10-year Treasury yield hits its highest level since 2007 as jobless claims decline
U.S. Treasury yields climbed on Thursday, with the 10-year and 2-year yields reaching levels last seen over a decade ago.
Here’s everything Microsoft announced at its Surface and Copilot event in New York
Microsoft announced fresh AI capabilities for advertisers, along with new Surface PCs and a Windows update.
House recesses after Defense bill, government funding plan implode
House Speaker Kevin McCarthy sent members home for the weekend after a bill to fund the Pentagon and a plan to vote on government funding both imploded.
Cisco makes largest ever acquisition, buying cybersecurity company Splunk for $28 billion in cash
Cisco said it was acquiring cybersecurity software company Splunk for $157 a share in a cash deal worth about $28 billion.
The U.S. dollar just formed a ‘golden cross,’ which could cause trouble for the rest of the globe
The latest leg higher for the dollar comes after the Federal Reserve signaled its plan for “higher for longer” interest rates on Wednesday.
Bank of England ends run of 14 straight interest rate hikes after cooler-than-expected inflation
The Bank of England on Thursday ended a run of 14 straight interest rate hikes after new data showed inflation is now running below expectations.
Turkey’s central bank hikes interest rate to 30%
The move is a 500 basis point jump from the month prior, as Ankara continues to battle double-digit inflation.
Saudi crown prince says Israel diplomatic normalization closer every day
Prince Mohammed dismissed reports that the two countries had suspended talks.
India suspends visa services for Canadians, demands parity in diplomatic staffing as bilateral crisis deepens
Canada is currently investigating “credible allegations” that New Delhi orchestrated the extra-judicial slaying of Sikh separatist Hardeep Singh Nijjar in June.
Dow tumbles more than 300 points to notch third day of losses amid fears of higher rates, government shutdown
Stocks fell, deepening losses for the week, as yields climbed to multiyear highs amid the Fed’s plan to keep interest rates at higher levels for longer.
