Longer dated U.S. government debt yields were rising Monday morning, while short-term notes were seeing muted action, a phenomenon often described as a bear steepener. Read More.
The weaker-than-expected April report fueled speculation of a labor shortage. Officials in two dozen states leveraged the data to argue enhanced federal unemployment benefits were a primary culprit. Read More.
A 15% global minimum corporate tax rate would be a “very significant step forward” that leaves countries enough margin to compete, Organization for Economic Cooperation and Development Secretary General Mathias Cormann said. Read More.
Tesla billionaire Elon Musk, the meme-loving CEO who also leads rocket company SpaceX, has ramped up his support of "joke" cryptocurrency dogecoin in recent months. Read More.
Texas—In a November 2019 election, 76% of Texas voters approved the constitutional amendment to prohibit Texas from imposing any income tax. Read More.