News

Exxon Mobil is in talks with Venezuela to acquire the country’s oil production rights.

IBM (IBM.N) rose more than 11% as the company received financial support from the Trump administration.

Cuban Foreign Minister: U.S. Secretary of State Rubio knows that unilateral coercive measures are the main obstacle to Cuba's economic development.

Cuban Foreign Minister: The United States is inspiring popular despair and economic collapse.

Cuban Foreign Minister: U.S. Secretary of State Rubio lied again to incite military confrontation.

Fed's Barkin: Bond yields are still within a reasonable range.

Fed's Barkin: It's difficult to draw conclusions about the short-term and long-term effects of artificial intelligence.

Fed's Barkin: I don't think today is the time to provide strong forward guidance.

Fed's Barkin: Not inclined to pay too much attention to inflation or employment risks.

Fed Barkin: Judging from the inflation expectations reflected in the long-term bond market, there are currently no signs of getting out of control.

Fed's Barkin: Employers outside the software industry have not yet reduced headcount due to artificial intelligence.

Fed's Barkin: Nervous about two-way risks to Fed's mission.

Fed's Barkin: Encouraged by recent job growth, but it's not difficult to imagine the job losses that artificial intelligence may cause.

U.S. stock indexes turned higher; the S&P 500 rose 0.13%, the Nasdaq rose 0.12%, and the Dow rose 0.33%.

The U.S. Treasury Department: imposed sanctions on nine individuals in Lebanon for hindering Lebanon's peace process and preventing Hezbollah from disarming.

The U.S. Treasury Department auctioned $19 billion of 10-year Treasury Inflation-Protected Securities (TIPS), with a bid interest rate of 2.169% and a bid multiple of 2.52.

Fed's Barkin: Before tariffs and rising oil prices, the Fed was "mostly on track" to achieve its inflation target.

Fed's Barkin: I don't believe the net impact of artificial intelligence on employment will be negative, but the transition period may be difficult.

Fed's Barkin: Even if the Strait of Hormuz reopens, it could take months for gas prices to fall.

Fed's Barkin: The persistence of inflationary shocks may challenge the textbook "ignore" approach.