News updates from August 2: Nasdaq enters correction as labour market cools; Kamala Harris clinches Democratic presidential nomination

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Financial Times 2d ago

News updates from August 2: Nasdaq enters correction as labour market cools; Kamala Harris clinches Democratic presidential nomination - Financial Times

Quick Summary:

Harris’s ascent to the Democratic nomination comes as her campaign said it had raised $310mn in July, eclipsing the funds raised by Donald Trump’s campaign last month, in a new sign that Democratic donors are eagerly jumping in to finance the vice-president’s White House bid.

The yield on the 10-year bond, which moves inversely to prices, fell to 2.13 per cent on Thursday while 30-year note yields dropped to 2.37 per cent.

Revenue for the greater China region declined again, falling 7 per cent to $14.7bn from $15.8bn a year earlier as the company continues to face competitive pressure and a ban from governmental use.