yields - Shore News Network

Joint Law Enforcement Effort Yields Two Warrant Arrests in Allegany County

Breaking Local News ReportSeptember 19, 20240

Cumberland, MD – The Allegany County Sheriff’s Office, in collaboration with the Maryland State Police Barrack C, successfully targeted and apprehended individuals with open and active warrants as part of a coordinated effort. On Thursday, 22-year-old Sincere Jayvon Isaac of Cumberland was served a District Court Arrest Warrant stemming from a C3I Investigation. Isaac faces multiple charges, including Attempted First-Degree Murder, three counts of Conspiracy to Commit First-Degree Murder, Kidnapping, three counts of Conspiracy to Kidnap, three counts of Conspiracy to Commit First-Degree Assault, Armed Robbery, three counts of Conspiracy to Commit Armed Robbery, and False Imprisonment. He is currently

Traffic Stop Yields Weapons and Drug in Glen Burnie

Breaking Local News ReportJune 11, 20240

GLEN BURNIE, MD— A routine traffic stop escalated into significant legal charges early on June 9, 2024, when Glen Burnie police officers stopped a gray 2015 Mazda on Crain Highway at Hidden Brook Drive. The stop, which occurred at approximately 1:45 AM, led to the discovery of a loaded .32 caliber handgun and approximately 1.91 grams of suspected crack cocaine inside the vehicle. Both occupants of the Mazda, including the driver, 50-year-old Warren Marcellous Gross from Temple Hills, Maryland, were found to have active arrest warrants. The presence of the firearm and drugs prompted additional charges beyond the warrants. Gross

Interstate 95 Safety Initiative Yields 500 Citations in Virginia and North Carolina

Breaking Local News ReportMay 31, 20240

RICHMOND, VA – A joint safety initiative titled “Operation Safe DRIVE” was conducted by the Virginia State Police Motor Carrier Safety Unit (MCSU) in collaboration with the North Carolina State Highway Patrol, focusing on commercial vehicle safety along Interstate 95. The operation, which ran from May 21 to May 23, 2024, spanned from Fairfax, Virginia, into North Carolina. Throughout the operation, MCSU troopers and other law enforcement units concentrated on monitoring and addressing violations involving commercial vehicles. Nearly 400 commercial vehicles were inspected during the three-day effort, aiming to enhance road safety and compliance with traffic regulations. The operation resulted

Search Warrant Yields Drugs and Weapon in Pasadena

Breaking Local News ReportMay 15, 20240

Pasadena, MD — Anne Arundel County Police arrested a Pasadena man following a search warrant that uncovered drugs and a firearm. In March, Eastern District Narcotics Team detectives received information regarding possible CDS distribution. This led to the execution of a search warrant at a residence in the 100 block of Broadway in Pasadena on May 14. The search resulted in the seizure of a loaded Taurus 9mm handgun, 20 suspected Adderall pills, and approximately 1,270 grams of suspected cannabis. Edward Benedetto Schwartz II, 42, of Pasadena, was arrested and charged.

Denville Residence Yields Guns, Silencers, and Drugs in Police Raid

Local News ReportFebruary 21, 20240

Denville, NJ – A Denville man has been arrested on charges related to the illegal sale and possession of firearms, officials announced. Robert H. Klaar, 54, is accused of selling a defaced shotgun in January and was apprehended following a traffic stop by the Special Enforcement Unit and Denville Police Department on February 6. During a search of Klaar’s residence, law enforcement officers seized approximately seventeen firearms, including rifles and handguns, along with two firearm silencers. Evidence discovered at the scene suggests Klaar was involved in manufacturing these illegal devices, with assembly manuals found among the seized items. In addition

Strong US economic outlook buffers stocks against rising yields -Goldman

ReutersJanuary 29, 20240

By Lewis Krauskopf NEW YORK (Reuters) – A strong economic outlook is helping U.S. stocks weather a rise in Treasury yields, though that could change if factors such as tighter monetary policy drive yields higher or if they move up too fast, Goldman Sachs strategists said. The S&P 500 and 10-year Treasury yield had been negatively correlated – meaning they have moved in opposite directions – since long-term yields began rising last July, Goldman equity strategists led by David Kostin said in their latest weekly kickstart note. The S&P 500 sold off sharply over that period as yields marched to

