Browsing: Business

The benchmark 10-year U.S. Treasury yield briefly moved above 5% on Monday, reaching a level last seen in October 2023. Before that period, the yield had not held above 5% since 2007. It later eased, with the official Treasury curve

Prime Minister Mark Carney outlined a reinforced federal agenda to accelerate domestic manufacturing and secure supply chain independence in response to U.S. trade restrictions. The plan incentivizes domestic capital allocation, supports critical infrastructure, and expands non-U.S. export routes to maintain

Oil prices remained above $100 a barrel on Friday as supply disruptions kept global crude markets tight. Brent crude futures fell 1.9% to $105.62 a barrel by 0555 GMT. U.S. West Texas Intermediate crude declined 1.4% to $101.10. Both benchmarks

Wall Street extended its decline Wednesday after the Dow Jones Industrial Average lost 628 points in the previous session. The Dow fell another 0.77%, while the S&P 500 dropped 0.48% and the Nasdaq Composite declined 0.64%. The losses followed a

Treasury yields stabilized in subdued trading as fixed-income markets weighed U.S. Treasury Secretary Scott Bessent’s fiscal management strategy against broader macroeconomic headwinds. Despite recent liquidity support through doubled long-end Treasury buybacks, long-term borrowing costs remained elevated near multi-decade peaks amid

Wall Street stocks finished higher Wednesday as major U.S. indexes recovered from three consecutive sessions of losses. The Dow Jones Industrial Average climbed 295.01 points, or 0.56%, to 53,061.89. The S&P 500 gained 35.16 points, or 0.46%, to close at

Weakening North American retail demand dragged Lululemon Athletica Inc.’s fiscal second-quarter 2026 net revenue down 4% year-over-year to $2.42 billion, missing the $2.46 billion consensus target. While headline diluted earnings per share of $2.92 topped market projections, the outperformance was

Gold rose more than 1% on Thursday, extending a rebound from its lowest level in nearly a month. Spot gold gained 1.1% to $4,434.70 an ounce by 04:25 GMT. U.S. gold futures climbed 1.5% to $4,480.10. The U.S. dollar weakened

Major U.S. stock indexes closed sharply lower as a spike in crude oil prices driven by escalating geopolitical tensions in the Middle East reignited inflation concerns across global equity markets. The blue-chip index posted significant losses as investors evaluated the

U.S. equity indexes held near record levels Wednesday as Wall Street braced for Nvidia’s pivotal second-quarter earnings report. Trading volume remained concentrated in the technology sector as traders balanced elevated valuation metrics against broader macroeconomic indicators, including sticky core inflation