Longer-dated Treasury yields rise as Bessent’s bond buyback rally fizzles out
Concerns over the Treasury Department’s debt repurchase program continue to weigh on markets.
Bitcoin surges 22% for the week as investor optimism floods back
The flagship digital currency has enjoyed a strong week boosted by several contributing factors.
Labubu maker Pop Mart shares fall as key ex-China sales data drop, Citi cuts price target
Pop Mart shares fall after announcing first-half earnings.
CNBC Daily Open: The ‘Bessent Bid’ wears off
In a CNBC exclusive, U.S. Treasury Secretary Scott Bessent says he could expand a bond buyback plan, but yields march higher despite the extraordinary action.
Goldman says hedge funds suffered worst underperformance vs S&P 500 in July in more than 20 years of data
Goldman says hedge funds suffered worst underperformance vs S&P 500 in July in more than 20 years of data.
‘Perfect storm’ brews for global food supply this winter as grain prices soar
Fears over crop yields and farmers’ ability to plant ahead of next year have come to the fore as wheat prices jump.
‘A delicate dance’: JD Vance says economic pressure is the best way to achieve Washington’s objectives in Iran
Vance said “what has been true over the last couple of weeks is they felt a lot more pressure than we have.”
Taiwan’s AI-fueled forecast of 11% GDP growth likely not sustainable, economists say
Taiwan’s economic growth could moderate due to its vulnerability to risks of capex slowdown, macroeconomic downturns, and concentration in semiconductors.
U.S. bond intervention is like ‘paying your mortgage with your credit card,’ JPMorgan’s Sullivan says
The U.S. government’s efforts to manage pressure in the Treasury market risk merely shifting the problem down the road, according to JPMorgan’s James Sullivan.
Chinese humanoid robots’ biggest obstacle: Humans are still (mostly) better
Humanoid robots still struggle to perform as efficiently as humans in most labor scenarios.
