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By Elizabeth Stanton (Bloomberg) — Yields on U.S. government debt rose to fresh multi-year highs — stoking demand for an auction of 30-year bonds — as surging oil prices bolstered the case for a Federal Reserve interest-rate hike as soon as next week. Treasury yields rose by five to 12 basis points across maturities, with…
President Donald Trump often refers to the affordability crisis as a hoax. His White House may not agree. Trump called the crisis a “fake” Democrat-created issue on the first night of the Republican National Committee’s first-ever midterm convention this week in Dallas. But the remark sits awkwardly beside months of White House messaging that has…
The S&P 500 Index ($SPX) (SPY) is down -0.54% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.32%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.96%. E-mini S&P futures (ESU26) are down -0.50%, and September E-mini Nasdaq futures (NQU26) are down -0.93%. Stock indexes are falling today, with the S&P 500 and Dow Jones Industrials…
US Open attendees made statements with high-end accessories and designer pieces. Daniel Edward Photography for BI Tennis fans are serving at this year’s US Open. We’re talking about their fashion, of course. Attendees have been photographed walking throughout the USTA Billie Jean King National Tennis Center in New York for the past two weeks, wearing…
One of the largest cryptocurrency thefts from a single victim did not require breaking Bitcoin’s cryptography. Stolen data, a credible story and the victim’s cooperation were enough to take over $245 million in virtual currency from a single Washington, D.C. resident in August 2024. On September 8, 2026, Malone Lam, a 22-year-old Singaporean national, pleaded…
Existing-home sales declined for the third consecutive month in August, deepening a summer sales slowdown that has coincided with a sharp run-up in borrowing costs since May. The seasonally adjusted annual pace of existing-home sales slid 2% from July to 3.98 million units, about 1.2% lower than a year ago and the slowest pace of…
The Pension Fund Regulatory and Development Authority (PFRDA) has set up a committee to work on a guaranteed-return pension scheme for the non-government sector, PFRDA Chairperson Sivasubramanian Ramann said on the sidelines of the Global Fintech Fest (GFF) on Thursday. Ramann said the regulator was working with an expert panel on multiple products that…
Today’s most consequential retail technology investments have little to do with making things better, and more to do with redesigning them entirely. Walmart is rolling out tap-to-pay across its U.S. stores, opening checkout to Apple Pay, Google Pay, Samsung Pay, contactless cards and wearables after years of steering shoppers toward its own payments ecosystem. Amazon,…
Actress Nicole Kidman has major plans to spend more time in London moving forward—though, as the “Nine Perfect Strangers” star has revealed, the city has quietly been a part of her life for decades. Nearly a year after her split from husband Keith Urban, 58, Kidman, 59, let slip to British Vogue that she’s had…
Social Security, once seen as “old-age insurance,” will eventually disappear, this author predicts.