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☆ S&P 500 futures are little changed as investors parse latest earnings reports: Live updates
▼ + stars: | 2024-01-29 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

S&P 500 futures are near flat Monday night as investors analyzed the latest corporate earnings with the Federal Reserve policy meeting on the horizon. These moves follow a winning day on Wall Street that brought the Dow and S&P 500 to their sixth record closes of the year. Monday marked the start of a busy week for corporate earnings, with 19% of companies in the S&P 500 set to report. Of the nearly one-quarter of S&P 500 members that have already reported, about 72% exceeded Wall Street expectations, according to FactSet. Elsewhere on Tuesday, investors will follow Microsoft and Alphabet , two of the mega-cap technology names set to report earnings this week.

Persons: Keith Buchanan, We've Organizations: New York Stock Exchange, Federal Reserve, Nasdaq, Dow Jones Industrial, Whirlpool, Dow, Globalt Investments, U.S . Treasury Department, Federal, Microsoft, Apple, General Motors, UPS, Starbucks Locations: New York City, U.S

☆ Inflation has created a dark cloud over how everyday Americans view the economy
▼ + stars: | 2023-12-25 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

There's rising hope that monetary policymakers have successfully cooled inflation without tipping the economy into a recession. Yet closely watched survey data from the University of Michigan shows consumer sentiment, while improving, is a far cry from pre-pandemic levels. Inflation vs. the job marketContinued strength in the labor market is something economists expected to sweeten everyday Americans' views of the economy. While the Michigan index compiles questions focused on financial conditions and purchasing power, the Conference Board's more closely gauges one's feelings about the job market. A hot job market can be a double-edged sword for sentiment, Michigan's Hsu noted.

Persons: Scott Olson, Kyle Connolly, Connolly, she's, Joanne Hsu, we're, Hsu, That's, Camelia, Kuhnen, Michigan's Hsu, UNC's Kuhnen, Karen Dynan, Marissa Lyda, Lyda, She's, there's, There's, Harvard's, Dynan, Jerome Powell, Kevin Lamarque Organizations: Toyota, Facebook, Federal Reserve, University of Michigan, Bureau of Labor Statistics, Labor Department, Conference, University of North, U.S . Treasury Department, Walmart, Federal, Committee Locations: Chicago , Illinois, Florida's panhandle, Michigan, University of North Carolina, Harvard, Phoenix, Portland, Kroger, Washington , U.S

☆ US, partners target North Korea with sanctions following satellite launch
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +4 min

The list includes senior officials from the National Aerospace Technology Administration, which oversaw the satellite launch, and the munitions industry department. Since the launch of the satellite, North Korea said that its leader, Kim Jong Un, has reviewed spy satellite photos of the White House, Pentagon and U.S. aircraft carriers at the naval base of Norfolk. Kimsuky's hacking operation has been historically focused on South Korea, Japan and the United States. The RGB is a North Korean intelligence agency that is involved in cyber warfare activities, according to analysts, and is under U.S. sanctions. Two Russia-based representatives of North Korean banks and one China-based representative were also hit with sanctions, among others.

Persons: Kim Jong, Brian Nelson, Nelson, Kimsuky, Daphne Psaledakis, David Brunnstrom, Christopher Bing, Hyonhee Shin, Sandra Maler, Gerry Doyle Organizations: Korean Central News Agency, KCNA, REUTERS, U.S . Treasury Department, North, Terrorism, Financial Intelligence, Democratic People's, National Aerospace Technology Administration, United Nations, White House, Pentagon, U.S, North Korea sparred, Security Council, Treasury, Cybersecurity, Infrastructure Agency, Security, U.S . National Security Agency, Korea's, Bureau, UN, Thomson Locations: WASHINGTON, SEOUL, United States, Korea, U.S, Australia, Japan, North Korea, Korean, Republic of Korea, Democratic People's Republic of Korea, South, New York, Norfolk, South Korea, Guam, Italy, Washington, Europe, Russia, North Korean, Iran, China, North, Seoul

