Bloomberg Think the selloff in technology stocks has been bad? If US Treasury yields keep rising, it’s probably going to get worse. That’s the widespread thinking on Wall Street as the surge in yields batters growth stocks that have been trading at lofty levels. That’s helped fuel a 2.9% drop in the Nasdaq 100 Stock Index on Tuesday, led by ...

Bloomberg Gold edged up from the lowest in almost seven weeks as Treasury yields eased following dovish commentary from Federal Reserve Chair Jerome Powell. The benchmark 10-year US yield declined after touching the highest since June on Tuesday, boosting appeal of non-interest bearing bullion. The dollar steadied at near the highest since November. During a Senate Banking Committee hearing, Powell ...

Bloomberg Opec sees oil demand continuing to grow to the middle of next decade, even as world leaders prepare for another attempt to avert catastrophic climate change. Global fuel consumption will fully recover from its pandemic slump by 2023, and will keep growing until it hits a plateau shortly after 2035, the Organization of Petroleum Exporting Countries (Opec) said in ...