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21/05/2025

The onshore Chinese yuan to US dollar closed at 7.2165 at 03:00 Beijing time, down 10 points from the closing of the overnight session on Monday. The trading volume was $456.56 billion.

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1 m ago

The OCC's bank merger rules under the Biden administration will be repealed after a vote in the House of Representatives.

9 m ago

On May 20th local time, the Federal Aviation Administration of the United States issued a temporary order requiring a reduction in the arrival and departure rate of flights at Newark Airport in New Jersey. The restriction went into effect immediately on that day. It was reported that Newark Airport had experienced a series of equipment malfunctions, runway construction, and staffing issues, leading to traffic chaos. The FAA stated before meeting with airlines to discuss flight reductions that the airport was clearly unable to handle the current level of scheduled flight operations. (CCTV News)

9 m ago

The FAA issued a temporary order requiring a reduction in flights at Newark Airport.

11 m ago

Due to concerns about the growing debt and deficit of the US government, traders are betting that long-term bond yields will soar, while President Trump's tax cuts make the situation even more precarious. The bleak economic outlook has stimulated hedging activities in US Treasury options, with investors aiming to increase long-term bond yields by the end of the year. The latest round of downward bets is in line with the sentiment on Wall Street, as strategists from Goldman Sachs to JPMorgan are all raising their yield forecasts.

11 m ago

Selling caused low risk sentiment, and traders are preparing for the 10-year US Treasury yield approaching 5%.

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