The Tell: With the 10-year Treasury topping 4%, ‘it’s time to start dipping your toes in,’ says Wamco
With or without a recession, yields on long-term U.S. government debt look attractive, says Molly Schwartz, portfolio manager at Western Asset Management.
The Ratings Game: Best Buy joins list of retailers giving cautious outlook, citing pressure on consumer electronics
The consumer-electronics industry is feeling the effects of the broader macro environment, according to Best Buy.
Metals Stocks: Gold ends lower after 3-day winning streak as U.S. dollar climbs
Gold prices finish with a loss on Thursday, following a three-day winning streak, as strength in the U.S. dollar weighed on the yellow metal.
Market Extra: The secret to stocks’ success so far in 2023? An unexpected $1 trillion liquidity boost by central banks.
Central banks have pumped around $1 trillion in liquidity into the market in 2023, belying a focus on plans by the Fed and others to...
Earnings Results: Shopping at Kroger can be 4-times cheaper than eating out, CEO says
A consumer looking for more ways to save money helped Kroger beat profit expectations and provide an upbeat outlook.
The Fed: Fed’s Bostic says he’s firmly in quarter-point rate rise camp
Atlanta Federal Reserve President Raphael Bostic on Thursday said he is firmly in the camp that supports quarter percentage point interest rate hikes, saying that...
Market Extra: How much higher? What’s next as 10-year Treasury yield moves solidly above 4%
Signs of continued U.S. labor market strength plus persistent inflation abroad were all it took for bond markets to push up rate expectations once again.
: ‘The incredible affordability challenges of the last year have hit minority home buyers’: Black American homeownership rates languish far below 50%
Homeownership rates have risen over the past decade, but Black households are still falling behind — and the problem may worsen with affordability challenges.
Living With Climate Change: Gas stoves: Safety group pushes health testing, appliance upgrades over outright ban
The Consumer Product Safety Commission, which sparked a gas-stove outrage earlier, says it has no regulations or bans in the works. It does want more...