Investors' unease about holding long-dated sovereign debt was magnified by a soft 20-year U.S. Treasury note auction on Wednesday, which slammed the dollar and stocks, pushed long bond yields higher and steepened the U.S. yield curve. In my column today I take a closer look at the rising term premium on U.S. debt. Weak U.S. economic outlook persists despite brief tradetruce with China 2.
Walmart plans job cuts in restructuring push to lower expenses
The company's plan will impact teams in its global technology operations, e-commerce fulfillment in U.S. stores and its advertising business Walmart Connect. The company will also eliminate some roles and opening some new ones, according to the plan. Walmart is the largest U.S. private employer with about 1.6 million employees.
Reuters
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