Wall Street Pit

Ackman Withdraws His Wager Against Treasury Bonds - Wall Street Pit One of Wall Street's most notorious bond skeptics has chosen to pocket his profits and step back, anticipating a potential reversal in Treasury yields after their steep climb that sent shockwaves through global markets. Bill Ackman, the brain behind Pershing Square, announced on Monday that he has w...

Surging US Jobs Report: A Signal for Another Fed Rate Hike? - Wall Street Pit The Bureau of Labor Statistics reported on Friday that nonfarm payrolls increased 336,000 last month, following significant upward amendments to the data from the preceding two months. The unemployment rate remained steady at 3.8%, while wage growth maintained a moderate rate. The Federal Reserve wi...

30-Year Treasury Yield: Soaring to a 16-Year High - Wall Street Pit The 30-year Treasury yield experienced a significant leap, crossing the 4.85% threshold and is poised to touch its highest point in 16 years. This surge took place on Tuesday as market participants relentlessly nudged long-term rates closer to the 5% mark, riding on the wave of the prevailing 'highe...

FTC Takes on Amazon: A Landmark Antitrust Battle Begins Over Online Marketplace Dominance - Wall Street Pit The U.S. Federal Trade Commission (FTC) has launched a significant antitrust lawsuit against the e-commerce behemoth, Amazon.com Inc (NASDAQ:AMZN). The anticipated legal action accuses Amazon of using its online marketplace to establish and maintain a monopoly, resulting in diminished quality for co...