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A series of quarterly earnings reports is showing that even Silicon Valley’s most powerful companies are feeling the impact of inflation and rising interest rates.
Recessions come in many varieties. Any would bring pain, but if history is a guide, stocks and bonds are likely to rise eventually, our columnist says.
The 10-year U.S. Treasury yield, which underpins everything from mortgages to credit cards, was on course to rise for a twelfth consecutive week, matching the longest streak since 1984.
The food delivery company had been moving toward a public offering, but the window for such deals is shutting amid market turmoil.
James Bullard, who leads the Federal Reserve Bank of St. Louis, appeared at a Citigroup forum last week in Washington. Reporters were not invited.