Recent movements in U.S. Treasury yields have sparked speculation about the potential impact of the upcoming presidential election. Following the debate between President Joe Biden and Republican challenger Donald Trump, analysts at Yardeni Research noted a significant increase in the benchmark U.S. 10-year Treasury yield. Despite expectations of a decrease in inflation, the yield climbed
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The aftermath of President Joe Biden’s performance against Donald Trump in the presidential debate has triggered a recalibration in the U.S. bond market. As investors reassess their positions, there is growing speculation that yields will remain elevated heading into the upcoming presidential election. The surge in the benchmark 10-year yield post-debate highlights the market’s response
A gory Hindi action film, “Kill,” is set to open on 827 screens through Roadside Attractions, marking the distributor’s initial venture into the realm of Indian cinema. The movie comes at a time when Indian films are experiencing heightened popularity in North America, with two recent films making their way into the top 10 box
The semiconductor industry is currently facing a myriad of challenges in recruiting skilled workers amid a tight labor market. As the competition for talent continues to intensify and funds from the CHIPS and Science Act are allocated to boost domestic production, companies in the industry are finding it increasingly difficult to find qualified individuals to
The cryptocurrency market took a hit as bitcoin prices dropped by 5%, reaching their lowest level since February. Companies tied to bitcoin, such as Coinbase and MicroStrategy, saw a 5% decrease in premarket trading. Miners like Iris Energy and CleanSpark also experienced significant drops in their stock prices, with Marathon Digital and Riot Platforms falling
The wholesale prices in Japan are expected to have accelerated in June, primarily due to a combination of factors such as a weak yen, increased commodity import bills, and rising transportation costs. These elements are contributing to cost-push inflation pressures on the economy, which heavily relies on international trade. According to a poll of 17
Canada has recently made a significant announcement regarding the mining industry, specifically targeting deals involving the country’s critical minerals producers. Industry Minister Francois-Philippe Champagne has emphasized that any major deals in this sector would only be approved under the most exceptional circumstances. This decision comes following the approval of Glencore’s acquisition of Teck Resources’ steelmaking
The stock of Samsung Electronics reached its highest level since January 2021 following the announcement of better-than-expected profits for the second quarter. The South Korean tech giant saw an increase in its stock price by as much as 2.24% on Friday morning, trading at 86,500 Korean won ($62.73) according to LSEG data. This surge came
Samsung Electronics has estimated a remarkable more than 15-fold increase in its second-quarter operating profit, indicating a significant rebound in its financial performance. This surge in profit can be attributed to the rise in semiconductor prices, driven by the artificial intelligence boom, which has substantially boosted earnings compared to a low base in the previous
Japanese household spending took a hit in May, as government data revealed an unexpected 1.8% contraction compared to the same period last year. This decline was significantly lower than the market forecast, which had predicted a 0.1% increase. The rise in food prices played a significant role in dampening consumer spending on other items, highlighting
The stars of Deadpool & Wolverine, Ryan Reynolds and Hugh Jackman, along with director Shawn Levy, recently embarked on an overseas promotional tour, starting in Shanghai. The trio met with a packed house in Shanghai after showing 35 minutes of the movie. They shared behind-the-scenes stories about the project, which reportedly elicited constant laughter and
Private equity investment in women’s soccer is changing the landscape of the game, providing a new avenue for growth and development. While other major U.S. sports leagues have allowed private equity investors to take passive, minority stakes, the National Women’s Soccer League (NWSL) is leading the way by allowing these firms to take majority control
The performance of hedge funds in the first half of the year has been a mixed bag. While some multi-strategy and systematic funds have seen significant gains, macro funds like Caxton Associates and Brevan Howard have faced challenges. Andrew Law’s Caxton Associates, which focuses on macro economics, finished last month flat after a 4% gain
The recent $2.65 billion deal between Saks Fifth Avenue parent HBC and department store chain Neiman Marcus is a strategic move to boost their negotiating power with vendors and enhance their ability to control costs. In the midst of a luxury retail market grappling with slowing demand due to high interest rates and inflation, this