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IRS Removes Gift-Tax Filing Burden for Many Trump Account Owners — WSJ

By Richard Rubin and Ashlea EbelingThe Internal Revenue Service eliminated one of the key unanswered questions about Trump Accounts, the new child investment accounts set to launch July 4.The tax agency provided a workaround for a law that otherwise would have required millions of parents to file g…

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Treasury Yields Rise Ahead of U.S. Labor, Consumer Indicator — Market Talk

Treasury yields edge higher amid expectations of an extended period of high interest rates. Yieldsare on track for a quarterly increase, as concerns about war-driven energy inflation move markets. Such fears ease as U.S. and Iran reportedly keep alive talks to restore shipping through Hormuz, while…

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Bonds
NEWS dow-jones

Treasury Yields Rise Ahead of U.S. Labor, Consumer Indicator — Market Talk

1552 ET - Treasury yields edge higher amid expectations of an extended period of high interest rates. Yieldsare on track for a quarterly increase, as concerns about war-driven energy inflation move markets. Such fears ease as U.S. and Iran reportedly keep alive talks to restore shipping through Hor…

Dow Jones Newswires en
BondsFuturesStocksUS
NEWS dow-jones

Treasury Yields Rise Ahead of U.S. Labor, Consumer Indicator — Market Talk

1552 ET - Treasury yields edge higher amid expectations of an extended period of high interest rates. Yieldsare on track for a quarterly increase, as concerns about war-driven energy inflation move markets. Such fears ease as U.S. and Iran reportedly keep alive talks to restore shipping through Hor…

Dow Jones Newswires en
BondsEconomy
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The Little Index That Could Crush the S&P 500 This Year — WSJ

By Heather GillersThe Russell 2000 index of small-company stocks has had quite a year so far, notching its greatest gains since 1991.The index, which did its annual rebalancing at the end of last week, was also beating the more famous S&P 500 by nearly 14 percentage points through Friday, also its…

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index
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Thomas' Dissent Pokes Holes Supreme Court's Cook Decision — Barrons.com

By Anita HamiltonFederal Reserve Governor Lisa Cook scored a major legal victory Monday when the Supreme Court ruled she couldn't be removed from office. But the decision came with a lengthy, 32-page dissent from Justice Clarence Thomas.President Donald Trump had attempted to remove Cook, citing al…

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Economy
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ICE Canola: New Crop Contracts Reverse Gain to Close Lower

WINNIPEG, Manitoba--Intercontinental Exchange canola futures gave up most of their gains on Monday, as the new crop contracts incurred small losses. The old crop July contract was higher.Despite increases in crude oil on Monday, there was pressure from sharp declines in the Chicago soy complex. Eur…

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Futures
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Canada Manufacturing Firms Fall to Historic Low in 1Q — Market Talk

Canada's economy might not be as resilient as aggregate data suggest, says Stefane Marion, chief economist at National Bank of Canada. He cites monthly figures on firm creation and closings, and says the numbers for manufacturing demonstrate acute stress for trade-exposed Canadian companies. Marion…

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Economy
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ICE Canola: New Crop Contracts Reverse Gain to Close Lower

WINNIPEG, Manitoba--Intercontinental Exchange canola futures gave up most of their gains on Monday, as the new crop contracts incurred small losses. The old crop July contract was higher.Despite increases in crude oil on Monday, there was pressure from sharp declines in the Chicago soy complex. Eur…

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Futures
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Hogs Finish Higher as USDA Report Gets Digested — Market Talk

Market participants have been digesting last week's Hogs and Pigs report, with the USDA forecasting the potential for a lesser hog supply in the second half of the year. Also providing support for hog futures is a slower-than-expected slaughter rate last week, according to ADM Investor Services in…

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Futures
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USDA May Farm Prices +4.1% From Apr, +0.2% From Yr Ago

WASHINGTON (Dow Jones)--The index of prices received by U.S. farmers for their products in May was +4.1% from April, and +0.2% from a year earlier, the U.S. Department of Agriculture said Monday. May Prices Received Index Up 4.1 Percent The May Prices Received Index 2011 Base (Agricultural…

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Economy
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ECB's June Rate Increase Wasn't an 'Insurance Hike,' Lagarde Says

By Ed FranklThe European Central Bank's decision to raise its key interest rate this month was based on the bank's projections rather than a pre-emptive act to manage risks of inflation rising uncontrollably, President Christine Lagarde said Monday."Some have characterized our rate increase earlier…

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Economy
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Supreme Court Denies Trump's Bid to Remove Fed Governor — Barrons.com

By Megan LeonhardtThe Supreme Court on Monday denied President Donald Trump's bid to oust Federal Reserve governor Lisa Cook, a decision that preserves her position and is widely seen as reinforcing the central bank's independence in setting the nation's monetary policy.In a 5-4 decision, the Court…

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Economy