Bloomberg Markets
Peter Tchir, head of macro strategy at Academy Securities, calls the US Treasury Department’s move to increase its planned purchases of outstanding 10-year to 30-year debt “kind of mediocre” and says the Federal Reserve needs to talk about cutting rates and take hikes off the table. (Source: Bloomberg)
Yahoo Finance
Bloomberg Markets
ExxonMobil Holdings Corp. has told Kazakhstan that the nation’s top oil field is already on the cusp of peak output and that its production will slump sharply in the coming decade.
Yahoo Finance
Yahoo Finance
Yahoo Finance
Yahoo Finance
Bloomberg Markets
China is rapidly catching up to the US in the AI race, especially on price.
But how do Chinese models compare in quality? We put seven models to the test by asking each to build a website for a coffee shop. (Source: Bloomberg)
Yahoo Finance
Bloomberg Markets
CapitaLand Investment Ltd. and Malaysian developer IOI Properties Group Bhd. are nearing a deal to buy an iconic office development in Singapore’s commercial center, according to people familiar with the matter.
Bloomberg Markets
Currencies, gold and Bitcoin prices all reacted to Bessent’s bond buyback gambit.
MarketWatch
Gold is the reciprocal of the dollar and consensus among strategists is that Bessent’s yield curve control will have a detrimental impact on the U.S. currency
Financial Times
Term premium trouble
MarketWatch
“Grandma feels that she was pressured by my mother into taking out a $50,000 HELOC.”