Is the fate of Big Tech starting to come into focus?
Details from a House subcommittee’s yearlong investigation are starting to leak. Plus, why bond yields are up, the ongoing effort to connect all of the U.S. to the internet and rethinking football stadium designs.
This composite photo shows, from left to right, Facebook CEO Mark Zuckerberg, Amazon CEO Jeff Bezos, Alphabet CEO Sundar Pichai and Apple CEO Tim Cook.
Chip Somodevilla, Matt Winkelmeyer, Justin Sullivan/Getty Images
Jeffrey Cleveland, chief economist at Payden & Rygel, says this is the result of the Fed keeping interest rates low and expectations that a new coronavirus relief package, if and when it is signed into law, would be funded at least in part by government bonds. “I think you could ask, ‘How are they going to pay for that?’ And the answer would be issuing more bonds,” Cleveland said.