Nike Inc. faces a risk from slower spending by US consumers saddled with student loan debt, in addition to ongoing headwinds in China, according to Jefferies analysts.
(Bloomberg) -- The dollar staged its biggest rally in three weeks, driving it to the strongest against its key counterparts since December, as expectations that the Federal Reserve will hold interest rates high well into next year draws cash into the US.
Saudi Arabia took a key step toward advancing its nascent nuclear power program, telling international inspectors they’ll have wider access to facilities in order to account for atomic materials.
Moody’s Investors Service, the only remaining major credit grader to assign the US a top rating, has signaled that its confidence is wavering ahead of a potential government shutdown.
US Treasuries extended their decline, driving 10- and 30-year yields to new multiyear highs, on expectations the Federal Reserve will hold interest rates high and the supply of new bonds will keep rising as the federal government contends with mounting deficits.
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