by Sunil Sahil
Sunil Sahil
Japan’s 10-year bond yield reaches a decade-high on an increase in US yields
On Thursday, the benchmark 10-year government bond yield in Japan reached a 10-year high as a result of the rise in U.S. yields to 16-year highs. Following a stretch of lacklustre demand that marred the majority of the finance ministry’s auctions over the last month and a half, investors were also wary ahead of the … Read more
Today’s stock market news: Stocks oscillate as yields continue to rise and oil reaches new highs.
Following three days of sharp losses caused by worries about how interest rates continuing to rise will affect the US economy, stocks sawsawed on Wednesday, finishing neutral. While the Dow Jones Industrial Average (DJI) fell 0.2%, the S&P 500 (GSPC) ended slightly over the flatline. The heavily tech-focused Nasdaq Composite (IXIC) rose 0.2%. The market … Read more
In spite of limited tank levels at a US storage centre, oil rises to 2023 highs.
Following a drop in stocks to levels approaching operating minimums at the major US storage hub, oil futures reached a 2023 high on Wednesday. The price of West Texas Intermediate (CL=F) increased by more than 3% to settle at $93.68 a barrel as a result of a reduction in hub stockpiles to slightly under 22 … Read more
US Ambassador advocates for more ambitious ties and an amicable partnership
Speaking at the 20th Indo-U.S. Economic Summit hosted by the Indo-American Chamber of Commerce (IACC), U.S. Ambassador to India Eric Garcetti argues that bilateral relations between the US and India require a more ambitious strategy. The ambassador continues, “Both countries should work to develop a bilateral relationship that is free of conflict.” He spoke about … Read more
As investors consider high yields, US STOCKS-S&P 500 closes barely changed.
In a session marked by ups and downs, the S&P 500 ended little changed on Wednesday as investors debated whether to start looking for deals following a sell-off fuelled by high Treasury yields and concern about the future of interest rates. Investors kept a close eye on developments in Washington as disagreements among American politicians … Read more
The combined venture debt and equity financing round for d1g1t’s leading wealth management platform in the US is closed.
Today, d1g1t, the top institutional-grade wealth management platform for RIAs, multi-family offices, and financial advisors, announced the completion of a round of funding that included both debt and equity. In addition to current angel investors, top existing institutional investors CI Financial, NA Ventures, Illuminate Financial, Purpose, and National Bank of Canada’s NA Ventures participated in … Read more
UBS and Credit Suisse are subject to a wider US investigation on the sanctions against Russia.
Following news that the U.S. Department of Justice has intensified its investigation into potential compliance lapses that enabled Russian clients to circumvent sanctions, UBS shares slumped on Wednesday. When contacted by Reuters about the Bloomberg News report alleging that UBS and Credit Suisse, which was acquired by its larger rival UBS (UBSG.S) earlier this year, … Read more
In the Senate, a historic marijuana finance bill overcomes a major obstacle.
On Wednesday, the Senate advanced a new bill that would grant the marijuana business access to banking services. Last week, a bipartisan group of senators introduced the Secure and Fair Enforcement Regulation Banking Act. Banks and other financial institutions that provide services to state-permitted marijuana firms would be protected legally under the proposed legislation. By … Read more