U.S. Treasury Secretary Scott Bessent said on Wednesday that the agency will buy up to $6 billion in long-term government bonds as part of an effort to curb rising yields and ease borrowing costs. The Treasury Department vowed last month to “at least” double its bond buybacks to $4 billion to prop up prices (bond yields. Higher…
Treasury yields edged higher on Tuesday, extending a global bond sell-off and threatening to raise borrowing costs for millions of Americans. The yield on the 10-year Treasury, which influences mortgage rates, rose to 4.78%, up from 4.75% late Monday and the highest level since January 2025. The yield on the 2-year Treasury, which closely tracks…
The Trump administration’s plan to take a stake in tens of billions of barrels of Venezuelan oil reserves will hinge on a private company called North American Blue Energy Partners, the White House announced Monday, offering more details on the agreement. Under the deal, the Venezuelan government granted 100-year concessions to NABEP to drill in…
The CEO of surveillance technology company Flock Safety apologized Thursday for instances where its data was misused by law enforcement officers and discussed changes the company is rolling out to its systems. Following a Washington Post report that police officers were accused in 46 cases of improperly using access to Flock’s license plate camera network,…
Tornadoes, hail and powerful winds linked to climate change now pose a bigger threat to homeowners than floods, hurricanes and other forms of extreme weather, according to new research. In 2025, insurance payouts from “severe convective storms” (SCS) surpassed those resulting from cyclones, making them the costliest insured natural disasters in the world, climate risk…
Every year, as the sugarcane crushing season approaches, Pakistan finds itself trapped in the same debate. Farmers demand higher cane prices to offset rising production costs. Sugar mills argue that increased procurement prices make sugar commercially unviable. Governments intervene to broker settlements, while consumers brace for higher retail prices. By the end of the season,…
