Technology stocks in Asia slip; 10-year US Treasury yield surges

Technology stocks in Asia slip;  10-year US Treasury yield surges

SINGAPORE — Technology stocks in Asia-Pacific declined in Wednesday trade, mirroring losses seen among their peers on Wall Street following an overnight surge in the US 10-year Treasury yield. Chinese tech stocks in Hong Kong dropped in Wednesday trade, with Alibaba falling 4.05% and Meituan declining 2.81% while Tencent shed 1.85%. The Hang Seng Tech … Read more

Technology stocks in Asia slip; 10-year US Treasury yield surges

Technology stocks in Asia slip;  10-year US Treasury yield surges

SINGAPORE — Technology stocks in Asia-Pacific declined in Wednesday trade, mirroring losses seen among their peers on Wall Street following an overnight surge in the US 10-year Treasury yield. Chinese tech stocks in Hong Kong dropped in Wednesday trade, with Alibaba falling 4.05% and Meituan declining 2.81% while Tencent shed 1.85%. The Hang Seng Tech … Read more

Twitter, Carnival, First Solar and more

Twitter, Carnival, First Solar and more

Carnival Cruise Line’s Carnival Ecstacy cruise ship is docked at the Port of Jacksonville amid the Coronavirus outbreak on March 27, 2020 in Jacksonville, Florida. Sam Greenwood | Getty Images Here are the companies making headlines in midday trading. Twitter — Shares of the social media company rallied more than 3% after Twitter announced that … Read more

Carvana, First Solar, Generac and more

Carvana, First Solar, Generac and more

Take a look at some of the biggest movers in the premarket: Carvana (CVNA) – Carvana was downgraded to “sector perform” from “outperform” at RBC Capital Markets, with the price target for the online car seller’s stock cut to $138 per share from $155 per share. RBC bases its call both on valuation and potential … Read more

Treasury yields rise and remain inverted

Treasury yields rise and remain inverted

US Treasury yields rose and remained inverted on Tuesday morning, amid concerns that recession may be on the horizon. The yield on the 2-year Treasury note climbed 3 basis points to 2.461% at 3:30 am ET, while the benchmark 10-year Treasury yield gained 2 basis points at 2.4413%. The yield on the 5-year US government … Read more

Joe Manchin opposes SEC climate disclosure rule

Joe Manchin opposes SEC climate disclosure rule

Chairman Joe Manchin, DW.Va., conducts a Senate Energy and Natural Resources Committee hearing on domestic and international energy price trends, in Dirksen Building on Tuesday, November 16, 2021. tom williams | CQ-Roll Call, Inc. | Getty Images Sen. Joe Manchin said Monday that he is “deeply concerned” about the new climate disclosures proposed by the … Read more

Jamie Dimon says inflation, Ukraine war may dramatically increase risks for US

Jamie Dimon says inflation, Ukraine war may dramatically increase risks for US

Jamie Dimon, CEO of JPMorgan Chase speaks to the Economic Club of New York in New York, January 16, 2019. Carlos Allegri | Reuters Jamie Dimon, CEO and chairman of the biggest US bank by assets, pointed to a potentially unprecedented combination of risks facing the country in his annual shareholder letter. Three forces are … Read more

Treasury yields invert ahead of Fed minutes

Treasury yields invert ahead of Fed minutes

US Treasury yields inverted on Monday morning, with investors remaining focused on Federal Reserve policy, ahead of the central bank’s latest meeting minutes due out later in the week. The yield on the 2-year Treasury yield was up less than basis point to 2.4384 at 4:25 am ET, while the benchmark 10-year Treasury note rose … Read more

Jamie Dimon says inflation, Ukraine war may dramatically increase risks for US

Jamie Dimon says inflation, Ukraine war may dramatically increase risks for US

Jamie Dimon, CEO of JPMorgan Chase speaks to the Economic Club of New York in New York, January 16, 2019. Carlos Allegri | Reuters Jamie Dimon, CEO and chairman of the biggest US bank by assets, pointed to a potentially unprecedented combination of risks facing the country in his annual shareholder letter. Three forces are … Read more

Stock futures are flat after S&P 500 notches third straight week of gains

Stock futures are flat after S&P 500 notches third straight week of gains

Traders on the floor of the NYSE, March 25, 2022. Source: NYSE US stock index futures were flat during overnight trading Sunday, after the S&P 500 posted a third straight week of gains. Futures contracts tied to the Dow Jones Industrial Average slide 14 points. S&P 500 futures were flat, while Nasdaq 100 futures declined … Read more