The 10-year U.S. Treasury yield came off its high on Friday as the latest inflation data showed tamed price pressures.The yield on the benchmark last traded up 3 basis points to 1.65%. The rate jumped 6 basis points earlier. The yield on the rose to 2.394%. Yields move inversely to prices.6 hours ago7 hours agoOn the inflation front, the core personal consumption expenditure price index, which strips out volatile food and energy prices, rose 0.1% month over month, matching expectations from economists polled by Dow Jones. Year over year, the gauge climbed 1.4%, slightly lower than a 1.5%...…The 10-year U.S. Treasury yield came off its high on Friday as the latest inflation data showed tamed price pressures.The yield on the benchmark last traded up 3 basis points to 1.65%. The rate jumped 6 basis points earlier. The yield on the rose to 2.394%. Yields move inversely to prices.6 hours ago7 hours agoOn the inflation front, the core personal consumption expenditure price index, which strips out volatile food and energy prices, rose 0.1% month over month, matching expectations from economists polled by Dow Jones. Year over year, the gauge climbed 1.4%, slightly lower than a 1.5%...WW…

Goldman Sachs CEO David Solomon said that working from home was "not a new normal" for the investment banking giant, calling it an "aberration." Speaking at Credit Suisse's annual virtual financial services forum on Wednesday, Solomon said that the coronavirus pandemic had seen a "significant portion" of employees shifting to working remotely. However, he said that the firm had still managed to have an average of less than 10% of its staff working in its offices around the world. In New York, Solomon said Goldman had up to a quarter of its employees working onsite and had...…Goldman Sachs CEO David Solomon said that working from home was "not a new normal" for the investment banking giant, calling it an "aberration." Speaking at Credit Suisse's annual virtual financial services forum on Wednesday, Solomon said that the coronavirus pandemic had seen a "significant portion" of employees shifting to working remotely. However, he said that the firm had still managed to have an average of less than 10% of its staff working in its offices around the world. In New York, Solomon said Goldman had up to a quarter of its employees working onsite and had...WW…

Key PointsU.S. Treasury yields struggled to find a direction on Tuesday after Fed Chair Jerome Powell indicated that the central bank was not moving toward changing its dovish policy stance.The yield on the benchmark fell to 1.353%, while the yield on the climbed to 2.19%. Yields move inversely to prices.5 hours agoPowell began his hearing with Senators at 10 a.m. ET. While the semiannual testimonies are normally nonevents for the market, will likely be closely watched for how he views the recent run-up in bond yields and for any comments on inflation.The Fed chief said in that ""The...…Key PointsU.S. Treasury yields struggled to find a direction on Tuesday after Fed Chair Jerome Powell indicated that the central bank was not moving toward changing its dovish policy stance.The yield on the benchmark fell to 1.353%, while the yield on the climbed to 2.19%. Yields move inversely to prices.5 hours agoPowell began his hearing with Senators at 10 a.m. ET. While the semiannual testimonies are normally nonevents for the market, will likely be closely watched for how he views the recent run-up in bond yields and for any comments on inflation.The Fed chief said in that ""The...WW…

Key PointsLONDON — U.K. Prime Minister Boris Johnson will call on leaders of the world's largest economies to support efforts to speed up the development of new vaccines.Johnson, who will chair a virtual meeting with leaders of the G-7 on Friday, is expected to outline an ambition to cut the time to develop new vaccines by two-thirds to 100 days.A Downing Street statement said the development of a coronavirus vaccine in around 300 days was a "huge and unprecedented global achievement." "By reducing the time to develop new vaccines for emerging diseases even further, we may be able to...…Key PointsLONDON — U.K. Prime Minister Boris Johnson will call on leaders of the world's largest economies to support efforts to speed up the development of new vaccines.Johnson, who will chair a virtual meeting with leaders of the G-7 on Friday, is expected to outline an ambition to cut the time to develop new vaccines by two-thirds to 100 days.A Downing Street statement said the development of a coronavirus vaccine in around 300 days was a "huge and unprecedented global achievement." "By reducing the time to develop new vaccines for emerging diseases even further, we may be able to...WW…

