Treasury yields fall to start the week

On Monday, Fed Governor Lael Brainard is due to speak about the economic outlook at the 63rd National Association for Business Economics annual meeting at 12:50 p.m. ET. Auctions are scheduled to be held on Monday for $42 billion of 13-week bills, $42 billion of 26-week bills, $60 billion of 2-year notes and $61 billion of 5-year notes. U.S. Treasury […]

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Elon Musk busts a move in Shanghai

New York (CNN Business)Wall Street’s current love for Tesla (TSLA) has lifted its shares to a level never before achieved by a US automaker. Tesla shares, which are up more than 160% since hitting a 52-week low last June, now have a market value of $86.5 billion. That gives the electric car-maker the distinction of being the most valuable US […]

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Gold Prices Drifting Lower

Gold prices are lower Thursday morning, reacting to the Federal Reserve’s comments about a series of interest rate hikes in 2022 and 2023, and imminent start start of tapering of its bond-buying program from the later part of this year. However, a weak dollar is limiting gold’s downside. The dollar index is at 93.19, down nearly 0.3% from the previous […]

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LIC IPO: DIPAM shortlists Cyril Amarchand Mangaldas as legal advisor

The listing of LIC will be crucial for the government in meeting its disinvestment target of ₹1.75 lakh crore for 2021-22 (April-March) The government has shortlisted Cyril Amarchand Mangaldas for giving legal advice on upcoming mega IPO of India’s largest insurance company LIC, an official said. Four law firms — Crawford Bayley, Cyril Amarchand Mangaldas, Link Legal and Shardul Amarchand […]

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Cryptocurrency trading mixed, day after China crackdown

Fox Business Flash top headlines for September 24 Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 0.54% lower early Saturday, one day after Chinese regulators said all crypto-related activities are illegal. TIGER WOODS, AUTOGRAPH, DRAFTKINGS LAUNCHING EXCLUSIVE NFT COLLECTION The price was around $42,850 per coin, while rivals Ethereum and Dogecoin were trading around $2,945 (+0.87%) and 21 cents […]

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5 things to know before the stock market opens Friday

Here are the most important news, trends and analysis that investors need to start their trading day: Dow set to drop as it tries to hold its September turnaround Bitcoin sinks as China intensifies crackdown on cryptocurrencies Bond yields rise as China Evergrande contagion fears fade CDC chief overrules panel, clears Pfizer boosters for front-line workers Costco brings purchase limits […]

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Billionaire investor John Paulson's divorce puts stock holdings at stake

Fox Business Flash top headlines for September 22 Check out what’s clicking on FoxBusiness.com. Billionaire investor John Paulson's stock portfolio is at stake in what is expected to be one of the most expensive divorces of all time.  BILLIONAIRE JOHN PAULSON AND WIFE IN EPIC DIVORCE Page Six reported on Wednesday that Paulson and his wife of 21 years, Jenny, […]

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For restaurants, the economic recovery is 'moving in reverse'

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)Six weeks ago, the Federal Reserve was sending signals that it was time to start backing away from crisis-era support for the US economy. “It’s not clear to me that we’re really doing anything useful […]

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China's cryptocurrency crackdown intensifies

Beijing (CNN Business)China is intensifying its crackdown on cryptocurrencies. Chinese government agencies including the country’s securities regulator and the People’s Bank of China (PBOC) said in a statement on Friday that all cryptocurrency-related business activities are illegal and vowed to clamp down on illicit activities involving digital currencies. The agencies said that overseas crypto exchanges would be blocked from providing […]

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