U.S. Treasury yields were higher on Monday as investors looked ahead to the Federal Reserve’s monetary policy meeting and key inflation data due this week. At 4:53 a.m. ET, the yield on the 10-year Treasury was up by over three basis points to 4.4650%. The 2-year Treasury yield was last more than two basis points
Big Tech has been a closely watched theme over the past year, with investors piling into AI poster child Nvidia and the other so-called “Magnificent Seven” stocks: Alphabet , Amazon , Apple , Meta , Microsoft and Tesla . But this heavy focus on just a few stocks has led one portfolio manager to urge
An alternative trading platform CEO wants to revolutionize private equity investing to help mitigate a stalling initial public offering market. So, Forge Global’s Kelly Rodriques partnered with Accuidity to launch the Forge Accuidity Private Market Index this spring. The ultimate goal: Give more investors easier access to unicorns. “This is a major financial innovation that’s
Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen are among the executives investing in the new U.S. professional league, Major League Cricket. Other cricket investors include Iconic Ventures, Madrona Venture Group and executives from Google. “What gets me excited is seeing if cricket can become a mainstream sport in the U.S.,” said Soma Somasegar,
A Salesforce corporate logo hangs over the front door of the Salesforce Tower on January 22, 2024, in New York City. Gary Hershorn | Getty Images LONDON — Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on the U.K. as a global technology hub. The U.S. software
“Spaving,” or spending more to save more, has become a dangerous habit for cash-strapped Americans amid elevated inflation and mounting debt. Though inflation eased in April, the consumer price index was still up 3.4% from a year prior. Despite higher prices, Americans continue to spend. To that point, credit card debt reached $1.12 trillion in
Some investors might be trying too hard to understand bitcoin and missing an investing opportunity in the process, according to an executive from Fidelity Digital Assets. Matt Horne, head of digital asset strategies at the firm’s custody and trading arm for institutional investors, said investors and advisors are busy sharpening their cryptocurrency thesis when a
U.S. Treasury yields were little changed on Tuesday as investors considered the latest economic data and what it could mean for the economy. At 3:19 a.m. ET, the yield on the 10-year Treasury was down by less than one basis point to 4.3943%. The 2-year Treasury yield was last trading at 4.8162% after dipping by
U.S. Treasury yields fell on Monday as investors awaited fresh economic data, including key jobs data, slated for the week. At 3:18 a.m. ET, the yield on the 10-year Treasury was down by over one basis point to 4.4926%. The 2-year Treasury yield was last one basis point lower to 4.8830%. Yields and prices move
VanEck CEO Jan van Eck sees a major sentiment shift underway in the cryptocurrency market linked to the U.S. Securities and Exchange Commission’s approval of a rule change allowing for Ethereum exchange-traded funds. “This is really one of the most amazing things that I’ve seen in my career with respect to securities regulation,” van Eck