Business > Technology

Gold slips below $1,700 to three-week low as Biden's spending plan lifts yields

22 days ago   |   By Business Insider

Summary List Placement Gold prices dropped below $1,700 for the first time in three weeks, under pressure as long-dated Treasury yields and the US dollar rose on expectations that President Joe Biden will launch efforts to secure a $4 trillion infrastructure package.
The latest decline in gold prices stands to bring the metal's loss to more than 11% so far this year. Gold fell as much as 2.1% to $1,678.30 an ounce on Tuesday before paring the loss to 1.6%.
"Gold just hasn't been able to get out of its way this quarter. Despite concerns over inflation, the yellow metal has been weak as...
Read more ...

 

Treasury yields rise to highest in 14 months as vaccinations accelerate and Biden prepares to unveil new spending plan

Treasury yields rise to highest in 14 months as vaccinations accelerate and Biden prepares to unveil new spending plan

22 days ago   |   By Business Insider

Summary List Placement Borrowing costs gauged by the 10-year Treasury yield hit a 14-month high Tuesday, with investors pricing in expectations of higher inflation and a stronger US economy as the government prepares to announce a new multi-trillion spending plan and more Americans receive COVID-19 vaccinations.
The 10-year yield marched up to 1.778% from 1.712% on Monday, extending this year's fast-paced gain from about 0.9%. Alongside the gains have been pullbacks in technology shares that have largely surged in value since last March as investors sought exposure to companies that would...
Read more ...

 

US stocks dip as yields rise on Biden's spending plan and pace of economic recovery

US stocks dip as yields rise on Biden's spending plan and pace of economic recovery

22 days ago   |   By Business Insider

Summary List Placement
US stocks dipped Tuesday as the yield on the 10-yr US Treasury rose to a 14-month high.
Investors are waiting for Biden to detail his infrastructure spending plan and revamped tax policy in an address Wednesday.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
US stocks were slightly lower at the open Tuesday morning and bond yields rose as investors looked to Biden's latest spending plan and continued to assess the fallout from the Archegos Capital Management implosion.
The 10-year US Treasury yield continued its march higher, rising 5...
Read more ...

 


Search by Tags

   Technology      Economy      U.S.      Market  


‘I don't owe Snoop $2MN': UFC's White denies ‘illegal' wager with rapper...

‘I don't owe Snoop $2MN': UFC's White denies ‘illegal' wager with rapper after telling Mike Tyson that Askren would beat Jake Paul

Dana White has denied rumors that he owes Snoop Dogg $2 million after Jake Paul knocked out Ben Askren and insisted that he has never illegally betted in his life - despite the... Read more ...

Tesla's top lawyer has left Elon Musk's company for a 26-year-old...

Tesla's top lawyer has left Elon Musk's company for a 26-year-old billionaire's self-driving startup

Summary List Placement Tesla's top lawyer, Alan Prescott, has left the electric car company to join Luminar Technologies, a startup that develops laser sensors for self-driving... Read more ...

After Derek Chauvin's guilty verdict, here's why it's still so rare for a...

After Derek Chauvin's guilty verdict, here's why it's still so rare for a police officer to be tried and convicted of murder

Summary List Placement Derek Chauvin's guilty verdict for the murder of George Floyd was met with relief. But it was also a rare case in which a police officer was punished for... Read more ...

JetBlue and American are launching 24 new routes as the two airlines expand...

JetBlue and American are launching 24 new routes as the two airlines expand their partnership

Summary List Placement JetBlue Airways and American Airlines are once again expanding their partnership in what they call the "Northeast Alliance" with new routes and expanded... Read more ...

Amazon installed hand scanners in Whole Foods stores that lets shoppers pay...

Amazon installed hand scanners in Whole Foods stores that lets shoppers pay with a palm print. Here's how they work

Summary List Placement Amazon is installing a system that allows customers to pay for goods using the palm of their hand at Whole Foods stores in the Seattle area. The company... Read more ...

Fake COVID-19 vaccines have been discovered by Pfizer in Mexico and Poland

Fake COVID-19 vaccines have been discovered by Pfizer in Mexico and Poland

Summary List Placement Fake coronavirus vaccines are popping up, with the first two cases in Mexico and Poland, pharmaceutical giant Pfizer said, according to a report from the... Read more ...

Bernie Sanders wants a new $2.4 billion Wall-Street tax to pay for free...

Bernie Sanders wants a new $2.4 billion Wall-Street tax to pay for free college education in the US

Summary List Placement Sen. Bernie Sanders and Rep. Pramila Jayapal on Wednesday introduced legislation that would tax Wall Street to pay for free college education for... Read more ...

Winklevoss-backed crypto platform Gemini has more than doubled the assets it...

Winklevoss-backed crypto platform Gemini has more than doubled the assets it stores so far this year

Summary List Placement The crypto platform Gemini, which was founded by the Winklevoss twins, has more than doubled the crypto assets under its custody so far this year. It now... Read more ...

George W. Bush Lends His Voice To Immigrants In 'Out Of Many, One'

George W. Bush Lends His Voice To Immigrants In 'Out Of Many, One'

The former president's book features portraits of 43 immigrants - athletes, public servants, business leaders, educators: "I am attempting to join others in saying the system's... Read more ...

Boris Johnson in lobbying scandal as leaked texts reveal he promised to...

Boris Johnson in lobbying scandal as leaked texts reveal he promised to 'fix' tax issue for James Dyson

Summary List Placement Prime Minister Boris Johnson personally texted a billionaire entrepreneur to assure him that he would "fix" a tax issue for his company, as the ongoing... Read more ...