What's Happening The yield on the 2-year Treasury (BX:TMUBMUSD02Y) remained steady at 4.965%. The yield on the 10-year Treasury (BX:TMUBMUSD10Y) increased by 3.1 basis points to 4.287%. The yield on the 30-year Treasury (BX:TMUBMUSD30Y) rose by 5 basis points to 4.406%. What's Driving Markets On Thursday, important updates on the U.S. economy will be released, including the … [Read more...] about Bond Yields Rise to 15-Year Highs as U.S. Economy Prospers
LSI Industries Reports Strong Fourth-Quarter Earnings
LSI Industries, a leading lighting manufacturer, has exceeded analysts' expectations with its impressive fourth-quarter earnings. The company's shares saw a significant increase of 20% to $15.32 following this positive news. In the fourth quarter, LSI Industries recorded earnings of $8.4 million, or 28 cents per share, compared to $5.2 million, or 18 cents per share, during the … [Read more...] about LSI Industries Reports Strong Fourth-Quarter Earnings
U.S. Stocks Experience a Downturn as Bond Yields Reach 16-Year High
The U.S. stock market closed lower on Thursday as the selling pressure intensified in the late-day trade. This decline was primarily due to government bond yields reaching their highest level in approximately 16 years. Market Performance The Dow Jones Industrial Average (DJIA) recorded a loss of about 291 points, or 0.8%, closing near 34,473. The S&P 500 index closed 0.8% … [Read more...] about U.S. Stocks Experience a Downturn as Bond Yields Reach 16-Year High
Trump Scraps Press Conference Over Election Fraud Claims in Georgia
Former President Donald Trump has decided not to hold a press conference next week to unveil alleged evidence of fraud in the 2020 election in Georgia. Trump cited the advice of his lawyers as the reason for this decision. Despite his claims, no substantial evidence of widespread fraud has emerged since the election took place. Republican officials in Georgia have consistently … [Read more...] about Trump Scraps Press Conference Over Election Fraud Claims in Georgia
A Soft Landing in the U.S., but Challenges Abroad
The U.S. economy appears to be experiencing a much-anticipated soft landing, thanks to careful interventions by the Federal Reserve. The central bank's measured increase in interest rates has resulted in a well-balanced economy with reduced inflation. This positive outcome bodes well for Americans. However, the situation is quite different in other parts of the world. Europe, … [Read more...] about A Soft Landing in the U.S., but Challenges Abroad
