If the stock market is going to duplicate its stellar 2024 performance next year, it will have to overcome a familiar foe in the form of stubbornly high bond yields. After entering a five-month swoon in April, Treasury yields have been on a tear since mid-September as traders repriced fixed-income dynamics. The 10-year Treasury yield, considered a bond market benchmark, was up a full percentage point from its September low heading into Monday trading, when it moved lower . A multitude of factors have been cited as potential reasons for the spike: fears that inflation could reignite, confidence in a…
Author: usaeverydaylife
As the year nears its end, investors should look for 2024 laggards that could see their fortunes change in 2025. While only the Nasdaq Composite is on pace to finish December with a month-to-date gain, all three major averages have notched new intraday and closing records during the month. The benchmarks have all seen sizeable year-to-date gains. The tech-heavy Nasdaq has soared more than 30% for the year. The S & P 500 and Dow Jones Industrial Average have risen more than 24% and around 13%, respectively. To be sure, some individual stocks did not fare nearly as well and…
Travel is continuing to rise to pre-Covid levels, according to U.N. Tourism. And Airbnb’s annual list of trending destinations highlights the international locations guests are most eager to visit next year.Ali Killam, Airbnb’s Editorial Lead, tells CNBC Make It the list shows three key travel trends that will likely dominate the new year: experiential travel, group travel, and people traveling farther away.”Our data shows guests are really searching for destinations hosting major events like concerts, cultural festivals and sporting events,” Killam says. “Guests are increasingly looking for destinations and places that are going to be giving them not just a place to…
It had been a wasteful night for Leeds United before Brenden Aaronson scored a goal-of-the-season contender.Derby County did their best to frustrate and deny the Championship leaders. They did it well until the 79th minute. But, as they have done all season, Leeds will pass and pass and pass again until they find a minuscule opening capable of hurting their opponents, and so they did with Aaronson’s winner 11 minutes from time.Leeds had other chances and it threatened to become a costly game in the title race, but the beauty of Aaronson’s goal — which takes his tally to seven for…
A chimney from the Linden Cogeneration Plant is seen in Linden, New Jersey.Kena Betancur | View Press | Corbis News | Getty ImagesNatural gas futures prices surged on Monday, hitting a new 52-week high following reports of a colder-than-usual temperature outlook for January.Natural gas February futures rose nearly 19% during the session after an updated outlook by The Weather Company and Atmospheric G2 released Sunday showed that the temperature forecast for next month is expected to be colder than average in the East, specifically from Florida to Maine as well as certain parts of the Great Lakes.The West, however, is…
Check out the companies making headlines in midday trading. Boeing — The aircraft stock shed 2% after South Korea ordered an inspection of all 737-800 planes operated by domestic carriers following the deadly Jeju Air crash over the weekend, which involved a plane of that model. All but two of the 181 people on board perished in the crash, becoming the deadliest air accident in South Korea’s history. MicroStrategy — The crypto stock slid 7.7% after disclosing a sale of more than 592,000 shares that took place between Dec. 23 and Dec. 29 in a regulatory filing. MicroStrategy said it…
President Joe Biden (R) shakes hands with Ukraine’s President Volodymyr Zelensky (L) as they hold a bilateral meeting at the Intercontinental Hotel in Paris, on June 7, 2024. Biden announced $225 million in new aid for Ukraine during talks with Zelensky in Paris. Saul Loeb | Afp | Getty ImagesThe United States on Monday announced nearly $6 billion in additional military and budget assistance for Ukraine as President Joe Biden uses his final weeks in office to surge aid to Kyiv before President-elect Donald Trump takes power.Biden announced $2.5 billion in additional security assistance for Ukraine.Treasury Secretary Janet Yellen said the…
One week to go, still plenty to be decided.Start here, with the first regular-season game in NFL history featuring two teams with at least 13 wins. The Lions and Vikings will not only decide the NFC North title next Sunday night at Ford Field but also the conference’s top seed and lone first-round bye.Then there’s Eagles running back Saquon Barkley, now the ninth rusher to eclipse 2,000 yards in a season. In Philly’s finale, he has the chance to break one of the league’s most vaunted records — one that’s stood for 40 years.There’s one playoff spot in each conference…
Janet Yellen, U.S. Treasury secretary, on a tour of the Financial Crimes Enforcement Network (FinCEN) in Vienna, Virginia, on Jan. 8, 2024.Valerie Plesch/Bloomberg via Getty ImagesAn upcoming Treasury Department deadline for millions of small businesses to fulfill a new reporting requirement on “beneficial ownership information” was delayed again, following a court order that suspended enforcement.The 5th U.S. Circuit Court of Appeals issued an order late on Dec. 26 that halted enforcement while the court “considers the parties’ weighty substantive arguments” on the constitutionality of the Corporate Transparency Act, which created the BOI reporting requirement, the order said.The new deadline, which…
The New York Stock Exchange will close trading on Thursday, Jan. 9, in accordance with a national day of mourning for the death of former President Jimmy Carter.It is customary for the NYSE to close trading to honor the passing of a president. The last such occasion was in December 2018 for the death of former President George Herbert Walker Bush.The Nasdaq exchange will also close trading that day. Bond market trading will end early at 2 p.m. ET, per the recommendation of the Securities Industry and Financial Markets Association.Carter, the nation’s 39th president known for his post-presidency peacekeeping and…
