Karishma Vanjani

The S&P 500 energy sector is on track to be the worst performing sector of the index for the day and week. Popular energy ETF State Street Energy Select Sector SPDR is down 2.1% for the day and over 7% for the week. "Full reopening of Hormuz may bring Brent prices to $82/bbl this year, from $93 prior, setting a $70-80 range for most of" the second half of 2026, wrote BofA Global Research.

A laggard has made a comeback. A popular fund capturing the performance of long-duration Treasuries, the iShares 20+ Year Treasury Bond exchange-traded fund, is on track to end the week up 1.3%. The fund officially started delivering positive returns for the year on June 11.

In the absence of a data-center category, Amazon, Microsoft, and Google facilities have been approved as ordinary building projects under India’s environmental policy.

Fed Chairman Kevin Warsh contends the market actually understand the central bank's approach “quite well.” There's a missing piece in his explanation.

Amazon is tapping the bond market to raise more money while investor demand for corporate debt remains high.

Karishma Vanjani Investors have taken the rate on a two-year Treasury bond to its highest level in almost 18 months, betting the Federal Reserve will lose patience with sticky inflation and raise interest rates.

The yield on a government bond maturing in two years traded as high as 4.276% on Monday. A Fed rate hike could push that higher.

Karishma Vanjani Verizon Communications is planning another round of layoffs this week, as the company seeks to reduce costs under its new CEO.

Verizon Communications is cutting around 3,000 more jobs, reducing the number of company-owned retail stores, and realigning its structure as the nation’s largest wireless carrier continues to cut costs under new CEO Daniel Schulman. Verizon will lay off 2,500 retail workers and 500 corporate employees, and will sell 274 of its corporate-owned stores to bring the overall number down to about 1,000, the company told Barron’s Thursday. Barron’s reported earlier this week that Verizon would announce layoffs on Thursday.

Karishma Vanjani Verizon Communications is cutting around 3,000 more jobs, reducing the number of company-owned retail stores, and realigning