Capital Group, a 94-year-old mutual fund powerhouse known for its conservative investment approach, has grown a $1 billion position in Bitcoin-related stocks into more than $6 billion. Mark Casey, a portfolio manager with 25 years at Capital Group, led the firm’s move into Bitcoin. Casey, who describes his investment style as shaped by Benjamin Graham and Warren Buffett, has become …
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10-year Treasury yield falls to 4% as traders weigh more inflation data; jobless claims rise to highest since 2021
The 10-year U.S. Treasury yield fell to 4% Thursday as investors assessed the latest inflation data, as well as a jump in jobless claims, that complicate the interest rate outlook. The yield on the benchmark 10-year Treasury was last down less than 2 basis points at 4.013%. It had fallen by more than 3 basis points at 4.00% earlier in …
Read More »Eightco Stock Jumps 3000% on Worldcoin Treasury Strategy, BitMine Investment
In brief Eightco raised $250M to buy Worldcoin and changed its ticker to ORBS in a crypto treasury pivot. BitMine backed Eightco with $20M and called the Worldcoin play its first big “moonshot” investment. Eightco bet on Worldcoin over Bitcoin or ETH, sparking questions about the strategy. Eightco Holdings Inc. shares surged more than 3,000% Monday after the obscure e-commerce …
Read More »Why 10-year Treasury yield’s recent drop could be a recession indicator – MarketWatch
Why 10-year Treasury yield’s recent drop could be a recession indicator MarketWatch DoubleLine Says Fed Rate Cuts Will Lead to Steeper Yield Curve Bloomberg.com Yield Curve Steepening Implications For The Income Market Seeking Alpha Explainer: What does a steep US yield curve mean for banks and the economy? Reuters The Market’s Smoke Alarm: What the Yield Curve Is Telling Traders in 2025 InvestorPlace Source link
Read More »Dan Ives to become chair of company that will buy Sam Altman-backed Worldcoin for its treasury
Daniel Ives, Wedbush Securities Scott Mlyn | CNBC Wedbush Securities’ Dan Ives is joining a new company focused on accumulating Worldcoin (WLD), the native token of the blockchain used in Open AI creator Sam Altman’s biometric identity verification startup, World. Eightco Holdings, a tiny company that currently trades on the Nasdaq under the ticker “OCTO,” announced Monday that Ives, Wedbush’s …
Read More »US treasury secretary denies Trump tariffs are tax on Americans | Trump tariffs
US treasury secretary Scott Bessent has refused to acknowledge that the sweeping trade tariffs imposed by Donald Trump around the world are taxes on Americans. In a new interview on Sunday with NBC host Kristen Welker, Bessent, a former billionaire hedge fund manager, dismissed concerns from major American companies including John Deere, Nike and Black and Decker who have all …
Read More »Trump tariffs Treasury Secretary Bessent Supreme Court
US Secretary of the Treasury Scott Bessent speaks as US President Donald Trump signs executive orders in the Oval Office of the White House in Washington, DC on September 5, 2025. Mandel Ngan | Afp | Getty Images Treasury Secretary Scott Bessent said Sunday that he is “confident” that President Donald Trump’s tariff plan “will win” at the Supreme Court, …
Read More »Treasury Traders Await Payrolls Report That Could Sway Fed Bets – Bloomberg.com
Treasury Traders Await Payrolls Report That Could Sway Fed Bets Bloomberg.com August jobs report to show further ‘softness growing’ in the US labor market as Fed rate cuts near Yahoo Finance Friday’s jobs report could confirm a slowing labor market. But will stocks care? CNBC Labor Department to deliver first jobs report since Trump’s BLS firing The Hill It will take a doozy of …
Read More »Ways and Means to meet with top Treasury official on new tax laws – Politico
Ways and Means to meet with top Treasury official on new tax laws Politico Source link
Read More »30-year Treasury yield touches 5% briefly, then retreats on weak jobs data
U.S. Treasury yields fell on Wednesday after the latest job openings data came in lighter than expected. The yield on the 30-year Treasury bond was down 8 basis points to 4.891%. The yield on the benchmark 10-year Treasury was more than 7 basis points lower at 4.205%. One basis point equals 0.01% and prices move inversely to yields. The move …
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