Treasury yields turn higher across the board as traders continued to digest the FOMC statement. The 2-year rate TMUBMUSD02Y, 0.497% rose to 0.466%, while the 10-year rate TMUBMUSD10Y, 1.592% climbed to 1.59% and the 30-year rate TMUBMUSD30Y, 1.987% was around 1.99%. This article was originally published by Marketwatch.com. Read...
Top House Democrats Nancy Pelosi and Richard Neal on Wednesday said they were putting a provision on paid family and medical leave back into the Build Back Better Act, their party's $1.75 trillion social-spending bill. Last week, paid leave was among the items axed from the sweeping measure, as...
Wells Fargo & Co. WFC, +1.25% materially negatively changed the language on potential regulatory issues in its third-quarter 10-Q filing, according to JPMorgan analyst Vivek Juneja. For the most recent quarter, the bank said it is "likely to experience issues or delays along the way" in satisfying regulators. Past...
Privately run U.S. businesses likely created 395,000 new jobs in October, according to economists surveyed by The Wall Street Journal. Large payroll processor ADP will release the report at 8:15 a.m. Eastern. Hiring has slowed sharply since early summer owing to the biggest labor shortage in decades. Millions...
Gold futures ended lower on Tuesday with investors awaiting Wednesday's Federal Reserve decision on monetary policy. "With the Fed probably announcing a taper tomorrow and maybe even laying the groundwork for rate hikes later next year, in keeping with hawkish shifts from central banks around the world in...
U.S. oil futures settled lower on Tuesday as traders weighed the potential outcome of a meeting of the Organization of the Petroleum Exporting Countries and their allies later this week. OPEC+ is expected to increase production by another 400,000 barrels a day this month, but "there is some...
President Joe Biden on Tuesday indicated that his administration is getting closer to announcing a decision on whether Federal Reserve Chairman Jerome Powell will stay on as head of the U.S. central bank. In response to a question at a news conference, Biden said an announcement will come "fairly...
Major stock indexes booked another round of record finishes Tuesday, a day ahead of a pivotal Federal Reserve decision. The Dow Jones Industrial Average DJIA, +0.39% rose around 139 points, or 0.4%, to close near 36,053, according to preliminary figures, ending above the 36,000 milestone for the first time....
The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 3.6 million barrels for the week ended Oct. 29, according to sources. The API also reportedly showed an inventory decline of 552,000 barrels for gasoline, but distillate stockpiles edged up by 573,000 barrels. Crude stocks at...
Shares of Cardlytics Inc. CDLX, -3.89% rose 11% in the extended session Tuesday after the ad platform company reported a narrower-than-expected quarterly loss and sales were above expectations. Cardlytics said it lost $44.5 million, or $1.35 a share, in the third quarter, compared with a net loss of $15.4...
