AP Top Extended Financial Headlines at 1:37 a.m. EDT
Wall Street slumped under the weight of pressure from the bond market, where Treasury yields climbed on worries about the U.S. government's spiraling debt and other concerns
Wall Street slumped under the weight of pressure from the bond market, where Treasury yields climbed on worries about the U.S. government's spiraling debt and other concerns
HONG KONG (Reuters) -Goldman Sachs is merging three Asian investment banking businesses it previously managed separately into a single unit to integrate its regional deals advisory and capital market capabilities, according to a memo reviewed by Reuters. Iain Drayton, head of the Wall Street bank's investment banking business in Asia excluding Japan, will lead the integrated Asia Pacific investment banking unit, said the internal memo issued on Thursday.
Asian shares fell Thursday after Wall Street slumped under pressure from the Treasury bond market and worries about surging U.S. debt. U.S. futures were little changed, while Japan's benchmark Nikkei 225 shed 1.0% in afternoon trading to 36,944.55. Rising yields for U.S. Treasury bonds are a canary in the coal mine, Stephen Innes of SPI Asset Management said in a commentary.
SINGAPORE (Reuters) -Stocks and the U.S. dollar fell on Thursday, while longer-dated Treasury yields steadied near their highest in 18 months as worries of a worsening fiscal outlook in the world's biggest economy remained at the top of investors' minds. The spotlight is on U.S. President Donald Trump's tax bill that is expected to be voted on in the House of Representatives within hours and investors are worried it could add about $3.8 trillion to the $36 trillion U.S. debt pile. The sombre mood among investors after Moody's downgraded the U.S. credit rating last week has left markets slightly listless as a "Sell America" narrative gains traction, with the greenback hovering near its lowest in two weeks against other major currencies.
Investing.com-- U.S. stock index futures moved little on Wednesday evening amid persistent concerns over high U.S. debt levels, with focus squarely on President Donald Trump’s tax cut bill, which investors fear could increase government spending.
Palo Alto Networks shares tumbled on Wednesday as the cybersecurity giant’s mostly in-line guidance overshadowed quarterly results that surpassed Wall Street expectations. Monitor these key support and resistance levels.
US stock futures traded flat as a vote on President Trump's 'big, beautiful' tax bill neared.
Bitcoin reaches $109,767.52 as the 10-year Treasury yield approaches 4.6%, indicating a shift in investor risk appetite.
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