The Dow industrials slide, and the 30-year Treasury yield surges above 5%, its highest since 2023.
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Stocks tally worst session in a month as weak bond-market auction has investors wondering how U.S. will manage its debt
Investors have been warily eyeing rising Treasury yields since the start of May, with some fretting that the latest jump in borrowing costs could soon start hurting stocks.
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U.S.’s Bessent, Canada’s Champagne to Meet on G7 Sidelines With Tariff Talk Likely
U.S. Treasury Secretary Scott Bessent and Canadian Finance Minister Francois-Philippe Champagne are scheduled to hold a bilateral meeting late Wednesday on the sidelines of the Group of Seven finance and central bank meeting.
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Spike in Policy Uncertainty Threatens Financial Stability, ECB Says
The central bank also warned that investors may be too complacent about the threats posed by recent rises in tariffs.
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Bloomberg Outage Hits Traders, Disrupts Government-Bond Auctions
The terminal, an essential tool for professional investors, suffered an outage that disrupted trading and some offerings of government bonds.
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U.S. Crude Oil Stockpiles Rise for Second Straight Week
U.S. crude oil inventories rose by 1.3 million barrels last week, while stocks of gasoline and diesel increased amid higher refinery capacity use, according to data released by the EIA.
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U.K. Inflation Jumps, Reinforcing Bank of England’s Caution
Consumer prices rose 3.5% in April compared with a year earlier as businesses raised their prices in response to higher payroll taxes and utility charges.
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Mary Daly and Other Fed Presidents Warn Don’t Expect Recession or Rate Cuts
The three presidents all emphasized the limits of backward-looking data and the growing importance of anecdotal intelligence.
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Private-Credit Growth Fueled by Banks May Pose Risks
A Boston Fed report examines potential risks of rapidly expanding nonbank lending, which is often financed by banks
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Chinese Firms’ Plan to Avoid Stock Delisting: Buy Trump’s Memecoin
More companies are announcing plans to buy cryptocurrencies to help lift their share prices.
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Indonesia’s Central Bank Resumes Rate Cuts to Support Growth
Bank Indonesia has resumed its rate-cutting cycle as cooling inflation, slower growth and a steadier rupiah offer room to loosen policy settings.
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Bank of Japan’s Rate-Hike Window Narrowing, Ex-Board Member Says
If the Bank of Japan wants to raise interest rates further, it will likely need to do so this year before the window of opportunity closes, a former board member said.
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Critical Minerals Supply Risks Mount Amid China’s Grip, Export Curbs
The threat of disruption is growing as export bans multiply and diversification efforts face stiff hurdles, the International Energy Agency said.
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Japan’s Exports to U.S. Fall as Tariffs Start to Bite
Exports to the U.S. dropped 1.8% in April from a year earlier, reflecting weaker demand for Japanese cars and other machinery.
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The IPO Market Is Stirring, but at ‘Down-Round’ Valuations
Venture-backed tech companies are testing the market, but have made peace with the idea that the lush private valuations of years ago are a thing of the past.
