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U.S. Economy

California woman guilty in counterfeit savings bond scheme

by Vera Ward
California woman guilty in counterfeit savings bond scheme

Jetcityimage | Istock | Getty Images WASHINGTON — A California woman pled guilty to helping process more than $1.6 million in counterfeit Treasury Department Series I savings bonds through financial …

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10-year Treasury yield falls slightly ahead of Friday’s jobs report

by Walter Watson
10-year Treasury yield falls slightly ahead of Friday’s jobs report

Long-duration Treasury yields rose again on Thursday as investors awaited a key jobs report to gauge the path of monetary policy. The yield on the 10-year Treasury slipped 2 basis …

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Former Trump lawyer Rudy Giuliani sues Biden for defamation

by Vera Ward
Former Trump lawyer Rudy Giuliani sues Biden for defamation

Former Mayor of New York Rudy Giuliani speaks to reporters as he leaves his apartment building in New York on Aug. 23, 2023. Seth Wenig | AP WASHINGTON — Rudy …

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Georgia man forfeits Ferrari, money for Medicare fraud

by Vera Ward
Georgia man forfeits Ferrari, money for Medicare fraud

Exhibit from court record: 2018 Red Ferrari Spider. Source: U.S. DOJ A Miami federal judge ordered a lab owner convicted of defrauding Medicare to forfeit more than $187 million worth …

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Health care workers strike at Kaiser Permanente

by Vera Ward
Health care workers strike at Kaiser Permanente

A Kaiser Permanente health care center is pictured in Anaheim, California, U.S., October 3, 2023 as more than 75,000 Kaiser Permanente healthcare workers could go on strike from Oct. 4 …

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investors assess interest rate, economic outlook

by Walter Watson
investors assess interest rate, economic outlook

Traders watch prices in the Ten-Year Treasury Note options pit at the CME Group. Getty Images U.S. Treasury yields were little changed Wednesday, with the 10-year Treasury yield trading around …

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Mortgage rate heads toward 8%

by Walter Watson
Mortgage rate heads toward 8%

Ryan Ratliff, center, real estate sales associate with Re/Max Advance Realty, shows Ryan Paredes, left, and Ariadna Paredes a home for sale in Cutler Bay, Florida, on April 20, 2023. …

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U.S. Treasury yields: investors weigh economic outlook

by Walter Watson
U.S. Treasury yields: investors weigh economic outlook

The 10-year Treasury yield, which serves as a benchmark for mortgage rates and as an investor confidence barometer, on Tuesday surged to its highest level since 2007. As of 8 …

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Kaiser Permanente union workers poised to strike health provider

by Vera Ward
Kaiser Permanente union workers poised to strike health provider

A sign is posted on the exterior of the Kaiser Permanente Vallejo Medical Center on September 08, 2023 in Vallejo, California. Justin Sullivan | Getty Images More than 75,000 workers …

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Surging oil prices fuel fears of dreaded phenomenon

by Ron Morgan
Surging oil prices fuel fears of dreaded phenomenon

Just a few months ago, investors appeared relatively sanguine about the dreaded prospect of stagnant economic activity and rising inflation. Oil prices surging to the brink of $100 per barrel …

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