The spread between the yields of five-year and 30-year U.S. Treasuries turned negative for the first time since 2006 on Monday as investors price in an aggressive rate-hiking plan by the Federal Reserve as it attempts to bring inflation down from 40-year highs.
NEW YORK (Reuters) -Oil prices tumbled about 7% on Monday after China's financial hub of Shanghai launched a lockdown to curb a surge in COVID-19 infections, prompting renewed fears of demand destruction.
Bayer shareholder Union Investment on Monday came out in support of the drugmaker's chief executive serving out his full term after the CEO came under renewed pressure over the company's performance.
(Reuters) -U.S. new vehicle sales could fall to the lowest first-quarter volume in the past decade as chip shortages and the Ukraine crisis squeeze inventories and rising prices push less affluent buyers out of the market, research firm Cox Automotive said Monday.
NEW YORK (Reuters) -Oil prices tumbled nearly 6% on Monday after China's financial hub of Shanghai launched a lockdown to curb a surge in COVID-19 infections, prompting renewed fears of demand destruction.
U.S. trade officials on Monday said they will launch an investigation into whether to impose tariffs on solar energy equipment from four Southeast Asian nations, a blow to project developers that rely on cheap imports to keep their costs down.
U.S. new vehicle sales could fall in March and mark the weakest first-quarter volume in the past decade as chip shortages and the Ukraine crisis squeeze inventories, research firm Cox Automotive said.
China receives US equipment to make advanced chips despite new rules - report
China receives US equipment to make advanced chips despite new rules-report
U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
Google's expert in US antitrust trial defends billions paid to device makers
Post-strike Hollywood rushes to get film, TV sets humming
