The reason Britain gets a new Prime Minister almost every year is due to the bond vigilantes squelching their government spending proposals.
Health of the AI spending boom could also influence the U.S. credit outlook.
Much of the growth came from businesses outside their traditional consumer lending operations.
U.S. President Donald Trump ordered a pause in attacks on Iran over the weekend.
Attention shifted from earnings and revenue beats to the rising cost of AI capital spending, casting doubts about future free cash flow.
Despite climbing interest rates, mortgage market activity has been rebounding.
If the bill to end congressional stock trading passes the House, it would likely have an uphill climb in the Senate, where 60 votes are needed.
This is a good time to remind investors that the U.S. remains an economic oasis compared to the rest of the world.
Brent crude prices briefly climbed above $91 per barrel before retreating on renewed diplomatic hopes.
Google’s parent company Alphabet trails Apple and Nvidia with $4.2 trillion in market cap.
The sell-off in tech stocks came despite cooling inflation at both the retail and wholesale levels, which eased fears of an Federal Reserve interest rate hike.
‘Don’t be tempted to buy the dip yet,’ warns one market analyst.