☆ Binance mega-fine fits go-big-or-go-home vibe
▼ + stars: | 2023-11-22 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 21 (Reuters Breakingviews) - Cryptocurrency is a precocious industry, in its lows as well as its highs. So it makes sense that Binance, the world’s largest crypto exchange, has agreed to pay a $4.3 billion fine for anti-money laundering, effortlessly surpassing penalties paid by miscreant financial firms that have been around for more than a century longer. Binance boss Changpeng Zhao, a kingpin of crypto and the man who precipitated the downfall of bankrupt rival FTX, pleaded personally guilty on Tuesday to criminal violations. HSBC (HSBA.L), (0005.HK) in 2012 agreed to pay $1.9 billion for its role in facilitating drug cartels’ money laundering. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Changpeng Zhao, FTX, Zhao, Binance, Al Qaeda, It’s, Goldman Sachs, Goldman, David Solomon, Sam Bankman, John Foley, Sharon Lam Organizations: Reuters, HSBC, HK, Malaysian, U.S . Treasury Department, Thomson Locations: Iran, North Korea, U.S

Ford said it would restart construction of the factory near Marshall, Michigan, after being paused two months ago. Ford is pushing for the U.S. Treasury Department to approve lithium-iron, or LFP, batteries made at the Michigan factory to qualify for Inflation Reduction Act EV subsidies. Ford now plans to cut the Michigan battery plant's capacity to 20 gigawatt hours and reduce hiring to 1,700 jobs. Ford said in October that it would cut future electric vehicle investments overall by $12 billion compared to previous plans. The company has previously postponed construction of a battery factory in Kentucky and another in Turkey.

Persons: Ford, CATL, Mark Truby, Truby, Joe White, Anil D'Silva Organizations: DETROIT, CATL, United Auto Workers, U.S . Treasury Department, Ford, Blue, Battery Park Michigan, Michigan, Thomson Locations: Michigan, U.S, Marshall , Michigan, Kentucky, Turkey

☆ U.S. Sanctions Shipping Companies for Allegedly Evading Russia Oil Price Cap
▼ + stars: | 2023-11-17 | by ( Richard Vanderford | ) www.wsj.com time to read: 1 min

The U.S. Treasury Department has sanctioned three shipping companies based in the United Arab Emirates for allegedly violating the $60-a-barrel price. Photo: Ariel Zambelich/The Wall Street JournalThe U.S. has imposed sanctions on additional shipping companies and vessels that it says evaded a cap meant to cut Russia’s oil revenue. The Treasury Department on Thursday said it placed sanctions on three companies based in the United Arab Emirates: Kazan Shipping, Progress Shipping and Gallion Navigation. Vessels owned by those companies transported Russian crude without respecting a $60-a-barrel price cap imposed by the U.S. and allies, the Treasury said.

Persons: Ariel Zambelich Organizations: U.S . Treasury Department, United Arab Emirates, Street, Treasury Department, United Arab, Kazan Shipping, Progress Shipping, Gallion, U.S, Treasury Locations: United Arab Emirates, Kazan

☆ Russia's Urals oil from Baltic ports falls below $60 cap amid sanctions
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, Nov 17 (Reuters) - Russia's Urals oil prices on Friday fell below the Western price cap level of $60 per barrel amid a rise in freight rates fuelled by fresh U.S. sanctions on shipowners and weaker global oil prices, two traders said and Reuters calculations showed. Russia's main export grade had been trading above $60 since mid-July amid output cuts by OPEC+ producers including Saudi Arabia and Russia. On Friday freight rates for Urals oil shipments from Russia's Baltic ports of Primorsk and Ust-Luga to India rose to $9.2-9.5 million per tanker per voyage from $8 million last week. Urals oil prices on a delivered ex-ship basis in Indian ports were stable at a discount of around $5 per barrel to dated Brent, traders said. High transportations costs weighed on FOB prices for Russian Urals oil, traders said, adding that amid weakness in Brent the grade's price was below $60 as of Friday.

