Dow Rises as Congress Averts Shutdown, But Stimulus Hangs in Balance

Treasury Secretary Steven Mnuchin

The Dow Jones Industrial Average rose by as much as 176 points Wednesday. The House passed a short-term spending bill late Tuesday that avoids a government shutdown after Sept. 30. Progress on a new stimulus bill has stalled despite Treasury Secretary Steven Mnuchin reiterating support for further coronavirus relief. The Dow advanced Wednesday, while the … Read more

Dow Blasts Higher After Mnuchin Owns the Blame for China Snub

dow jones industrial average

The Dow blasted higher on Tuesday after Treasury Secretary Steven Mnuchin sent Wall Street a save the date for the next round of US-China trade talks and owned the blame for China’s apparent snub of US farmers during a preliminary visit last week. Dow Reclaims 27,000; S&P 500, Nasdaq Rise All of Wall Street’s major … Read more

The Alarming Reasons Why U.S. Treasury Yields Can’t Go Much Higher

Trader works on the floor of the New York Stock Exchange

U.S. government debt yields rose on Monday, extending their recent string of gains after Treasury Secretary Steven Mnuchin provided a sense of optimism toward upcoming China trade talks. Despite the rally, investors shouldn’t get too excited about a sustained rise in bond yields given the current state of play in global finance. Treasury Yields Extend … Read more

Dow Rebounds After Mnuchin, Lighthizer Conclude ‘Frank’ Shanghai Talks

dow advances after mnuchin and lighthizer conclude shanghai negotiations

The Dow scored a crucial rebound on Wednesday after US negotiators led by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin secured key concessions from China, which apparently brushed off President Trump’s brazen attacks. Dow Grinds Higher; Nasdaq, S&P 500 Mount Tepid Gains All three primary US stock market indices rose during the morning … Read more

Treasury Secretary Supports DOJ’s Decision to Probe Amazon’s Monopoly

mnuchin, amazon

Treasury Secretary Steven Mnuchin concurred with the DOJ that anti-competitive practices at the big tech companies warrant an antitrust investigation — an idea first proffered by Walmart. In an interview on CNBC, Steven Mnuchin said that while there have been many benefits to Amazon, the company has also destroyed the American retail industry, thereby limiting … Read more