Thursday, August 20

Markets

Stacked 400-ounce gold bars
Markets
Wednesday, 8/19, 10:20 PM

Gold jumps to its highest since early June as the Treasury doubles bond buybacks

  • Gold leapt roughly $100 in under an hour on Wednesday, trading above $4,460 an ounce for the first time since early June, after the US Treasury said it would double the size of its long-dated bond buyback operations to at least $4 billion each.
  • The 30-year Treasury yield fell to 5.19%, a two-week low, easing the pressure that had weighed on the metal.
Traders on the floor of the New York Stock Exchange
Markets 30 d

Synchrony's profit fell 8%, but its credit numbers say the US consumer is holding up

  • The store-card lender reported second-quarter net earnings of $885 million, down 8% from a year earlier, even as diluted EPS rose to $2.59 on heavy buybacks.
  • The more useful signal is in the credit data: charge-offs and delinquencies both fell, a real-time read on the American borrower that matters well beyond one company.

In brief

In brief

Computer memory modules
Markets 41 d

SK Hynix Raises $26.5 Billion in the Biggest-Ever US Listing by a Foreign Company

  • South Korea's SK Hynix priced a record US share sale, raising about $26.5 billion by selling American depositary shares at $149 each ahead of a Nasdaq debut.
  • It is the largest US listing ever by a foreign company, and a sign of how much capital the AI-memory boom now demands, even as the final price came in below the company's initial target.

In brief

In brief

In brief

Markets news — stocks, bonds, currencies and commodities

The Markets section brings together the latest moves across global markets: equities and indices, bonds and yields, foreign exchange, oil, gold and commodities. We follow the trading day in real time and explain what is driving prices — from earnings and economic data to central-bank decisions and geopolitics.

From Wall Street to London, Frankfurt, Tokyo and Hong Kong, we add the context behind the numbers so you understand what a move means and why it matters — reported clearly, with sources attributed.

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