Persons: Brent, Jason Neely Organizations: U.S . Treasury Department, United, Thomson Locations: MOSCOW, U.S, United Arab Emirates, Australia, Ukraine, Saudi Arabia, Russia, Primorsk, Ust, Luga, India, Brent

☆ U.S. targets maritime companies, vessels for shipping oil above Russian price cap
▼ + stars: | 2023-11-16 | by ( Daphne Psaledakis | ) www.reuters.com time to read: +2 min

The seized Russian-flagged oil tanker Pegas is seen anchored off the shore of Karystos, on the Island of Evia, Greece, April 19, 2022. REUTERS/Vassilis Triandafyllou/File Photo Acquire Licensing RightsWASHINGTON, Nov 16 (Reuters) - The United States on Thursday imposed sanctions on maritime companies and vessels for shipping oil sold above the G7's price cap, as Washington seeks to close loopholes in the mechanism designed to punish Moscow for its war in Ukraine. It said the vessels used U.S.-person services while transporting the Russian-origin crude oil. The cap bans Western companies from providing maritime services, including insurance, finance and shipping, for Russian seaborne oil exports sold above $60 a barrel, while seeking to keep oil flowing to markets. “Shipping companies and vessels participating in the Russian oil trade while using Price Cap Coalition service providers should fully understand that we will hold them accountable for compliance,” Deputy Treasury Secretary Wally Adeyemo said in the statement.

Persons: Vassilis, Wally Adeyemo, Daphne Psaledakis, Laura Sanicola, Ismail Shakil, Susan Heavey, Chizu Organizations: REUTERS, Rights, The U.S . Treasury Department, United, “ Shipping, Coalition, Ukraine, Thomson Locations: Russian, Karystos, Evia, Greece, United States, Washington, Moscow, Ukraine, The U.S, United Arab Emirates, U.S, Australia, Price

It also slightly raised its 2023 forecast for growth in global oil demand and stuck to its relatively high 2024 prediction. Last week, oil prices slid to their lowest level since July, hurt by concerns that demand could wane in in top oil consumers U.S. and China. A U.S. crackdown on Russian oil exports could potentially disrupt supply, supporting prices further. Iraq's oil minister expects to reach an agreement with the Kurdistan Regional Government and foreign oil companies to resume oil production from the Kurdish region's oilfields and resume northern oil exports through the Iraq-Turkey pipeline. Focal points for the market include the International Energy Agency's latest monthly oil market report later in the day.

Persons: Dun Jiao, Tatiana Meel, Leon Li, Emily Chow, Edwina Gibbs, Stephen Coates Organizations: REUTERS, Rights, Brent, ING, Organization of, Petroleum, Strategic Petroleum Reserve, U.S . Treasury Department, Kurdistan Regional Government, of Commerce, International Energy, APEC, Markets, Thomson Locations: Nakhodka, Russia, Rights SINGAPORE, U.S, China, Washington, Moscow, Iraq, Kurdish, Turkey, Shanghai

☆ Oil prices edge up after OPEC says market fundamentals are strong
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsSINGAPORE, Nov 14 (Reuters) - Oil prices inched up on Tuesday after an OPEC report said market fundamentals remained strong and due to concerns supplies might be disrupted as the U.S. cracks down on Russian oil exports. Last week, oil prices slid to their lowest level since July, hurt by concerns that demand could wane in in top oil consumers U.S. and China. Iraq's oil minister expects to reach an agreement with the Kurdistan Regional Government and foreign oil companies to resume oil production from the Kurdish region's oilfields and resume northern oil exports through the Iraq-Turkey pipeline. Oil prices were also supported by a U.S. crackdown on Russian oil exports, potentially disrupting supply. Focal points for the market include the International Energy Agency's latest monthly oil market report later in the day.

