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☆ If you're under 40, Biden's latest student-debt relief plan probably isn't much help
▼ + stars: | 2023-07-14 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The Biden administration will forgive $39 billion of student debt for about 800,000 borrowers. Only those who've made repayments in an income-driven plan for either 20 or 25 years are eligible. That means the policy probably isn't much help to anybody younger than 40. The Education Department said it will start notifying borrowers who are eligible to have their debt repayments forgiven over the next few weeks. The Biden administration's latest move comes two weeks after the Supreme Court struck down its broader plan to cancel up to $20,000 worth of student debt for federal borrowers.

Persons: Biden, Joe Biden's Organizations: Service, Education Department Locations: Wall, Silicon

☆ Former Essence Magazine employees say they witnessed a 'hellish' and 'dehumanizing' culture at the leading publication for Black women in America
▼ + stars: | 2023-07-13 | by ( Yoonji Han | ) www.businessinsider.com time to read: +34 min

On June 28, 2020, a group of women using the name Black Females Anonymous published a damning public letter that shook Essence magazine, the leading publication for Black women in America, to the core. Essence magazine was launched in 1970 at a time when Black business and civil-rights leaders called for greater self-determination and empowerment. The magazine was the brainchild of a group of four Black businessmen who identified a lack of publications for Black women in America. "And that is to serve Black women deeply, to serve women of color in a way that no one else has thought about." Essence CEO Michelle Ebanks, Dennis, and Essence chief content and creative officer, Moana Luu, at the 2020 13th Annual Essence Black Women in Hollywood luncheon.

Persons: Richelieu Dennis, Dennis, haven't, Susan Taylor, Taylor, —, Jason Kempin, wasn't, Michelle Ebanks, Rich Dennis, Arturo Holmes, Margarita Corporan, Forbes, let's, didn't, Sandra Okerulu, Ebanks, Luu, Moana, Rich Polk, Wears, Danielle Young, Julee Wilson, Candace Montgomery, Wilson, Montgomery, Martha, Martha Dennis, Rechelle, Sophia, Richelyna, Alan Lescht, bristled, Joy Collins Profet, Readers, Essence's, Collins Profet, Caroline Wanga, — it's, Wanga, unappreciated, Travis Montaque, cofounders, Lionel Hahn, Yesha Callahan, Rich, That's what's, Yoonji Han Organizations: Black, Time Inc, Vogue, Sports, Essence Communications, Entertainment, New York Times, Meredith Corporation, Essence, Inc, Brands, Ventures, Upfronts, Babson College, The, Depot, PepsiCo, Accenture, Unilever, Magazine, Magazine's, Penske Media, Getty, Essence Ventures, Afropunk, Vice Media, Black Entertainment Television, Digital, Sports Illustrated, Media, Fortress Investment, NASDAQ, Trace Media, texturism, Readers, Employees, Staff, BET, Culture, Democracy, Inkwell Locations: America, Black, Liberia, Queens, shea, Moana Luu, Martinique, France, Paris, Philippines, Hollywood, Industry City, Brooklyn, Cannes

☆ Essence Magazine was meant to be a place for 'Black girl magic.' Internally, some employees say it was more like 'Black girl tragic.'
▼ + stars: | 2023-07-13 | by ( Yoonji Han | ) www.businessinsider.com time to read: +34 min

"Essence is the most deceptive Black media company in America. Essence Magazine was first published in 1970 at a time when Black business and civil rights leaders called for greater self-determination and empowerment. The magazine was the brainchild of a group of four Black businessmen who identified a lack of publications for Black women in America. "And that is to serve Black women deeply, to serve women of color in a way that no one else has thought about." Essence CEO Michelle Ebanks, Richelieu Dennis, and Essence chief content & creative officer Moana Luu at the 2020 13th Annual ESSENCE Black Women in Hollywood luncheon.

