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Traders in the $31 trillion Treasuries market fully priced in a Federal Reserve interest-rate hike by the end of this year after US job growth topped all forecasts in May, spurring yields higher.
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Traders bet the Fed will have to raise rates by December
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Bay Club acquires Tennis Center Sand Point, marking its 12th Washington location and expanding its interconnected sports and lifestyle network in Seattle.
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Nannette Hechler-Fa
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Here are the key takeaways from the US employment report for May, released Friday:
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After swapping out its lead autos analyst, JPMorgan Chase & Co. is decidedly less bearish on Tesla Inc.
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Jeffrey Rosenberg, BlackRock portfolio manager of the Systematic Multi-Strategy Fund, says after the May payrolls report, they're on the precipice of pricing in a full rate hike for this year. But he says policymakers are in no hurry to raise rates. He speaks on "Bloomberg Surveillance." (Source: Bl
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The European Commission has called on Spain to move away from using gas-fired power plants to stabilize its electricity system after last year’s blackout, saying better grids, interconnections and more storage should replace the emergency measures.
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India’s government and central bank took coordinated steps on Friday to spur foreign inflows, providing an immediate boost to the beleaguered currency. The challenge for policymakers will now be to sustain those flows in the face of economic threats beyond their control.
Walmart shares have lagged peers and the S&P 500 this year, with some analysts noting that business is still dominated by low-margin grocery sales.