Treasury yields fell Monday after unexpectedly robust jobs data increased the likelihood of aggressive rate hikes by the Federal Reserve. The benchmark 10-year Treasury yield declined 4 basis points to approximately 2.7993%, while the 30-year Treasury yield declined 2 basis points to 3.0383%. Yields move inversely to prices and a basis point equals 0.01%. That … Read more
SoftBank’s Vision Fund, the brainchild of company founder Masayoshi Son, has faced a number of headwinds, including a collapse in technology stocks due to rising interest rates, a difficult Chinese market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images SoftBank posted one of its biggest losses at its Vision Fund investment unit for the … Read more
A Chinese military jet flies over Pingtan Island, one of the closest points in mainland China to Taiwan, on August 5, 2022. Hector Retamal | AFP | Getty Images The Chinese military announced new military exercises in the seas and airspace around Taiwan on Monday — a day after the planned end of the largest-ever … Read more
Hong Kong is reducing the amount of time travelers need to be in hotel quarantine from seven days to three from Friday. “The seven-day quarantine hotel arrangement will be changed to three days in a quarantine hotel, plus four days of medical supervision at home,” CEO John Lee said at a news conference Monday. Upon … Read more
A gamer plays on Sony’s Playstation 5 console at his home in Seoul. Yelim Lee | AFP via Getty Images The video game giants saw their sales decline in the second quarter as the initial tailwind of the Covid pandemic faded. In the three months ended June, Microsoft, Sony and Nintendo each posted disappointing results … Read more
The Asia-Pacific gas market has taken another blow after major natural gas producer Australia indicated it could potentially cut liquefied natural gas exports as the region struggles with tight gas supplies, high prices and competition from gas-poor European buyers. Australia aims to cut its overseas sales in favor of domestic consumption ahead of an expected … Read more
It’s a class of exchange-traded funds designed to keep your portfolio from hitting dramatic lows, but it may require a level of sophistication. The idea: Include short-term leveraged plays, including covered call and risk reversal strategies to help investors adjust their own defensive strategies, similar to hedging. However, there may be an unintended price involved. … Read more
A bulldozer moves piles of coal in the port of Lianyungang on July 29, 2022. China’s coal imports rose in July, customs data shows. Visual China Group | Getty Images Chinese coal imports in July rose by nearly a quarter from June to nearly their highest level yet this year, as power generators ramped up … Read more
Federal Reserve Bank governor Michelle Bowman makes her first public comments as a federal policymaker at an American Bankers Association conference in San Diego, Calif., Feb. 11, 2019. Ann Sapphire | Reuters Federal Reserve Governor Michelle Bowman said on Saturday that she supports the central bank’s recent major rate hikes and thinks they will likely … Read more
Companies are not afraid to pick up and move. Many states offer companies tempting incentives such as lower taxes if they relocate their operations, but a superior business environment does not always equate to a superior work environment. “Things that benefit employers when it comes to their profit or their margin, in terms of economic … Read more