Car launches are 10-a-penny so it’s very rare that a particular model’s demise captures the world’s attention. The Volkswagen Beetle, the last of which rolled off the production line in Mexico this week, was no ordinary vehicle though. The downfall of the “People’s Car,” an icon of post-war German prosperity as well as the 1960s counterculture, is all the more ...

Day two of Federal Reserve Chairman Jerome Powell’s congressional testimony was much like the first. He reiterated that the economy is “in a very good place,” but that the central bank has room to lower interest rates to keep the expansion on track. As dovish as that may sound, the comments didn’t offer much comfort to bond traders – they ...

Bloomberg Treasuries climbed at the start of a busy week for economic data and Federal Reserve speakers. Stocks were mixed as traders assessed corporate earnings. After last week’s jump in yields, long-term Treasuries outperformed their shorter-tenor peers as investors bought bonds at cheaper prices. The S&P 500 Index fluctuated as banks fell after Citigroup Inc’s results, while Broadcom Inc rallied ...