ThemusicalG

Yields on U.S. Treasurys hovered near multi-year highs on Wednesday, as the global bond market experienced a sell-off amid concerns over energy prices keeping inflation elevated as well as government debt burdens.The yield on the benchmark 10-year Treasury note was around 4.8% in the early afternoon on Wednesday, slightly lower than the intraday high of 4.818% – which was the highest level since November 2023.Sovereign debt yields were elevated in […]

The Securities and Exchange Commission (SEC) is moving to give crypto companies a clearer path to raise capital in the United States as the agency seeks to bring crypto-asset investment and innovation back onshore while keeping activity under U.S. law.SEC Chairman Paul Atkins joined FOX Business' Cheryl Casone on "Mornings with Maria" to discuss the agency's new crypto proposal, its exemptions and the broader push to make the U.S. the […]

Uber is cutting roughly 10% of its workforce, or about 3,300 jobs, in an effort to streamline operations, the company announced on Wednesday.The ride-hailing giant's CEO, Dara Khosrowshahi, said in a memo to employees that the company is removing management layers, simplifying teams and refining where its teams are based."The changes we’re making today are designed to do two things: make Uber simpler and faster, and create more capacity to […]