Bonds & Stocks
Wall Street is wrapping up a jittery week with stocks holding relatively steady as oil fell after a surge that was triggered by an escalation of Middle East hostilities. The S&P 500 was little changed.The yield on 10 year Treasuries declined one basis point to 4.68%.
Economy
The US will collect duties of between 10% and 12.5% on imports from most major trading partners, its biggest move yet to reconstruct President Donald Trump’s tariff wall that was struck down by the Supreme Court.
World
The Trump administration and Venezuelan officials are exploring ways to unlock billions of dollars in frozen assets held abroad, looking to aid the South American nation’s recovery from twin earthquakes without placing more burden on US taxpayers, according to people familiar with the discussions.