Two-Year U.S. Treasury Yield Reaches New Multi-Year High
The two-year yield touched 4.744%, its highest intraday yield since July 2024, as markets grew more confident the Federal Reserve could raise interest rates to fight inflation.
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U.S. Stocks Mixed as Inflation Trepidation Offsets AI Optimism
U.S. stocks ended mixed as inflation and Middle East war trepidation offset optimism about the artificial-intelligence boom.
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Why OpenAI's Economist Is Bullish on Humans
As more workers treat AI like a true assistant, productivity will rise and boost economic growth. Plus, outside-the-box ways to predict company performance.
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New Report on SVB Collapse Pins Blame on Fed's Own Regulators, Fed Official Says
The report, commissioned by Trump ally Michelle Bowman, blamed bank-supervision staff in the Biden era.
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Oil Futures Fall for Third Day on Easing Supply Concerns
Oil futures fell, with market concerns about Saudi Arabia supply disruptions tempered by expectations that some flows could soon be restored through the kingdom's damaged East-West Pipeline.
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U.S. Leading Indicators Ticked Down in August
The Conference Board's Leading Economic Index fell by 0.1% to 99.5 as consumer expectations remained a significant strain.
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Week Ahead for FX, Bonds: U.S. PMI Data, Various Central Bank Decisions in Focus
Provisional purchasing managers' surveys measuring activity in the U.S. manufacturing and services sectors during September are due on Wednesday.
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Trump to Announce Medicaid Drug Pricing After Pharma Deals
Drug companies had incentives to participate in the deals to stave off the threat of U.S. tariffs on their products.
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U.S. Industrial Production Unchanged in August
Production held flat last month after rising in July and June. Analysts polled by The Wall Street Journal expected a 0.3% increase.
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Bank of Japan Raises Rates, Making U.S. Less Alluring for Tokyo Investors
The yen weakened as two members of the bank's board suggested future rate rises might come more slowly than anticipated.
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Failure of Clarity Act Turns Crypto Industry Focus to Federal Regulators
EXCLUSIVE: The act's failure to progress leaves regulation of the cryptocurrency industry in the hands of government agencies and vulnerable to interpretation as administrations change, analysts said.
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The U.S. and China Want AI Guardrails. But Their Ideas Couldn't Be More Different.
American dialogue has centered on protecting humanity from the technology, while Beijing is chiefly concerned with safeguarding the Communist Party.
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How Warsh Raised Rates Without Drawing Trump's Ire
The new Fed chairman's close relationship with the president gave him room to move without prompting a White House backlash.
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U.K. Retail Sales Climbed Despite Inflation Pickup
Retail sales rebounded in August, helped by online sales, as consumers shrugged off recently rising inflation.