Zuckerberg, Bezos and Cook are About to Get Their Emails Raided by Congress – CCN.com

Silicon Valley’s biggest tech firms have been ordered by Congress to hand over sensitive documents as part of a widening investigation into alleged monopolistic practices. | Image: REUTERS/File Photo Leaders of Silicon Valley’s powerful elite have been ordered by Congress to hand over reams of documents including emails and financial statements as part of a […]

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Asian Stocks Post Huge Rally After U.S., China Exchange ‘Goodwill Gestures’ – CCN.com

Trade hopes fuel risk-on rally in Asian equities on Friday. | Image: Shutterstock Asian stocks advanced on Friday after an apparent thawing in U.S.-China trade tensions fueled investors’ appetite for riskier assets. In the process, the Chinese yuan stabilized at three-week highs against the U.S. dollar. Asian Market Update Markets across the Asia-Pacific region reported […]

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U.S. Treasury Yields Continue to Surge as Mnuchin Considers “Dangerous Temptation” – CCN.com

Steven Mnuchin’s Treasury Department is getting tempted to issue ultra-long bonds. | Source: Chip Somodevilla / Getty Images / AFP U.S. government debt yields rose on Thursday after core inflation exceeded analysts’ estimates, signaling that the economy is performing better than previously feared. The inflation report seemed to strike a delicate balance on Wall Street: […]

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U.S. Treasurys Won’t Protect You Against Recession, Analyst Warns – CCN.com

Bond yields have staged an impressive relief rally this month, but one analyst believes the recovery isn’t sustainable. | Source: Shutterstock. U.S. government bond yields extended their September rally on Wednesday, climbing to fresh monthly highs on better than expected data and Chinese trade optimism. Although bonds seem to be recovering, one analyst provided a sobering […]

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