Persons: Richelieu Dennis, Dennis, Susan Taylor, Taylor, —, Jason Kempin, wasn't, Essence Communications Michelle Ebanks, Rich Dennis, Arturo Holmes, Margarita Corporan, Forbes, let's, Black, didn't, Sandra Okerulu, Michelle Ebanks, Luu, Moana, Rich Polk, Wears, Danielle Young, Julee Wilson, Candace Montgomery, Wilson, Montgomery, Martha, Martha Dennis, Rechelle, Sophia, Richelyna, Alan Lescht, bristled, Ebanks, Joy Collins Profet, Readers, Essence's, Collins Profet, Caroline Wanga, — it's, Wanga, unappreciated, Travis Montaque, cofounders, Lionel Hahn, Yesha Callahan, Rich, That's what's, Yoonji Han Organizations: Black, Essence Magazine, Time Inc, Vogue, Sports, Essence Communications, Entertainment, New York Times, Meredith Corporation, Brands, Ventures, Upfronts, Babson College, The, Depot, PepsiCo, Accenture, Unilever, Inc, Magazine, Magazine's, Penske Media, Getty, Essence Ventures, Afropunk, Vice Media, Black Entertainment Television, Digital, Sports Illustrated, Media, Fortress Investment, NASDAQ, Trace Media, texturism, Hamptons, Readers, Employees, Staff, BET, Culture, Democracy, Inkwell, Essence Locations: America, Black, Liberia, Queens, shea, Moana Luu, Martinique, France, Paris, Philippines, Hollywood, Industry City, Brooklyn, Cannes

Over the last decade, U.S. corn yield in August was lower than in July four times, including the past two years. The recent years with higher August corn yields versus July have featured some sizable moves. The government's corn and soybean yields will rely heavily on survey data next month and field observations will be added in September. Last month was the Midwest’s driest June since 1988, though USDA left U.S. soybean yield untouched from the 52-bpa trendline. August soybean yield has come in lower than in July only twice in the past 10 years (2013, 2021).

Persons: Karen Braun, Matthew Lewis Organizations: U.S . Department of Agriculture, USDA, Reuters, Thomson Locations: NAPERVILLE , Illinois, USDA

☆ Morning Bid: Markets bet July 2023 is 'peak Fed'
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike DolanSurprise news of a 2%-plus print on U.S. headline inflation rate for June has world markets betting the peak of the Federal Reserve's interest rate campaign will now be this month. Either way, the latest inflation cheer means U.S. rate futures have wiped out bets of another Fed rate hike after a final quarter-point move to 5.25-5.50% at July 26's meeting. Although they see peak rates held there to year-end, futures now price as much as a full percentage point of cuts by this time in 2024. The VIX "fear index" (.VIX) fell back below 14 to its lowest of the month so far. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan, That's, Christopher Waller, Mary Daly, Joe Biden, Christine Lagarde, Toby Chopra Organizations: Fed, Nasdaq, PepsiCo, Delta Airlines, Bank of, Swiss, Bank of Canada, Federal Reserve, San Francisco Fed, Nordic, European Central Bank, . Treasury, Reuters, Thomson Locations: U.S, Beijing, Jackson, Fastenal, Helsinki, Brussels, Japan

☆ China beats SpaceX and Blue Origin to reach orbit with a methane-fueled rocket, edging ahead of the US in the space race
▼ + stars: | 2023-07-13 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

China pulled ahead in the space exploration race by reaching orbit with a methalox rocket first. The fuel, based on methane, is coveted by companies like SpaceX and Blue Origin. SpaceX's own methalox-fueled rocket Starship exploded before reaching this milestone in April. Chinese firm LandSpace launched their Zhuque-2 rocket from the Gobi Desert on Tuesday, reaching orbit shortly after. Meanwhile, the future of New Glenn, Blue Origin's methalox rocket, is uncertain after its BE-4 engine exploded during testing in June, per Space.com.

Persons: LandSpace, Jonathan McDowell, Relativity, New Glenn, Blue, Jonathan Newton Organizations: SpaceX, Service, Privacy, China, US Space Force, Washington, Getty, Reuters Locations: China, Wall, Silicon, New, Starbase, Jiuquan, Gansu Province

☆ A career coach’s 4-step guide to using ChatGPT and LinkedIn for a successful job hunt
▼ + stars: | 2023-07-13 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

The age of online job hunting has led job seekers to make a critical mistake, according to career coach Sarah Doody. But when used correctly, technology like ChatGPT and LinkedIn can help a candidate dodge that mistake, says Doody. But features like LinkedIn Spotlights pull certain profiles out of the haystack and highlight them to recruiters. According to LinkedIn, Spotlights aim to help recruiters "prioritize candidates who are more likely to engage with you and your organization." Specifically, she suggests using it to identify the common themes within a job description, which will ultimately help instruct you on how to customize your application materials for that specific job.

