China’s Trade Balance Soars to a Record $1 Trillion
China’s exports surge while imports stagnate. Is global retaliation coming? The surplus was an unprecedented $992 billion in 2024. That was 21% higher than the »
Biden says America 'stronger' on world stage in farewell speech
Joe Biden said Monday (Jan 13) that America was stronger on the global stage than it had been for decades, in a swansong foreign policy speech »
Treasury Yield Curve Steepens, as Long-Term Yields Coddle Up to 5% while Short-Term Yields Stay Put, Not Seeing Any Rate Cuts. Mortgage Rates Rise to 7.24%
Since the Fed’s 100 basis points in rate cuts, the 10-year Treasury yield has risen by 114 basis points, including by 9 basis points on »
JPMorgan’s Jamie Dimon ‘likely’ to become chairman once he quits as CEO
JPMorgan boss Jamie Dimon said Sunday he would “likely” take over as chairman of the Wall Street giant when he eventually steps down as CEO. “That’ »