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Treasuries rally and stocks drop on rising economic concerns

US government bonds rallied and global stock markets dropped sharply, as worries about inflation were replaced by concerns that the global economic recovery from coronavirus has peaked. The yield on the 10-year Treasury bond, which moves inversely to its price, fell 0.04 percentage points to 1.276 per cent. The move put the world’s benchmark bond […]

China’s tech crackdown and growth worries hit markets – business live | Business

Photograph: Florence Lo/Reuters Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. China’s crackdown on technology companies is hitting the markets again today, amid concerns that the rebound in global growth may be fading. Stock markets across Asia have fallen to a six-week low after […]

Value trade will rip higher because economy is on fire, strategist says

One of Wall Street’s biggest bulls isn’t jumping on the growth stock bandwagon. Despite the tech-heavy Nasdaq’s run to record highs, Credit Suisse’s Jonathan Golub prefers value trades right now. “The second quarter of this year will be the fastest GDP quarter that we had since 1952. So basically since the Marshall Plan and the […]

What Biden Can Learn From Nixon on the Global Economy and Other Challenges

In his new book, Three Days at Camp David, Jeffrey E. Garten tells the behind-the-scenes story of what former U.S. Treasury Secretary (and Secretary of State) George Shultz once called “the biggest step in economic policy since the end of World War II.” On the weekend of Aug. 13-15, 1971, President Richard Nixon and his […]

Dollar stabilizes at elevated levels after surging Yesterday

Overview: The dollar has steadied after surging yesterday and has so far retained the lion’s share of its gains, though it remains lower against most major currencies today. The dollar-bloc and Norwegian krone are the best performers while the yen is underperforming. The freely accessible emerging market currencies, including the Russian rouble, Mexican peso, Turkish […]

Russians Tried To Hack Republican National Committee : NPR

Hackers associated with the Russian government gained access last week to a contractor for the Republican National Committee, the RNC said in a statement Tuesday. The RNC said that its contractor Synnex had been hacked, but added no access was gained to any RNC data. “We immediately blocked all access from Synnex accounts to our […]

Lapses seen costlier on biodiversity and green finance

• The world economy contracted 3.3% last year due to the pandemic, says the IMF As the global fight against climate change gets more pronounced and concerted, central banks, institutions, policymakers and investors are waking up to the compelling reality.The global economy could lose as much $2.7tn a year by 2030 if countries continue to […]

Creator Economy Platform Koji Announces New App: Guestbook

“For many people, signing a guestbook was among their first encounters with the web. These early guestbooks were simple, yet powerful experiences that demonstrated the capability of the internet to facilitate meaningful connections. We’re excited to use the Koji Platform as a way to share that with a new audience,” said Milbonn Yaya, a developer […]

Malaysians’ white flags put COVID economic pain on full display

KUALA LUMPUR — In normal times, passersby would assume Karupiah Rangan had hung his white dhoti up to dry. But when the factory worker raised the traditional Indian sarong outside his wooden house this week, it was a plea for help. Karupiah, 54, joined thousands of Malaysians seeking aid by displaying the international symbol of […]

Dollar Tree on IP Road latest target of accused rock throwing burglar

Posted: Jul 5, 2021 / 05:51 PM CDT / Updated: Jul 5, 2021 / 05:51 PM CDT WICHITA FALLS (KFDX/KJTL) — A 25-year-old Wichita Falls man with a history of throwing rocks through glass doors is arrested in the latest case of a rock through a glass store door. Nicholas Rodriguez’s latest alleged target is […]