Construction spending rises by 0
Construction spending rose 0.2% in November, the Commerce Department reported Tuesday Source
2023
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Contraction in U.S. Factory Sector Deepened in December
By Xavier Fontdegloria The U.S. manufacturing sector contracted in December at the steepest pace since the onset of the Covid-19 pandemic as demand remained… Source
10-year Treasury yield falls below 3
The first trading day of the New Year sent Treasury yields mostly lower as of Tuesday morning, as traders weighed the prospects of a recession against the idea that inflation may be set to ease further. The 10-year Treasury yield fell 13 basis points to 3.74%, dropping alongside most other rates. T Source
New omicron subvariant has become dominant in U
XBB.1.5 has overtaken earlier omicron subvariants after more than doubling its share of new cases every week in December. Source
Apple valued below $2 trillion for the first time in
The slide in Apple shares over the past year has shaved $996.5 billion from the company's peak closing market capitalization. Source
