Markets
US Treasury Buys Yen in First Such Intervention in Decades
Washington bought yen for the first time in decades, with the New York Fed selling euros for yen after Japan moved first — a rare joint defense of a currency near multi-decade lows
Markets
Washington bought yen for the first time in decades, with the New York Fed selling euros for yen after Japan moved first — a rare joint defense of a currency near multi-decade lows
The 30-year Treasury yield hit 5.27%, the highest since 2007, as bond markets tightened financial conditions the Fed declined to touch
U.S. crude climbed 2.7% to $84.36 a barrel on Tuesday as U.S.-Iran talks stayed deadlocked, with Brent at $89.94 and U.S. stock futures subdued.
Dow futures ticked up after a record close and crude slid as Iran-Oman talks raised hopes of reopening the Strait of Hormuz — with Friday's payrolls print the next hurdle
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Sandisk sank almost 11% and Micron lost 6%, even as Intel's second-quarter results beat Wall Street estimates.
Houthi strikes off Saudi Arabia hit oil markets as Trump threatened to escalate US strikes on Iran.
The S&P 500 fell 1.2% and the Nasdaq 2.2%, their worst one-day drops since June 23, as investors questioned AI returns.
Brent crude gained 7% to settle at $100.69, and the 10-year Treasury yield pushed past 4.7%, its highest since January 2025.
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