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Monthly Social Security checks aren't enough for most baby boomers to get by, further fueling a retirement crisis. A prenuptial agreement can be helpful, but it typically doesn't protect wealth built after the couple ties the knot, like retirement savings. Men's monthly retirement incomes are nearly $600 more than women's — $2,610 to $2,042 — and they're more likely to have a balance in a retirement account. Overall, divorced women like Clark see lower monthly retirement incomes than their male counterparts — and peers who have remarried. One of Mintzer's greatest divorce regrets is that she didn't safeguard her retirement savings.
Persons: , Libby Mintzer, Mintzer, she's, Melody Evans, Evans, Roth, couldn't, didn't, Kathryn Clark, Clark, Clark didn't, Clark's, it's Organizations: Service, Social Security, Social, Gerontology, , Roth IRA, SNAP, allisonkelly Locations: Florida, Tampa, California's Bay
HSBC says buy this data center stock as AI drives growth
  + stars: | 2024-10-04 | by ( Brian Evans | ) www.cnbc.com   time to read: +1 min
HSBC thinks Equinix could see strong growth ahead thanks to strong demand for artificial intelligence data centers. The company operates as a real estate investment trust (REIT) that focuses primarily on data centers. Kanumuri upgraded the data center stock to buy from hold and raised his price target to $1,000 per share from $865. "However, we see this as a value-accretive opportunity for Equinix to accelerate growth and improve revenue per data center in 2025." Of the 27 covering Equinix, 21 rate it as a buy or a strong buy.
Persons: Equinix, Phani Kanumuri, Kanumuri Organizations: HSBC, Microsoft Locations: Equinix
Goldman Sachs says a period of underperformance for LivaNova stock could be ending and see shares gain more than 20%. Roman initiated coverage of the medical device stock with a buy rating and a $65 per share price target. Shares have advanced roughly 3% in 2024, significantly underperforming the S & P 500's nearly 20% gain. Roman ties the underperformance to "strategic shifts in the business and pipeline setbacks" for much of the year which also pressured LivaNova's earnings. LIVN YTD mountain LivaNova stock.
Persons: Goldman Sachs, David Roman, LivaNova
Spirit Airlines , JetBlue – Spirit plunged more than 38% following a report from The Wall Street Journal that the discount airliner is considering filing for bankruptcy. Shares of peer airline firm JetBlue, which was previously in talks to merge with Spirit, advanced nearly 6%. Zim Integrated Shipping Services – The international shipping company's stock fell more than 9% after U.S. dockworkers and the United States Maritime Alliance agreed to a tentative deal to end the strike on the East Coast and Gulf Coast ports. CVS Health – The company's shares added 1.5% as it is considering breaking itself up and undergoing a strategic review of its business. Chubb – The insurance company slipped more than 1% after Bank of America downgraded shares to underperform from neutral.
Persons: Hapag, Lloyd, Rivian, Chubb, SilverCrest, , Jesse Pound, Brian Evans, Hakyung Kim, Pia Singh, Michelle Fox Theobald Organizations: Spirit Airlines, JetBlue, Wall Street Journal, Food and Drug Administration, Zim Integrated Shipping Services, U.S, dockworkers, United States Maritime Alliance, CVS Health, CVS, Bank of America, SilverCrest Metals, Coeur Locations: East Coast, Gulf Coast
CNN —Kirk Cousins threw for a franchise-record 509 yards on Thursday Night Football as the Atlanta Falcons mounted another dramatic comeback to beat the Tampa Bay Buccaneers 36-30 in overtime. Coincidentally, the new record came on the night that Ryan was inducted into the Falcons’ Ring of Honor. “What a night,” Cousins said afterwards, per AP. Kirk Cousins passes the ball against the Bucs in the second half. In the final second, Koo’s field goal forced overtime, allowing Cousins to write his name in the history books.
