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Art Cashin Expects More Stock Pain as Traders Worry About Fed Losing Control of Bond Market
Wall Street veteran Art Cashin told CNBC that investors need to be careful and brace for more volatility as bond yields rise.
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10-Year Yield Rebounds From Lows of Day, Climb Back Above 1.5%
The 10-year U.S. Treasury yield retreated on Friday morning, but remained above the 1.4% mark, after surging to 1.6% in the previous session.
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Personal Income Leaps 10% in January Thanks to Stimulus, But Inflation Still in Check
Personal income saw its biggest monthly gain since April 2020 though inflation remained tame, the Commerce Department reported Friday.
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Coinbase Prospectus Lacks Key Trading Details for Investors Who Want in on the Direct Listing
In Coinbase’s direct listing prospectus on Thursday, the company provided almost no indication about how private investors value the stock.
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Britain Should Overhaul Listings to Boost Its $15 Billion Fintech Sector Post-Brexit, Review Says
Britain is one of the leading players in fintech globally, attracting $4.1 billion in venture capital investment last year.
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Texas Freeze Helps Rival Oil Exporters Like Saudi Arabia ‘Tremendously,' May Influence OPEC Decisions
Analysts estimate the total volume of oil lost to the Texas winter storm at anywhere between 18 million and 40 million barrels.
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Trading Tax Hike Won't Harm Competitiveness of Hong Kong's Stock Market, Says Financial Secretary
Hong Kong’s Financial Secretary Paul Chan said on Wednesday that the government will raise the stamp duty paid on listed stock trades from 0.1% to 0.13%.
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China's Economy Could Double in Size by 2035 — and Surpass the U.S. Along the Way
China would surpass the U.S. as the world’s largest economy around 2027-2028, said an economist from the Bank of America.
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U.S. Partners in Asia May Not Wait Around as Biden Prioritizes Domestic Issues
In recent years, Asia-Pacific countries have signed two mega trade agreements — the CPTPP and RCEP — that exclude the U.S.
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BlackRock Bond Expert Explains Where Not to Put Your Money Right Now
In light of the pace of Covid-19 vaccine rollouts and potentially hefty fiscal stimulus in the U.S., the BlackRock Investment Institute is opting for a more risk-on approach in 2021.
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The Bond Market Is Betting on a Red Hot Economy and Stocks Don't Like It
Growing inflation concerns, optimism the economy could surge and some technical factors are combining to drive interest rates higher at a rapid clip.
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Nvidia CEO Confident in Company's Growth Prospects Even If Arm Acquisition Does Not Happen
Nvidia CEO Jensen Huang told “Mad Money” host Jim Cramer that the company would “be huge no matter what.”
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Twitter CFO Says Company Is Confident About Strategy to Double Revenues in Two Years
As Twitter plans to double its user base and revenues by 2023, CFO Ned Segal said it seeks to tap a $150 billion addressable digital ad market.
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Virgin Galactic Delays Next Spaceflight Test to May, With Commercial Service Launch Pushed to 2022
Virgin Galactic delivered fourth quarter results after the market closed on Thursday, with the company disclosing its next spaceflight test is delayed to May.
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DoorDash Stock Falls After Company Drops First Earnings Report Since Going Public
DoorDash stock fell Thursday after the company dropped its first earnings report since going public in December.
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Dow Falls 560 Points Amid Surging Yields, Nasdaq Sheds 3.5% in Worst Sell-Off Since October
Investors continued to keep an eye on the rise in bond yields, which weighed on stocks recently.
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Data Firm That Monitors Reddit Says It Saw GameStop Mentions Spiking Days Ago
Thinknum co-founder Justin Zhen told CNBC that his data firm started to see GameStop mentions spike before shares took off Wednesday.
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Why Stock Investors Are Starting to Really Worry About Rising Bond Yields
Fear of inflation is causing investors to speculate the Fed may have to shift policy sooner than expected.
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10-Year Treasury Yield Jumps to a One-Year High of 1.6%, a Rapid Move Unnerving Investors
The 10-year traded as high as 1.614% during the session, which was the highest level since Feb. 14, 2020.
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Stocks Just Got Some New Competition From Bonds as 10-Year Rate Tops Dividend Yield
The 10-year Treasury yield soared more than 16 basis points to a high of 1.614%, rising above the S&P 500’s dividend yield of 1.43%.