US Government Bonds Still Pulling Back
The pace of selling is slowing down in the bond market following the biggest four-week selloff since 2009. After hitting a 17-month high of 2.492% last Thursday, the yield on the benchmark 10-year Treasury note has since pulled back. It was recently at 2.392%, compared with 2.387% Monday. Yields rise as bond prices fall. The bond market has been rattled by heavy selling pressure since the U.S. election on Nov.8. Investors had...>> view originalUS factory orders up 2.7 percent in October
FILE - In this Friday, Oct. 21, 2016, file photo, Barbara Taylor examines a spool of thread made from recycled plastic bottles at the Repreve Bottle Processing Center, part of the Unifi textile company, in Yadkinville, N.C. On Tuesday, Dec. 6, 2016 ...>> view originalPaschi Stock Sale Hangs in Balance as Italy Said to Weigh Aid
Banca Monte dei Paschi di Siena SpA is making a final push to sway investors to back the lender as a political vacuum in Italy chills demand and brings the bank a step closer to state aid.Executives are considering options including a limited form of state help as well as an extension of a European Central Bank deadline to complete its 5 billion-euro ($5.4 billion) capital increase, people with knowledge of the matter said. Monte Paschi advisers are continuing to talk with potential investors, ..>> view originalOil Prices Pause After Rallying to Year High
Oil prices slipped off one-year highs Tuesday, as traders took profits from a sharp rally that followed OPEC’s decision to cut production. While many traders and analysts have become more confident that the Organization of the Petroleum Exporting Countries was likely to follow through on production cuts, others remain skeptical. On Tuesday, the skeptics pointed to data showing another monthly increase to a new record-high output in...>> view originalTrump Says US Should 'Cancel Order' for New Air Force One, Citing Costs
President-elect Donald Trump on Tuesday suggested the U.S. government should cancel an order with Boeing Co. for a new version of Air Force One, making the aircraft maker the latest company to come under scrutiny by the incoming commander-in-chief. In a Twitter post Tuesday, Mr. Trump said the cost for a new “Air Force One” plane for future...>> view originalIkea pushes retail into the race to expand paid leave
Ikea employees cheer the grand opening of New York City's first Ikea store, in Brooklyn, in 2008. Its new paid leave policy is among the most expansive in the retail industry. (Mark Lennihan/AP Photo) Sweden is well known for its generosity when it comes to paid family leave, granting new moms and dads a jaw-dropping 480 days of parental leave. But until now, U.S. workers at one of the country's best-known brands, Ikea, got relatively little time off when a new child was added to the family...>> view originalUS Trade Deficit Widened Sharply in October
The U.S. trade deficit widened sharply in October as exports weakened following a summer surge, and imports jumped, setting up a likely drag on overall economic growth in the final months of 2016. The trade gap for goods and services surged 17.8% from a month earlier to a seasonally adjusted $42.6 billion in October, the Commerce Department said Tuesday. That was the steepest one-month rise since March 2015, and took the deficit to...>> view originalEquinix to buy 29 Verizon data centers for $3.6B
File photo taken in 2006 shows a sign on the side of one of the Verizon buildings in New York.(Photo: JUSTIN LANE, EPA)Verizon is selling its data center business to Equinix in a $3.6 billion cash deal as the communications giant focuses on digital transformation for its customers, the companies announced Tuesday.Redwood City, Calif.-based Equinix will get 24 Verizon customer-facing data sites, which include 29 data center buildings across 15 metro areas in the U.S. and Latin America. Data cent..>> view originalU.S. Productivity Up 3.1 Percent in Third Quarter
The productivity of American workers rose in the July-September quarter at the fastest pace in two years while labor costs slowed after a big jump in the spring. Dec. 6, 2016, at 9:06 a.m.. MORE. LinkedIn · StumbleUpon · Google +; Cancel. U.S ...>> view originalAmazon takes on tech's white whale: grocery shopping
Amazon.com Inc.’s plans for its most ambitious bricks-and-mortar effort yet aim to disrupt an arena seen as an Achilles' heel for Silicon Valley: the $795 billion grocery industry. Amazon released a video Monday about a convenience-store effort called Amazon Go, one of three grocery concepts the online retail giant is planning, according to a Monday report from the Wall Street Journal and earlier reporting from Business Insider. According to Amazon’s website, Amazon Go has been in the works for..>> view original
Saturday, March 18, 2017
US Government Bonds Still Pulling Back and other top stories.
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