Major U.S. financial powerhouses Bank of America and JP Morgan are going on a borrowing spree, after reporting blockbuster first-quarter financial results this week, smashing record after record along the way.
The 10-year Treasury note faced some selling pressure on Friday but that didn’t stop long-dated U.S. government debt from logging their sharpest yield declines in weeks.
Congress, like many other areas of American life, is slowly but surely beginning to return to normal as more lawmakers and staff get vaccinated and the level of coronavirus worry ebbs. Lawmakers say there’s still a long ways to go yet, though.
The Norwegian government said it needs more time to decide whether to restart the use of AstraZeneca’s COVID-19 vaccine, or permanently remove it from the country’s immunization program.
The measures include for the first time far-reaching financial sanctions, including restrictions on U.S. financial institutions’ ability to trade Russian sovereign debt.
Wealthy investor Mike Novogratz speculates that bitcoin could be worth $100,000 by the end of 2021 and sees that value increasing by five-fold by 2024, as the nascent crypto market continues to evolve and grow.
Oil futures pull back on Friday, after posting four consecutive session gains, but score a more than 6% weekly climb. Support from a strong economic report from China helped to offset pressure from concerns that rising cases of COVID in parts of the world threaten a fitful recovery from the demand-sapping pandemic.
Dogecoin, dogecoin, dogecoin! That must be what bitcoin holders are saying lately. Owners of the world’s No. 1 crypto, like Jan from the 1970s-era sitcom, The Brady Bunch, must feel as if they have been living in the shadow of a more intriguing sister crypto.
The World Health Organization warned Friday that the global tally of confirmed cases of the coronavirus-borne illness COVID-19 has almost doubled in the last two months, and is now approaching the highest rate seen since the start of the pandemic.
There’s little doubt that demand for lumber, steel, and other commodities will get a boost from President Joe Biden’s $2.3 trillion proposed infrastructure package. Prices for some building materials, however, have already booked phenomenal gains in the first three months of the year, potentially setting limits on an extended rally.
The No. 1 streaming leader is attempting to monetize a bonanza of new subscribers from a year ago while fending off a herd of competitors like Walt Disney Co.’s Disney+, Apple Inc.’s AppleTV+, AT&T Inc.’s HBO Max, Amazon.com Inc., Comcast Corp.’s Peacock, and ViacomCBS Inc.’s Paramount+ that are trying to pry them away.