10-year Treasury yield briefly tops 4.25%, hits highest level since late July
Economy

10-year Treasury yield briefly tops 4.25%, hits highest level since late July

The U.S. 10-year Treasury yield rose again Wednesday as traders digested the latest comments from Federal Reserve officials on the trajectory of interest rate cuts. The yield on the 10-year Treasury rose more than three basis points to about 4.24. At its session high, the benchmark rate traded at 4.26%, reaching its highest level since […]

IBM stock slips on disappointing consulting and infrastructure revenue
Economy

IBM stock slips on disappointing consulting and infrastructure revenue

IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Stefan Wermuth | Bloomberg | Getty Images IBM shares moved 3% lower in extended trading on Wednesday after the hardware, software and consulting provider fell short of Wall Street’s revenue expectations for the third quarter. Here’s how the […]

Meta used National PTA to promote child safety efforts, report finds
Economy

Meta used National PTA to promote child safety efforts, report finds

Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Orbegozo Manuel | Reuters Since losing her 15-year-old son Riley to suicide following a sextortion scheme through Meta’s Messenger app, Mary Rodee has worked with advocacy groups to […]

German autos sector slashes jobs as economic woes bite
Economy

German autos sector slashes jobs as economic woes bite

A general view of production lines at the Mercedes-Benz assembly plant on June 4, 2025 in Rastatt, Germany. Florian Wiegand | Getty Images News | Getty Images A perfect storm of industry and economic challenges have weighed on Germany’s autos sector, which has shed tens of thousands of jobs over a one-year stretch to the […]