10-year Treasury yield tops 4.2% briefly

10-year Treasury yield tops 4.2% briefly

The U.S. 10-year Treasury yield continued rising on Tuesday after Federal Reserve officials urged caution on the path of interest rate cuts. After jumping 12 basis points on Monday, the yield on the 10-year Treasury rose more than 1 basis point to 4.198%. It earlier topped 4.2%, a level it has not reached in three months. … Read more

Cuba fights to come back from a nationwide blackout

Cuba fights to come back from a nationwide blackout

A woman works in a restaurant during a blackout in Havana, Cuba, October 17, 2024.  Norlys Perez | Reuters A small town in far eastern Cuba was recovering Tuesday from flooding that killed at least six people after Hurricane Oscar crossed the island’s eastern coast as a tropical storm with winds and heavy rain. Cuba’s … Read more

Ghana’s Speaker suspends parliament over Supreme Court majority row

Ghana’s Speaker suspends parliament over Supreme Court majority row

The Speaker of Ghana’s parliament has suspended proceedings indefinitely following chaotic scenes in the chamber over a row about which party holds the parliamentary majority. Last week, it was discovered that four MPs had switched allegiance and would run for different parties in the 7 December general election. Speaker Alban Bagbin then declared that their … Read more

Woman in Australia becomes stuck upside down between boulders for 7 hours while trying to retrieve dropped phone

Woman in Australia becomes stuck upside down between boulders for 7 hours while trying to retrieve dropped phone

A woman in Australia became stuck upside down between a pair of boulders for seven hours after falling into a crevice while trying to retrieve her dropped phone.  Photos released by New South Wales Ambulance show the woman’s feet sticking out between the rocks as first responders came to her rescue.  “In my 10 years … Read more

Austria’s conservatives to form government after far right is shunned

Austria’s conservatives to form government after far right is shunned

Austria’s President, Alexander Van der Bellen, has asked the leader of the conservative People’s Party (OVP) and incumbent Chancellor Karl Nehammer to form a coalition government – despite the fact that the far-right Freedom Party won the general election last month. The anti-immigrant, Russia-friendly Freedom Party came top in the election in September with almost … Read more

Market reckoning coming on spending after election

Market reckoning coming on spending after election

Billionaire hedge fund manager Paul Tudor Jones is raising alarms about the U.S. government’s current fiscal deficit and the increased spending promised by both presidential candidates, saying the bond market may force the government’s hand after the election in addressing it. “We are going to be broke really quickly unless we get serious about dealing … Read more

2025 capital gains tax brackets

2025 capital gains tax brackets

Xavier Lorenzo | Moment | Getty Images The IRS has unveiled higher capital gains tax brackets for 2025. In its announcement Tuesday, the agency boosted the taxable income limits for the long-term capital gains brackets, which apply to assets owned for more than one year.   The IRS also increased figures for dozens of other … Read more