U.S. Treasury yields were higher on Thursday as investors digested the Federal Reserve’s decision to cut interest rates by 50 basis points on Wednesday. 2:49 am ET, yields on 10 Year Treasury It rose over a basis point to 3.7018%. The 2 Year Treasury The yield was less than a basis point at 3.6127%. Yield…
The Federal Reserve said Wednesday it would cut its benchmark interest rate by 0.50 percentage points, marking the first cut in four years and moving to ease borrowing costs as inflation-weary consumers struggle with higher rates on everything from mortgages to credit cards. Central Bank He said The cut lowers the federal funds rate to…
A tugboat heads toward Baltimore Harbor as rescue crews continue to clear debris from the collapse of the Francis Scott Key Bridge over the Patapsco River on June 11 in Baltimore. The city’s Fort McHenry Federal channel was opened for shipping a few months later when the cargo ship Daly struck the bridge and collapsed….
John David “JD” Souther, a member of the Songwriters Hall of Fame known for his co-written hits with the Eagles, James Taylor and Linda Ronstadt, has died at the age of 78. The singer-songwriter died peacefully at home in New Mexico, representatives of Solders PR said. Cause of death not reported. Souther was born in…
On the night of September 17, the Earth, Sun and Moon will create three celestial phenomena. In many places, depending on the time zones, people will have the opportunity to see the harvest moon, super moon and lunar eclipse when the full moon rises. Here’s what you need to know about these events: First things…
Several cities in southeastern North Carolina saw historic rainfall on Monday. Rainfall was a particularly notable record along the coast of Carolina near Wilmington. According to the National Weather Service, 18 inches of rain fell on Ocean Boulevard in 12 hours — something meteorologists said only happens “once every 1,000 years.” “Historical rainfall occurred today…
(Reuters) – Intel’s ( INTC ) foundry or contract manufacturing business has signed on as a customer for Amazon’s ( AMZN ) cloud services unit to make custom artificial intelligence chips, the companies said on Monday, a deal that would give the chipmaker a vote. hope Shares of Intel rose nearly 8% in extended trading…
Social media giant Meta announced on Monday that it was banning Russian media outlet RT, days after the Biden administration accused RT of working as part of Moscow’s spy agencies. “After careful consideration, we have expanded our existing enforcement against Russian state media. Rossiya Segodnya, RT and other related companies are now banned from our…
Reuters A flooded area in Nysa, Poland The Czech Republic, Poland and Austria reported the highest death toll as floods hit central Europe over the weekend. In the Czech Republic, one person drowned in a stream near the town of Brundal in the country’s northeast, and seven others are still missing. Four people are known…
Tito Jackson, an original member of the hit-making pop group The Jackson 5, has died, his family confirmed Monday. He is 70 years old. NBC Los Angeles Spoke to a family member He who confirmed death. Even his sons He posted the news on Instagram. “It is with heavy hearts that we announce that our…
