Pimco Trims Underweight on Long US Bonds as Yields Top 5%
Pacific Investment Management Co.’s chief investment officer says long-term US Treasury yields above 5% are leading the firm to trim back its underweight position on the debt.
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A flash flood threat due to heavy rain covers the region through Wednesday.
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Retired U.S. Army Gen. Jack Keane on Monday said it was "inevitable" that President Trump could resume combat operations against Iran as the conflict inches closer to the seven-month mark. Fox Business host Larry Kudlow asked Keane if Trump could resume fresh strikes on Tehran and whether the president should "deliver a stern warning" to...
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President Trump told the United Nations General Assembly on Tuesday that artificial intelligence will be renamed “super intelligence” in all U.S. documents. “The United States also totally rejects any attempt to construct a globality scheme to control for the artificial intelligence being spoken of so much now, hereinafter called super intelligence. Changing the name,” Trump...