Trump puts Biden on defense for Medicare Advantage cuts

Medicare benefits have emerged as an election hot topic, putting President Biden in a likely precarious situation with senior voters after slashing the popular Medicare Advantage program’s benefits ahead of the election.  “I will not cut one penny from Social Security or Medicare, which Joe Biden is destroying by letting millions of people come into […]

Jobs, Inflation Data May Break the US Treasury Market Out of Narrow Range

A series of upcoming economic reports and Congressional testimony from Federal Reserve Chairman Jerome Powell could jolt U.S. government bonds out of a narrow trading range. Yields on benchmark U.S. 10-year Treasuries, which move inversely to bond prices, have bounced…[#item_full_content]

China’s June Factory Activity Contracts Again, Services Slows

China’s manufacturing activity fell for a second month in June while services activity slipped to a five-month low, an official survey showed on Sunday, keeping alive calls for further stimulus as the economy struggles to get back on its feet. The National Bureau of…[#item_full_content]