Bond yields continued to decline on Thursday as traders made adjustments following the news that U.S. inflation is at its lowest level in over two years. What's Happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.653% slipped by 8.8 basis points to 4.662%. Remember, yields move in the opposite direction of prices. The yield on the 10-year Treasury TMUBMUSD10Y, 3.819% … [Read more...] about Bond Yields Decline as U.S. Inflation Hits a Two-Year Low
Forex News
Amazon Prime Day Sets New Sales Record
Amazon.com stock is on the rise after the e-commerce giant declared that this year's Prime Day was its "single largest sales day" to date. Spanning two days, July 11th and 12th, Prime members across the globe purchased over 375 million items, resulting in savings exceeding $2.5 billion. This surpasses last year's Prime Day, which saw sales of more than 300 million … [Read more...] about Amazon Prime Day Sets New Sales Record
DraftKings Inc. Experiences Strong Stock Rally
DraftKings Inc. saw its shares close 2.7% higher on Thursday, continuing its recent rally, following positive adjustments from two analysts who raised their price targets for the online-gambling company. Positive Outlook for Quarterly Earnings JMP Securities analyst Jordan Bender expressed optimism regarding DraftKings' upcoming June-quarter earnings report. Bender believes … [Read more...] about DraftKings Inc. Experiences Strong Stock Rally
Coinbase Shares Surge Amid Cryptocurrency Regulation Battle
Coinbase Global Inc. experienced a significant surge of over 24% in its shares on Thursday, following a judge's ruling on a case related to cryptocurrency tokens. This ruling has sparked debates on Wall Street regarding the potential impact on Coinbase's ongoing regulatory challenges. Currently, the cryptocurrency exchange is engaged in a battle with the Securities and Exchange … [Read more...] about Coinbase Shares Surge Amid Cryptocurrency Regulation Battle
Potential Currency Moves in China and Japan
When the People's Bank of China (PBOC) makes a statement, it has a significant impact on the markets, even if its message is somewhat unclear. A few weeks ago, the PBOC hinted at allowing state-owned banks to sell dollars in order to support the yuan. This move helped stabilize the Chinese currency, which had experienced a 5% decline over the past three months. This action by … [Read more...] about Potential Currency Moves in China and Japan
