Buyers are retreating after a five-day winning streak. US Treasury yields are declining but remain at multi-month highs. Investors are focusing on Fed Chair Powell’s hawkish stance. The US Dollar Index (DXY) declined below 106.00 during the American session. However, the outlook for the Greenback is…

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The United States will reimpose sanctions on Venezuela’s oil and gas sector in response to the Maduro government’s failure to allow “an inclusive and competitive election” to take place. Last October, citing commitments made by President Nicolas Maduro to hold such an election in 2024, the US Treasury Department issued a temporary…

USS Boxer, a Wasp-class amphibious assault ship, is returning home just 10 days after deploying.The US Navy said the Boxer is undergoing “additional maintenance” due to an engineering issue.Deploying months late due to mechanical issues, the big deck departed for the Indo-Pacific on April 1. The maintenance-embattled USS Boxer is heading…

Rivian is undergoing another round of layoffs.Its the company’s fourth wave of job cuts in recent years.Over a dozen employees have begun posting about the layoffs on LinkedIn. Rivian is going through another round of layoffs.Over a dozen workers began posting on LinkedIn about cuts at the company on Wednesday…

POLITICS

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The Supreme Court on Wednesday made it easier for people to sue employers for discrimination when they are transferred against their will. The unanimous decision, written by Justice Elena Kagan, sided with a St. Louis police sergeant who claims her department discriminated against her when it forced her to transfer out of an intelligence division but did not dock her pay. At issue in the case was whether Jatonya Clayborn Muldrow could sue for sex discrimination even though the 8th US Circuit Court of Appeals found that she had not suffered a “materially significant” disadvantage because of the transfer. Muldrow…

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