Job Gains Blow Past Expectations in August
U.S. employers added a robust 162,000 jobs in August, the Labor Department said Friday, far surpassing economists’ consensus expectations. The...
Employers Expect Big Jump in Health Insurance Costs Next Year
U.S. employers expect to see a significant jump in health insurance costs next year, according to a new survey by the consulting firm Marsh. The...
Government Bonds Under Pressure
The yield on the 10-year U.S. Treasury note rose more than 3 basis points Tuesday to 4.79%. Driven higher by concerns over the latest flare-up in the...
Warsh Says Fed Has 'Work to Do' to Fight Inflation
In a highly anticipated speech at the annual Jackson Hole Economic Symposium on Friday, Federal Reserve Chair Kevin Warsh told the gathering of...
Canada Strikes Back in Trade War, Targets Key US States
As promised, Canada responded to President Trump’s 50% tariffs on a $20 billion basket of Canadian goods by imposing its own tariffs on roughly $20...
Trump Slaps 50% Tariff on Select Canadian Goods, Threatens More
The Trump administration imposed 50% tariffs on about $20 billion worth of Canadian products on Saturday following the collapse of trade talks between...
Bessent Promises a New Fiscal Plan as His Bond Market Intervention Fizzles
The effects of Treasury Secretary Scott Bessent’s extraordinary intervention in the bond market faded quickly on Thursday. One day after Bessent...
Treasury Makes a Surprise Move to Bring Down Borrowing Costs
The bond market has been sending a warning signal this summer. On Wednesday, the Treasury Department responded. After a bond market selloff drove long...
30-Year Treasury Yield Touches a 19-Year High as US Debt Approaches $40 Trillion
The yield on benchmark 30-year Treasury bonds briefly hit a fresh 19-year high on Tuesday before pulling back slightly. The recent surge that lifted...
Trump Wants Navy Carriers Redesigned to Look More Like World War II Era
President Trump doesn’t like the way the U.S. Navy launches planes from its new Ford-class aircraft carriers or the way the carriers look, and so the...