The yield on the 10-year U.S. Treasury continued its ascent on Monday after hitting a three-month high last week. The 10-year Treasury yield rose nearly 6 basis points to 4.286% to its highest level since July 2024. Meanwhile, the 2-year Treasury also added around 6 basis points to 4.153%. Yields move inversely to prices. One basis point equals 0.01%. …
JPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowed them to withdraw funds before a check bounced. The bank on Monday filed lawsuits in at least three federal courts, taking aim at some of the people who withdrew the highest amounts in the so-called …
Oracle on Monday announced it intends to join a new federally-backed medical network that will make it easier for clinics, hospitals and insurance companies to share patients’ data. The network, called the Trusted Exchange Framework and Common Agreement, or TEFCA, launched in December. Oracle, which acquired the medical records giant Cerner for $28 billion in 2022, is the latest major vendor to support …
Oracle applies to join Epic and others in new federal medical record network Read More »
HOUSTON, Oct 28 (Reuters) – Oil prices tumbled by around $4 a barrel on Monday after Israel’s retaliatory strike against Iran’s military on Saturday bypassed oil and nuclear facilities, not disrupting energy supplies. Brent futures were down $4.20, or 5.52%, at $71.83 a barrel at 11:37 a.m. CDT (1637 GMT), while WTI U.S. crude futures lost $4.08, …
Oil falls 5% on reduced risk of wider Middle East war Read More »
Oct 28 (Reuters) – Wall Street rose on Monday ahead of a packed week of earnings from megacap companies and the final stretch before the Nov. 5 election, while sentiment also improved after energy supplies were not disrupted by weekend developments in the Middle East. Israel’s response over the weekend to an Iranian missile attack this …
Wall Street rises ahead of megacap earnings, presidential election Read More »
Oct 15 (Reuters) – UnitedHealth Group (UNH.N), provided a 2025 profit forecast below Wall Street estimates on Tuesday as it expects pressure across its government-supported health insurance businesses, and its shares fell 8%. The largest U.S. health insurer forecast a profit of as much as $30 per share. That upper end was below analysts’ estimates of $31.18 …
UnitedHealth forecasts 2025 profit below Street estimates, shares fall Read More »
Investing.com– U.S. stocks fell Tuesday as investors digested a series of quarterly corporate earnings, with the banking sector in the spotlight. At 11:55 ET (15:55 GMT), the Dow Jones Industrial Average fell 161 points, or 0.4%, while the S&P 500 index traded 27 points, or 0.5%, lower and the NASDAQ Composite fell 177 points, or 1%. Bank earnings in spotlight Investor focus was …
US stocks slide after deluge of quarterly corporate earnings Read More »
Bitcoin’s role as a payment system and alternative currency was the focus of a recent conversation between Roundtable anchor, Rob Nelson, and Ari Pine, Co-Head of Digital Exotics at BlockFills. The discussion explored bitcoin’s advantages over traditional finance (TradFi) and why people might consider moving into the cryptocurrency space. Pine highlighted bitcoin’s utility as a decentralized …
Why bitcoin could be more valuable when global financial volatility strikes Read More »
(Bloomberg) — Saudi Aramco has canceled plans to build a refinery and chemicals project in the kingdom and is reviewing three others as it evaluates spending plans with a focus on expanding in Asia. Aramco and its unit Sabic will not go ahead with the planned 400,000 barrel-a-day facility at Ras Al Khair on Saudi …
Aramco Cancels Saudi Chemical Project as It Focuses on Asia Read More »
By Timothy Gardner WASHINGTON (Reuters) -Alphabet’s Google said on Monday it signed the world’s first corporate agreement to buy power from multiple small modular reactors to meet electricity demand for artificial intelligence. The technology company’s agreement with Kairos Power aims to bring Kairos’ first small modular reactor online by 2030, followed by additional deployments through …
Google to buy power for AI needs from small modular nuclear reactor company Kairos Read More »
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