July 8, 2024
Finance

Treasuries Hit as Traders Weigh US Election Risks: Markets Wrap

(Bloomberg) — The world’s biggest bond market got hit as traders weighed some of the potential implications of the November US election after last week’s presidential debate between Joe Biden and Donald Trump. Most Read from Bloomberg Treasuries fell — with longer-term maturities largely underperforming shorter ones. After struggling to find direction in the first

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Finance

Warren Buffett says taxes may rise to offset widening US deficits

NEW YORK (Reuters) -Warren Buffett said he expects the U.S. government to increase taxes to tackle widening fiscal deficits rather than reduce spending. “I think higher taxes are likely,” he said on Saturday at Berkshire Hathaway’s annual shareholder meeting in Omaha. “They may decide that some day they don’t want the fiscal deficit to be

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