Treasury doubles debt buybacks as Bessent moves to steady bond market
The announcement targets the sensitive longer-duration part of the Treasury market.

The announcement targets the sensitive longer-duration part of the Treasury market.
The combination regimen significantly extended the time patients lived without their melanoma returning, compared with Keytruda alone.
Nvidia is trying to connect GPU customers with Nordic data-center operators as cheap power and available land fuel the region’s AI infrastructure boom.
The scrutiny raised questions about what could happen to Walter's Carvana position if fallout from the investigation pressures him to raise cash.
Cantor Fitzgerald will be one of the first investment firms providing its clients institutional trading on prediction market platform Kalshi.
Washington and Tehran are considering next steps after negotiations fell apart, while the UAE has suspended trade with Iran.
Target posted better-than-expected fiscal second-quarter sales and raised its full-year outlook.
Trump has already imposed a variety of tariffs on Canada and its specific exports, including metals, lumber and auto parts.
Lowe's reported mixed quarterly results as the retailer said it continued to see pressure in home improvement spending.
Amazon has quietly expanded its drone service to more metro areas in recent months after receiving a key regulatory greenlight enabling longer-range deliveries.
Shares of Spain's Deoleo jumped on Wednesday morning amid an intensifying takeover battle for the world's largest olive oil bottler and marketer.
Former Ukraine Defense Minister Mykhailo Fedorov has called for wartime elections, saying Kyiv must restore its democratic process despite the ongoing war.
Goldman Sachs found that AI is starting to weigh on employment across developed economies.
Dealership gross profits have fallen from the supply-constrained days of 2022. They are relying more heavily on the income streams that hedge against downturns.
Fixed income market watchers ascribe a run that began in June to a number of variables.
Chinese AI firms have reportedly accessed advanced Nvidia computing power overseas, testing U.S. export controls. Lawmakers weigh closing the cloud-access gap.
Currency strategists flag Treasury risk, softer U.S. data and uncertain Fed policy as key factors that could pressure the dollar.
Moderna is soaring after promising results for its cancer vaccine. Plus, Target may be victim to profit-taking.
Unitree Robotics shares rise 542% on their first day of trading in Shanghai
Mortgage rates were unchanged last week, as was mortgage demand, and total volume remains lower than year-ago levels.
Mom-and-Pop investors remain bullish on AI and tech, but some are adding downside protection.
Long-term government bond yields have risen sharply in recent days. Higher bond yields push consumer borrowing costs up, sometimes immediately.
CNBC’s Jim Cramer said widespread pessimism over rising rates, oil prices and inflation is pushing stocks lower and creating attractive buying opportunities.
Following opening arguments in the case against Meta, California Attorney General Bonta said the trial is not about extracting a massive payout.