Wall Street falls with US Treasury yields above 3% - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Among its biggest drags, shares of Intel Corp slid 5.3% after Citi cut its estimates on the chip-maker for the second time in a week.

“That level is what people are focused on because it represents an increase in interest rates and a reflection of inflation and market volatility.” The US Federal Reserve is expected to raise rates by 50 basis points at each of its June and July meetings, with a similar move also likely in September, in an effort to combat inflation.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Expand grid, address Eskom solvency to unlock private investment, says US Treasury rep | Fin24International partners of the $8.5 billion COP26 pledge to support South Africa's transition to a low carbon economy highlight the need for further private investment.
La source: Fin24 - 🏆 21. / 63 Lire la suite »

Business Maverick: US Treasury Prohibits Investors From Buying Russian DebtThe US Treasury stepped up financial sanctions on Russia by restricting investors from buying the country’s debt in the secondary market, bringing trading activity almost to a halt on Tuesday as investors scrambled to understand the new restrictions.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »