Fed Chair leads two-day meeting as fear grips markets
Fed Chair Kevin Warsh leads his second policy meeting amid market uncertainty over whether the central bank will hold rates steady or implement a 25 basis point increase.
The bond market’s danger zone is becoming the new normal: Chart of the Day
The 30-year Treasury yield closed above 5% for 14 consecutive sessions through Friday, marking its longest stretch above that level since July 2007, signaling potential shifts in bond and stock market dynamics.
Dollar hovers near four-week peak as markets mull Fed hike odds
The dollar held near a four-week high as traders weighed Federal Reserve rate-hike prospects, with major currencies and cryptocurrencies showing mixed movement.
A ‘Super El Niño’ is expected to squeeze commodities even further this year
A severe El Niño climate pattern expected to peak in the fall could disrupt global agricultural production and tighten commodity markets already strained by Middle East conflict, potentially raising prices for wheat, corn, sugar, and coffee.
UPS beats earnings expectations, raises full-year guidance
UPS beat second-quarter earnings expectations and raised full-year guidance, reporting adjusted earnings of $1.76 per share and consolidated revenue of $91.2 billion for 2026.
Mercedes gets shares boost on stable second quarter despite China woes
Mercedes-Benz shares rose following second-quarter results showing stabilized profit despite a 30% sales collapse in China, as cost-cutting measures and strong financial services earnings offset revenue declines.