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America’s financial system came close to the brink
For a good few hours on April 9th, disaster beckoned. Share prices had been falling for weeks. Then the market for American Treasury bonds—normally among the safest assets available—started convulsing...
Bonds crater, 10-year yield spikes briefly above 4.5% in confounding move that’s worrying Wall Street
The bond market — not a plunging stock market — is the talk of Wall Street with prices tumbling and yields spiking, unusual action during times when fears of a recession are growing where fixed income...
Global bond rout starting to sound market alarm bells
U.S. Treasuries, the bedrock of the global financial system, were hit by fresh selling pressure on Wednesday in a sign that investors were dumping their safest assets as turmoil unleashed by U.S. tari...
Global ratings agency Fitch on Thursday downgraded China's long-term foreign currency credit rating to 'A' from 'A+', on expectations of weak public finances and rapidly rising debt.
The latest U.S. r...
JPMorgan becomes the first Wall Street bank to forecast a US recession following Trump's tariffs
JPMorgan believes the US economy will enter a recession in the back half of 2025 as the impact of President Trump tariffs takes hold in the economy. The firm's chief US economist Michael Feroli sees a...
Dow Opens Sharply Lower, Bonds Rally After China Retaliates Against Trump Tariffs
China lashed back at President Trump’s tariffs, applying 34% levies on all imported goods from the U.S. Beijing said the levies would come into effect next Thursday, the day after a big part of Trump’...
Australia central bank highlights global risks as it keeps rates steady at 4.1%
Inflation has stayed within the bank’s target range since August 2024, and prompted the RBA to cut rates in February. The central bank said it was “cautious” about its outlook, pointing out that recen...
The CFPB was on the brink of shutdown. Here’s what a judge’s temporary stay means for borrowers and consumers.
A federal judge is ordering the Trump administration to keep the lights on at the Consumer Financial Protection Bureau with an injunction that maintains the regulator’s operations and workforce — at l...
US stocks tumble as consumer gloom raises stagflation fears
Americans express rising alarm over economy and job prospects as Trump’s tariffs weigh on outlook. Wall Street stocks dropped on Friday as signs of strain among American consumers added to worries the...
Trump’s Treasury is running out of money fast. Why the ‘x date’ matters for markets.
The Trump administration has exhausted its legal authority to issue new incremental debt to pay the U.S. government’s obligations — for everything from Social Security checks to military operations. I...