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Authorities bond yields are falling regardless of the specter of the Fed’s financial coverage judgment
US Treasury bond yields fell slightly early Wednesday as investors waited for the much-anticipated outcome of the Fed’s monetary policy meeting that afternoon. The 10-year benchmark bond yield fell less than one basis point to 1.496% at 3:45 a.m. ET. The yield on the 30-year government bond fell to 2.195%. The returns move inversely to…
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China’s bitcoin miner exodus
Technicians perform repairs on Bitcoin mining machines at a Bitmain-operated mining facility in Ordos, Inner Mongolia, China on Friday August 11, 2017. Qilai Shen | Bloomberg | Getty Images China has long been home to more than half of the world’s bitcoin miners, but now Beijing wants to get them out of the way as…
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Marjorie Taylor Greene apologizes for Holocaust Covid feedback
Representative Marjorie Taylor Greene (R-GA) holds a press conference outside the U.S. Capitol following a private visit to the Holocaust Museum, to express contrition for previous remarks about Jewish people, in Washington, June 14, 2021. Evelyn Hockstein | Reuters Rep. Marjorie Taylor Greene, R-Ga., apologized Monday for a series of comments she made comparing coronavirus-related…
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In line with the WHO, Covid is spreading quicker than the worldwide distribution of vaccines
Funeral directors wearing personal protective equipment carry a coffin during the funeral of a COVID-19 victim amid a coronavirus disease (COVID-19) nationwide lockdown at Olifantsvlei Cemetery, southwest of Joburg, South Africa, Jan. 6, 2021. Siphiwe Sibeko | Reuters The global spread of Covid-19 is advancing faster than the global distribution of vaccines, World Health Organization…
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Biden-Putin might recall 1961 Kennedy-Khrushchev summit
Do not expect President Biden to call attention to the fact that his meeting with Russian President Vladimir Putin on Wednesday in Geneva coincides with the 60th anniversary of President John F. Kennedy’s disastrous Vienna Summit with Kremlin leader Nikita Khrushchev in June 1961. Yet nothing could provide Biden a more useful warning than the…
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Israeli parliament votes on new authorities and ends Netanyahu rule
Israeli Prime Minister Benjamin Netanyahu. ABIR SULTAN | AFP | Getty Images The Israeli parliament, the Knesset, met on Sunday to vote on its new government – and a new prime minister for the first time in 12 years. The vote, which is supposed to usher in the leadership of a very diverse and cobbled…
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Digital greenback may push extra folks into bitcoin, fund supervisor says
A digital dollar won’t ruin Bitcoin, according to two cryptocurrency fund managers. As central banks around the world consider digitizing their fiat currencies, the trend could actually drive more investors into crypto, Grayscale’s Michael Sonnenshein and Osprey Funds’ Greg King told CNBC this week. “That will not displace market share or, if at all, compete…
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Right here’s what traders can anticipate from Invoice Ackman’s Common Music SPAC deal
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Company: Pershing Square Tontine Holdings, Ltd. (PSTH) Business: Pershing Square Tontine Holdings is a special purpose acquisition company (“SPAC”). The firm does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or…
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Physician warns southern states susceptible to Delta variant this summer season
Dr. Peter Hotez warned that southern US states could feel the effects of the highly transmissible Delta-Covid variant as early as this summer, in part due to low vaccination rates. “I’m really holding my breath about the south and what’s happening this summer,” said Hotez, co-director of the Center for Vaccine Development at Texas Children’s…
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G-7 leaders promise 1 billion doses of Covid vaccines to poorer nations
LONDON – The G-7 leaders are expected to pledge 1 billion doses of coronavirus vaccine to poorer nations this weekend to allay concerns about vaccine nationalism. The world’s most advanced economies – as the G-7 defines itself – have been criticized for not sharing more vaccines with countries that have fewer resources. For example, the…