Persons: Kirk Cousins, Younghoe Koo, Cousins, KhaDarel Hodge, Matt Ryan, Ryan, Tom Brady, ” Cousins, “ I’m, I’m, , Drake London, Baker Mayfield’s, Mike Evans, Chase McLaughlin, Darnell Mooney, Mayfield, McLaughlin, Dale Zanine, Mooney, Tykee Smith, Hodge Organizations: CNN, Atlanta Falcons, Tampa Bay Buccaneers, Atlanta, Minnesota Vikings, Carolina Panthers, Falcons, Vikings, Pro Bowl QB, NFL Research, , Bucs, Tampa, Reuters Locations: Atlanta, Tampa Bay
EVgo — Shares advanced more than 9% after JPMorgan upgraded the electric vehicle charging company to overweight . Levi Strauss — Shares plunged 12% after the denim maker trimmed its full-year revenue guidance and delivered fiscal third-quarter revenue that missed analysts' expectations. Constellation Brands — The beverage company rose slightly on the back of better-than-expected fiscal second-quarter earnings. Revenue of $2.92 billion, however, marginally missed expectations. Stellantis — The automaker was down more than 3% in the premarket after a Barclays downgrade to equal weight from overweight.
Persons: Mizuho, Jensen Huang, CNBC's, Blackwell, Eli Lilly, Bill Peterson, Levi Strauss —, Stellantis, Henning Cosman, — CNBC's Brian Evans, Lisa Han, Jesse Pound, Sean Conlon Organizations: Mizuho, Nvidia –, U.S . Food, Drug Administration, JPMorgan, Dockers, Constellation Brands, Barclays Locations: U.S
JPMorgan says this EV charging stock could surge nearly 80%
  + stars: | 2024-10-03 | by ( Brian Evans | ) www.cnbc.com   time to read: +1 min
JPMorgan thinks EVgo's business model of both owning and operating its fast electric vehicle chargers can send the stock soaring. EVgo stock has climbed roughly 10% in 2024, but it's been a choppy ride higher. Electric vehicle-related stocks have been under pressure for most of the year thanks to dimming consumer demand for EVs. "Unlike hardware-software peers, EVgo's fast charging owner-operator model has been scaling well with higher utilization and charge rates in the current muted EV environment," Peterson said. LSEG data shows that, of the 12 analysts covering the stock, seven have a buy or strong buy rating, while the rest rate it as a hold.
Persons: it's, EVgo, Bill Peterson doesn't, Peterson Organizations: JPMorgan, EVs, Department
Oppenheimer thinks a key treatment for a range of autoimmune diseases can be a growth catalyst for Dianthus Therapeutics stock. The firm initiated coverage of the clinical stage biotechnology company with an outperform rating and a $48 per share price target in a Wednesday note. DNTH YTD mountain Dianthus Therapeutics stock. He estimates a more than $20 billion market for this treatment. Investors will be able to gain insight into the treatment's effectiveness in clinical data that will begin to be released in mid-2025, Allred said.
Persons: Oppenheimer, Trevor Allred, Allred, DNTH103 Organizations: Dianthus Therapeutics, Therapeutics, pharma
Some of the ads feature doctors speaking passionately about abortion and saying that Republican candidates shouldn't represent "us" or "our" communities in Congress. But in at least four instances, House Majority PAC, a super PAC aligned with House Democratic leadership, featured Republican-blasting doctors in their ads who did not live in the district where they were advertising. The path to the House majority runs through all four of the districts where these ads ran. Since then, both doctors and patients have often become key personal messengers on abortion for Democrats. But Republicans blasted House Majority PAC over the ads, calling them misleading and accusing the group of spreading falsehoods about GOP incumbents and candidates.
