Just the hint the Federal Reserve would end debt purchases that have supported bond prices sent Treasury yields soaring last month to the highest since April, a reaction that is unwarranted if money markets are a guide.
Plunging yields on fixed-income debt are forcing some investors to “reach well beyond their normal investment ‘comfort zone,’” by taking on more credit risk or buying longer-duration debt, according to Wells Fargo & Co.
Seattle’s chief technology officer, Bill Schrier, is bracing for a 6 percent budget cut in 2012, bigger than this year’s, a sign of tighter spending that indicates slower sales gains for Microsoft Corp. and Intel Corp.
A lawmaker seeking to curb smuggling of bottles and cans into California for cash redemption is invoking Newman and Kramer from the “Seinfeld” television show -- and a scam they hatch that leads to a car chase and a damaged mail truck.
Tropical Storm Washi, the most- devastating cyclone to hit the Philippines this year, killed at least 652 people, according to the Red Cross. With hundreds still unaccounted for, the death toll is likely to rise.
Two years after the bankruptcy of Lehman Brothers Holdings Inc. caused credit markets to freeze, investors are embracing bonds backed by loans to consumers with weaker credit scores as yields approach all-time lows.
The Philippines is struggling to help about 429,000 people on the southern island of Mindanao after the country’s worst storm in three years as the first outbreaks of disease are reported and more rains forecast.
Global spending on information technology may grow at a 3 percent pace, faster than previously forecast, to $3.6 trillion this year as expenditures for public cloud services increase, Gartner Inc. said.