Market Extra: Traders, undeterred by December’s lousy job gains, continue to price in `sooner and faster’ tightening by Federal Reserve

Rates traders are continuing to price in the prospects of an aggressive start to the Federal Reserve’s next rate-hike cycle in coming months, despite Friday’s release of a disappointing 199,000 jobs gain for December. After the jobs report was released, futures reflected a 71% chance of a 25 basis point hike in March and 29% […]

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: COVID-19 symptoms are strikingly similar to flu. But if you test negative on an antigen test, don’t assume it’s influenza. Here’s why

You have a blistering headache. Your body aches. You’ve developed a cough. You’re sneezing. But you test negative on an antigen test. Do you have COVID-19, the disease caused by the virus SARS-CoV-2? Or the flu? Or “flurona” — that is, both? It’s a stressful dilemma and an increasingly common question. Flu season is upon […]

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: ‘Fed’s Powell will have to walk a tightrope’: What economists are saying about December jobs report

The December jobs report released Friday presented a confusing picture, say economists. On one hand, the U.S. economy added a fewer-than-expected 199,000 jobs last month, while on the other hand, the unemployment rate fell to 3.9% from 4.2%. Read: U.S. creates lackluster 199,000 jobs in December Economists surveyed by the Wall Street Journal had expected […]

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: DraftKings, Caesars to start taking mobile sports bets in New York this week for the first time

Mobile sports wagering will officially begin in New York state on Jan. 8. The New York State Gaming Commission announced that Caesars CZR, +4.67% Sportsbook, DraftKings DKNG, +5.15%, FanDuel and Rush Street Interactive RSI, +3.78% have fulfilled all regulatory requirements to proceed with mobile sports betting and iGaming in the state to begin accepting wagers. […]

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Bond Report: Treasury yields build upon post-Fed minutes rise, as weekly U.S. jobless claims creep above 200,000

Treasury yields on Thursday extended a rise that followed the release of minutes from the Federal Reserve’s December meeting, which showed policy makers discussed more aggressive rate increases and the possibility of shrinking the central bank’s nearly $ 9 trillion balance sheet. What are yields doing? The yield on the 10-year Treasury note TMUBMUSD10Y, 1.739% […]

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