Jobs and trade

The U.S. and China slapped levies on $34 billion of each other’s exports, the first tangible shots in a trade battle that both sides are bracing to fight for months—if not years. The new levies took effect after midnight Eastern Time in the U.S. In response, a...

Raise interest rates

Today the Federal Reserve is expected to raise interest rates by 0.25%. That news comes at 11 am. The expansion turns 9. The economic expansion officially turns 9 years old this month, making it the second longest behind the 10-year expansion during the 1990s. (LPL)...

Italian yields higher

Political turmoil is pushing Italian yields higher, but not signaling broader crisis. Italian yields have spiked in recent days, with the 2-year yield moving from 0.46% on Friday May 25, to 2.2% currently; this after it was actually negative (-0.08%) two weeks ago. It...

It’s Italy

Stocks are sharply lower with much of the unrest coming out of Europe amid uncertainty over Italy’s political direction. The euro is at 6-1/2 month lows. (CNBC) Durable-goods orders fell 1.7% April, mostly from a decline in contracts for planes. Orders minus...