U.S. Treasury yields moved lower as investors monitored whether the Senate would pass President Donald Trump’s divisive spending bill over the next few hours.At 3:59 a.m. ET, the benchmark yield was 2 basis points lower at 4.257%, and the 30-year yield moved 3 basis points lower to 4.814%. Meanwhile, the 2-year yield was little changed at 3.73%.One basis point is equal to 0.01%, and yields and prices move in opposite directions.Trump’s “big, beautiful bill” passed a key procedural hurdle in the Senate on Saturday and is now slated for a final debate in the Senate.The package could add over $3.9 trillion to the national debt,…
Author: usaeverydaylife
Prime Minister Keir Starmer speaks during a visit to a Jaguar Land Rover car factory on April 7, 2025 in Birmingham, United Kingdom. Wpa Pool | Getty Images News | Getty ImagesLONDON – The U.K.-U.S. trade deal comes into play on Monday, giving a preferential tariff rate to British cars imported to America, while questions linger over final levies on the U.K.’s metal exports.Back in May, the U.K. became the first country to negotiate a trade deal with the U.S. since White House leader Donald Trump unveiled his so-called reciprocal tariffs a month prior. The terms of the agreement are effective…
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U.S. President Donald Trump announced on April 4 that he would again postpone enforcement of a law banning TikTok unless its Chinese owner ByteDance divests from the platform. Vcg | Visual China Group | Getty ImagesU.S. President Donald Trump told Fox News in an interview aired on Sunday that he has a group of “very wealthy people” ready to buy TikTok, whose identities he can reveal in about two weeks.Trump added that the deal will probably need Beijing’s approval to move forward, but said “I think President Xi will probably do it,” in reference to China’s leader Xi Jinping.The president…
The logo of British oil major BP.Sopa Images | Lightrocket | Getty ImagesFor weeks, market tongues have been wagging about a potential merger between Britain’s oil giants — until, ending weeks of speculation, Shell on Thursday denied reports that it’s in talks to acquire BP.But how did we get to the point that BP, a U.K. oil exploration company that was founded in 1909 under the name Anglo-Persian Oil Company, is now seen as a possible takeover target for its long time rival?The resetBack in 2020, under the guidance of then newly appointed CEO Bernard Looney, BP announced it would embark…
U.S. President Donald Trump is greeted by Prime Minister of Canada Mark Carney, as he arrives at the G7 leaders’ summit in Kananaskis, Alberta, Canada June 16, 2025. Stefan Rousseau | Via ReutersCanada has walked back on its digital services tax “in anticipation” of a mutually beneficial comprehensive trade arrangement with the United States, Ottawa announced Sunday night.The move comes after U.S. President Donald Trump announced over the weekend that he will be “terminating ALL discussions on Trade with Canada” in response to Ottawa’s decision to impose a digital services tax on American tech firms.The statement from Canada said that Prime Minister Mark…
Workers producing garments at a textile factory that supplies clothes to fast fashion e-commerce company Shein in Guangzhou in southern China’s Guangdong province.Jade Gao | Afp | Getty ImagesChina’s manufacturing activity contracted for a third straight month in June, an official survey showed on Monday, fueling hopes for more stimulus to cushion the impact of ongoing trade disruptions.The official purchasing managers’ index (PMI) improved slightly to 49.7 in June from 49.5 in May but stayed below the 50-benchmark separating expansion from contraction. That figure was in line with analysts’ forecast of 49.7 in a Reuters poll.The non-manufacturing PMI, which includes…
U.S. President Donald Trump speaks to the media at the White House in Washington D.C., U.S., June 27, 2025.Ken Cedeno | Reuters Something I rarely, if ever, say: What a wonderful Monday morning!On Friday stateside, the S&P 500 broke its previous record. Celebrations were shared with the Nasdaq Composite, which also hit a new high. The tech-heavy index enjoyed a liftoff from Nvidia and Microsoft, both of which reached all-time highs (and probably made some insiders at Nvidia multi-millionaires over the past month).Tariff relief buoyed sentiment in markets. China announced it had finalized details of its deal with the United…
Aerial view of Seoul downtown city skyline with vehicle on expressway and bridge cross over Han river in Seoul city, South Korea.Mongkol Chuewong | Moment | Getty ImagesAsia-Pacific markets rose Monday as investors parsed a slew of data points, including South Korea and Japan’s industrial output figures for May and China’s purchasing managers’ index readings for June.Japan’s benchmark Nikkei 225 climbed 1.13% in early trade, while the broader Topix index advanced 0.77%.In South Korea, the Kospi index added 0.63%, while the small-cap Kosdaq was flat.Over in Australia, the S&P/ASX 200 started the day 0.3% higher.Futures for Hong Kong’s Hang Seng index stood at 24,182, pointing to a…
European shares surged in the first half of the year, massively outperforming stocks on Wall Street — but market watchers are divided on the potential for the trend to continue. As of Friday’s close, the pan-European Stoxx 600 index has gained 7% so far this year. Germany’s DAX index has surged 20% year-to-date, while the FTSE 100 is up 7.7%, Italy’s FTSE MIB has gained 16%, and Spain’s IBEX 35 has risen around 20%. That marks a major outperformance in comparison to U.S. stocks. During the same period, the S & P 500 and the Nasdaq Composite have both added…
