US News

U.S. government debt prices were higher Tuesday morning after Federal Reserve Chairman Jerome Powell emphasized the prolonged uncertainty facing the U.S. economy, as coronavirus cases soar in numerous states. At around 2:05 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6283% and the yield on the 30-year Treasury bond was down at 1.3780%. Yields move
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Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019. Sarah Silbiger | Reuters Federal Reserve Chairman Jerome Powell said big questions remain over the outlook for the economy, particularly in light of ongoing efforts to contain the coronavirus pandemic. In
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U.S. government debt prices were lower Monday morning as risk-on sentiment sought a rebound, after record new coronavirus cases tempered optimism over an imminent economic recovery. At around 2:45 a.m. ET, the yield on the benchmark 10-year Treasury note was higher at 0.6512% and the yield on the 30-year Treasury bond rose to 1.3845%. Yields move inversely to prices. The
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Spirits giant Diageo said Saturday it will be pausing paid advertising globally on “major social media platforms” beginning in July.  The company, which is the maker of Johnnie Walker, Smirnoff and Guinness, said it will “continue to discuss with media partners how they will deal with unacceptable content.” The company didn’t immediately return requests for comment on
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Zachariah Reitano Courtesy of Roman While stuck at home during the pandemic, consumers are buying more Viagra, birth control, hair-loss treatments and many other medications over the internet. Ro is looking like one of the big winners. Ro, a start-up that says its product suite spans “diagnosis to delivery,” has reached record revenue for four
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U.S. government debt yields fell on Thursday amid concerns of a resurgence in Covid-19 infections in the United States with California, Texas and Florida seeing record numbers of new cases. On the data front, there will be personal income, consumer spending and core PCE (personal consumption expenditure) prices at 8.30 a.m. ET, and consumer sentiment
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Life Time Fitness CEO Bahram Akradi on Thursday said that the gym industry could see a “small degradation” as more people opt for at-home workouts, although gymgoers will still return to their clubs once Covid-19 restrictions are lifted.  “I think that a small degradation is possible,” Akradi told CNBC’s “Squawk on the Street.” “While the workout
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U.S. government debt prices were lower Monday morning as investors monitored a rise in new coronavirus cases across the U.S., jeopardizing hopes of a quick economic recovery. At around 2:20 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6921% and the yield on the 30-year bond fell to to 1.4569%. Yields
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