Recessions and depressions
10-year Treasury yields will break out of slump in weeks: Wells Fargo
The 10-year Treasury Note yield may be on the verge of breaking out of its slump. After stabilizing over the past several weeks, Wells Fargo Securities’ Michael Schumacher predicts the current risk backdrop will re-energize yields in the coming weeks. He lists the Federal Reserve’s high level of comfortableness surrounding rising inflation, the massive amount …
Asian shares mixed after technology fall leads US stock fall | National
TOKYO (AP) — Asian shares were mixed Friday following a selloff of technology shares on Wall Street. “Big tech stocks might have seemed like safe havens, but they have found themselves at the center of a brutal sell-off,” said Stephen Innes, chief global market strategist at AxiCorp. Japan’s benchmark Nikkei 225 recouped early losses to …
Record rebound may soon hit a breaking point, PNC’s Amanda Agati warns
PNC Financial’s Amanda Agati is on alert. With the major indexes on the cusp of their second positive month in a row, the firm’s chief investment strategist believes stocks are getting too expensive, and the historic rebound may soon hit a breaking point. “The market is getting pretty far ahead of itself,” she told CNBC’s …
IRS issues May 13 deadline to enter direct deposit for stimulus checks
There’s no better time to think about next year’s taxes than right after you file this year. Jayme Thornton | Tooga Productions | Getty Images There’s still time to submit your bank account information to the IRS to get your $1,200 stimulus payment more quickly. But that window is closing, the IRS said on Friday. …
