Treasury Buyers Get 5% Long Bond for First Time Since 2007

Investors snagged 5% yields on 30-year Treasuries for the first time since 2007, as surging energy prices push inflation — and expectations for more of it — higher. A $25 billion auction of new 30-year bonds on Wednesday was awarded at 5.046% based on the yields that...

US Tech Stocks Still Dominate European Funds: ESG Investing

The seven largest stockholdings of European sustainable investment funds are US technology companies led by Microsoft Corp. and Nvidia Corp. Of the funds’ top-10 holdings, just one is based in Europe: ASML Holding NV, according to research from Morgan Stanley....

Waymo Recalls Robotaxis After Vehicle Drove on Flooded Road

Waymo is recalling thousands of robotaxis to fix a software issue that could cause the autonomous vehicles to drive on flooded roads. The recall affects 3,791 vehicles equipped with the company’s fifth- and sixth-generation automated-driving system, according to...

Aramco Sees Hormuz Halt Causing 100 Million-Barrel Oil Loss

Global oil markets are losing 100 million barrels every week the Strait of Hormuz is shut, compounding a supply shortage that has already made the Middle East war the most significant supply disruption ever, according to the head of Saudi Arabia’s state oil producer....

Wall Street Veteran Yardeni Confident in S&P 500 Eclipsing 8,000

A blistering rally has pushed the S&P 500 Index back to all-time highs, and Wall Street veteran Ed Yardeni is confident the benchmark can breach 8,000 points by the end of 2026. Yardeni raised his year-end price target on the 500-member gauge from 7,700 to 8,250,...

Michael Burry Warns of Stock Crash as Tech Jump Echoes 2000 Peak

Michael Burry, the investor made famous in The Big Short, is warning that the Nasdaq 100 Index is headed toward a dramatic reversal after a “parabolic” surge that has driven technology valuations to unsustainable heights. In a post on Substack, Burry said the market...

Iran War Is Draining World’s Oil Buffer at an Unprecedented Pace

The world has burned through oil inventories at a record speed as the Iran war throttles flows from the Persian Gulf, eating into the very buffer that protects against supply shocks. The rapidly shrinking stockpiles mean that the risk of even more extreme price spikes...

German Drone Startup May See $18b Valuation in Fundraising: FT

German drone startup Helsing GmbH may see its valuation jump to about $18 billion in a new financing round, up from about $14 billion implied in a fundraising last year, the Financial Times reported on Saturday. Plans for a $1.2 billion funding round are at an...

OPTrust Goes to Court to Recoup $80 Million From Westbank Tower

Ontario Public Service Employees’ Union Pension Plan put a new residential tower in Vancouver in receivership to recoup C$109 million ($80 million) from developer Westbank Holdings Ltd. It’s a fresh sign of distress in the once-effervescent Canadian real estate...

US Consumer Sentiment Falls to Record Low on Inflation Angst

US consumer sentiment fell in recent weeks to a fresh record low on concerns about the impact of inflation on personal finances and buying conditions. The preliminary May sentiment index decreased to 48.2 from 49.8 in April, according to the University of Michigan....