UBS announced a net profit of $1.4 billion for the second quarter of 2019.Earningsread more
Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
Michael Kugelman from the U.S.-based Wilson Center says other issues take precedence in the bilateral dialogue between the United States and Pakistan — namely, Afghanistan and...Asia Politicsread more
Beijing says it can still meet its 2019 growth target of between 6% and 6.5% and continues to roll out stimulus measures to prop up activity. China set a 2019 industrial...China Economyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Stocks in Asia Pacific edged up on Tuesday, as investors await closely-watched central bank meetings in the coming days.Asia Marketsread more
More than half of Venezuela's 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout the government blamed on an...World Politicsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
U.S. government debt yields rose Tuesday as investors monitor the latest batch of economic data reports and Treasury auctions.
At around 3:29 p.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.43%, while the yield on the 30-year Treasury bond was also up at around 2.845%.
Market participants are likely to closely monitor speeches from policymakers at the U.S. central bank. Chicago Fed President Charles Evans and Boston Fed President Eric Rosengren are both set to comment on the world's largest economy at separate events on Tuesday.
The speeches come after Fed Chairman Jerome Powell said Monday that rising levels of corporate debt did not pose an immediate threat to the financial system.
"Business debt does not present the kind of elevated risks to the stability of the financial system that would lead to broad harm to households and businesses should conditions deteriorate," Powell said in prepared remarks. "At the same time, the level of debt certainly could stress borrowers if the economy weakens."
Minutes from the Fed's latest meeting are set for release Wednesday.
The central bank said earlier this month that it would keep interest rates unchanged, though Powell added in a press conference that officials saw a decline in inflation in the first quarter as temporary.
"We think our policy stance is appropriate at the moment and we don't see a strong case for moving in either direction," Powell said on May 1. "We say in our statement of longer-run goals and monetary policy strategy that the Committee would be concerned if inflation were running persistently above or below 2%."