Persons: Gabe Evans “, Lori Chavez DeRemer, Emily Schneider, Evans, Michelle Berlin, Lowe, Chavez, Destinie Marquez, Yvette Herrell, ” Marquez, Joe Biden’s, Melanie Stansbury, Juan Ciscomani, Sen, Kirsten Engel, Dr, Sigrid Williams, , Roe, Wade, Williams, Amy Walter, here’s, Hakeem Jeffries ’, Will Reinert, Marquez, Schneider, Lori Chavez, Gabe Evans, Janelle Bynum, Jeff Potts, Susan Wild, ” Potts, Potts, Mike Eby, Vasquez, Gabe Vasquez, , ” Eby, Luna County Sheriff Raymond Cobos, Derrick Anderson, Anderson Organizations: PAC, House Democratic, Republican, New, Colorado GOP, , GOP, OB, University of Colorado, University of New, University of New Mexico Hospital, Democratic, NBC, Republicans, House, National Republican Congressional, NBC News, HMP, Congressional, Fund, House Republican, New York Post, Post, Congress, Luna County Sheriff, New York Times, Army Green Locations: New Mexico’s, Arizona’s, Colorado’s 8th, Oregon’s 5th, Colorado, Oregon, Colorado ’, Oregon’s, New Mexico, Arizona, University of New Mexico, Albuquerque, Joe Biden’s State, Arizona’s 6th, Arizona’s 7th, Berlin, Colorado’s 6th, state’s, Pennsylvania’s, Luma County, Washington, Luna County, Virginia
CNBC Daily Open: Soft landing hit by minor turbulence
  + stars: | 2024-10-02 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Mark Felix | Afp | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Port workers along the U.S. East Coast and Gulf Coast started striking Tuesday. It's just the first days of the port strike and flare-up in Middle East tensions, however. The best-case scenario would be that recent events are just minor turbulence on the way to a soft landing.
Persons: Mark Felix, Kathy Hochul, Adam Kamins, Christopher Ball, Piper Sandler, Campbell, It's, Steve Liesman, Jeff Cox, Fred Imbert, Lori Ann LaRocco, Sean Conlon, Alex Harring, Brian Evans Organizations: Afp, Getty, CNBC, U.S ., Gulf Coast, New, Moody's, Quinnipiac University, Nasdaq, Nvidia, Apple Locations: Seabrook , Texas, Port, U.S, U.S . East Coast, New York, New Jersey, Iran, Major U.S, East
Goldman's forecast implies roughly 37% upside ahead for Dell stock from its $113.16 close on Tuesday. Dell stock has surged more than 51% in 2024. In particular, Ng pointed to Dell's $3.8 billion AI server backlog in the second-quarter as a prime example of robust demand. "Enterprise and sovereign AI opportunities are in earlier stages of adoption, and the company continues to optimize its organization to address AI demand across customer verticals and regions," Ng said. "AI server margins should improve over time through a greater mix of higher margin services revenue and a diversification to a larger number of AI server customers."
Persons: Goldman Sachs, Michael Ng, Ng, Dell, DELL Organizations: Dell Technologies, Dell, Enterprise, Windows Locations: Texas
CNBC Daily Open: Minor turbulence for the soft landing
  + stars: | 2024-10-02 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Kirk Side | Houston Chronicle | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Port workers along the U.S. East Coast and Gulf Coast started striking Tuesday. Higher oil prices pose a risk to inflation resurging, or at least slowing less than everyone is hoping for. The best-case scenario would be that recent events are just minor turbulence on the way to a soft landing.
Persons: Seabrook . Kirk, Kathy Hochul, Adam Kamins, Christopher Ball, Piper Sandler, Campbell, It's, Steve Liesman, Jeff Cox, Fred Imbert, Lori Ann LaRocco, Sean Conlon, Alex Harring, Brian Evans Organizations: Houston Chronicle, CNBC, U.S ., Gulf Coast, New, Moody's, Quinnipiac University, Nasdaq, Nvidia, Apple Locations: Seabrook ., Port, U.S, U.S . East Coast, New York, New Jersey, Iran, Major U.S, East
Analyst Sara Senatore said the recent arrival of CEO Brian Niccol is a potential catalyst for Starbucks stock. She expects the former Chipotle chief to turn around Starbucks' North American business more quickly and with less investment than expected. SBUX YTD mountain Starbucks stock. Walmart stock has advanced more than 54% in 2024. WMT YTD mountain Walmart stock.
Persons: Anthony Cassamassino, Sara Senatore, Brian Niccol, Robert Ohmes, Ohmes Organizations: Bank of America, Dow Jones, Walmart, Bank of America's, Hasbro Locations: Iran, Israel
Actor John Amos, whose long career included a wide range of iconic roles in works such as "Roots," "Good Times" and "The West Wing," died last month, his family said Tuesday. He was 84 when he passed away from natural causes in Los Angeles on Aug. 21. Many fans consider him their TV father. His legacy will live on in his outstanding works in television and film as an actor.”John Amos in 'Good Times'. His television career was revitalized in 1999 when he was cast on acclaimed White House drama "The West Wing," where he appeared for five seasons as Admiral Percy “Fitz” Fitzwallace.