TAKE 5 Drawing Yields Two Top-Prize Winners in Bronxville and Hempstead

Jessica WoodsJanuary 20, 20240

NEW YORK – The New York Lottery announced today that two top-prize winning tickets for the January 18 TAKE 5 midday drawing have been sold, one each in Bronxville and Hempstead. Each winning ticket is valued at $9,334.50. The winning ticket from Bronxville was sold at Bronxville Stationers, located at 112 Pondfield Road. In Hempstead, the lucky ticket was purchased at Double Diamond Food Mart, located at 196 Henry Street. TAKE 5 numbers are selected from a pool ranging from one to thirty-nine. The lottery drawing is broadcast twice daily, at 2:30 PM and 10:30 PM. Winners of any Lottery

US Treasury yields flat until June, fall in second half: Reuters poll

ReutersJanuary 10, 20240

By Sarupya Ganguly BENGALURU (Reuters) – U.S. Treasury yields will trade around current levels over the coming six months before falling later in the year, according to bond strategists polled by Reuters, suggesting markets were fully priced in for Federal Reserve interest rate cuts. Since peaking at 5.02% in October, the benchmark U.S. 10-year Treasury note yield fell over 120 basis points and finished 2023 roughly where it started. Bond bulls drove the yield, which moves inversely to prices, lower by front-loading pricing of about 150 bps of interest rate cuts this year following a perceived-dovish Fed pivot and slowing

U.S. bond yields almost fully priced in for 2024 rate cuts -strategists: Reuters poll

ReutersDecember 12, 20230

By Sarupya Ganguly BENGALURU (Reuters) – U.S. Treasury yields will decline over the coming year, but by less than half as much as they have in the last seven weeks, a Reuters poll of bond strategists showed, suggesting the market is already nearly fully priced for rate cuts next year. Since peaking at 5.02% in October, the benchmark U.S. 10-year Treasury note yield, which moves inversely to the price, first dropped sharply on increased safe-haven demand owing the initial outbreak of the Israel-Hamas war. Then, growing optimism inflation will fall further and perceived dovish statements from Federal Reserve officials boosted

Marketmind: When higher US yields and dollar is a good thing

ReutersDecember 10, 20230

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets are set for a positive open on Monday, taking the baton from Wall Street on Friday after a surprise fall in the U.S. unemployment rate bolstered the view that an economic ‘soft landing’ will be achieved and recession avoided. Looked at through a ‘good news is good news’ prism, the rise in Treasury yields and the dollar on Friday should not be a drag on Asian and emerging markets, like they often are. The two-year U.S. yield posted its biggest rise since June after

Marketmind: Plunging yields, oil checked amid BOJ jolt

ReutersDecember 7, 20230

A look at the day ahead in U.S. and global markets from Mike Dolan Plummeting bond yields and oil prices clawed back some of the week’s dramatic falls on Thursday, while a burst of speculation about a Bank of Japan policy tightening this month cut across the interest rate optimism and catapulted the yen higher. The size and slightly erratic nature of this week’s macro market moves may speak a little to yearend markets both squaring off books and jockeying for position for 2024. But a stream of softer labor market and inflation news – not least an oil price

Global Law Enforcement Collaboration through Operation Atlas Yields 223 Violent Transnational Fugitives Arrested and 581 Fugitives Located in 70 Countries

Indira PatelNovember 30, 20230

WASHINGTON – INTERPOL Washington, the U.S. Marshals Service, and the INTERPOL General Secretariat in Lyon, France, recently marked the completion of Operation Atlas, a year-long joint operation to find and arrest violent transnational fugitives across the world. Since October 2022, U.S. and international law enforcement officials, working through Operation Atlas, arrested 223 fugitives and positively located 581 fugitives in 70 different countries, including 556 wanted in the United States. Of the fugitives targeted by the operation, 334 were the subjects of then active INTERPOL Red Notices*. The fugitives were wanted to stand trial for offenses including, but not limited to,

