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Finance

Wall Street's Concerns Over Government Bonds: A Deep Dive

The autumn bond rout is challenging Wall Street's longstanding belief that the U.S. government can't sell too many Treasurys1. This article examines the key points and arguments surrounding the issue of government bonds and their impact on the market. The Bond Rout * The autumn bond

Caroline Ellison Emerges as Star Witness in Sam Bankman-Fried FTX Trial, Highlighting the Challenges Facing the Cryptocurrency Industry

Caroline Ellison, the former CEO of Alameda Research and Sam Bankman-Fried's former girlfriend, has emerged as a central figure in the fraud trial of the FTX founder in New York1345. Here are the key takeaways from the article: The Trial * Sam Bankman-Fried, the billionaire entrepreneur who founded Alameda

Dow's 2023 Gains Wiped Out as Bond Yields Rise, Sparking New Losses on Wall Street

An intensifying bond selloff sparked new losses on Wall Street on Tuesday, wiping out what was left of the Dow Jones Industrial Average's gain for the year and pushing the yields on U.S. Treasurys to fresh multiyear highs1. Here are the key takeaways from the article: The

Global markets lose almost $6 trillion in Q3 due to rising interest rates and oil prices

Global markets have been rattled by rising interest rates and oil prices, resulting in world stocks losing almost $6 trillion since late July, according to a Reuters report1. The strength of the dollar has also piled pressure on the yen and other currencies, leading investors to pour money into cash

Bill Ackman predicts 10-year Treasury yield could approach 5% soon

Billionaire hedge fund manager Bill Ackman believes that long-term Treasury yields could rise even higher in the short run due to stubborn inflation1. Speaking at the CNBC Delivering Alpha Investor Summit in New York City, Ackman said he would not be surprised to see 30-year rates through the 5% barrier

California Fast-Food Workers to Receive $20 Minimum Wage Next Year

Fast-food workers in California will receive a minimum wage of $20 per hour starting April 1, 2024, following the passage of a law signed by Governor Gavin Newsom on September 28, 202315. The new wage applies to workers at restaurants that have at least 60 locations nationwide, except those that

Frackers Constrained by Investor Payouts, Inflation, and Interest Rates as Oil Prices Rise

Oil prices are rising, with some analysts predicting that they could soon hit $100 a barrel13. However, U.S. shale companies are not rushing to drill more, and most frackers plan to stay on the sidelines12. The biggest reason oil production isn't increasing is that U.S. energy