Wall Street's go-to recession indicator is starting to get attention
CNN
Past may not be prologue for financial markets as the global economy continues to reel from the pandemic. But a traditional recession signal is still catching Wall Street's attention.
What's happening: The US government bond market sold off on Thursday alongside stocks following the news that inflation reached 7.5% in January — its highest level in four decades. The yield on the benchmark 10-year US Treasury, which moves opposite prices, shot above 2% for the first time since 2019. It was close to 1.5% at the end of last year.
KFC, the fast food chain formerly known as Kentucky Fried Chicken, is leaving the state where it all began.
Federal layoffs may soon come for America’s largest mortgage insurer, a powerful engine of the country’s housing market.
The crash landing of Delta Air Lines flight 4819 in Toronto is some of the scariest video I’ve ever seen. While thankfully there were no fatalities, videos like that are the stuff that nightmares are made of.
President Donald Trump said on Tuesday that he plans to impose tariffs of around 25% on auto imports as well as semiconductors and pharmaceuticals shipped to the United States as early as April 2.
HSBC HSBA.L posted annual profit on Wednesday that beat estimates, helped by increased revenue in wealth and markets businesses, and set stiff cost-cut targets as its new CEO implements a revamp of the Asia-focused bank to boost returns.
President Donald Trump said on Tuesday that he plans to impose tariffs of around 25% on auto imports as well as semiconductors and pharmaceuticals shipped to the United States as early as April 2.
Regional jets are despised by many passengers. They’re uncomfortable and cramped, with little space for both carry-on luggage and people. The good news is their use is on the decline, but the bad news is, for many routes, there’s no choice but to fly them.
The Department of Government Efficiency (DOGE) — the special entity created by President Donald Trump and run by Elon Musk to bring about greater “governmental efficiency and productivity” — has been pressing for authorized access to IRS data systems right in the middle of tax-filing season.
xAI on Monday unveiled its updated Grok 3 artificial intelligence model, as the Elon Musk-led startup works to keep pace with the reasoning and search capabilities in competitors’ models.
Nike is in a slump. Sales are down, its stock has lost more than a quarter of its value over the past year and its new CEO needs some help turning around the aging athletic company. Enter Kim Kardashian.
Poppi and Olipop, watch out: Coca-Cola is entering the “better for you” soda category with a response of its own.
The White House has ordered thousands of government web pages to be taken down over the past month, leaving virtually no trace of some federal agencies’ policies regarding critical topics such as sexual orientation, January 6 cases and discrimination.
Southwest Airlines said Monday it will cut 15% of its corporate workforce, or 1,750 people — the first involuntary layoffs in the company’s history.