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Wall Street slumped under the weight of pressure from the bond market, where Treasury yields climbed on worries about the U.S. government’s spiraling debt and other concerns. NEW YORK (AP) — Wall Street slumped under the weight of pressure from the bond market, where Treasury yields climbed on worries about the U.S. government’s spiraling debt and other concerns. The S&P 500 fell 1.6% Wednesday. The Dow Jones Industrial Average dropped 1.9%, and the Nasdaq composite sank 1.4%. Stocks had been drifting only modestly lower earlier in the day, after Target...

Canada Pension Plan Investments has dropped a net-zero by 2050 target for carbon emissions, according to an annual report released on Wednesday, following several Canadian financial institutions that have backtracked on climate commitments.CPP Investments noted that there have been recent legal developments in Canada that have introduced new considerations around how net-zero commitments are interpreted.Recent changes to Canada's Competition Act require companies to be able to substantiate environmental claims they make.John Graham, chief executive of CPP Investments, said the fund continues to believe in the need to incorporate sustainability in how it manages its portfolio."We...

The government regularly sells such bonds, which is how it borrows money to pay its bills. In this auction, the U.S. government had to pay a yield as high as 5.047% to attract enough buyers to lend it a total of $16 billion over 20 years.That helped push up yields for all kinds of other Treasurys, including the more widely followed 10-year Treasury. Its yield climbed to 4.59% from 4.48% late Tuesday and from just 4.01% early last month. That’s a notable move in the bond market.“Bonds finally appear to...

Raleigh's city officials have rolled out a proposed $1.78 billion budget for the fiscal year 2026 that appears to avoid tax increases while focusing on the City’s workforce and strategic investments. Notably, City Manager Marchell Adams-David has put forth this budget recommendation, keeping the property tax rate stagnant at 35.50 cents per $100 valuation. According to details released by City of Raleigh officials, the operating budget for the General Fund is pegged at $657.1 million. The FY26 budget does not shy away from investments, earmarking substantial funds to a classification...

Nvidia is considering an investment in Australian quantum computing company PsiQuantum, per a report in The Information.PsiQuantum is in the process of raising $750 million, and if Nvidia were to invest, it would mark the first time the chipmaker has backed a company building physical quantum computers.The potential investment comes less than six months after Nvidia CEO Jensen Huang told CES attendees that “very useful” quantum computers may take 15-30 years to become a reality, causing the stock prices of quantum computing companies to decline.He later backtracked on those comments,...

Dave Williams  |  Capitol Beat News ServiceReal estate investor headed to prison in Atlanta fraud schemeBy Dave WilliamsBureau ChiefCapitol Beat News ServiceATLANTA - The head of a commercial real estate investment firm has been sentenced to 87 months in prison and ordered to pay $45 million in restitution in a fraud scheme involving the Atlanta Financial Center in Buckhead.Elchonon (Elie) Schwartz, 46, of New York City pleaded guilty in February to one count of wire fraud. Schwartz convinced more than 800 investors to send him $62.8 million, including $54 million...

The Chanel store on Avenue de la Toison d'Or in Brussels, Belgium, December 26, 2024. HATIM KAGHAT / AFP Chanel needs new blood. The company's 2024 annual results – which closed at the end of December and were released on Tuesday, May 10 – made that clear. The haute couture house, founded in 1910, saw its revenue tumble by 4.3% to €17.9 billion. "Following a period of exponential growth, in 2024 we saw challenging macroeconomic conditions," Chanel CEO Leena Nair told Le Monde. Sales had soared by 16% in 2023,...

It can be taxing trying to keep up with all of the latest developments regarding the imposition of tariffs. From the discussion of tariffs in January after President Donald Trump's inauguration to the April announcement regarding their imposition to recent news that tariffs on goods from China would be reduced, it's been a dizzying few months. But one place where some are turning to maintain their maintain their equilibrium, some are turning to companies committed to manufacturing in America -- visionary companies like Archer Aviation (ACHR -0.88%), First Solar (FSLR...

In this episode of The Smart Property Investment Show, host Liam Garman sits down with Sam Gordon from Australian Property Scout and the School of Property to discuss property investment strategies and common mistakes. The duo starts by discussing Sam’s 15 years of experience in property investment, which has helped him shape different strategies, showing that resilience is essential, as the path to success includes challenges and setbacks. While the duo agrees that the best time to invest may have been years ago, the next best time is now. You’re...

00:00 Speaker A Financial services company Empower, which oversees $1.8 trillion in 401k type plans for 19 million people, is offering something new for your retirement accounts: private markets investments. The firm announcing assets like private credit and real estate will be available in some of the accounts it administers later this year. So what does this mean for the larger 401k landscape, and do you want alternative assets in your retirement account? Here to react is Bob Powell, editor and publisher of Retirement Daily, and host of Yahoo Finance's...