By Yoruk Bahceli and Sujata Rao (Reuters) -U.S. two-year Treasury yields rose above 10-year borrowing costs on Monday – the so-called curve inversion that often heralds economic recession – on expectations interest rates may rise faster and further than anticipated. Fears the U.S. Federal Reserve could opt for an even larger rate hike than anticipated this week to contain inflation sent two-year yields to their highest levels since 2007. But a view is also playing out that aggressive rate hikes… Source link
Read More »What The Rock’s arms and the S&P 500 all have in common: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, February 14, 2022 On Super Bowl Sunday, there was Dwayne “The Rock” Johnson getting the Super Bowl started on the right foot as only he could. Couple things stood out to me while The Great One was speaking: 1) He never trips up over his words on the mic, going back to his days with WWE. 2) Under Armour needs a bigger deal with The Rock (they… Source link
Read More »Alibaba Fires Manager As Sexual Assault Case Rocks China
(Bloomberg) — Alibaba Group Holding Ltd. has fired a manager accused of rape, moving to contain the fallout after an employee’s account of her ordeal went viral on social media and ignited fierce debate about rampant sexism across China’s tech industry. The Chinese internet giant didn’t identify the manager. Li Yonghe, appointed just last month to lead a newly created division overseeing much of Alibaba’s non-retail businesses from food delivery to travel, has resigned alongside his… Source link
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