U.S. Treasury yields jumped to their highest level since November 2023 after the latest jobs data came in stronger than economists had forecast. The 10-year Treasury yield added nearly six basis points at 4.745%. The 2-year Treasury surged more than 10 basis points at 4.369%. One basis point is equal to 0.01% and yields and…
Special Counsel Jack Smith delivers remarks on a recently unsealed indictment including four felony counts against former U.S. President Donald Trump on August 1, 2023 in Washington, DC. Drew Angerer | Getty Images Special Counsel Jack Smith resigned from the Department of Justice on Friday after he completed his two criminal investigations of President-elect Donald…
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta CEO Mark Zuckerberg slammed rival tech giant Apple for lackluster innovation efforts and “random rules” in a lengthy podcast interview on Friday. “On the one hand, [the iPhone has]…
The U.S. saw inflation cool in 2024, but economists warn that President-elect Donald Trump’s plan for the mass deportation of undocumented immigrants could greatly affect prices. “Certainly the economic impacts are going to be felt,” said David J. Bier, the director of immigration studies at the Cato Institute. “There’s going to be supply chain issues….
An exchange-traded fund provider is helping investors make more bets on Wall Street’s most profitable momentum trades. GraniteShares, which debuted its first installment of single-stock ETFs in 2022, now manages 20 of them. It includes the GraniteShares YieldBoost TSLA ETF (TSYY), which launched last month. The fund gives investors exposure to Tesla. “This is about…
Americans are still flocking to Sun Belt states, but at a much slower pace than in previous years, according to new U.S. Census data. All of the top destinations — Texas, North Carolina, South Carolina and Florida — saw a significant drop in domestic migration for the year ending July 1, 2024. To track state-to-state…
A jobseeker holds flyers during the New York Public Library’s annual Bronx Job Fair & Expo at the the Bronx Library Center in the Bronx borough of New York, on Sept. 6, 2024. Yuki Iwamura | Bloomberg | Getty Images The unemployment rate fell for Black women in December, following an alarming increase in the…
Pra-chid | Istock | Getty Images Expanded free filing options for 2025 For the 2025 season, Direct File, the IRS’ free tax filing program, will be open to eligible taxpayers in 25 states. That’s up from 12 states for the 2024 season. This year, participating states include Alaska, Arizona, California, Connecticut, Florida, Idaho, Illinois, Kansas, Maine, Maryland,…
In this aerial view taken from a helicopter, burned homes are seen from above during the Palisades fire near the Pacific Palisades neighborhood of Los Angeles, California on January 9, 2025. Josh Edelson | Afp | Getty Images Insurers exposed to the California homeowners’ market sold off sharply Friday as the devastation caused by the…
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024. Ina Fassbender | Afp | Getty Images Amazon is shutting down “Prime Try Before You Buy,” a competitor to Stitch Fix that allowed Prime members to try out…
