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Trump warns Iran "clock is ticking" until U.S. launches harder strikes Axios‘Won't be anything left': Trump issues warning to Iran after national security team meeting CNNTrump warns 'clock is ticking' for Iran as peace progress stalls BBCOpinion | Trump is stuck in an Iran trap of his making — with only two options The Washington PostTrump warns Iran to 'get moving' or 'there won't be anything left' CNBC
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White House to host mass prayer event to promote Christian origins of the US France 24Trump Administration Pushes Narrative of Christian Founding at Rally The New York TimesRededicate 250 brings faithful to National Mall as Trump, Hegseth to speak USA TodayRoad closures in place as crowds head to National Mall for Rededicate 250
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Stress, uncertainty as economy views decline; many voice frustration with Trump's economic approach, CBS News poll finds CBS NewsTrump approval sinks as costs rise, poll finds USA TodayOpinion | Trump's polls just passed a historic low MS NOWDonald Trump's current approval rating; Trump approval rate today Asbury Park Press
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To Critics, Trump Remarks Reveal a Billionaire Out of Touch The New York Times‘Perfect statement': Trump defends saying he isn't thinking about Americans' finances amid Iran talks NBC NewsTrump's Latest Gaffes Could Hurt the GOP The AtlanticTrump's ‘financial situation' gaffe underscores his Iran war problem CNNTrump says Iran war is worth the economic pain. These rural voters agree Y
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Is it a problem if the Fed speaks too much? CNNKevin Warsh comes into the Fed facing a big 'family fight' over cutting interest rates CNBCKevin Warsh and the Return of Monetarism Barron'sUS debt load could undercut Warsh's plan to shrink Fed balance sheet Reuters
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Federal charges tied to a church protest have left journalist Georgia Fort unable to interview key Minnesota sources, raising new alarms over press freedom.
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Data shows there's a gap between CEO's AI aspirations and employee's AI reality. To ensure AI mandates stick, executives need to focus on three things.
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In the dark recesses of the economy, price pressures are bubbling up and foretelling another wave of inflation. Is inflation really heading to 5% or 6% again like during the bad days of the pandemic?
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Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
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"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
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As for stocks, the tech-heavy Nasdaq Composite
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Investors held onto expectations that coronavirus vaccines and stimulus programs will keep markets surging in 2021; manufacturers pushed President-elect Biden to boost "buy American" practices, and destination spas positioned themselves as refuges during the pandemic.
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