Fed meeting may test low U.S. Treasury yields
The $22 trillion market for U.S. Treasury securities may get a reality check from the Federal Reserve this week following a plunge in interest rates that bucked expectations of higher yields this year as the economy rebounds from the COVID-19 pandemic.
Urban legend: Why Alibaba’s John Caplan is bullish on cities
When it comes to cities in a global pandemic, reports of their demise have been greatly exaggerated, according to John Caplan.
Marketmind: A China crackdown
World stocks snapped a four-day rising streak on Monday as a widening crackdown on some parts of the world’s second biggest economy by regulators sent shudders through global markets.
Bezos-backed plant food firm NotCo joins unicorn club after latest funding
Jeff Bezos-backed food-tech firm NotCo said on Monday it raised $235 million in its latest funding round that also included athletes Lewis Hamilton and Roger Federer, valuing the plant-based food company at $1.5 billion.
German business morale down on supply shortages, virus fears
German business morale fell unexpectedly in July on continuing supply chain worries and amid rising coronavirus infections, a survey showed on Monday.
With $4 billion in losses, Heathrow tells UK: open up travel
London’s Heathrow Airport urged Britain on Monday to open up travel to vaccinated passengers after its recovery fell behind Europe, pushing its cumulative pandemic losses to $4 billion.
Ryanair nudges up annual traffic forecast as summer bookings surge
Ryanair (RYA.I) on Monday nudged up its forecast for full-year traffic on strong summer bookings but said fares remained well below pre-pandemic levels as it reported a first-quarter net loss of 273 million euros ($322 million).
BOJ’s price outlook views muddled by commodity rise, weak spending
Bank of Japan policymakers saw the price outlook muddled by rising global commodity costs and soft consumption, minutes of their June meeting showed, underscoring the central bank’s policy conundrum brought on by the COVID-19 pandemic.
Asian shares, U.S. yields rise as investors reassess rout
Asian shares and U.S. Treasury yields rose on Wednesday, clawing back some of the week’s losses as investors reassessed economic worries, but the dollar was firm on concerns over the impact of a fast-spreading coronavirus variant.
Moderna dominates Wall St trading ahead of S&P 500 debut
Moderna’s (MRNA.O) stock dropped 2% in a volatile session on Tuesday, with the COVID-19 vaccine maker the most heavily traded company on Wall Street ahead of its debut in the S&P 500 on Wednesday.
