(Bloomberg) -- A key segment of the US Treasury yield curve briefly turned positive as weaker-than-anticipated labor-market data bolstered bets on steep interest-rate cuts by the Federal Reserve.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsTreasuries jumped on Wednesday — led by shorter-maturity notes that are more sensitive to the Fed’s monetary policy — after US job open
Trump Tax Cuts Would Cost More Than Almost All Federal Agencies
(Bloomberg) -- Republican nominee Donald Trump and running mate JD Vance are campaigning on a grab bag of tax cut proposals that could collectively cost as much as $10.5 trillion over a decade, a massive sum that would exceed the combined budgets of every domestic federal agency.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsEven if Congress were to eliminate every dollar of
Coinbase CFO reveals Kamala Harris Super PAC will accept crypto donations
Speaking at Citi’s 2024 Global TMT Conference, Coinbase chief financial officer Alesia Haas says the exchange has increased its policy spend leading up to the election
Why Bitcoin, Ethereum, and Dogecoin Are Rising Today
These three top cryptocurrencies are edging higher despite clear macro risks.
Wall Street ends slightly down after weak labor market data, dovish Fed comments
U.S. stocks finished slightly lower in choppy trading on Wednesday following labor market data and comments from a Federal Reserve official that bolster the case for an interest rate cut. Labor Department data showed that U.S. job openings fell to a 3-1/2-year low in July, indicating continued easing of labor market tightness that could strengthen the Fed's hand to begin cutting rates at its next meeting later this month. The benchmark S&P 500 and Nasdaq edged to a lower close while the Dow ended slightly higher.
Rate Options Show Rising Bets on a Half-Point Fed Cut This Month
(Bloomberg) -- Rate options traders stepped up wagers that the Federal Reserve will kick off its easing cycle with a half-percentage-point cut this month, reflecting the increasing speculation that policymakers will act aggressively to keep the economy from sputtering.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsOptions tied to the Secured Overnight Financing Rate show tha