TLT ETF slumps as US debt nears $40 trillion, 30-year yield jumps
The popular iShares 20+ Year Treasury Bond ETF (TLT) has slumped into a correction as its outflows rose and as long-term US bond yields rose. It is also under pressure…
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Category: Business
US jobs report: Payrolls fall unexpectedly in July by 23,000; Fed rate hike bets ease
The US labor market unexpectedly contracted in July, with nonfarm payrolls posting their first monthly decline in years as hiring weakened across several sectors, reinforcing concerns that employment momentum is…
Trump’s $100 billon tariff refund may leave consumers paying the final bill
The US government has returned about $100 billion to businesses that paid Donald Trump’s “Liberation Day” tariffs. The amount includes duties and interest and covers more than half of the…
SpaceX hit by surging AI costs as insiders prepare to sell their shares
For a rocket company, SpaceX is spending a lot of money to build out its AI capacities. Too much, according to investors. The company reported revenue in its first quarterly…
RBI keeps repo rate unchanged at 5.25% as volatile oil prices cloud inflation outlook
The Reserve Bank of India (RBI) on Wednesday kept its benchmark repo rate unchanged at 5.25% and retained its neutral monetary policy stance, choosing to wait for greater clarity on…
ADP report: US private employers added 44,000 in July, well below forecasts
Hiring at US private companies slowed sharply in July, with healthcare accounting for the bulk of new jobs as employers adopted a more cautious approach to recruitment amid shifting economic…
Why Trump turned on Chevron and Exxon despite backing Big Oil
US President Donald Trump on Monday accused ExxonMobil and Chevron of making excessive profits from elevated fuel prices and urged the country’s largest oil companies to lower gasoline prices for…
Forever war fears mount as experts urge Trump to ‘admit it was a mistake’ on Iran
Top analysts are warning that PresidentTrump risks getting drawn into a forever war, as his options on Iran narrow following his recent flip-flop. These analysts are arguing that Trump lacks…