Stocks Waver, While Bond Yields Edge Down
U.S. share benchmarks were little changed and government-bond prices clawed back some losses, as major banks and household names reported earnings.
Canada Inflation Reaches 30-Year High, Placing Spotlight on Central Bank
Canada's annual inflation rate edged upward in December to reach a three-decade high, a result that is bound to add pressure on the Bank of Canada to begin raising rates as early as next week.
Bonds Sometimes Don't Make Sense
Fixed-income markets in developed countries have moved more or less in lockstep since September, when investors started pricing in a hawkish turn among central bankers.
U.K. Inflation Hits 30-Year High, Prompting Expectations of Rise in Interest Rates
Consumer prices in the U.K. rose 5.4% in December compared with a year earlier, strengthening the case for further increases in the Bank of England's key interest rate as the country's economy emerges from the Omicron wave.
Good news for buyers? New-home construction activity increases, amid a surge in building permits
U.S. home builders face a growing backlog of construction projects they haven't started work on, which should continue to pump supply into the housing market in 2022.
Bitcoin Sags in 2022 Under Weight of Stock Selloff and Fed Policy
The crypto market fell alongside U.S. equities for the first two weeks of the year, with both markets struggling under the same dynamic.
German Benchmark Bond Yield Turns Positive for First Time Since 2019
The yield on 10-year German bonds rose after trading in negative territory for over 30 months.
Turkey Takes $5 Billion Lifeline From Old Rival U.A.E.
The United Arab Emirates and Turkey agreed to a currency swap equivalent to nearly $5 billion that provides Ankara with a badly-needed infusion of foreign funds.
Big Tech and Foes Spar Over Bill to Curb Market Power of Dominant Internet Platforms
Technology companies and their critics are ramping up lobbying efforts in Congress this week as a key Senate panel takes up legislation that seeks to blunt the market power of dominant tech platforms.
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