The 10-year Treasury yield closed at 4.48% on June 12, 2026, while the 2-year yield was 4.09%. The yield curve, particularly the 10-2 year spread, has been negative for an extended period, historically signaling a recession within 18 to 92 weeks. The recent negative spread ended in early September 2024, suggesting a potential recession could occur within the next several months. Mortgage rates have recently declined alongside Federal Reserve rate cuts, with the 30-year fixed mortgage rate at 6.52%. These trends highlight the ongoing impact of Fed policy on borrowing costs and economic outlook.
The Île-de-France Region, Scaleway, VSORA, and ZML have formed a strategic partnership to develop and deploy Europe's first sovereign AI inference chips based on VSORA's Jotunn8 processor. This alliance aims to reduce Europe's dependence on imported ...
Cheetah Net Supply Chain Service (CTNT) shares surged nearly 18% in after-hours trading following CEO Huan Liu's purchase of 200,000 shares at $2.00 each, totaling $400,000. This insider buy increased Liu's stake to 6.4%, signaling strong confidence ...
Tom Sosnoff, CEO of LossDog, predicts SpaceX (SPCX) stock will fall below its IPO price of $135 within 60 days, despite initial gains. He sold his shares early at $158, citing unsustainable market conditions and extreme volatility in options pricing....
Sleep Number Corp's shares dropped 31% in after-hours trading following Nasdaq's decision to delist the stock due to the company's Chapter 11 bankruptcy filing. The delisting notice cited concerns about public interest, equity value uncertainty, and ...
Linkers Industries announced it will acquire an additional 29% stake in Thailand-based LPW Electronics for $2.35 million, increasing its ownership from 20% to 49%. The deal includes settling $6.16 million owed by LPW to an associate. LPW operates a w...
