Construction spending rises by 0
Construction spending rose 0.2% in November, the Commerce Department reported Tuesday Source
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