A look at the day ahead in U.S. and global markets by Amanda Cooper.
President Joe Biden is meeting Congressional leadersShort-term government borrowing rates are cranking towards the 6% mark for the first time in history - not far off the rate you'd expect to pay on a 30-year mortgage, with all the risk that this would entail.
The cost of insuring against a U.S. sovereign default has shot up to its highest since 2009, at around $7.20 for every $100 worth of Treasuries, according to S&P Global Market Intelligence. Markets aren't happy. The lira has hit a two-month low against the dollar, and trading in Turkish blue-chip stocks was briefly halted to stop the market from going haywire.So far, those nerves aren't extending to the tech sector, which is holding on a fairly even keel. A regulatory filing on Friday from the family office ofshowed the 92-year old billionaire investor has sold his entire stake in Tesla.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morning Bid: Debt impasse dominates in big day for politicsA look at the day ahead in European and global markets from Kevin Buckland.
Read more »
Morning bid: Major macro signals from China, JapanA look at the day ahead in Asian markets from Jamie McGeever.
Read more »
Erdogan rival says has evidence of Russia's online campaign ahead of Turkey electionThe main challenger of Turkish President Tayyip Erdogan said his party has concrete evidence of Russia's responsibility for the release of 'deep fake' online content ahead of Sunday's elections.
Read more »
Twitter Restricts Content in Turkey Ahead of ElectionsElon Musk said in a tweet the social-media company had to choose between limiting access or being throttled completely.
Read more »
Elon Musk blasted for ‘censoring’ Twitter in Turkey ahead of pivotal electionTwitter users are blasting the social media platform for “censoring” content in Turkey the day before its presidential election. Twitter announced Friday it would limit access in the co…
Read more »
Erdogan ahead in Turkey initial vote results, but his margin is expected to narrowPreliminary results from Turkey's presidential election on Sunday showed Tayyip Erdogan ahead with 59.47% compared to opposition rival Kemal Kilicdaroglu with 34.79%, though pollsters expected the gap to narrow in the tight contest.
Read more »