US Treasury yields rise after Trump signs Covid relief bill
U.S. bond prices fell on Monday morning after President Donald Trump signed a $900 billion Covid-19 relief bill into law. The yield, which has an inverse relationship to the price, on the 10-year Treasury note rose to 0.9514%. While on...
Is a $300 unemployment boost a disincentive to work? Covid relief bill revives anxiety
Bill Clark | CQ-Roll Call, Inc. | Getty Images $600 a week When Congress issued a $600-a-week boost to unemployment benefits in the spring, as part of the CARES Act, the backlash was swift and fierce. The goal of the...
Stocks making the biggest moves midday: Apple, Alibaba, Nikola, Macy’s & more
Check out the companies making headlines in midday trading. Nikola — Shares of the electric vehicle company shed 8.5% as the stock continued its slide after the announcement of the end of a garbage truck development deal with Republic Services....
Sterling near 2-½ year highs as UK and EU clinch Brexit breakthrough
LONDON — The British pound traded near 2-½ year highs on Thursday as investors reacted to the U.K. and the European Union striking a long-awaited Brexit trade deal. Sterling trimmed some gains after the news was announced, but was still...
Treasury yields fall after U.K. reaches post-Brexit trade deal
Treasury yields fell on Thursday after the U.K. and the European Union agreed on new Brexit trading arrangements. The yield on the benchmark 10-year Treasury note fell to 0.948%, while the yield on the 30-year Treasury bond traded lower at 1.689%. Bond yields move...
European stocks close mixed amid hopes for Brexit trade deal; UK banks jump
LONDON — European stocks closed mixed after a light trading session Thursday, as traders grew optimistic a Brexit trade deal would be reached. Britain’s FTSE 100 closed up by around 0.1% after a choppy holiday-shortened session, while France’s CAC lost...
Stocks making the biggest moves in the premarket: FireEye, Alibaba, C3.ai & more
Take a look at some of the biggest movers in the premarket: FireEye (FEYE) – The cybersecurity firm’s stock is 2% lower in premarket trading, after rising for four straight sessions and eight of the past 10, gaining more than...
When will the $300 unemployment benefit start? Officials don’t know
John Moore | Getty Images News | Getty Images More than 20 million Americans are eagerly anticipating a $300 boost to their weekly unemployment benefits. The sum would nearly double weekly aid for the average worker and help lift...
November new home sales fall more than expected, builder stocks drop
A ‘Open House’ sign stands outside a new home for sale in the D.R. Horton Cambridge at Southbury development in Oswego, Illinois. Daniel Acker | Bloomberg | Getty Images Sales of newly built homes came in far weaker than expected...
Weekly jobless claims rise less than expected, but hold above 800,000
Jobless claims rose less than expected last week as employers weighed a wintertime spike in Covid-19 cases against expected relief from a pending $900 billion stimulus package, the Labor Department reported Wednesday. The number of first-time unemployment-benefits filers decelerated to...