Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City. Michael M. Santiago | Getty Images Stocks experienced a modest slide on Thursday as investors on Wall Street analyzed remarks made by Federal Reserve Chair Jerome Powell while keeping an eye on a …
Billionaire hedge fund manager Bill Ackman believes long-term Treasury yields can soar even higher in the short run due to persistent inflation. “I wouldn’t be surprised to see 30-year rates surpass the 5% mark, and we may see the 10-year approach 5% as well,” he revealed during an interview at the CNBC Delivering Alpha Investor …
The House Republicans are currently pushing for budget cuts in their debt-ceiling standoff with President Joe Biden, which has intensified the generational and racial conflict that is prevalent in American politics. The GOP’s plan focuses on cutting spending for programs that support children and young adults, who are the most racially diverse generations in the …