New York Fed’s Williams says yield surge due to strong economic prospects
New York Fed President John Williams said higher Treasury yields reflect a strong economy as he weighs whether another interest rate hike is needed.
Uber to cut 10% of workforce in bid to move ‘simpler and faster’
Uber is cutting small teams by nearly half and allowing about 1% of its workforce to continue working remotely.
Private payrolls rose by 38,000 in August, less than expected, ADP reports
Though job creation held positive, August was the smallest gain since January and reflective of a broader slowdown in the labor market.
Demand for riskier mortgages rises along with interest rates
Mortgage rates continue to rise, pushing some buyers to riskier, adjustable-rate loans in order to find savings. Rates are at the highest level since June 2025.
Zelenskyy says airlines should avoid Russian airspace, as Ukraine expands drone operations
Zelenskyy urged airlines to avoid Russian airspace, warning that expanding Ukrainian drone operations are making the skies increasingly unsafe.
Zelenskyy says airlines should avoid Russian airspace as Ukraine expands drone operations
Zelenskyy urged airlines to avoid Russian airspace, warning that expanding Ukrainian drone operations are making the skies increasingly unsafe.
China dissented from G20 statement opposing ‘cheap exports’ flooding market, Bessent says
Bessent is leading the Trump administration’s plan to choke off Iran’s economy by threatening its business partners with secondary sanctions.
Dell surges 9% after lifting fiscal 2027 forecast on AI server strength
Dell sees AI server revenue tripling in fiscal 2027. Six months ago, it was looking for the number to double.
House adopts measure condemning socialism ahead of November election
Republicans also inserted a call to pass the highly controversial voter-ID bill known as the SAVE America Act into the socialism resolution.
Bessent touts bond market as 10-year Treasury yield spikes
Treasury Secretary Scott Bessent downplayed short-term bond moves even as he touted the U.S. market, saying, “what happens over a month doesn’t matter.”