Persons: John Amos, Belinda Foster, , Kelly Christopher Amos, ” John Amos, Amos, James Evans, Norman Lear, Toby, Ben Vereen, LeVar Burton, Louis Gossett Jr, Leslie Uggams, Cleo McDowell, Eddie Murphy, Bruce Willis, Percy “ Fitz ” Fitzwallace Organizations: Associated Press, CBS, Everett, White Locations: Los Angeles, Chicago, America
The month is normally the most inconsistent for stocks going back to 1950, with an average S & P 500 daily move of 1.3% in either direction, per FactSet data. The S & P 500 and Nasdaq Composite are up more than 20% in 2024 through Monday's close, while the Dow Jones Industrial Average has popped 12%. The major averages also ended September with solid gains that brought the Dow and S & P 500 to record levels. Against this backdrop, CNBC Pro screened for stocks that can ride out any volatility in the month ahead, with a history of producing steady income. PFE YTD mountain Pfizer stock.
Persons: Stocks, Goldman Sachs, James Schneider Organizations: Nasdaq, Dow Jones, Dow, CNBC Pro, DirecTV, Pfizer, Drug Administration Locations: Monday's
In honor of Jayden Daniels’ historic start to his NFL career, the Power Rankings are checking in on rookies this week. Last week: 4Sunday: Beat Green Bay Packers 31-29The Vikings are having the NFL’s most surprising season without much help from their rookie class. Veteran wide receiver Rashee Rice is expected to miss the rest of the season after suffering a knee injury against the Chargers. Second-round wide receiver Ladd McConkey had a career-high 67 yards Sunday and leads the team with 173 receiving yards. Fourth-round tight end Erick All has been a surprise with 12 catches, but third-round wide receiver Jermaine Burton has been a disappointment.
Persons: Jayden Daniels, Daniels, Caleb Williams, they’ve, we’ve, J.J, McCarthy, Sam Darnold, Dallas Turner, Xavier Worthy, Rashee Rice, Worthy, Kingsley Suamataia, Roger Rosengarten, Derrick Henry, Henry, Keon Coleman, it’s, Coleman, James Cook, Terrion Arnold, Ennis Rakestraw, Arnold, Rakestraw, Jared Goff, Patrick Breen, Kamari Lassiter, Nico Collins, Byron Murphy, Geno Smith, Smith, Graham Barton, Bucky Irving, Irving, Mike Evans, Mason McCormick, Troy Fautanu, Zach Frazier, Justin Fields, Dominick Puni, Darren Yamashita, Puni, that’s, Ricky Pearsall, Jim Harbaugh, Joe Alt, Ladd McConkey, Javon Bullard, Bullard, Jordan Morgan, Edgerrin Cooper —, — Luke Musgrave, Tucker Kraft, Jayden Reed, Dontayvion Wicks, Love, mettle, DeMarcus Lawrence, Kneeland, Tyler Guyton, Cooper Beebe, Michael Penix Jr, hasn’t, Kirk Cousins, Ruke Orhorhoro, Brandon Dorlus, Bralen Trice, JD Bertrand, he’s, Taliese Fuaga, Aid McKinstry, Khristian Boyd, Weeks, Laiatu Latu hasn’t, Adonai Mitchell, Joe Flacco, Anthony Richardson, Anthony Richardson's, gam, Ang, e nt, No, Wil l iams: He, lea, dou, Tre, Ben, Lo, Bea, Caro, tigh, carr, rs does, ron, Nix, Eli M ann i, Fran, abou, Dalt, Andy Dalt, ake, Will Levi, Gian, Smit, Garr, Thom, Pede, arn Organizations: NFL, Washington, Green Bay Packers, Vikings, New York Jets, Chiefs, Los Angeles Chargers, Chargers, Veteran, New, New Orleans Saints, Beat Buffalo Bills, Bills, Ravens, 33rd, Cincinnati Bengals, Buffalo Bills, Baltimore Ravens, Buffalo, Houston Texans, Beat Seattle Seahawks, Lions, Ennis, The, USA, Beat Arizona Cardinals, Cleveland Browns, Beat Jacksonville Jaguars, Texans, Jaguars, Seattle Seahawks, Detroit Lions, Seahawks, New York Giants, Beat Philadelphia Eagles, Bucs, Tampa Bay’s, Atlanta Falcons, mojo, Indianapolis Colts, Steelers, South Dakota State, Colts, Dallas Cowboys, 49ers, New England Patriots, Central, Patriots, 33rd Team, Arizona Cardinals, Kansas City Chiefs, Minnesota Vikings, Packers, Los Angeles Rams, Beat New York Giants, Dallas, Pittsburgh Steelers, Beat New Orleans Saints, The Falcons, Tampa Bay Buccaneers, Aid, Beat Pittsburgh Steelers, Jacksonville Jaguars, Cal, Wil, pla, ims, unt, Sund, Jets, erc, ork Jets, acc, ard, lse Locations: Kansas, New Orleans, The Republic, Tampa, Central Missouri, Atlanta, Indianapolis
