U.S. Treasury yields drifted lower on Thursday morning, ahead of the release of weekly jobless claims and monthly retail sales data. The yield on the benchmark 10-year Treasury note fell to 1.617% at 3:40 a.m. ET. The yield on the 30-year Treasury bond dipped to 2.297%. Yields move inversely to prices. Treasurys The Labor Department
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Construction worker make infrastructure repairs on the intersection of Church Avenue and Coney Island Avenue in the Flatbush neighborhood of Brooklyn borough on April 06, 2021 in New York City. Michael M. Santiago | Getty Images The setting for 2021 seems clear: A powerful growth trajectory fueled by an influx of government spending as the
America’s temporary pause in the use of Johnson & Johnson‘s single-dose Covid-19 vaccine will not interfere with President Joe Biden‘s goal of getting the nation to some semblance of normalcy by Independence Day, the dean of Brown University’s School of Public Health said Tuesday. “I think this is going to be a blip on the
White House Press Secretary Jen Psaki delivers remarks during a press briefing at the White House in Washington, February 8, 2021. Carlos Barria | Reuters The Biden administration is not considering a hike to the federal gasoline tax as a way to help pay for its landmark infrastructure proposal, according to the White House’s top
Minnesota law may save the police officer who fatally shot 20-year-old Daunte Wright during a traffic stop from being charged with a crime, Civil Rights attorney David Henderson said Monday. “I think the officer should have been fired immediately because there are points of no return with regard to making mistakes on your job, but
President Joe Biden holds a meeting with US Senators about infrastructure improvements in the Oval Office of the White House in Washington, DC, February 11, 2021. Saul Loeb | AFP | Getty Images President Joe Biden said Monday that he is ready to bargain with lawmakers about changes to his more than $2 trillion infrastructure
View of Corporate and Research and Development Headquarters of Regeneron Pharmaceuticals on Old Saw Mill River Road in Tarrytown, New York. Lev Radin | LightRocket | Getty Images Regeneron Pharmaceuticals said Monday it will ask the Food and Drug Administration to allow its Covid-19 antibody therapy to be used as a preventative treatment. The therapy,
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, December 1, 2020. Susan Walsh | Pool | Reuters The U.S. economy is at a turning point thanks to government support and a speedy campaign to inoculate Americans against Covid-19,
In this article FB Chris Cox Asa Mathat | Re/code Facebook Chief Product Officer Chris Cox got paid approximately $69 million to rejoin the social media company in 2020. Cox rejoined Facebook in June 2020 after a more than one year hiatus away from the company. Cox is a key moral leader at Facebook and
Space is the place, and Ark Invest is moving in. The investment firm led by Cathie Wood has seen over half a billion dollars flow into the Space Exploration and Innovation ETF (ARKX) it launched on March 30, with some analysts suggesting it could cross $1 billion in assets in a matter of days. Some
Georgia Gov. Brian Kemp praised the Augusta National Golf Club for not caving to the political pressures that have befallen the state recently. “I personally applaud the Masters for not getting involved in politics,” Kemp told CNBC’s Seema Mody in an interview that aired Friday, noting there are “growing calls by activists that are trying
In this Feb. 24, 2021, file photo provided by the Michigan Office of the Governor, Gov. Gretchen Whitmer addresses the state during a speech in Lansing, Mich. Gov. Whitmer signed at least $2.5 billion in COVID-19 relief spending Tuesday, March 9, 2021, while vetoing $650 million after Michigan Republicans did not negotiate with her and
Former police officer Derek Chauvin’s lawyers took the wrong approach when cross-examining the prosecution’s expert witness, Civil Rights attorney David Henderson said Thursday. “They did not do any damage,” Henderson told CNBC’s “The News with Shepard Smith.” “You don’t try to arm wrestle with a gorilla. This doctor is very clearly qualified, he knows more
Jennifer Weisselberg speaks with NBC News said about her former father-in-law, Allen Weisselberg, the company’s CFO. NBC News The former daughter-in-law of Trump Organization Chief Financial Officer Allen Weisselberg on Thursday turned over financial records to investigators working for Manhattan District Attorney Cyrus Vance Jr. in response to a grand jury subpoena, The Washington Post
In this article AMZN People protest in support of the unionizing efforts of the Alabama Amazon workers, in Los Angeles, California, March 22, 2021. Lucy Nicholson | Reuters More than 3,200 ballots were cast in a high stakes union election at one of Amazon’s Alabama warehouses, according to the Retail, Wholesale and Department Store Union.
In this article UBER Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber said Wednesday it will spend $250 million on a one-time stimulus aimed at getting drivers back on the road, as states begin to pull back
The Centers for Disease Control and Prevention should have updated its guidelines on cleaning household surfaces well before this week, the dean of Brown University’s School of Public Health said Tuesday. “It’s incredibly frustrating,” Dr. Ashish Jha told CNBC’s “The News with Shepard Smith.” “I think I was starting to say by last April and
Lynne Patton, event planner and Head of Region II for HUD, looks on as New York City Mayor Bill de Blasio and Ben Carson, Secretary of Housing and Urban Development (HUD), take questions after signing a ceremonial agreement between the federal government and the City of New York intended to correct mismanagement of the New