The bond market is flashing a warning sign for the U.S. economy. That harbinger is called an “inverted yield curve.” These inversions in the bond market have been reliable predictors of past recessions. Part of the yield curve inverted on Monday.
Barclays hit by $590 million US market blunder and stake sale
Shares in Barclays fell as much as 6% in early trading on Tuesday, after one of its top investors offloaded stock roughly equivalent to a 3% stake in the lender.
Asia-Pacific stocks mostly rise; Japan warns against rapid yen weakening as it hovers near 6-year low
Stocks across Asia-Pacific rose, following a tumble in oil prices overnight. Bitcoin meanwhile surged past a key level, and the yen’s sharp decline sparked alarm.