France’s Villeroy Urges Big Budget Cuts to Cure Fiscal Sickness

Central bank chief speaks as government reworks 2025 budget Villeroy says France-Germany spread has widened dangerously Bank of France Governor Francois Villeroy de Galhau said the government must be as ambitious as possible with budget cuts to tackle the “chronic...

Israel’s Wartime Farmers Are Relearning How to Plow Without GPS

The military’s jamming of navigational signals has undercut an agricultural formula that’s heavily dependent on advanced technologies. When a ceasefire between Israel and the Lebanese militant group Hezbollah went into effect in late November, 67-year-old Itzhik Cohen...

Treasury Auction Draws Highest Yield Since 2007 in Bond Selloff

Sale of 10-year notes is awarded at 4.68% after strong data Traders lose faith that Fed will cut interest rates again soon The US government’s monthly auction of 10-year notes drew the highest yield since 2007 after the latest economic data suggested that the Federal...

US Trade Deficit Widens on Largest Jump in Imports Since 2022

Goods, services gap widened 6.2% in November to $78.2 billion Total imports rose 3.4%, or $11.6 billion, in broad advance The US trade deficit widened in November, reflecting the biggest jump in imports since March 2022 as companies accelerated shipments ahead of a...

US Yields Hit 14-Month High Amid Auctions, Tariff Speculation

Thirty-year yield climbs to 4.86%, highest since late 2023 Speculation around Trump tariffs roils markets on Monday The yield on 30-year US Treasuries climbed to the highest in more than a year in a session that gave investors a taste of how President-elect Donald...