Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The race is underway to find a vaccine that can control African swine fever, a highly contagious and deadly viral infection ravaging China's hog population. There is currently...Agricultureread more
The U.S. dollar index traded at a more-than one-week highs on Thursday as Treasury yields traded near multiyear highs, after minutes from the Federal Reserves September meeting showed that Fed policy makers are largely united on the need to raise borrowing costs further.
That came despite U.S. President Donald Trump's view that interest rate hikes have already gone too far. Benchmark 10-year Treasury yields jumped to 3.21 percent, before slipping. The two-year note yield rose to its highest level in more than a decade, breaking above 2.9 percent.
The Treasury market leaked higher in yield yesterday following the FOMC minutes, and that got a bit of attention, said Brian Daingerfield, a macro strategist at NatWest Markets in Stamford, Connecticut.
"For the broader dollar, the interplay is how does the dollar trade relative to whats going on interest rates and whats going on in the broader risk environment? Daingerfield said.
The dollar index measuring the greenback against a basket of currencies gained 0.38 percent on the day to 95.94, around its highest level since Oct. 9.
China's currency traded near a three-month low against the dollar at 6.9490 yuan per dollar, after a semiannual report by the U.S. Treasury refrained from naming China a currency manipulator but showed concern about yuan depreciation.
"Of particular concern are China's lack of currency transparency and the recent weakness in its currency," said Treasury Secretary Steven Mnuchin.
The yuan's moves over the coming six months, the U.S. explicitly noted that it stands ready to name China in its April 2019 report, Citigroup analyst Calvin Tse said in a report.
Deutsche Bank strategists termed the Treasury report "as a bit of an escalation without being too dramatic."