Persons: Sarah Doody, Doody, you'll, you've Organizations: Professional, LinkedIn, ChatGPT Locations: manila, Glassdoor

The best Prime Day deals that are still liveDeal icon An icon in the shape of a lightning bolt. Great Price Casper Nova Hybrid Mattress (Queen) The Casper Nova Hybrid is the best soft mattress and the best mattress for side sleepers that we've tested. On July 11 of Prime Day 2023, this deal matches the lowest price Amazon offers on this kit. Great Price Apple MagSafe Charger This Prime Day sale is one of the best discounts we've seen on the official MagSafe charger. Lightning Deal Vitamix Explorian E310 Blender For Prime Day, the Vitamix Explorian Blender, Professional-Grade, 64 oz.

Persons: AirPods, Price, Price Roku, Max, Price Casper, Casper, it's, wicks, Price Apple, Fryer, fryer, Price Dyson, Dyson, Hoover, It's, Price Dell, Price LG, we've, You'll, Gray Organizations: Amazon Prime, Apple, Amazon, Price Apple, Walmart, OSHA, Prime, Steam, Fire, Price LG, LG, PlayStation, Google, HP, Price Samsung, Samsung, MacBook Air, Asus, Mobile, Lenovo, Gray, Super Nintendo Entertainment, Fujifilm Locations: Siena, Birch, Sol, Cha Kyusu, Japan

The 60+ best Prime Day deals that are still liveDeal icon An icon in the shape of a lightning bolt. While we've seen it for less in the past year, this is still a great deal on our top mattress. On July 11 of Prime Day 2023, this deal matches the lowest price Amazon offers on this kit. Great Price Apple MagSafe Charger This Prime Day sale is one of the best discounts we've seen on the official MagSafe charger. Lightning Deal Vitamix Explorian E310 Blender For Prime Day, the Vitamix Explorian Blender, Professional-Grade, 64 oz.

Persons: AirPods, Price, Price Roku, Max, it's, wicks, Price Apple, Fryer, fryer, Price Dyson, Dyson, Hoover, It's, Price Dell, Price LG, we've, You'll, Price Casper, Casper, Gray Organizations: Amazon Prime, Apple, Amazon, Price Apple, Walmart, OSHA, Prime, Steam, Fire, Price LG, LG, PlayStation, Google, HP, Price Samsung, Samsung, MacBook Air, Asus, Mobile, Fujifilm Locations: Birch, Sol, Cha Kyusu, Japan

☆ Here are Thursday's biggest analyst calls: Tesla, Spotify, Netflix, Chevron, Carvana, Coinbase & more
▼ + stars: | 2023-07-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Thursday's biggest calls on Wall Street: TD Cowen upgrades Meta to outperform from market perform TD Cowen said it sees further share gains ahead for Meta. TD Cowen reiterates Amazon as outperform TD said it's bullish heading into Amazon earnings later this month. Deutsche Bank reiterates Microsoft as buy Deutsche said the stock is "set up nicely" heading into earnings later this month. " Bank of America reiterates Tesla as neutral Bank of America said it's standing by its neutral rating heading into earnings next week. BMO reiterates Chevron as outperform BMO said in a note on Thursday that it likes the oil and gas giant's capital return.

