2-year Treasury yield turns higher after Fed decision

Treasury yields were mixed after the Federal Reserve on Wednesday, as expected, lift its key interest rate by a quarter of a percentage point. Investors were awaiting remarks by Fed Chair Jerome Powell. What are yields doing? The yield on the policy-sensitive 2-year Treasury note TMUBMUSD02Y, 4.116% rose 2.5 basis points to 4.228%, erasing a … Read more

Facebook to allow Trump back on platform after 2-year ban

Facebook parent Meta Platforms Inc. META, -1.15% will restore former President Donald Trump’s Facebook and Instagram accounts after the social-media platform banned him in the wake of the Jan. 6 riot at the U.S. Capitol in 2021. The reinstatement of those accounts is set to happen “in the coming weeks,” Nick Clegg, Meta’s president of … Read more

Biden to tout his achievements at 2-year mark, while stocks show weakest midterm presidential performance in 20 years

President Joe Biden on Friday afternoon is slated to talk up his administration’s achievements as he marks two years in office, with a speech at the White House to a bipartisan group of mayors visiting Washington, D.C., for an annual meeting. He may avoid mentioning how the U.S. stock market has fared during his first … Read more