Biden Keeps the Billions Flowing to Iran

Updated Nov. 10, 2023 6:50 pm ET You’d think the Biden Administration would have realized by now that enriching the Iranian regime is a dangerous mistake. You’d be wrong. Relaxed U.S. enforcement of oil sanctions continued through October, refilling Supreme Leader Ali Khamenei’s coffers even after the Oct. 7 slaughter and the more than 40 … Read more

Hack at ICBC Targeted the Digital Underbelly of Financial Markets

Unit of Industrial and Commercial Bank of China remains unplugged for U.S. markets.

Stocks Snap Winning Streak After Powell Warns Inflation Victory Not Assured

The S&P 500’s shot at its longest winning streak since 2004 appeared within grasp for much of Thursday’s trading session. Then Federal Reserve Chair Jerome Powell and the Treasury market crashed the party. Major indexes fluttered between small gains and losses in quiet trading through the early afternoon. They turned firmly into the red after … Read more

Coloradans Turn Down a Tax Grab

Republicans had little to cheer on Tuesday (see nearby), but one electoral silver lining came in a Democratic-controlled state. Coloradans delivered a victory for limited government by rejecting Gov. Jared Polis’s deceptive tax grab. Voters delivered a clear verdict on Proposition HH, a ballot measure that would have raised the caps on what the statehouse … Read more

Markets Got an Unexpected Boost From Washington. Will It Mark a Turning Point?

The Treasury Department handed investors a happy surprise last week. Now the question is how far they can run with it. Stocks and bonds both staged rallies last week, getting a boost when the Treasury increased the size of longer-term debt auctions by a smaller amount than many had expected. Copyright ©2023 Dow Jones & … Read more

Why Trump’s Drastic Plan to Slash the Government Could Succeed

WASHINGTON—For decades, conservatives have tried—and largely failed—to fundamentally reshape the federal government. If Donald Trump retakes the White House, they might succeed. In campaign speeches and statements, the former president has promised to eliminate the independence of key federal agencies, reduce protections for civil servants, deny citizenship to tens of thousands of people born in … Read more

Bond Rout Drives 10-Year Treasury Yield to 5%

Listen to article (2 minutes) A deepening selloff in the U.S. bond market drove the yield on the 10-year U.S. Treasury note to 5% for the first time in 16 years, marking a milestone that has rattled stocks, lifted mortgage rates and fueled persistent fears of an economic slowdown.  A critical driver of U.S. borrowing … Read more

Evergrande Investors Warn of 'Uncontrollable Collapse'

Evergrande’s 11th-hour cancellation of a $19 billion debt restructuring could lead to a messy collapse and have “a catastrophic effect” on other troubled companies in the sector, its bond investors said.  Source link

The Stunning Boom and Bust of a Tax-Refund King

One of the biggest processors of a pandemic tax break has slashed staff and stopped marketing after an IRS crackdown. Source link

The steep declines in prices of Treasurys are forcing markets to confront the possibility that the rates required to place the supply of bonds will be higher than anyone expected.

The steep declines in prices of Treasurys are forcing markets to confront the possibility that the rates required to place the supply of bonds will be higher than anyone expected. Source link