The policy-sensitive 2-year Treasury yield rose for a fifth straight session on Thursday, finishing at its highest since March, after data showed the U.S. private sector added more than twice as many jobs as expected for last month. What happenedWhat drove markets In data released on Thursday, ADP’s employment report…
Few Wall Street strategists were looking for a robust rally to kick off 2023 after 2022 went into the books as an exceptionally brutal year. And then there was Tom Lee, an enduring equity bull and the head of research at Fundstrat Global Advisors, who set a 2023 year-end price…
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The Dow fell 500 points on Thursday after a report from ADP showed the private sector created nearly half a million new jobs in June, sending Treasury yields higher and heaping more pressure on U.S. stocks.How are stocks trading Stocks fell Wednesday as U.S. investors returned from the July 4…
A Republican Senate duo is trying to block President Joe Biden’s ambassador nominations, but new research suggests the concern with Biden’s ambassador appointments could run deeper than the duo’s ideological issues. Some appointees might be making up for a shortage of diplomatic experience with a history of campaign donations, according…
Oil futures settle at their highest in two weeks on Wednesday, finding support after Saudi Arabia’s energy minister reportedly said that the kingdom and its allies will do whatever is necessary to support the oil market. The comments from Saudi Energy Minister Prince Abdulaziz bin Salman at an OPEC+ seminar…
Facebook parent Meta Platforms Inc. has a history of squeezing competitors with copycat products — as well as producing some clunkers. Meta’s META new app Threads, reportedly set to debut Thursday, is being hailed as a Twitter killer. But a deeper look at Facebook/Meta’s track record of imitators reveals mixed…
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Has BTS finally met its match when it comes to K-pop dominance? Seventeen, an all-male group that made its debut in 2015, is emerging as the biggest force in the world of Korean pop (or K-pop) — and starting to post sales figures that top that of BTS, the group…
*Sponsored by GameSquare, see disclosures below With all the holiday fun behind us, it’s time to get back to business with my latest ?Bright Idea for the week! Time is always of the essence when it comes to spotting a new idea, so I am getting this stock in…