Persons: Dun Jiao, Tatiana Meel, Emily Chow, Edwina Gibbs Organizations: REUTERS, Rights, Brent, Organization of, Petroleum, ANZ Research, Kurdistan Regional Government, of Commerce, U.S . Treasury Department, Strategic Petroleum Reserve, International Energy, Energy, Thomson Locations: Nakhodka, Russia, Rights SINGAPORE, U.S, China, Iraq, Kurdish, Turkey, Washington, Moscow

The logo of Industrial and Commercial Bank of China (ICBC) is pictured at the entrance to its branch in Beijing, China April 1, 2019. ICBC, whose U.S. arm was hit by a ransomware attack that disrupted trades in the U.S. Treasury market on Nov. 9, did not immediately respond to a request for comment. "They paid a ransom, deal closed," the Lockbit representative told Reuters via Tox, an online messaging app. "The market is mostly back to normal now," said Zhiwei Ren, a portfolio manager at Penn Mutual Asset Management. The ransomware attack came at a time of heightened worries about the resiliency of the $26 trillion Treasury market, essential to the plumbing of global finance, and is likely to draw scrutiny from regulators.

Persons: Florence, BNY Mellon, Zhiwei Ren, Ransom, Allen, James Pearson, Davide Barbuscia, Carolina Mandl, Tatiana Bautzer, Pete Schroeder, Michelle Price, David Goodman, Jonathan Oatis, Alexander Smith Organizations: Industrial, Commercial Bank of China, REUTERS, Commercial Bank of, Reuters, U.S . Treasury, Penn Mutual Asset Management, Treasury, U.S . Treasury Department, Financial, Authorities, Boeing, Overy, Washington DC, Thomson Locations: Beijing, China, Commercial Bank of China, U.S, Tox, United States, London, Carolina, New York, Washington

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - The U.S. Treasury Department has sent notices to 30 ship management companies requesting information for more than 100 vessels it suspects of transporting Russian crude oil above the Western oil price cap, according to a source who has seen the documents. It bans Western companies from providing services such as transportation, insurance and financing for the oil sold above the cap. The price cap has caused a shift in global markets as China and India purchase Russian oil, much of which had traditionally gone to Europe and other markets. A rally in global oil prices this year has meant much of Russian oil has traded above the cap. Reporting by Timothy Gardner; Editing by Richard Valdmanis and Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Timothy Gardner, Richard Valdmanis, Grant McCool Organizations: REUTERS, Rights, U.S . Treasury Department, Foreign, Control, Treasury Department, European Union, Thomson Locations: Russia, United States, Washington, Moscow, Ukraine, Australia, China, India, Europe, Western

☆ US Treasury Dept aware of cybersecurity issue at ICBC affecting Treasury market -spokesperson
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: 1 min

The logo of Industrial and Commercial Bank of China (ICBC) is seen at its branch at its headquarters in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsCompanies Industrial and Commercial Bank of China Ltd FollowWASHINGTON, Nov 9 (Reuters) - The U.S. Treasury Department is aware of a cybersecurity issue at Industrial and Commercial Bank of China (601398.SS) that has affected the Treasury market, and is in regular contact with key financial sector participants and regulators, a spokesperson said on Thursday. The Treasury issued the statement following a Financial Times report that a ransomware attack at ICBC had "disrupted" the US Treasury market by preventing the bank from settling Treasury trades on behalf of other market participants. Reporting by Pete Schroeder Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Kim Kyung, Pete Schroeder, Chris Reese Organizations: Industrial, Commercial Bank of China, REUTERS, Commercial Bank of China Ltd, WASHINGTON, U.S . Treasury, Treasury, Times, US Treasury, Thomson Locations: Beijing, China, ICBC

And tensions between the countries heightened earlier this year when a Chinese surveillance balloon was spotted traveling over sensitive U.S. airspace. The U.S. military shot down the balloon off the Carolina coast after it traversed sensitive military sites across North America. With all of the tensions, the two nations have worked to smooth economic ties. Xi similarly met with Blinken in June when the secretary of state traveled to Beijing for talks with Wang. In January, she had her first face-to-face meeting with former Vice Premier Liu He in Zurich.

