Treasury Yields Fall on Soft PCE Inflation
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CNBC - Business
10-year Treasury yield tumbles after weak economic data
The benchmark 10-year yield, used to price everything from mortgages to credit cards, slipped for another session. -
MarketWatch - Business
2-year Treasury yield ends at almost three-week low after ISM data offers signs of waning U.S. growth
Treasury yields finished lower on Wednesday for a second straight session after the Institute for Supply Management’s index of services businesses produced its lowest reading since the height of the pandemic in May 2020. -
The Wall Street Journal - World
JGB Futures Rise; Likely Supported by Gains in U.S. Treasurys
JGB futures rose in the early Tokyo session, with futures and bonds likely to be supported by overnight gains in U.S. Treasurys. -
NBC News - Top stories
Fed says inflation is moving in the right direction
Federal Reserve officials indicated that inflation is moving in the right direction but not quickly enough for them to lower interest rates.Federal Reserve -
The Wall Street Journal - World
Oil Falls in Possible Technical Correction
Geopolitics and weather appear to be keeping oil prices well supported in the $80/bbl area for now, Citi said. -
The New York Times - Lifestyle
Marc Jacobs’s Latest Fall Collection Is Delightful Delusion
The designer’s fall collection, inspired by “personal transformation,” was wholly cartoonish. -
The Wall Street Journal - World
The WSJ Dollar Index Falls 0.2% to 100.25
The WSJ Dollar Index was down 0.2% to 100.25 — down for two consecutive trading days. -
CNBC - Business
Is inflation Biden's or Trump's fault? The answer isn't so simple, economists say
Biden and Trump traded barbs on the state of the U.S. economy during their first debate. But who or what is really responsible for inflation?Joe Biden -
The Wall Street Journal - World
Turkish Inflation Moves Past Peak as High Rates Begin to Pay Off
Turkish consumer inflation looks to have begun a strong downward slide, says Bartosz Sawicki, market analyst at fintech Conotoxia.Turkey -
Financial Times - World
Fed officials wanted ‘greater confidence’ that US inflation was cooling
Minutes of June meeting showed some officials were concerned about effect of high rates on job marketFederal Reserve -
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The Wall Street Journal - World
U.S. Crude Oil Inventories Fall More Than Expected
Government data showed crude-oil inventories fell by 12.2 million barrels last week, much greater than the decline of 1.1 million barrels that analysts expected. Gasoline and distillate fuels fell too, as refineries raised their capacity use. -
Financial Times - Business
Far right to fall short of majority in French parliament, poll says
Harris Interactive predicts a hung parliament ahead of high-stakes run-off on July 7France -
MarketWatch - Business
Fed minutes show no consensus on how many months of good inflation data needed to start cutting interest rates
Several officials said that interest-rate hikes might be needed if inflation stays at its elevated level or increases further.Federal Reserve -
CNBC - Business
Fed says it's not ready to cut rates until 'greater confidence' inflation is moving to 2% goal
The Federal Reserve on Wednesday released minutes from its June 11-12 meeting.Federal Reserve -
CBS News - Top stories
Why you should open a long-term CD before the July inflation report
With the next inflation report slated to be released soon, savers may want to open a long-term CD now. Here's why. -
MarketWatch - Business
My spouse and I are 60 and receive $145,000 a year in pensions. Do we need to worry about inflation killing our retirement plans?
“Our annual expenses are $105,000 and that includes travel, entertainment and maintenance.” -
Financial Times - World
Indonesia’s Prabowo sparks spending concerns with $28bn free school meals plan
Incoming president considers enlarged government and increased borrowing in break with predecessor Widodo -
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CBS Sports - Sports
Lakers, Clippers fail in NBA free agency as the L.A. teams fall into traps of mediocrity
It has not been a particularly good week for either NBA team in Los AngelesNBA -
MarketWatch - Business
Oil prices end higher on light trading volume as supply drops more than expected
Oil prices settled higher Wednesday, on light trading volume ahead of the Independence Day holiday, after official U.S. data revealed a drop of more than 12 million barrels in crude inventories and a weekly rise in implied gasoline demand. -
The Guardian - World
The week that changed the US election: Trump’s immunity as Biden falls flat on his face
Plus: A dispatch from Wisconsin, more lies and no more lawyering for Rudy Giuliani. Hello there.. Well, that was interesting, wasn’t it? The election was trundling along pretty normally, then we get a momentous week that changed the shape of the ...Joe Biden -
Los Angeles Times - Entertainment
Zara Tindall 'shaken ... to the core' by mum Princess Anne's amnesia: Family 'falling apart'
Zara Tindall is reportedly 'shaken to the core' after her mother -- Anne, Princess Royal -- suffered a concussion and amnesia after an incident involving a horse.