Celsius co-founder Daniel Leon resigns
[ad_1] S. Daniel Leon, co-founder and chief strategy officer of Celsius, has left the firm just a week after chief executive Alex Mashinsky declared his departure. “We confirm that Daniel…
Pound climbs, U.K bond yields fall again on expectations U.K.’s Kwarteng will speed up debt-cutting plans
[ad_1] The British pound rose and gilt yields fell a second day after reports that U.K. Chancellor Kwasi Kwarteng will publish debt-reducing plans early, a day after a U-turn over…
Justice Department wants its appeal in Trump documents case to be fast tracked
[ad_1] The Justice Department is seeking to fast-track its appeal of a ruling that delayed its investigation into documents seized at former President Donald Trump’s Mar-a-Lago home, making clear that prosecutors aren’t done challenging…
Dow futures rise 200 points as another rough quarter concludes
[ad_1] U.S. stock futures on Friday were pointing to a positive end to another difficult quarter, with key inflation data and Fed speeches set to come. What’s happening Futures on…
Former Bank of England chief says new government has undercut other institutions
[ad_1] Former Bank of England Gov. Mark Carney said the U.K. government was undercutting other institutions. In an interview with the BBC, Carney said the tax cuts unveiled by Chancellor…
Midterm elections: Republicans’ chances for taking control of Senate rebound to 45%, a level last seen 7 weeks ago
[ad_1] The Republican Party’s chances of taking control of the U.S. Senate in November’s midterm elections have been bouncing back, with betting market PredictIt putting them at 45% on Monday — a…
White House considering departure of Treasury chief Janet Yellen after the midterms, report says
[ad_1] The White House is weighing up the potential departure of Treasury Secretary Janet Yellen after the midterms, according to a published report. Axios reported, citing people familiar with the…
IMF scolds U.K. on fiscal plan that has upset financial markets
[ad_1] The International Monetary Fund on Tuesday afternoon weighed in on the massive tax-cut package and other measures at the heart of a U.K. government fiscal plan that sank the…
Consumer confidence jumps to five-month high thanks to falling gas prices
[ad_1] The numbers: Americans feel a lot better because of falling gas prices: A survey of U.S. consumer confidence jumped to a five-month high of 108 in September. The strong…
Chicago Fed president defends dot plot as he says interest-rate plateau may be warranted next year
[ad_1] Chicago Fed President Charles Evans on Tuesday gave a spirited defense of the dot plot as he said rates may need to plateau next year. Speaking at the Official…
Russian stocks tumble to their weakest level since 2017 amid reports of possible new sanctions
[ad_1] Russian stocks sank on Monday to levels not seen since 2017, weighed down by a global market selloff, threats of more sanctions and signs of continued unrest after last…
U.K. gilt yields surge, with 10-year moving past 4%, as investors bet on aggressive Bank of England action to tame tax cuts
[ad_1] U.K. bond yields surged on Monday for a second day, as investors bet the Bank of England will have to take aggressive action to offset the impact of surprisingly…
Mark Cuban: Gen Z is the ‘greatest generation’ while boomers are ‘disappointing’
[ad_1] Billionaire entrepreneur Mark Cuban loves Generation Z. Cuban says he believes that Gen Z, those born roughly between 1995 and 2010, will go down as the “greatest generation” because…
Here’s why investors can forget a Santa Claus rally for the stock market this year, according to Citigroup
[ad_1] “This year, Santa may not deliver.” That was the humbug assessment from Citigroup’s global asset allocation team, who predicted Wall Street is unlikely to see a late-year bounce because…
Jobless claims edge up to 213,000 but still show strong labor market and few layoffs
[ad_1] The numbers: The number of people who applied for unemployment benefits last week rose by 5,000 to 213,000, but new jobless claims are still quite low and reflect strong…
Yen rallies after Japan unilaterally intervenes for first time in 24 years
[ad_1] The dollar dropped sharply against the Japanese yen on Thursday, in the first intervention to support its currency since 1998, after the Bank of Japan bucked the trend of…
Mitch McConnell on Trump: ‘I’m done with him. I will never speak to him again.’
[ad_1] Senate Minority Leader Mitch McConnell and former President Donald Trump did not leave things on good terms. According to the upcoming book “Unchecked: The Untold Story Behind Congress’s Botched…
Bond yields pull back from 11-year highs ahead of Fed decision
[ad_1] Bond yields fell on Wednesday ahead of an expected rate hike by the Federal Reserve and as investors sought havens amid heightened geopolitical tensions. What’s happening The yield on…
Biden to promote bill requiring super PACs to disclose donors
[ad_1] President Joe Biden on Tuesday is scheduled to deliver remarks on a bill that would require super PACs and other groups to disclose their donors. The Senate plans to…
2-year Treasury yields briefly tops 4% as Fed decision awaits
[ad_1] The yield on the 2-year Treasury briefly surpassed 4% on Tuesday as the Federal Reserve readies another big interest-rate hike. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y,…
2-year Treasury yield marches toward 4%, 10-year yield highest since 2011
[ad_1] Treasury yields were higher Monday, led by the 2-year rate, and adding to last week’s big surge ahead of Wednesday’s Federal Reserve interest-rate decision. The policy-sensitive 2-year yield moved…
Germany economics minister says natural gas storage nearly at 90%, but will be ’empty’ after winter
[ad_1] Germany’s economy minister reaffirmed on Monday that the country’s effort to get its natural gas storage tanks is going well, but that’s just enough for one winter. “If everything…
‘The pandemic is over,’ Biden says on ’60 Minutes’
[ad_1] ““The pandemic is over.”” “The pandemic is over,” President Joe Biden declared in a “60 Minutes” interview that aired Sunday. “We still have a problem with COVID. We’re still…
2-year Treasury yield’s rise keeps curve deeply inverted as investor unease deepens
[ad_1] The yield on the 2-year U.S. Treasury note climbed for a seventh straight trading session on Friday and inched further above its highest levels in almost 15 years, as…
U.S. stock futures turn lower after railway strike averted and ahead of retail sales data
[ad_1] U.S. stock index futures turned lower Thursday ahead of the release of data on August retail sales, regional manufacturing and weekly unemployment claims, after a tentative deal to avoid…