Persons: Janet Yellen, Joe Biden, Xi Jinping, Nicholas Szechenyi, ”, Biden, Shou Zi Chew, Wang Yi, Antony Blinken, Jake Sullivan, Xi, Wang, Yellen, Liu, “, Colleen Long, Aamer Madhani Organizations: WASHINGTON, —, Economic Cooperation, Center for Strategic, International Studies, APEC, Chinese Foreign, White, U.S, White House, Blinken, U.S . Treasury Department, China’s Ministry of Finance, Associated Press Locations: San Francisco, Asia, United States, China, U.S, Carolina, North America, Washington, Beijing, Zurich

China's foreign ministry said on Friday the lender is striving to minimise risk impact and losses after the attack. "We don't often see a bank this large get hit with this disruptive of a ransomware attack," said Allan Liska, a ransomware expert at the cybersecurity firm Recorded Future. TRADES CLEAREDICBC said it had successfully cleared Treasury trades executed on Wednesday and repurchase agreements (repo) financing trades done on Thursday. Some market participants said trades going through ICBC were not settled due to the attack and affected market liquidity. The Treasury market appeared to be functioning normally on Thursday, according to LSEG data.

Persons: Kim Kyung, ICBC, Wang Wenbin, Wang, Lockbit, Allan Liska, Scott Skrym, Michael Gladchun, Loomis Sayles, SIFMA, Urvi, Pete Schroder, Gertrude Chavez, Davide Barbuscia, Carolina Mandl, Paritosh Bansal, Joe Cash, Stephen Coates, Tomasz Janowski Organizations: Commercial Bank of China Ltd, REUTERS, Industrial, Commercial Bank of China, Commercial Bank of China's, U.S . Treasury, ICBC Financial Services, Cybersecurity, Infrastructure Security Agency, Boeing, U.S . Treasury Department, Treasury, Securities, Financial Times, U.S . Securities Industry, Financial Markets Association, Thomson Locations: Beijing, China, U.S, Bengaluru, Washington, Carolina

☆ CNBC Daily Open: Markets extend winning streaks
▼ + stars: | 2023-11-07 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

(Photo by Roy Rochlin/Getty Images)This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The tech-heavy index rose for seven straight days, while the Dow and S&P 500 rose for six straight days for the first time since July and June, respectively. Now, CNBC Pro deep dives into which winning names investors should look at that could be poised to lead any rally in the coming week. These include stocks in the S&P 500 that are up 10% or more off of their 52-week lows and have gained 10% or more in the past month.

Persons: Roy Rochlin, Jane, OpenAI, Janet Yellen, Lifeng, Joe Biden, Xi Jinping Organizations: NEW, Trump, Federal, CNBC, Dow Jones, Dow, Bora, Microsoft, U.S . Treasury, Asia Pacific Economic Cooperation, APEC Locations: Downtown Manhattan, New York City, U.S, San Francisco

☆ The Big Problem With Government Debt Isn’t What You Think
▼ + stars: | 2023-11-06 | by ( Jon Sindreu | ) www.wsj.com time to read: 1 min

Investors are worried that Western governments are issuing more bonds than investors can buy. Whether the system that transacts in those bonds can bear the load could be a much more urgent issue. Last week, the U.S. Treasury Department said it would issue longer-term debt. Ten-year and 30-year government-bond yields, which had recently touched 16-year highs, have since fallen sharply.

