Economy
Jeff Bezos says a 3-day workweek and more single-income households are on the way thanks to AI: ‘It going to be difficult to hire...
Jeff Bezos predicts that AI will transform the workplace by potentially allowing workers to operate on just a three-day workweek. He claims that increased...
Economy
Trump appoints committee to investigate statements by the Fed’s Lisa Cook
President Donald Trump formally established a "committee of inquiry" to investigate allegations that Federal Reserve Governor Lisa Cook made false statements related to "one...
Economy
Treasury’s Bessent hires Trump’s controversial former Fed board pick, Judy Shelton, as adviser
Judy Shelton, whose nomination to the Federal Reserve board was blocked by the Senate in 2019, has been appointed counselor to U.S. Treasury Secretary...
Economy
Treasury yields steady as Trump strikes diplomatic tone on Iran ahead of midterms
U.S. Treasury yields largely steadied on Friday as President Donald Trump pledged not to launch any strikes against Iran before next month's midterm election....
Economy
Treasury yields are ‘really, really high,’ but can come down soon, Bessent’s new adviser says
David Zervos, counselor to Treasury Secretary Scott Bessent, said real U.S. Treasury yields are currently « really, really high » by historic standards. The...
Economy
The options market is reminding investors there’s a cure for rising bond yields — higher yields
The MOVE Index, the Treasury market's fear gauge, has reached levels that in the past coincided with a peak in bond yields, at least...
Economy
Treasury sanctions 17 tankers linked to Iran’s ‘shadow fleet’ in economic pressure campaign
The U.S. Treasury Department has sanctioned 17 additional vessels linked to Iran's shadow fleet as part of Operation Economic Outcast. These ships, registered under...
Economy
The good, the bad and the ugly of rising interest rates
In September 2024, Donald Trump, then the Republican nominee for president, promised to cap credit-card interest rates at around 10%. Today, the average credit-card...