10-year Treasury yield slips, adds to this week’s steep decline
The 10-year Treasury note yield slipped Friday, adding to its sharp downturn this week, as traders brace for possible Federal Reserve rate cuts next year.
Cruise is in danger of becoming GM’s latest trendy venture that doesn’t pay off
Cruise has quickly gone from one of GM’s greatest business opportunities to a massive liability.
Citigroup employees, on edge over layoffs, told they can work remotely until the new year
Citigroup employees worried about CEO Jane Fraser’s sweeping overhaul expressed concern over whether their jobs will exist in the new year.
Stocks making the biggest moves midday: Scholastic, Roku, Costco and more
These are the stocks posting the largest moves in midday trading.
How the escalating U.S.-China tech war could hurt American companies
The semiconductor industry has been caught in the crosshairs between the U.S. and China, two of the world’s largest economies.
Maersk to pause all container ship traffic through the Red Sea
A.P. Moller-Maersk will pause all container shipments through the Red Sea until further notice, a spokesperson for the company told Reuters on Friday.
Fed’s John Williams says the central bank isn’t ‘really talking about rate cuts right now’
New York Federal Reserve President John Williams said Friday rate cuts are not a topic of discussion at the moment for the central bank.
Major central banks diverge on when the first rate cuts will come
The West’s major central banks all kept interest rates unchanged in recent days, but struck very different tones on the market’s much-anticipated cuts in 2024.
Venezuela and Guyana pledge not to use force in bitter dispute over oil-rich territory
Venezuela and Guyana have agreed not to use force or threaten one another in their long-standing dispute over a vast border region with enormous oil reserves.
Prince Harry was phone-hacking victim, London court rules
The prince became the first senior British royal for 130 years to give evidence in court when he appeared as the star witness at a trial in June against Mirror Group Newspapers.