Organizations: U.S . Treasury Department

☆ U.S. Targets Russian Businesswoman, Saying She Helped Oligarchs Evade Sanctions
▼ + stars: | 2023-11-03 | by ( Angus Berwick | Andrew Duehren | ) www.wsj.com time to read: 1 min

Moscow’s international business center, where Garantex is based. Photo: Agence France-Presse/Getty ImageThe U.S. Treasury Department sanctioned a Russian businesswoman Friday who it said helped Russian oligarchs and cybercriminals use cryptocurrencies to evade U.S. sanctions. Ekaterina Zhdanova, 37, used digital currencies to facilitate large cross-border transactions, taking advantage of platforms with weak compliance controls such as a Russian crypto exchange called Garantex that the U.S. sanctioned last year, Treasury said in a statement.

Persons: Ekaterina Zhdanova Organizations: Agence France, . Treasury Department, Treasury Locations: Russian

[1/2] Dollar, Euro and Pound banknotes are seen in this picture illustration taken April 28, 2017. The euro was last up 0.27% at $1.06515, and thanks to gains earlier in the week was heading for a weekly gain of 0.8%, which would be its most since July. Sterling likewise was up 0.2% on the day at $1.2228, and set for a 0.86% weekly gain, also its most since July. Both the Aussie and the New Zealand dollars are up 1.7% for the week, their best weekly performance since again mid-July. The dollar is heading for a weekly gain of 0.25% on the franc and was last at 0.9041 francs.

Persons: Dado Ruvic, Sterling, Jerome Powell, We've, BOE, Yusuke Miyairi, Detroit's, Kazuo Ueda, Ankur Banerjee, Rae Wee, Gerry Doyle, Kim Coghill, David Evans Organizations: REUTERS, Rights, U.S . Treasury Department, Federal, Fed, Treasury, Nomura, Analysts, United Auto Workers, UAW, Bank of England, Bank of Japan, Reuters, New, Swiss, Thomson Locations: Rights SINGAPORE, LONDON, U.S, New Zealand, Singapore

☆ US dollar drops to six-week low after softer-than-expected jobs data
▼ + stars: | 2023-11-03 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

[1/4] U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. The index was on track for its largest one-day fall since July. The numbers for September were revised lower to show 297,000 jobs created instead of 336,000 as previously reported. Against the yen, the dollar slid 0.6% to 149.53 yen , capping a whirlwind week, in which the Japanese currency touched a one-year low against the dollar and 15-year trough against the euro. Sterling rose 1.1% versus the dollar to $1.2327, after earlier hitting a six-week high of $1.2350.

Persons: Dado Ruvic, Brad McMillan, Kazuo Ueda, Sterling, Jerome Powell, Gertrude Chavez, Dreyfuss, Chibuike Oguh, Alun John, Ankur Banerjee, Christina Fincher, Andrea Ricci Organizations: REUTERS, Sterling, Federal Reserve, Commonwealth Financial Network, Bank of Japan, Reuters, Treasury, U.S . Treasury Department, Thomson Locations: Waltham , Massachusetts, U.S, New York, London, Singapore

The U.S. Treasury Department’s Office of Foreign Assets Control said that Vulin used his public authority to help a U.S.-sanctioned Serbian arms dealer move illegal arms shipments across Serbia’s borders. The close associate of populist Serbian President Aleksandar Vučić had previously served as both the army and police chief. “The U.S. and the EU are looking for my head as a precondition for not imposing sanctions on Serbia," Vulin said in a statement. “I will not allow myself to be the cause of blackmail and pressure on Serbia and the Serbian world. The trip underscored Belgrade’s refusal to join Western sanctions against Russia over its full-scale invasion of Ukraine.