Marketmind: Treasury yields dive as oil craters, economy softens

ReutersNovember 17, 20230

A look at the day ahead in U.S. and global markets from Mike Dolan A cratering of oil prices and more signs of a cooling economy have seen Treasury yields plumb their lowest in two months, underpinning Wall St stock indexes despite notable single stock plunges in Walmart, Cisco and Alibaba. U.S. two-year Treasury yields skidded below 4.80% on Friday for the first time since September 1, with 10-year yields dropping under 4.40% to September lows too. Although they backed up a bit on Friday, U.S. crude oil prices have plummeted this week – hitting four-month lows on Thursday on

U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll

ReutersNovember 14, 20230

By Sarupya Ganguly BENGALURU (Reuters) – U.S. Treasury yields will fall in coming months, though not as sharply as forecast previously, according to bond strategists polled by Reuters, who said for a fourth month running in even greater numbers that the 10-year note yield had peaked. Those yield forecast upgrades came after news earlier this month of a ‘blowout’ third quarter for the U.S. economy and signs from Federal Reserve officials they will not be cutting the federal funds rate anytime soon. The benchmark 10-year Treasury note yield breached the 5% mark last month for the first time since July

Marketmind: Oil and bond yields try to find toehold

ReutersNovember 9, 20230

A look at the day ahead in U.S. and global markets from Mike Dolan With the more substantive of Federal Reserve Chair Jerome Powell’s two appearances this week still to come, markets have stalled as the week’s surprising plunge in oil prices and bond yields levelled off. A fresh fall in China’s consumer prices stoked deflationary fears there again and the global economic demand picture is starting to drag on commodity prices everywhere and is helping to defuse October’s blistering spike in long-term borrowing rates. The supply picture for U.S. crude, which is now down more than 20% from late

US investors extend equity fund sell-off amid rising bond yields

ReutersOctober 27, 20230

(Reuters) – U.S. investors remained net sellers of equity funds in the week to Oct. 25 driven by higher bond yields and concerns over the Israel-Hamas conflict. According to LSEG data, investors divested a net $2.69 billion worth of U.S. equity funds in the week, registering their sixth consecutive week of net selling. The yield on U.S. 10-year Treasury bonds climbed to a 16-year peak earlier this week, breaching the 5% mark, driven by expectations of robust growth and a growing fiscal deficit. In terms of fund categories, U.S. multi-cap, mid-cap, and small-cap funds saw outflows of $2.52 billion, $1.35

BOJ meets as rising global yields, inflation test yield cap

ReutersOctober 27, 20230

By Leika Kihara TOKYO (Reuters) – The Bank of Japan will face growing pressure at its policy meeting next week to shift further away from its controversial bond yield control, amid rising global bond yields and persistent inflation. A spike in U.S. Treasury yields has pushed up the 10-year Japanese government bond (JGB) yield near the BOJ’s 1% cap set just three months ago, testing the bank’s resolve to prevent an excessive market-driven surge in borrowing costs. Whether the central bank will further relax its grip on long-term interest rates will largely depend on how markets move leading up to

Marketmind: Lower yields lift investor spirits

ReutersOctober 27, 20230

A look at the day ahead in European and global markets from Kevin Buckland The pressure is coming off bond markets, taking pressure off every other market at the same time as we enter the final trading day in another torpid week. A sharp retreat for long-term U.S. Treasury rates gave investors across the Asia-Pacific a chance to exhale, with bond yields dropping from decade highs in Tokyo and Sydney. Equities bounced despite another sharp Wall Street selloff overnight, giving European investors some cause for optimism. Japan’s Nikkei jumped 1.5%, with Hong Kong’s Hang Seng not far behind. There’s little

