Long-term U.S. Treasury yields clamber higher Friday, recording their sharpest weekly rise in about six weeks, as debt prices came under pressure over worries about looming inflation as the economy recovers from the coronavirus pandemic with the aid...
The action this week has been centered on the bond market, not the stock market, as Treasury yields have climbed in reaction to the progress on a new stimulus package as well as the global rollout of vaccines.
Silicon Valley's deepening descent into wealth inequality is particularly stark when comparing Big Tech with the San Francisco Bay Area's small businesses.
Oil futures fall Friday, with the U.S. benchmark ending below the $60-a-barrel level, on expectations that crude output shut down by winter storms in Texas will soon be restored.
Despite reports of an exodus, Silicon Valley remains the tech capital of the world, with new data showing continued record investment in the industry in 2020 and no overall declines in jobs and population in the region.