent with a one-month grace period prior to their landlord beginning eviction proceedings,… [...]
- Lear Zhou, Jason BlairSAN FRANCISCO—Hundreds of community members gathered in Portsmouth Square in San Francisco on the evening of Jan. 26 to commemorate the victims of two recent mass shootings in California and… [...]
- City News ServiceSAN DIEGO—A Chula Vista man who blew up two ATMs in an attempt to steal the money inside was sentenced Jan. 27 to more than 11 years in federal prison.… [...]
- Caden PearsonFormer Vice President Mike Pence on Friday acknowledged his responsibility for classified documents found at his residence in Indiana and pledged to participate in any investigation into the matter. Pence… [...]
- Joseph M. HannemanA California doctor who treated the mortally wounded Ashli Babbitt after she was shot outside the House of Representatives on Jan. 6, 2021, was arrested by the FBI on four… [...]
- Bill PanThe State Bar of California is moving to disbar attorney and former law professor John Eastman for supporting President Donald Trump’s efforts to challenge the 2020 election results. In a… [...]
- Jack BradleyOrange County Sheriff’s officials announced Jan. 26 that “rainbow” fentanyl was found for the first time in the department’s jurisdiction. Deputies confiscated 14,000 multi-colored fentanyl pills along with 2 kilograms… [...]