Asian markets mixed, as chip-maker stocks fall

Asian equities were mixed in early trading Friday, capping an up-and-down week during which investors have struggled to stick to a direction even intraday. Geopolitical concerns rose after a report that the U.S. and China are unlikely to agree to more than a “framework” for a trade deal later this month, and as the U.K.’s

Business & Finance



Hedge fund Highfields Capital to close, return billions to clients

Boston hedge fund Highfields Capital Management is returning billions in client money and converting into a family office, founder Jonathan Jacobson told investors in a letter Wednesday. The decision to return money to investors would mark one of the largest hedge fund closings in recent history. Jacobson started the $12.1 billion stock-trading firm in 1998


2-year Treasury yield extends climb, lingering at decadelong high

U.S. government bond yields continued their ascent Thursday even after the Federal Reserve made few changes to its policy statement. The 10-year Treasury note yield TMUBMUSD10Y, -0.40% was up 1.7 basis points to 3.232%, and the two-year note yield TMUBMUSD02Y, -0.27% rose 2.1 basis points to 2.969%, hovering at a decadelong high. The yield for


The Perfect Storm for the Dollar Is Here

All the ingredients are in place for the U.S. dollar to contract in supply and rally, providing more headwinds for gold, according to Brent Johnson, CEO of Santiago Capital. “We kind of have this perfect storm for the dollar. You’ve got the Trump trade policies, which…enacting tariffs means less dollars circulate. If less trade is


Euro slips as traders digest Merkel comments, dollar eyes best month since May

The euro slipped against the U.S. dollar on Monday after German Chancellor Angela Merkel announced she would step down as party leader and not run for political office again after her term ends in 2021. That means Merkel’s tenure as head of the center-right Christian Democratic Union will end in December. The chancellor suffered a