WHO says omicron BA.4 and BA.5 subvariants have spread to over a dozen countries
Another omicron subvariant called BA.2.12.1 has been detected in 23 countries, including the U.S., according to WHO. U.S. News
Category: US News
Ford is selling 8 million shares of once high-flying EV maker Rivian, sources say
Ford Motor is selling 8 million of its Rivian Automotive shares as the insider lockup for the stock expires on Sunday, sources told CNBC’s David Faber. U.S. News
Disney executive Geoff Morrell, who helped craft response to ‘Don’t Say Gay’ law, leaves company after three months
Morrell helped Disney CEO Bob Chapek craft a response to Florida’s “Don’t Say Gay” legislation that has arguably backfired on the company. U.S. News
Treasury yields dip, with focus on Covid outbreak in China and fears of economic slowdown
U.S. Treasury yields dipped on Tuesday, with investor focus remaining on the Covid-19 outbreak in China and concerns over a global economic slowdown. U.S. News
5-year Treasury yield hits 3% following Powell’s comments on rate hikes
The 5-year Treasury yield hit 3% on Friday, after Fed Chair Jerome Powell hinted that a 50-basis-point rate hike could be in the cards in May. U.S. News
10-year Treasury yield rises to highest level in more than three years
The benchmark 10-year U.S. Treasury yield rose Monday to a level not seen in more than three years, as traders continued to assess rising inflation. U.S. News
Treasury yields slip amid hopes that inflation may be nearing its peak
U.S. Treasury yields ebbed on Thursday morning, as investors clung to hopes that inflation may be starting to peak. U.S. News
Elon Musk suggests people who subscribe to Twitter Blue should be able to pay with dogecoin
Elon Musk has suggested changes to Twitter Blue — including a price cut, banning ads, and the option to pay in dogecoin. U.S. News
Surging interest rates push mortgage demand down more than 40% from a year ago
Fast-rising mortgage rates are cutting demand for home loans drastically. U.S. News