Asian markets follow Wall Street drop ahead of US inflation update

BEIJING – Asian stock markets followed Wall Street lower on Thursday before a US inflation update likely to affect the Federal Reserve’s plans for further interest rate hikes after the election left congressional control uncertain. Hang Seng HK Index: HSI In Hong Kong, it is down 1.9% and the Nikkei 225 JP: NIK In Tokyo … Read more

Chief Justice Temporarily Blocks Home Access to Trump’s Tax Returns

WASHINGTON – Chief Justice John Roberts has temporarily blocked a House committee from obtaining information Donald Trumptax returns, issuing an administrative order Tuesday suggesting that the Supreme Court would not act on the former president’s emergency appeal to protect his finances from congressional investigators until after Midterm elections next week. Tuesday’s order gives the House … Read more

Treasury sold $3.4 billion of I bonds this week as investors flock to a 9.62% stake.

October 28 is the last opportunity for investors to buy I Bonds which yield an interest rate of 9.62%. However, increased demand for inflation-adjusted bonds has overwhelmed TreasuryDirect and the Treasury He said he couldn’t guarantee that orders would be completed right on time. Many investors have managed to overcome the problems of time and … Read more

China tops the United States for the first time in the ranking of “best” universities in the world

China has overtaken the United States in a major ranking of the best universities in the world. Of the 2,000 schools from more than 90 countries ranked by US News & World Report, the list is ranked by 338 Chinese universities, compared to 280 in the US. It is the first time that China has … Read more

This is not a QE or QT. This is not any of those. Why is the US Treasury exploring debt buybacks

The US Treasury said Friday it plans to start talking to primary dealers in late October about the possibility that it could begin buying back some of its old debt to help avoid disrupting market functions. The plan, if adopted, would mark a milestone in the roughly $22.6 trillion US government bond market, the world’s … Read more

Opinion: The Supreme Court’s next target may be the most important law on the web

After repealing the right to abortion earlier this year, the Supreme Court’s next target may be the most important law the United States has been able to enact in relation to the Internet. On Monday, judges agreed to hear cases against Alphabet Inc., Google Inc., GOOGL, + 3.13% GOOG, + 3.28% and Twitter Inc. TWTR, … Read more