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British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
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Strategist Robert Buckland says global stocks have gained 7% on an annualized rate since 2010, which how much dividends have gone up in that time.Marketsread more
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Chinese government-aligned experts are stressing that the U.S. will need to negotiate a trade agreement with Asia's largest economy.China Economyread more
Under-the-radar hedge-fund managers beating the market are betting on big comeback stories General Electric and PG&E, as well as Biogen.Marketsread more
Looking at the bond market in the past week, it might appear from the rising yields that the Fed is getting close to hiking rates.
The 10-year Treasury note yield was as high as 1.93 percent Tuesday, up from 1.78 percent a week ago. The 2-year note yield rose to 0.86 percent, from 0.76 percent last week.
But the view on Wall Street does not reflect these rising yields. Many economists say the Fed is still months away from a rate hike, and fed funds futures show low expectations for a hike this year. Add to that the economic data lately have been softer than expected.