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Why Bond Yields Are Rising—and Might Keep Heading Higher

Why Bond Yields Are Rising—and Might Keep Heading Higher

Global bond markets are currently weathering a sharp selloff that has pushed yields to heights not seen in decades. From the United States to Japan and across Europe, borrowing costs for governments, corporations, and everyday

Business
Walmart will report second-quarter earnings before the bell. Here’s what to expect

Walmart will report second-quarter earnings before the bell. Here’s what to expect

All eyes are on Walmart this Thursday morning as the retail giant prepares to release its second-quarter earnings before the opening bell. Because of its massive footprint across the United States, investors view these reports

Business
Chinese court sentences founder of troubled property developer Evergrande to life in prison

Chinese court sentences founder of troubled property developer Evergrande to life in prison

The fall of one of China's most powerful business empires reached a definitive conclusion this week as a court in Shenzhen sentenced Hui Ka Yan, the founder of Evergrande, to life in prison. Once celebrated

Business
Walmart sees the slowest pace in US comparable sales in 6 years and offers cautious guidance

Walmart sees the slowest pace in US comparable sales in 6 years and offers cautious guidance

Walmart is feeling the pinch of a tightening economy, reporting its slowest growth in U.S. comparable sales in six years. In its most recent quarter, these key sales grew by only 2.6 percent, a noticeable

Business
Mark Zuckerberg encouraged growth over child safety, ex-Meta executive testifies at trial

Mark Zuckerberg encouraged growth over child safety, ex-Meta executive testifies at trial

A former engineering director at Meta Platforms took the stand in an Oakland federal court this week, delivering a scathing critique of CEO Mark Zuckerberg's leadership. Arturo Béjar testified that the tech giant fostered a

Business
U.S. debt tops $40 trillion. And, new census report Trump is touting raises concerns

U.S. debt tops $40 trillion. And, new census report Trump is touting raises concerns

The United States government has reached a staggering financial milestone as the national debt officially climbed past 40 trillion dollars. According to recent data from the Treasury Department, there are few indications that this upward

Business
Three things to know about the $40 trillion federal debt

Three things to know about the $40 trillion federal debt

The United States federal debt hit a staggering milestone this week, crossing the 40 trillion dollar threshold for the first time. This massive accumulation of red ink has created a situation where annual interest payments

Business
At Walmart, billions in tariff refunds soften the blow from slower sales growth

At Walmart, billions in tariff refunds soften the blow from slower sales growth

Walmart is leaning on a massive government windfall to keep its head above water as American shoppers tighten their belts. The retail giant revealed in its latest quarterly earnings report that it received nearly 3

Business
Why Treasury Secretary Bessent’s moves to calm the bond market haven’t worked so far

Why Treasury Secretary Bessent’s moves to calm the bond market haven’t worked so far

Treasury Secretary Scott Bessent is finding out the hard way that calming the bond market requires more than just adjusting a few levers at the Treasury Department. Despite a surprise announcement to double the size

Business
Why Is Moderna Stock Down Today?

Why Is Moderna Stock Down Today?

Moderna experienced a sharp correction on Thursday, erasing more than 18 billion dollars in market valuation just one day after its stock had skyrocketed to record heights. The plunge saw shares drop over 25 percent