The 10-year Treasury yield moved higher in reaction to January job growth that was more than double what Wall Street economists had expected. The benchmark yield was up more than 3 basis points at 4.176%, while the 2-year Treasury note yield surged 6 basis points to 3.514%, reflecting reduced expectations for Federal Reserve interest rate reductions the rest…
Goldman Sachs has initiated research coverage of the miner Energy Fuels with a buy rating, citing the company’s exposure to two big themes in the energy industry — uranium and rare earths. Goldman set a price target of $30 per share for Energy Fuels, implying nearly 40% upside from Tuesday’s close. Energy Fuels, headquartered in…
Key Points Delinquencies in commercial mortgage-backed securities rose again in January, up 17 basis points from December to 7.47%, according to Trepp. The increase was driven by the beleaguered office sector, which has a lot of distressed properties to work through but is seeing improvements in fundamentals. The rate increase was driven by two exceptionally…
These are the stocks posting the largest moves in midday trading. <
Bill Ackman, founder and CEO of Pershing Square Capital Management, attends the Milken Conference 2025 in Beverly Hills, California, U.S., May 6, 2025. Mike Blake | Reuters Bill Ackman’s Pershing Square revealed a stake in Meta on Wednesday. “We believe Meta’s current share price underappreciates the company’s long-term upside potentialfrom AI and represents a deeply…
A McDonald’s cheeseburger, fries, and soda arranged in Celina, Texas, US, on Tuesday, Sept. 2, 2025. Jake Dockins | Bloomberg | Getty Images McDonald’s is expected to report its fourth-quarter earnings after the bell on Wednesday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $3.05 expected…
Greenlight Capital’s David Einhorn anticipates the Federal Reserve will issue more interest rate cuts this year than what’s being anticipated and that’s giving him greater confidence in his gold bet. While rate cut expectations diminished a bit Wednesday following the much better-than-expected January jobs report, traders are still currently pricing in a more than 88%…
The sell-off in financial services stocks on new fears over artificial intelligence has created a buying opportunity, according to Wall Street analysts. Several wealth management companies tumbled on Tuesday after tech platform Altruist announced a new AI-powered, tax planning tool on its AI platform, Hazel. LPL Financial closed more than 8% lower, Charles Schwab lost…
A basketball finds nothing but net during practice before a 2024 NCAA Tournament game at PPG Paints Arena in Pittsburgh. Charles LeClaire | Reuters Prediction markets saw strong results from the Super Bowl, but it was just an appetizer for a banquet of sporting events in 2026 that are expected to drive surging volumes in…
The Trump administration’s decision to park $500 million of Venezuelan oil revenue in Qatar raises fundamental questions about the South American nation’s future after the U.S. captured former President Nicolás Maduro. Among them: When will a transition of power take place, who will ultimately govern Venezuela and who controls the country’s vast resources? Right now,…
