• Reuters

    Bond yields climb, stocks under pressure as Fed cut doubts resurface

    U.S. Treasury yields pushed to a near four-week peak on Wednesday, lifting their Asia-Pacific counterparts and the dollar while pressuring equities, as data sowed new doubts about the timing and extent of Federal Reserve rate cuts. Benchmark U.S. 10-year yields ticked as high as 4.556% in Tokyo trading hours, a level not seen since May 3, following poorly received two- and five-year Treasury auctions overnight. Investors were also caught off-guard by a sharp improvement in a U.S. consumer confidence measure for May. Economists had predicted a fourth straight month of weaker confidence, particularly after a tepid reading for the University of Michigan's analogous survey result from Friday.

  • Investor's Business Daily

    Dow Jones Futures Fall After Surging Nvidia Masks Market Weakness; Cava Slides Late

    While Nvidia continued to drive the Nasdaq higher, the Dow undercut support. Hot IPO Cava fell late on earnings.

  • The Canadian Press

    Prosecutor says Trump tried 'to hoodwink voters' while defense attacks key witness in last arguments

    NEW YORK (AP) — Donald Trump engaged in a conspiracy “to hoodwink voters” in 2016, a prosecutor told jurors Tuesday during closing arguments in the former president’s hush money trial, while a defense lawyer branded the star witness as the “greatest liar of all time” and pressed the panel for an across-the-board acquittal.