Persons: Cowen, TD Cowen, it's, Stifel, Coinbase, JPMorgan downgrades, Morgan Stanley, Cboe, Morgan Stanley downgrades SoFi, Tesla, Domino's, Robert Iger, Oppenheimer Organizations: Meta, Energy Fuels, Clean Energy Fuels Corp, Barclays, JPMorgan, Spotify, Deutsche Bank, Microsoft, Deutsche, BMO, Netflix, " Bank of America, of America, Suisse, Credit Suisse, Bank of America, Disney, ESPN, Chevron Locations: China

☆ 2-year Treasury yield continues to slide after cool June CPI figure
▼ + stars: | 2023-07-13 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

U.S. Treasury yields were mostly lower on Thursday after June's inflation print came in cooler than expected , reducing the likelihood of more aggressive interest rate hikes from the Federal Reserve . The yield on the benchmark 10-year Treasury note slid 2 basis points to 3.8417% while the yield on the 2-year fell more than 5 basis points to 4.6872%, and the 5-year yield dropped more than 4 basis points to 4.0277%. At the longer end of the curve, the yield on the 30-year Treasury bond was fractionally higher at 3.9529%. The results could heavily influence the trajectory of the Fed's monetary policy decisions and signal the road ahead for inflation. Auctions will be held Thursday for $70 billion of 4-week Treasury bills and $60 billion of 8-week bills, along with $18 billion of 30-year bonds.

Persons: Steve Hanke, CNBC's Organizations: Treasury, Federal Reserve Locations: United States

☆ Two economic experts discuss the Fed's path forward following June's cooler-than-expected CPI print
▼ + stars: | 2023-07-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo economic experts discuss the Fed's path forward following June's cooler-than-expected CPI printSarah House, Senior Economist at Wells Fargo, and Tomas Philipson, Former Acting CEA Chairman, discuss what's next to the Federal Reserve following cooler-than-expected June inflation data.

Persons: Sarah, Tomas Philipson Organizations: Federal Locations: Wells Fargo

☆ 3 health-care stocks are in the headlines. How the news impacts our investments
▼ + stars: | 2023-07-13 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

In April, alongside its first-quarter results, J & J raised its full-year sales guidance by about $1 billion and its earnings-per-share outlook by 15 cents. Clearing this overhang would help reduce the discount at which J & J shares to pharmaceutical peers, the firm said. The Club's take: JPMorgan's thinking on J & J aligns quite closely with our own. The dark cloud of talc lawsuits continues to keep a lid on J & J's stock price. Joaquin Duato, chief executive officer of Johnson & Johnson, at the company's headquarters in New Brunswick, New Jersey, U.S., on Thursday, April 21, 2022.

Persons: Johnson, Eli Lilly, J, Wells, Wells Fargo, Eli Lilly's, —, Eisai, Biogen, Bloomberg, we've, Jim Cramer's, Jim Cramer, Jim, Joaquin Duato, Amir Hamia Organizations: Johnson, JPMorgan, pharma, U.S ., Humana, UnitedHealth, Bloomberg, U.S, Mayo Clinic, Club, GE Healthcare, CNBC, Getty, & $ Locations: U.S, California, Wells Fargo, Rochester , Minnesota, New Brunswick , New Jersey

☆ Secret Services ends White House cocaine investigation with no leads
▼ + stars: | 2023-07-13 | by ( Kelly O'Donnell | Rebecca Shabad | ) www.cnbc.com time to read: +6 min

The Secret Service investigation has concluded with no usable forensic or video evidence to identify the individual responsible, three Secret Service officials familiar with the investigation tell NBC News. The Secret Service received results Wednesday from tests conducted by the FBI, "which did not develop latent fingerprints and insufficient DNA was present for investigative comparisons," according to an official statement from the Secret Service released Thursday. "The presence of illegal drugs in the White House is unacceptable and a shameful moment in the White House's history." White House officials noted the Biden family was not at the White House when the cocaine was discovered; the president and his family had left for Camp David for the holiday weekend Friday and did not return to the White House until Tuesday, July 4th, after the cocaine had been discovered. The individuals were notified they could not bring the marijuana to the White House campus, the officials said.