Stock futures were little changed on Monday evening, after the S&P 500 closed at a record to end September. S&P 500 futures inched lower by 0.1%, while Nasdaq 100 futures were just below the flatline. In the regular session, the S&P 500 and the 30-stock Dow notched closing records. All three major averages posted monthly gains, and it was the first positive September for the S&P 500 since 2019. The S&P 500, Dow and Nasdaq Composite also ended the third quarter in positive territory.
Persons: Jerome Powell, nonfarm, Dave Sekera Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Dow, Federal, Investors, Morningstar, Traders, International Longshoremen's Association, Gulf Coasts, U.S, U.S . Bureau of Labor Statistics, Labor, Survey, P Global U.S, Manufacturing, ISM, PMI Locations: New York City, U.S, Gulf
CNBC Daily Open: Stocks are dancing in September
  + stars: | 2024-09-30 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Andrew Kelly | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks' defiant showing this September was helped by positive sentiment generated by the U.S. Federal Reserve's jumbo rate cut and upbeat economic data. Relatedly, the University of Michigan's consumer sentiment index for September rose to a better-than-forecast 70.1 from 67.9 in August. "Inflation continues to keep its head down, and while economic growth may be slowing, there's no indication it's falling off a cliff."
Persons: Andrew Kelly, Chris Larkin, Morgan Stanley, , Jeff Cox, Brian Evans, Pia Singh Organizations: New York Stock Exchange, Reuters, CNBC, Nasdaq, Dow Jones, U.S, U.S . Federal, University of, U.S . Bureau, Atlanta Locations: U.S .
CNBC Daily Open: Shiny September days for stocks
  + stars: | 2024-09-30 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Brendan Mcdermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks' defiant showing this September was helped by positive sentiment generated by the U.S. Federal Reserve's jumbo rate cut and upbeat economic data. Relatedly, the University of Michigan's consumer sentiment index for September rose to a better-than-forecast 70.1 from 67.9 in August. "Inflation continues to keep its head down, and while economic growth may be slowing, there's no indication it's falling off a cliff."
Persons: Brendan Mcdermid, Chris Larkin, Morgan Stanley, , Jeff Cox, Brian Evans, Pia Singh Organizations: New York Stock Exchange, Reuters, CNBC, Nasdaq, Dow Jones, U.S, U.S . Federal, University of, U.S . Bureau, Atlanta Locations: U.S .
The S & P 500 earned three records this week alone. The S & P 500 is also moving in tandem with de facto market leader Nvidia , which advanced 4.6% on the week. Meanwhile four sectors in the S & P 500, real estate, financials, energy and health care, all ended the week lower. .SPX NVDA 5D mountain The S & P 500 still ended the week higher despite a slight pullback in gains on Friday. The month is typically the worst stretch of the year, but so far the S & P 500 is ahead 1.6%.
Persons: Michael Rosen, NVDA, Lori Calvasina, Calvasina, CNBC's Organizations: Nvidia, Equity, Angeles Investments, Macro, Nasdaq, Dow Jones, RBC Capital Markets
In fact, the S & P 500 is on pace for a winning September — its first since 2019 — with a gain of more than 1%. The month is typically the worst stretch of the year on average for all three major averages and the Russell 2000, according to the Stock Trader's Almanac. Some of September's strength could be attributed to the Federal Reserve's supersized rate cut last week . The S & P 500 notched a fresh record close on Monday and an intraday all-time high on Tuesday. The benchmark S & P 500 typically pulls back nearly 1% on average in October in election years, per the Stock Trader's Almanac.