Analysis-Soaring Treasury yields threaten long-term performance of US stocks

ReutersOctober 26, 20230

By Lewis Krauskopf NEW YORK (Reuters) – Soaring U.S. Treasury yields are further boosting the appeal of bonds over stocks, deepening an already painful equity selloff while threatening to weigh on equity performance over the long term. Bond yields near historic lows bolstered the attractiveness of stocks over the past 15 years, when the U.S. Federal Reserve kept rates near zero to support the economy following the 2008 financial crisis. This year’s climb in Treasury yields is changing that calculus, as government bonds offer income that is viewed as risk-free to investors who hold them to term. The yield on

Marketmind: A familiar pattern – stocks slump, yields spike

ReutersOctober 25, 20230

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Thursday are set to open on the defensive, with sentiment battered by one of the biggest selloffs of the year in U.S. tech stocks and a renewed spike in longer-dated U.S. Treasury bond yields the day before. The regional focus turns to advance third quarter South Korean GDP figures, unemployment and industrial production data from Singapore, and Reserve Bank of Australia governor Michele Bullock’s Senate testimony. The fog of uncertainty descended further over China’s embattled property sector

Some big Wall Street investors call top in Treasury yields after 5% hit

ReutersOctober 24, 20230

By David Randall NEW YORK (Reuters) – Several of Wall Street’s biggest names are calling a top on longer-dated Treasury yields, after yields on the benchmark 10-year note briefly rose above 5% earlier this week to hit their highest level since 2007. Analysts at UBS Global Wealth Management, which oversees $3.1 trillion, on Tuesday said Treasury yields are unlikely to rise further, adding to a chorus of investors saying that the selloff in U.S. government bonds is nearing an end. Yields on bonds move inversely to their prices. “From here, our view is that we are now close to the

Marketmind: Big Tech reports as bond yields recoil

ReutersOctober 24, 20230

A look at the day ahead in U.S. and global markets from Mike Dolan Big Tech heavyweights Microsoft and Alphabet are set to switch global investors’ focus from Monday’s bond market bounce, although the latter has improved the market mood considerably ahead of the week’s big earnings reports. The two tech giants report after the bell on Tuesday, with Meta following on Wednesday and Amazon on Thursday. These four stocks combined account for a whopping 23.4% weighting in the S&P500 – just shy of their 24% pandemic peak and twice the share they held just six years ago. Partly lifted

Markets juggle 5% yields and 150 yen

ReutersOctober 23, 20230

A look at the day ahead in U.S. and global markets from Mike Dolan Partly unwinding pre-weekend safety hedges related to the Middle East conflict, world markets are back focused on some critical macro priced levels and milestones that may once again define the week. The beginnings of some aid convoys to Gaza and no fresh escalation of the war there at the weekend at least saw crude oil and gold prices back off their latest highs on Monday. But in keeping with that retreat from havens, U.S. Treasuries and sovereign bonds everywhere resumed their decline and 10-year U.S. benchmark

Marketmind: Stocks struggle as yields rise, tech earnings loom

ReutersOctober 23, 20230

A look at the day ahead in European and global markets from Wayne Cole. It’s been a cautious start to the week in Asia as markets wait to see when, or whether, Israel will launch a ground invasion of Gaza, and bonds continue their vicious sell-off. Israel’s military continued to bomb Gaza on Sunday and clashed with Iran-backed Hezbollah on the border with Lebanon. The leaders of the United States, Canada, France, Germany, Italy and Britain on Sunday underscored their support for Israel and its right to defend itself, but also urged it to adhere to international humanitarian law and

Fast Play Ticket Yields $174K Jackpot Win for Wayne Player

Erica SchmidtOctober 20, 20230

TRENTON, NJ – A fortunate individual scooped up $174,621, capturing 50% of the progressive jackpot, with a $5 Cobweb Cash ticket on Thursday, October 19. Fast Play Progressive tickets, available at various retailers, provide a quick method for participants to determine their winning status. The ticket that hit the jackpot was purchased at Quick Chek #148, 442 Pompton Road in Wayne.