Persons: Biden, Jake Sullivan, Karine Jean, Pierre, Jean, James Comer, Kimberly Cheatle, Comer, Camp David, Pierre said, it's Organizations: Service Police, Lafayette, Service, NBC, White, FBI, NBC News, Homeland, Capitol, West, Wing, West Wing, District of Columbia Fire Department, Department of Homeland, Camp, Secret Services, Washington , D.C, White House Locations: Washington ,, Ky, Fort Detrick , Maryland

☆ Greene: Lean more towards selling the dip than buying the rip on the Nasdaq
▼ + stars: | 2023-07-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreene: Lean more towards selling the dip than buying the rip on the NasdaqVictoria Greene, Founding Partner and CIO of G Squared Private Wealth, discusses the trading day ahead following yesterday's CPI print.

Persons: Greene, Lean Organizations: Nasdaq Victoria Greene, G, Wealth, CPI

☆ Asia markets largely higher ahead of India and U.S. inflation data
▼ + stars: | 2023-07-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Beautiful and colorful aerial view of Mumbai skyline during twilight seen from Currey Road, on February 16, 2022 in Mumbai, India. Asia-Pacific markets were mostly higher ahead of key inflation data out of India and the U.S on Wednesday. Economists expect the U.S. inflation rate for June to fall slightly to 5%, down from 5.3% in May, based on a Reuters poll. The inflation print, along with producer prices data on Thursday, will give clues to the Federal Reserve's path for rate hikes. However, South Korea's Kospi bucked the trend and opened 0.13% lower, while the Kosdaq saw a smaller loss of 0.07% as the country saw its unemployment rate climb slightly to 2.6% in June.

Persons: Hong Organizations: U.S, Wednesday, Nikkei Locations: Mumbai, India, Asia, Pacific, Japan

☆ This industrial stock is getting a trim as stocks rally on weaker inflation data
▼ + stars: | 2023-07-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

We are selling 60 shares of Honeywell (HON) at roughly $208.97. Following the trade, Jim Cramer's Charitable Trust will own 455 shares of HON, decreasing its weighting in the portfolio to 3.35% from 3.77%. We are making a small trim of our Honeywell (HON) position into Wednesday's rally, bringing our cash position up to roughly 10%. We are therefore downgrading our rating on HON shares to a 2. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim Cramer, Jim, Alwyn Scott Organizations: Honeywell, Reserve, CNBC, Honeywell Aerospace Locations: Phoenix

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☆ Stock futures tick up after S&P 500 notches highest close since April 2022: Live updates
▼ + stars: | 2023-07-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 12, 2023. Stock futures inched higher in overnight trading after the S&P 500 closed at its highest level in over a year. Futures tied to the S&P 500 rose 0.1%, while Nasdaq 100 futures added nearly 0.2%. The S&P 500 and Nasdaq Composite jumped 0.74% and 1.15%, respectively, to hit their highest closing levels since April 2022. The early innings of second-quarter earnings season continues Thursday with results from PepsiCo , Delta Air Lines and Fastenal before the bell.

Persons: Bob Iger's, Stocks, Fundstrat's Tom Lee, CNBC's Organizations: New York Stock Exchange, Stock, Disney, Nasdaq, Dow Jones Industrial, Federal, Dow Jones, PepsiCo, Delta Air Lines Locations: New York City, U.S

☆ How to win the lottery, according to a Romanian-born mathematician who hacked the system, won 14 times, and retired on a remote tropical island
▼ + stars: | 2023-07-12 | by ( Rachel Premack | Azmi Haroun | Senior Features Reporter | ) www.businessinsider.com time to read: +3 min

You might want to know how to win the lottery — especially as the Powerball jackpot jumps to a $750 million payout. Stefan Mandel, a Romanian-Australian economist, developed a formula that's allowed him to win the lottery 14 times. You're four times as likely to be struck by lightning than to win the lottery. Those odds apparently don't apply to Stefan Mandel, a Romanian-Australian economist who's won the lottery 14 times, The Hustle reported in a feature story about the mathematician. You can no longer buy lottery tickets in bulk and print your tickets at home — two key parts of Mandel's formula.