Persons: , Russell, Gary Pzegeo Organizations: Federal, CIBC Private Wealth Management
It’s only Week 4 in the NFL, and already the league has given us plenty of surprises. AdvertisementLast week: 2Monday: Beat Jacksonville Jaguars 47-10Surprise: That all of their offseason losses haven’t hurtIn fact, some of them might have helped. Seattle Seahawks (3-0)Last week: 10Sunday: Beat Miami Dolphins 24-3Surprise: This team leads the NFC West by two gamesIt’s not the 49ers. pic.twitter.com/5ZUE81lJQm — NFL (@NFL) September 20, 202416. For the season, NFL kickers have hit 76.5 percent of their field goals from beyond 50 yards.
Persons: Trevor Lawrence, we’ve, Josh Allen, Allen, Damar Hamlin, Travis, isn’t, Kelce, Patrick Mahomes, Amon, Ra St, Brown, Jahmyr Gibbs, Gibbs, J., m., abel, m. E Organizations: NFL, Seattle Seahawks, Beat Jacksonville Jaguars, Bills, Baltimore Ravens, Beat Atlanta Falcons, Chiefs, , Los Angeles Chargers, Beat Arizona Cardinals Locations: 7 y, 9 y, 1 y, 4 y, 2 y, 5 y
Self-compassionate touch, which can be practiced anywhere, can include stroking the upper arms like a hug. Milko/E+/Getty ImagesThe study showed a single 20-second session of self-compassionate touch significantly reduced stress, increased kindness to the participant and improved mental well-being. However, Hafeez noted that while self-compassionate touch showed similar mental health benefits to long-term therapy, it is not a complete substitute for it — especially among those with diagnosed mental health conditions. Instead, she advised people to think of self-compassionate touch as an added tool for their mental health toolbox. The study results showed the more people make self-compassionate touch a habit, the greater the mental health benefits.
Persons: Eli Susman, Susman, ” Susman, , , , Sanam Hafeez, Susan Evans, ” Evans, Hafeez, It’s, “ It’s, Jocelyn Solis, Moreira Organizations: CNN, University of California, Research, College, Weill Cornell Medical College Locations: Plum, France, Berkeley, New York City, New York
CNBC Daily Open: Vaguely reassuring Fedspeak
  + stars: | 2024-09-24 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Michael Nagle | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In an interview with CNBC, Minneapolis Fed President Neel Kashkari said, "We still have a strong, healthy labor market. But I want to keep it a strong, healthy labor market." Atlanta Fed President Raphael Bostic was more circumspect.
Persons: IXIC BRBY, Jerome Powell, Michael Nagle, Neel Kashkari, Raphael Bostic, Austan Goolsbee, Goolsbee, yesterday's Fedspeak, Dow, Jeff Cox, Brian Evans, Alex Harring Organizations: US Federal Reserve, Market, New York Stock Exchange, Bloomberg, Getty, CNBC, Minneapolis, Atlanta Fed, National Association of State, Chicago Fed, Dow, Nasdaq Locations: New York, U.S
The yield on the 10-year Treasury was more than 4 basis points higher at 3.789%, while the 2-year Treasury yield rose 2 basis points to trade at 3.597%. U.S. Treasury yields were higher on Tuesday as market participants awaited fresh economic data and further comments from Federal Reserve officials. The 10-year Treasury yield ended last week almost 8 basis points higher after the U.S. central bank lowered interest rates by 50 basis points on Wednesday. "I think after 50 basis points, we're still in a net tight position," Kashkari said in a CNBC "Squawk Box" interview. On the data front, consumer confidence data for September and Richmond Fed surveys for September are both scheduled to be released at 10 a.m.
Persons: Neel Kashkari, we're, Kashkari, Michelle Bowman, Adriana Kugler, Jeff Cox, Brian Evans, Jenni Reid Organizations: Treasury, U.S, Federal Reserve, Minneapolis Federal, CNBC, Fed, Richmond Fed Locations: U.S, Minneapolis
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