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Treasury yields have dropped since Treasury Secretary Scott Bessent's pledge to increase bond buybacks but it's not a lasting solution.
French sugar maker Tereos expects this summer's extreme heat and drought to reduce its growers' sugar beet yields by more than 20% compared with last year, contributing to an anticipated 38-year low for EU sugar output, the company said on Wednesday.
Bitcoin is up about 22% since Treasury Secretary Scott Bessent said on Aug. 20 that the US would “at least double” planned purchases of outstanding 10- to 30-year debt. Bloomberg's Ryan Weeks analyzes whether the momentum can last.
West Texas Intermediate and Brent crude's October contracts declined by almost 7% and 9% in five days, respectively.
The move comes as continued uncertainty around the Middle East conflict and fresh fiscal anxiety about the U.S. economy kept market pricing for rates moves in flux.
Nvidia is optimally positioned to benefit from the $3T AI datacenter buildout without bearing the associated off-balance sheet risk. Big Tech's off-balance sheet AI-related obligations now exceed $3T, dwarfing reported debt and posing systemic risk if AI demand projections fall short.
Credo Technology remains rated "sell" due to persistent overvaluation and heightened execution risk despite a recent 33% drawdown. CRDO's growth is shifting from high-margin Active Electrical Cables to lower-margin optics, where it faces strong competition and integration risks from the DustPhotonics acquisition. Customer concentration remains acute, with the top 2 customers at 61% of sales and no long-term purchase commitments, amplifying revenue risk.
Allianz chief economic advisor Mohamed El-Erian shares his thoughts on Treasury Secretary Scott Bessent's bond buyback plan on ‘The Claman Countdown.' #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #theclamancountdown #mohamedelerian #elerian #scottbessent #bessent #treasury #bonds #bondmarket #markets #investing #investment #economy #finance #wallstreet #government #fiscalpolicy
Iran and Oman said they are approaching a deal to secure safe transit through the Strait of Hormuz. Oil prices extended declines, despite traffic on the Strait falling by two-thirds from their 10-day average.
Equities strengthened amid resilient growth and robust earnings revisions. The ETF underperformed the benchmark, with an underweight position and stock selection in the Information Technology sector detracting from its relative returns. We remain neutral on equities and selective in how we express risk.
Five commodity vessels transited the Strait of Hormuz on Tuesday, broadly unchanged from a day earlier but well below the 10-day average of 15, preliminary shipping data showed on Wednesday.
At least three Indian oil refiners and a global energy major plan to stop using vessels on Iran's new blacklist, including for ship-to-ship transfers, due to security concerns, four sources with direct knowledge of the matter said this week.
India's Tilaknagar Industries is open to another large deal after its nearly $500 million purchase of the Imperial Blue whisky brand from Pernod Ricard , a top executive said, as consolidation gathers pace in India's liquor market.
"US sanctions on Iran were less severe than anticipated," said Dan Coatsworth, head of markets at AJ Bell. Iran and Oman are discussing a joint temporary shipping route in the Strait of Hormuz, as a precursor to a permanent arrangement to administer the waterway.
Asian currencies consolidated against the dollar but may be supported by signs of Middle East talks, which could support risk appetite.
