Take a look at some of the biggest movers in the premarket: Snowflake (SNOW) – Snowflake shares fell 3.7% in premarket trading, following the cloud computing company’s presentation of financial targets at its Investor Day meeting. Snowflake set a target of reaching $10 billion in annual product revenue by 2029, compared to $554 million in […]
Here’s how to tell if a politician might be stealing campaign cash
Individuals making small contributions — the kind of donors candidates love to talk about at campaign rallies — transformed the political landscape in 2020. Small donors, those giving $200 or less to a candidate, accounted for a whopping $1.8 billion in federal campaign contributions by the weeks leading up to last fall’s elections, according to […]
10-year Treasury yield rises slightly ahead of key inflation report
The 10-year Treasury yield rose slightly early on Thursday but remained below 1.5%, with key inflation data due out later in the morning. The yield on the benchmark 10-year Treasury note rose less than a basis point to 1.498% at 4 a.m. ET. The yield on the 30-year Treasury bond edged higher to 2.173%. Yields […]
The U.S. will be a ‘formidable competitor’ to China in Covid vaccine diplomacy, professor says
Workers unload boxes containing the Sinopharm Covid-19 vaccine, donated by China, at the Damascus International Airport on April 24, 2021, in the Syrian capital. Loua Beshara | AFP | Getty Images U.S.-China competition may be heating up on another front: Covid-19 vaccine diplomacy. China has been a major Covid vaccine supplier to much of the […]
Democrats circulate draft antitrust bills that could reshape Apple, Amazon, Facebook and Google
U.S. House Impeachment manager David Cicilline (D-RI) speaks on the second day of former President Donald Trump’s second impeachment trial at the U.S. Capitol on February 10, 2021 in Washington, DC. congress.gov via Getty Images A group of House Democrats is circulating discussion drafts of antitrust bills that would force the biggest tech companies to […]
Treasury yields ebb lower as investor focus turns to inflation data
U.S. Treasury yields ebbed lower early on Wednesday, despite an anticipated rise in inflation, with data due out tomorrow morning. The yield on the benchmark 10-year Treasury note fell to 1.513% at 4 a.m. ET. The yield on the 30-year Treasury bond dipped to 2.194%. Yields move inversely to prices. The consumer price index for […]
Ford’s new Maverick hybrid pickup will get 40 mpg in the city and starts at $19,995
2022 Ford Maverick Ford DETROIT – Ford Motor’s new Maverick truck will be the first pickup in America with a standard gas-electric hybrid engine when it goes on sale this fall starting at about $20,000. The company unveiled the compact pickup Tuesday as the smallest vehicle in its highly profitable truck lineup, slotting below the […]
Ford’s new Maverick hybrid pickup will get 40 mpg in the city and starts at $19,995
2022 Ford Maverick Ford DETROIT – Ford Motor’s new Maverick truck will be the first pickup in America with a standard gas-electric hybrid engine when it goes on sale this fall starting at about $20,000. The company unveiled the compact pickup Tuesday as the smallest vehicle in its highly profitable truck lineup, slotting below the […]
Treasury yields largely flat on the back of weaker jobs report
Bonds yields were largely flat with only marginal upward movement on Monday as investors continued to digest Friday’s jobs report. The numbers came in below expectations, signaling to markets that the Federal Reserve would likely keep up its loose monetary policy. The yield on the benchmark 10-year Treasury note moved slightly higher to 1.578%, while […]
Elon Musk says Tesla officially canceled the Model S Plaid Plus
Tesla Model S Plaid Tesla Tesla has canceled the most expensive variant of its flagship sedan, the Model S Plaid Plus, according to a tweet from CEO Elon Musk on Sunday. Previously, Tesla and Musk promised fans the tri-motor, Plaid Plus version of their new Model S would give drivers 1,100 horsepower, 520 miles of […]