ECONOMY & MARKETS

Wall Street Wavers; U.S. 10-year Yield Steadies Near 2%

Passersby wearing protective face masks walk past a stock quotation board, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan January 25, 2022.
Wall Street oscillated in morning trading on Friday, backing down from early gains, and benchmark Treasury yields hovered around 2% as market participants grappled with decades-high inflation and the prospect of a tightened rate hike timeline from the U.S.
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U.S. President Joe Biden delivers remarks on Biden administration efforts to lower health care costs during a visit to Germanna Community College in Culpepper, Virginia, U.S., February 10, 2022.

Biden Sees Inflation Easing This Year, Touts His Drug Price Plan

U.S. President Joe Biden on Thursday said he expected inflation to start to ease this year as supply chain logjams clear up, while saying that his administration was already helping ease shortages, as new data showed the biggest jump in consumer prices in 40 years.
 A general view of Abadan oil refinery in southwest Iran, is pictured from Iraqi side of Shatt al-Arab in Al-Faw south of Basra, Iraq September 21, 2019.

As Nuclear Talks Resume, Iran's Oil Exports Increase

Iranian oil exports have risen to more than 1 million barrels per day for the first time in almost three years, based on estimates from companies that track the flows, reflecting increased shipments to China.
A man walks along Wall Street in New York September 18, 2008.

Wall St Slips After Stronger-than-expected Inflation Data

Megacap stocks dragged U.S. stock indexes lower on Thursday after a hotter consumer prices data raised fears the Federal Reserve will act aggressively to counter inflation, while Disney jumped after posting upbeat quarterly results.

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