The 10-year Treasury yield rose again on Friday, hovering near a seven-month high. The yield on the benchmark 10-year Treasury was 4 basis points higher at 4.626%. The 10-year rate hit a high of 4.641% in the previous session, hitting its highest level since May. The 2-year Treasury was fractionally lower at 4.318%. One basis point is equal … Read more
Treasury yields fluctuated on Tuesday in a holiday-shortened trading session ahead of the Christmas break. The yield on the 10-year Treasury turned flat at 4.594% after gaining 3 basis points to 4.613%, hitting its highest level since May 30. The benchmark rate climbed 6 basis points on Monday. The 2-year Treasury was also little changed at 4.341%, … Read more
Fast-food companies like Yum! Brands’ KFC and McDonald’s are getting back into chicken tenders as a way to attract consumers with a low-risk, high-reward bet on a familiar favorite. Nearly half of all fast-food restaurants served the chicken item as of the third quarter, up 5.7% from the same period in 2019, according to … Read more
Employees work at stations on the factory floor of Vanson Leathers, in their New Bedford factory, on Sept. 26. Lane Turner | Boston Globe | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter … Read more
Indian travelers spent $34.2 billion on outbound travel in 2023, according to the World Travel & Tourism Council. But the current level of Indian travel is “minuscule” compared with what’s to come, Alan Watts, Hilton’s Asia-Pacific president, told “Squawk Box Asia” Monday. “The story for India is before us,” he said. “India outbound will be … Read more
A worker grinds at a workshop of an equipment manufacturing company in Qingzhou Economic Development Zone, East China’s Shandong province, March 31, 2023. CFOTO | Future Publishing | Getty Images China’s manufacturing activity continued to expand among smaller manufacturers in November, signaling that the country’s recent stimulus efforts have already helped to lift certain sectors … Read more
Construction workers in Mumbai, India, on June 5, 2024. Bloomberg | Bloomberg | Getty Images India’s economy expanded by just 5.4% in its second fiscal quarter ending September, well below estimates by economists and close to a two-year low. The print follows 6.7% growth over the previous quarter and is the lowest reading since the last quarter … Read more
SEBASTIEN BOZON | AFP | Getty Images France’s government is hanging by a thread with the far-right National Rally party threatening to bring down Prime Minister Michel Barnier’s administration by the end of the year. National Rally’s figurehead Marine Le Pen suggested Monday that talks with Barnier, aimed at extracting concessions on a tax-hiking 2025 … Read more