2 hr 1 min agoCorporate America is open to hiking the minimum wage -- when the pandemic is overFrom CNN Business' Matt EganPresident Joe Biden wants to give low-wage workers a big raise – but the business community is urging Washington not to rush the first minimum wage hike since 2009. US government bond yields are again heading higher today, as they have over the past sessions. Even though the Federal Reserve is expected to keep its key short-term rate near zero for the foreseeable future, longer-term bond yields have started to spike. Investors remain concerned that rising bond yields are making risky stocks – particularly tech stocks – less attractive. Rising Treasury bond yields, which track interest rate expectations, have been weighing on stocks.

Source: The Nation February 24, 2021 17:04 UTC