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Bond market’s most deeply inverted gauge is pointing to ‘large slowdown in economic growth’ and ‘deep recession’
The most deeply inverted part of the U.S. yield curve is one that hasn’t sent a false signal about the prospects of a U.S. recession in more than a half-century of research. That’s the spread between 10-year and 3-month Treasury yields, which was around 153 basis points below zero as of Thursday — reflecting a…
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More than 168,000 tech-sector employees have lost their jobs since the start of 2023
More than 168,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi. The website’s tally of 2023 global tech layoffs has gone up more than sixfold since mid-January. The data show that 2023 has surpassed 2022 for global tech redundancies, with 561 tech companies laying…
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HBAN Stock Price | Huntington Bancshares Inc. Stock Quote (U.S.: Nasdaq)
Huntington Bancshares, Inc. operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, other financial products and services. The firm operates through the following segments: Consumer & Business Banking, Commercial Banking, Commercial…
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10-year Treasury yield drops for sixth straight session, longest stretch since March 2020, amid recession fears
Most Treasury yields fell on Wednesday, with the 10-year rate declining for a sixth straight session, after data showed the U.S. economy’s private sector added fewer-than-expected jobs in March and reinforced recession fears. What happened The yield on the 2-year Treasury TMUBMUSD02Y, 3.787% declined 7 basis points to 3.761% from 3.831% on Tuesday. Wednesday’s level…
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I’m 61 and earned $83,200 in investment income last year. Will that affect my Social Security benefit?
Dear MarketWatch, I really enjoy your articles. Thank you for your terrific work. My question is this: I know that if you take Social Security before your full retirement age, you’ll lose $1 in benefits for every $2 over the earnings threshold. But does that include investment income or just wages? I’m 61 and I…
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Nicola Sturgeon’s husband has been arrested in campaign-finance probe, reports say
Peter Murrell, the husband of former Scottish First Minister Nicola Sturgeon, has been arrested over campaign-finance allegations, BBC News and other media outlets reported. Police Scotland said in a statement that a 58-year-old man was arrested as a suspect in connection with the ongoing investigation into the funding and finances of the Scottish National Party.…
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Mortgage demand falls — despite a dip in the 30-year rate — as buyers struggle to find homes for sale
The numbers: The rate for a 30-year mortgage dipped for the fourth week in a row, but buyers aren’t seizing the opportunity, as they can’t find many listings on the market. Demand for mortgages fell 4.1% in the latest week as the 30-year fixed-loan rate dropped for the fourth consecutive week. Demand fell for both…
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Bud Light draws backlash after promoting trans activist Dylan Mulvaney, but marketing pros say it’s a smart move
When trans activist and actress Dylan Mulvaney shared this past weekend on social media that she was featured in a Bud Light BUD, -0.05% promotion, it prompted transphobic backlash from many conservative commentators and fans of the beer alike. One commentator wrote: “Who the hell at @budlight thought it was a good idea to make…
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Oil-production cuts threw ‘another log on the fire’ in Fed’s inflation fight, says BlackRock’s Rick Rieder
Soon after March’s sudden bank failures startled markets, April kicked off with surprise oil-production cuts that left investors worried about potential ripple effects on still high inflation. Rick Rieder, BlackRock’s chief investment officer of global fixed income and head of the firm’s global allocation investment team, said in a phone interview that when he saw…
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The commodity supercycle is still young, these strategists say. Here’s why.
Be careful what you wish for. U.S. job openings dropped below 10 million, a symbolic sign that the Federal Reserve’s efforts to combat inflation by sapping labor-market demand was working — and U.S. stocks promptly fell. Perhaps the bigger issue is that investors were not willing to push stocks out of the 3,800 to 4,200…