Persons: Aleksandar Vulin, Vulin, Aleksandar Vučić, ”, Vladimir Putin —, Vučić, “, ” Vulin, Sergey Lavrov, Vulin’s Organizations: U.S . Treasury Department’s, Foreign, Control, BIA, Serbian, USA, Russia, Russian, European Union, EU Locations: BELGRADE, Serbia, Russia, United States, Balkan, U.S, Serbian, Vulin, EU, Moscow, Ukraine, Europe, Kosovo

☆ CNBC Daily Open: The Fed’s bringing cheer to markets
▼ + stars: | 2023-11-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rates unchanged, againThe Federal Reserve kept interest rates unchanged, holding the key federal funds rate in a target range between 5.25% to 5.5%. Markets cheered decisionU.S. markets rallied Wednesday as investors digested — and cheered — the Fed's decision to hold rates steady. Bond reliefThe U.S. Treasury Department will auction next week $112 billion in debt in three parts: $48 billion in 3-year notes, $40 billion in 10-year notes and $24 billion in 30-year bonds.

Persons: Jerome Powell, Powell, —, Aston Martin, Nela Richardson, Steer, Morgan Stanley's Adam Jonas, Here's Organizations: CNBC, Federal Reserve, U.S . Treasury Department, Ford, GM Locations: U.S

☆ CNBC Daily Open: The Fed keeps rates, markets celebrate
▼ + stars: | 2023-11-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rates unchanged, againThe Federal Reserve kept interest rates unchanged, holding the key federal funds rate in a target range between 5.25% to 5.5%. Markets cheered decisionU.S. markets rallied Wednesday as investors digested — and cheered — the Fed's decision to hold rates steady. [PRO] The S&P 500(0) dreamIn August, Morgan Stanley Investment Management's Andrew Slimmon said the S&P 500 would hit 5,000 this year.

Persons: Jerome Powell, Powell, —, Xpeng, Nio, BYD, Morgan Stanley, Andrew Slimmon Organizations: CNBC, Federal Reserve, Nikkei, U.S . Treasury Department, Li Auto, Morgan, Morgan Stanley Investment Locations: Asia, Pacific, U.S

The U.S. Treasury Department said Tuesday it was imposing sanctions on Myanmar’s state-owned Myanma Oil and Gas Enterprise, a joint venture partner in all offshore gas projects and a vital source of hard cash for the military government. Canada also imposed sanctions against 39 individuals and 22 entities in coordination with the U.K. and the U.S. The sanctions are the latest the Western governments have imposed on Myanmar’s military regime, after the army seized power from the elected civilian government of Aung San Suu Kyi on Feb. 1, 2021. The Myanmar public and human rights groups had called for sanctions targeting gas revenues shortly after the army takeover. The European Union imposed sanctions against MOGE in February last year.

Persons: —, Tom Andrews, ”, Andrews, U.N, MOGE, Aung, Suu Kyi, “, ” Brian Nelson Organizations: The U.S . Treasury Department, Gas Enterprise, Treasury Department, U.S, ”, Treasury, MOGE, European Locations: BANGKOK, United States, United Kingdom, Canada, The U.S, Myanmar, U.S, Suu, Thailand, Japan, Malaysia, India, South Korea, China

☆ US Treasury increases size of most of its debt auctions
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +3 min

A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. Treasury yields fell after the announcement on relief the increases were not as large as some had feared. The Treasury said on Wednesday it plans to increase the size of its two-year and five-year note auctions by $3 billion per month, and to increase the size of its 3-year and 7-year note auctions by $2 billion and $1 billion per month, respectively. The government will also increase the size of its two-year floating rate note new issue and reopenings by $2 billion. Some Treasury Inflation-Protected Securities (TIPS) auction sizes will also be increased, with a $1 billion increase in the December 5-year TIPS auction and January 10-year TIPS auction.

Persons: Kevin Lamarque, Steven Ricchiuto, Karen Brettell, Herb Lash, Paul Simao, Andrea Ricci Organizations: Department of, U.S . Treasury, REUTERS, U.S . Treasury Department, Treasury, U.S, Mizuho Securities USA, Securities, Thomson Locations: Washington , U.S, New York, U.S

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