Persons: Stefan Mandel, It's, who's, Mandel's, Robert Pagliarini, Pagliarini, Mandel Locations: Romanian, Australian, Romania, Israel, Australia, Vanuatu, South Pacific

☆ NASA's James Webb telescope spotted two stars crashing into each other so violently it could have created gold in space
▼ + stars: | 2023-07-11 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

The James Webb Space Telescope picked up the blast from two neutron stars colliding. The blast, called a kilonova, created the perfect conditions to make space gold and platinum. The death of two neutron starsAn artist's impressino of a kilonova NASA's Goddard Space Flight Center/CI LabA kilonova happens when two neutron stars — collapsed supermassive stars — gravitate around one another and eventually crash. This particular blast, called GRB 230307A, was first detected by NASA's Fermi Gamma-ray Space Telescope on March 7, 2023, per Space.com. These only arise in very limited circumstances, like when two neutron stars collide.

Persons: James Webb, JWST, Fermi, Gold, Uli Deck, Andrew Levan Organizations: James Webb Space Telescope, Service, James Webb Space, Space Flight, Getty, Radboud University Locations: Wall, Silicon, Netherlands

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☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Nio, Tesla, Netflix, JPMorgan, Amazon & more
▼ + stars: | 2023-07-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Tuesday's biggest calls on Wall Street: Morgan Stanley reiterates Nio as overweight Morgan Stanley said it thinks the electric vehicle company's stock will begin to gain traction. Morgan Stanley reiterates Microsoft as overweight Morgan Stanley reiterated Microsoft as a top pick and said it has "compelling positioning." Baird reiterates Tesla as outperform Baird said it's bullish on the company's supercharger opportunity. Cowen reiterates Netflix as outperform Cowen said it's standing by its outperform rating on the stock heading into earnings next week. Truist upgrades Scotts Miracle-Gro to buy from hold Truist said in its upgrade of Scotts that the pandemic hangover is finished.

Persons: Morgan Stanley, Nio, KeyBanc, –, Baird, Tesla, it's bullish, Cowen, it's, Piper Sandler, Piper, Wells, Uber, Evercore, Netflix Evercore, Argus, Generac, Canaccord, Canacccord, Newell, Wolfe, Jefferies, TOST, JPM, Goldman Sachs, Goldman, TD Cowen, Truist Organizations: Microsoft, CIO Survey, Netflix, TikTok, IG, Mobile, UBS, Commercial Metals, Commercial Metals Company, Amazon, Industrial, Newell Brands, destocking, Citi, Hewlett Packard Citi, HP Inc, Apple, Jefferies, JPMorgan, Bank of America, underperform Bank of America, Bancorp, of America, US Bancorp, JetBlue, Alliance, . Carriers, Target, Scotts Miracle, Gro, " Bank of America, American Express Locations: Wells Fargo, Underperform, Scotts

☆ This core stock position gets a trim and a new rating after a fantastic run
▼ + stars: | 2023-07-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

We are selling 30 shares of Caterpillar (CAT) at roughly $247.72. Following the trade, Jim Cramer's Charitable Trust will own 340 shares of CAT, decreasing its weighting in the portfolio to 3% from 3.27%. Industrials are the top-performing sector in the market Monday, and we are jumping on that strength to let go of a little bit of Caterpillar (CAT) shares after a great run. Monday's sale is what we call "trimming around a core position." Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim Cramer, Jim Organizations: Caterpillar, CAT, CNBC, Fortescue Metals Group, Western Australia Bloomberg, Bloomberg, Getty Locations: Pilbara, Western Australia

☆ 10-year Treasury yield rises as investors look to Fed speaker comments, key economic data
▼ + stars: | 2023-07-10 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield, meanwhile, was last trading around 1 basis point lower at 4.923%. The yield on the 10-year Treasury rose Monday as investors awaited the latest comments from U.S. Federal Reserve officials and key inflation data due this week. Various Fed speakers are due to make remarks this week which investors will be scanning for fresh hints about the outlook for interest rates. Cleveland Fed President Loretta Mester and San Francisco Fed President Mary Daly are among those expected to speak about the economic and monetary policy outlook on Monday. Several key economic reports that could in inform the Fed's next policy decisions are also expected this week, including June's consumer price index print on Wednesday.

Persons: Loretta Mester, Mary Daly Organizations: Treasury, U.S . Federal Reserve, Cleveland Fed, San Francisco Fed, Labor Department, Fed Locations: U.S

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