“However, we must protect our right to bargain terms and conditions around uses of voice that replace the work of our members, including those who previously did the work of matching Darth Vader’s iconic rhythm and tone in video games,” the union said.
that would cut taxes and couldof dollars to the U.S. debt. The bond market has been the
this week. Yields have been broadly on the rise in part because of worries about the U.S. government’s spiraling debt.Besides making it more expensive for the U.S. government to borrow to pay its bills, higher Treasury yields can also filter into the rest of the economy and make it tougher for U.S. households and businesses to get their own loans. Higher yields also discourage investors from paying high prices for stocks and other investments.The yield on the 10-year Treasury climbed as high as 4.63% before the U.S. stock market opened for trading, before receding to 4.54%. It stood at 4.58% late Wednesday and was as low as 4.01% early last month. The two-year yield, which more closely tracks expectations for action by the Federal Reserve, slipped to 3.99% from 4.02% late Wednesday.
spending bill, which aims to extend some $4.5 trillion in tax breaks from President Donald Trump’s first term while adding others, is expected to undergo some changes when it gets to the Senate for a vote.The legislation also includes a speedier rollback of production tax credits for clean electricity projects, which sent shares of solar companies tumbling. Sunrun dropped 37.1%, Enphase Energy fell 19.6% and First Solar slid 4.3%.
Health care stocks also fell Thursday after the Centers for Medicare & Medicaid Services said it was immediately expanding its auditing of Medicare Advantage plans. UnitedHealth Group fell 2.1% and Humana lost 7.6%.
Wall Street had several economic updates on Thursday.When Treasury yields rise, it means more of taxpayers’ dollars are going just to repay the national debt rather than to keep the government running.
Higher yields can also filter into the rest of the economy and make it tougher for U.S. households and businesses to get their own loans.track 10-year Treasury yields, for example, and the average rate on a 30-year mortgage just hit its highest level since mid-February.
Higher Treasury yields can also translate into higher rates for everything from credit cards to auto loans. That means a sharp enough rise can put the brakes on the U.S. economy by discouraging businesses and households from borrowing and spending, raising the risk of a recession.High yields can also discourage investors from paying high prices for stocks and other investments.