Bond Report: Treasury yields edge higher, pushing 10-year rate above 2.8%, ahead of Wednesday’s Fed minutes report

U.S. bond yields nudged higher on Tuesday on diminished demand for fixed-income assets as investors prepared for this week’s release of minutes from the Federal Reserve’s July meeting. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 3.240% rose 4.8 basis points to 3.249% at 3 p.m. Eastern. The yield on the 10-year Treasury TMUBMUSD10Y, …

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In One Chart: Junk bonds sweep to a record summer rally

Stocks aren’t the only thing sizzling this summer. U.S. corporate bonds with speculative, or “junk,” credit ratings also have staged a breakneck rally in recent weeks, picking up momentum seen lately in major stock indexes as investors bet on a softish landing for the economy. Junk bond spreads last week posted their quickest retreat on …

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: Should Social Security be eliminated as a federal entitlement program? Or would that ‘end the program as you know it’?

Social Security and Medicare are two of the government’s mandatory spending programs — and popular ones at that — but one senator has suggested changing that label, making them vulnerable to annual budget cuts every year. Under the current structure, Social Security and Medicare budgets are automatically approved and paid out, but under Wisconsin Republican …

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Amazon Says FTC Is Harassing Jeff Bezos and Top Executives in Prime Probe

WASHINGTON—Amazon.com is accusing the Federal Trade Commission of making excessive and unreasonable demands on founder Jeff Bezos and company executives as the agency probes Amazon’s Prime membership program. In a petition to the FTC filed earlier this month and recently made public, Amazon says the agency’s demands on the company have been “overly broad and …

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Drought Devastates U.S. Cotton Harvest

Southwestern cotton growers are abandoning millions of parched acres that they planted in spring, prompting forecasts for the weakest U.S. harvest in more than a decade and sending prices sharply higher. U.S. agricultural forecasters expect drought-struck farmers to walk away from more than 40% of the 12.5 million acres they sowed with cotton and harvest …

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Heat Wave Intensifies Energy Crisis in Europe

Aug. 16, 2022 12:46 pm ET Listen to article (2 minutes) Natural-gas prices in Europe headed toward their highest closing level on record as hot summer weather boosts fuel demand and Russia throttles back supplies. Europe has contended since June with drastically lower imports of gas from Russia, until recently by far its biggest supplier. …

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The Ratings Game: Zoom stock is off 80% from peak, and Citi sees ‘new hurdles’ ahead

Zoom Video Communications Inc. has struggled to maintain its momentum from early in the pandemic, and now Citi sees additional obstacles in the company’s way. Citi Research analyst Tyler Radke downgraded Zoom’s stock ZM, -4.34% to sell from neutral Tuesday, warning of stiff competition from Microsoft Corp. MSFT, -0.13% as well as possible spending constraints …

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Bed Bath & Beyond shares defying another analyst's sell recommendation

Shares of Bed Bath & Beyond Inc. blasted off Tuesday, again, as the retail crowd defied, with renewed vigor, another Wall Street analyst’s warning that investors sell because of “unrealistic” valuations. The stock BBBY, +67.31% was down as much as 4% about a minute after the open, before doing an abrupt about-face. The meme stock …

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Walmart Moves Upmarket

Walmart “everyday low prices” motto is paying off with a widening set of customers, though at a cost to its margins. The retail giant said on Tuesday that its Walmart-branded U.S. chain’s same-store sales grew 6.5% from a year earlier in the quarter ended July 29, better than the 6% growth it forecast in last …

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Help My Career: Life in America is getting back to ‘normal,’ except when it comes to the office

Life in America has been getting back to “normal,” except when it comes to the office. Travel and dining have come roaring back, providing a vital shot in the arm to restaurants, hotels and businesses more than two years after the pandemic gripped the nation. The comeback has New York City expecting a 70% surge …

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