Key PointsIn this articleLONDON — will temporarily reduce the number of doses of its coronavirus vaccine being delivered to Europe.The Norwegian Institute of Public Health received a message from Pfizer "little before 10 o'clock" Friday, according to a translation of a statement released by the authority shortly afterwards. NIPH's statement said that deliveries of the Pfizer- vaccine would be reduced from next week "and for a period ahead.""We were predicted 43,875 vaccine doses from Pfizer in week 3. Now it seems that we get 36,075 doses," the statement said.NIPH said the temporary...…Key PointsIn this articleLONDON — will temporarily reduce the number of doses of its coronavirus vaccine being delivered to Europe.The Norwegian Institute of Public Health received a message from Pfizer "little before 10 o'clock" Friday, according to a translation of a statement released by the authority shortly afterwards. NIPH's statement said that deliveries of the Pfizer- vaccine would be reduced from next week "and for a period ahead.""We were predicted 43,875 vaccine doses from Pfizer in week 3. Now it seems that we get 36,075 doses," the statement said.NIPH said the temporary...WW…

Key PointsEngland faces another national lockdown to combat the new Covid variantBritish Prime Minister Boris Johnson said England is adopting a national lockdown that he hopes will be tough enough to contain a new, highly contagious variant of .People can only leave their homes to shop for essentials, work if they can't from home, exercise, go to the doctor's and escape domestic abuse, he said in an announcement Monday evening. Primary schools, secondary schools and colleges will also move to remote learning Tuesday, except in rare cases, he said."I completely understand the inconvenience...…Key PointsEngland faces another national lockdown to combat the new Covid variantBritish Prime Minister Boris Johnson said England is adopting a national lockdown that he hopes will be tough enough to contain a new, highly contagious variant of .People can only leave their homes to shop for essentials, work if they can't from home, exercise, go to the doctor's and escape domestic abuse, he said in an announcement Monday evening. Primary schools, secondary schools and colleges will also move to remote learning Tuesday, except in rare cases, he said."I completely understand the inconvenience...WW…

Keep Me Logged InCompanies should "watch out" for millennials when it comes to how environmental, social and governance issues influence where they invest their money, according to the head of ESG governance at PR firm Edelman. Chuka Umunna, a former British lawmaker, told CNBC's "Squawk Box Europe" on Wednesday that around $24 trillion of wealth, in the U.S. alone, was in the process of being transferred to millennials from baby boomers and older generations. A said that nearly $24 trillion of wealth would be transferred in the U.S. over the following 15 years, while...…Keep Me Logged InCompanies should "watch out" for millennials when it comes to how environmental, social and governance issues influence where they invest their money, according to the head of ESG governance at PR firm Edelman. Chuka Umunna, a former British lawmaker, told CNBC's "Squawk Box Europe" on Wednesday that around $24 trillion of wealth, in the U.S. alone, was in the process of being transferred to millennials from baby boomers and older generations. A said that nearly $24 trillion of wealth would be transferred in the U.S. over the following 15 years, while...WW…

A 99-year-old World War II veteran has raised nearly £12.5 million ($15.6 million) for workers in the U.K.'s National Health Service during the coronavirus pandemic.With the help of a walking frame, Tom Moore completed 100 lengths of his backyard, which is 25 meters (82 feet) long.Moore aimed to walk the distance before turning 100 years old next week and completed the challenge well ahead of time by doing 10 laps a day. He decided to take on the challenge after receiving treatment from the NHS for skin cancer and a broken hip, praising health-care workers for their "patience" and...…A 99-year-old World War II veteran has raised nearly £12.5 million ($15.6 million) for workers in the U.K.'s National Health Service during the coronavirus pandemic.With the help of a walking frame, Tom Moore completed 100 lengths of his backyard, which is 25 meters (82 feet) long.Moore aimed to walk the distance before turning 100 years old next week and completed the challenge well ahead of time by doing 10 laps a day. He decided to take on the challenge after receiving treatment from the NHS for skin cancer and a broken hip, praising health-care workers for their "patience" and...WW…