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Latest financial news from across the markets

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The 10-year Treasury yield has surged to its highest level since 2007, breaching the 5% mark, as expectations for a Federal Reserve rate hike intensify. In the tech sector, concerns over AI safety have led to notable sell-offs, particularly affecting companies like SoftBank, which saw a significant drop in its shares. Meanwhile, oil prices continue to rise, with Brent crude nearing $108 amid escalating tensions in the Middle East. On the political front, the Supreme Court has rejected a bid related to Postal Service mail ballots, while new sanctions have been imposed on Russia's VTB Bank over its ties to Iran.

Latest Market Updates

Treasury yields are hovering above a critical threshold. Here's what it means for stocks

Treasury yields are hovering above a critical threshold. Here's what it means for stocks

less than a minute ago

Kraft Heinz bets on more flavors for Philadelphia cream cheese

Kraft Heinz bets on more flavors for Philadelphia cream cheese

less than a minute ago

Wall Street weighs prospect of an AI slowdown on data center buildout

Wall Street weighs prospect of an AI slowdown on data center buildout

less than a minute ago

Carter’s is rebranding to appeal to a new generation of parents

Carter’s is rebranding to appeal to a new generation of parents

less than a minute ago

U.S. auto market predictions for 2030: More hybrids, no Chinese entrants

U.S. auto market predictions for 2030: More hybrids, no Chinese entrants

less than a minute ago

Oil’s next test: Saudi Arabia races to restore a key safety valve for prices

Oil’s next test: Saudi Arabia races to restore a key safety valve for prices

less than a minute ago

Iranian FM heads to China for talks, Pentagon reveals financial cost of war

Iranian FM heads to China for talks, Pentagon reveals financial cost of war

less than a minute ago