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Treasury Revamps Debt-Sale Guidance, Holds Auctions Steady

4 days 7 hours ago
The US Treasury revamped the guidance on sales of notes and bonds it has used since early 2024, with new language in the so-called quarterly refunding announcement that may open the door to cuts in the issuance of the longest-dated debt in 2027. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)

US midterms voters said: enough is enough. Is this the beginning of the end for Trump?

4 days 7 hours ago

With Democrats in power, Trump may be under siege and lose his dominance over the Republican party – but his id will relish the prospect of fighting

Donald Trump posted a document on social media this summer by a supposed historian that compared him with, among others, Napoleon Bonaparte and Adolf Hitler. That now seems fitting: the US president has himself fought one battle too many, and appears to have brought about his own destruction.

Tuesday’s US midterm elections were a thumping, shellacking and extinction-level event rolled into one. Ruby-red Republican strongholds once deemed safe toppled like dominoes. Democrats won Senate seats for the first time in Kansas since 1932, in Texas since 1988 and in South Carolina since 1998.

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Stocks Finished Mostly Higher on Chipmaker Strength

4 days 7 hours ago
The S&P 500 Index ($SPX ) (SPY ) closed up +0.36% on Tuesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.68%. December E-mini S&P futures (ESZ26 ) rose +0.36%, and December E-mini Nasdaq futures...

Stocks Finished Mostly Higher on Chipmaker Strength

4 days 7 hours ago
The S&P 500 Index ($SPX ) (SPY ) closed up +0.36% on Tuesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.68%. December E-mini S&P futures (ESZ26 ) rose +0.36%, and December E-mini Nasdaq futures...