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Last Updated Apr 26, 2017 03:51PM

It’s apparently a lot of fun to bet against U.S. Treasuries. So much fun, in fact, that traders just keep doing it, regardless of how much money they lose in the process. Michael Hasenstab is a good e...

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  • Trader Luke Scanlon works on the floor of the New York Stock Exchange, Wednesday, April 26, 2017. Stock markets around the world made only modest moves on Wednesday, waiting to see what the White House has in store for U.S. tax policy. (AP Photo/Richard Drew) Stocks wobble as White House unveils tax plan
    New York • Stock indexes wobbled between modest gains and losses Wednesday, as the White House unveiled broad outlines of its plan to slash tax rates ...
    Updated Apr 26 2017 03:48 pm   |     |   Share
  • Edwards Lifesciences rises, U.S. Steel plunges
    New York • Stocks that moved substantially or traded heavily Wednesday: • United States Steel Corp., down $8.33 to $22.78 The steel maker lowered it...
    Updated Apr 26 2017 03:48 pm   |     |   Share
  • Coup co-founder Sother Teague mixes drinks for customers shortly after opening the bar, Tuesday, April 25, 2017, in New York. As a response to the Trump Administration, the bar in Manhattan’s East Village offers patrons the chance to put their money where their politics are by earmarking where the profits should go from a range of liberal or progressive options like the American Civil Liberties Union or Planned Parenthood. (AP Photo/Julie Jacobson) Anti-Trump bar earmarks profits for progressive causes
    New York • A new anti-Trump bar in New York City is giving patrons the chance to put their money where their politics are by earmarking profits for a ...
    Updated Apr 26 2017 02:36 pm   |     |   Share
  • FILE - In this April 8, 2017 file photo, shows a general view of London Stadium in London. British authorities arrested several men working in professional soccer on suspicion of tax fraud on Wednesday April 26, 2017, in a far-reaching case that saw raids in England and France. Premier League club West Ham said it was ’cooperating’ with the tax agency ’to assist their enquiries.’ (John Walton/PA via AP, File) Raids, arrests in Anglo-French soccer fraud probe
    London • Tax evasion and money laundering is suspected in the transfer of soccer players between England and France, authorities in both countries sai...
    Updated Apr 26 2017 02:33 pm   |     |   Share



MORE MONEY STORIES
  • Treasury Secretary Steve Mnuchin takes a question in the briefing room of the White House in Washington, Wednesday, April 26, 2017, where he discussed President Donald Trump tax proposals. (AP Photo/Andrew Harnik) Mnuchin: Trump has ‘no intention’ to release tax returns
    Washington • President Donald Trump “has no intention” of releasing his taxes returns to the public, Treasury Secretary Steve Mnuchin said Wednesday, ...
    Updated Apr 26 2017 02:22 pm   |     |   Share
  • Treasury Secretary Steven Mnuchin, joined by National Economic Director Gary Cohn, speaks in the briefing room of the White House in Washington, Wednesday, April 26, 2017. President Donald Trump is proposing dramatically reducing the taxes paid by corporations big and small in an overhaul his administration says will spur economic growth and bring jobs and prosperity to the middle class. (AP Photo/Carolyn Kaster) Trump plan cuts taxes for companies — people, too
    Washington • President Donald Trump proposed dramatic cuts in corporate and personal taxes Wednesday in an overhaul his administration asserts will sp...
    Updated Apr 26 2017 02:10 pm   |     |   Share
  • FILE - In this Friday, Aug. 12, 2005 file photo, Dr. Claudia Henschke, chief of the Division of Chest Imaging, right, and CT supervisor Gus Daphnis watch the lung scan of a patient at New York Hospital - Cornell Medical Center in New York. The test, called a spiral or helical CT scan, detects lung abnormalities as small as 5 millimeters, less than a fifth of an inch. In results published Wednesday, April 26, 2017 by Nature and the New England Journal of Medicine, researchers have taken an important step toward better lung cancer treatment. Using experimental tests that detect bits of DNA that tumors shed into the blood, they were able to track genetic changes in early-stage cases over time, and to find some recurrences up to a year before imaging scans could, giving a chance to try new therapy sooner. (AP Photo/Richard Drew) Blood test offers hope for lung cancer treatment
    Boston • Researchers have taken an important step toward better lung cancer treatment by using blood tests to track genetic changes in tumors as they ...
    Updated Apr 26 2017 02:13 pm   |     |   Share
  • Nordstrom: social media sting over $425 muddy jeans
    New York • Department store Nordstrom is getting dragged through the mud on social media for selling a pair of dirty-looking jeans for $425. Nordstrom...
    Updated Apr 26 2017 01:45 pm   |     |   Share
  • Yale Graduate Teachers belonging to Local 33 Unite Here International Union and their supporters march up Hillhouse Ave. in New Haven, Connecticut and rally at Yale President Peter Salovey’s House Tuesday evening, April 25, 2017, during a demonstration calling for Yale to start negotiating a contract with the Local 33 union.  (Peter Hvizdak/New Haven Register via AP) Yale grad students pledge hunger strike over union
    New Haven, Conn. • As a union push stalls at Yale University, organizers are stepping up pressure to bring the administration to the negotiating table...
    Updated Apr 26 2017 01:33 pm   |     |   Share
  • VA limits hiring, aiming to widen private care
    Washington • Despite the lifting of a federal hiring freeze, the Department of Veterans Affairs is leaving thousands of positions unfilled, citing the...
    Updated Apr 26 2017 01:41 pm   |     |   Share
  • Manufacturer removing relabeled Ivanka items
    New York • An apparel company says it accepts responsibility for Ivanka Trump clothing that was relabeled as a different designer. G-III Apparel Group...
    Updated Apr 26 2017 12:48 pm   |     |   Share
  • Americans spent $887B on outdoor play last year
    Americans value their opportunities to recreate in the great outdoors more than ever, as reflected in the latest Outdoor Industry Association economic...
    Updated Apr 26 2017 03:55 pm   |     |   Share
  • Salt Lake hotels thrived during March
    Utah hotels filled many more of their rooms this March than last. Occupancy rates last month reached 82.5 percent in Salt Lake County, up from 73.8 pe...
    Updated Apr 26 2017 03:55 pm   |     |   Share
  • In this Thursday, April 13, 2017, photo, a wild boar walks in a swamp, in Slidell, La. Feral hogs are believed to cause $76 million or more in damage across the state every year but in recent years a small Louisiana slaughterhouse has begun butchering the hogs and selling the product to grocery stores and restaurants as part of an effort to help control the hogs’ numbers. (AP Photo/Rebecca Santana) Feral hog slaughterhouse takes off in New Orleans
    New Orleans • In a region that takes food seriously, feral hogs are despised as destructive, but their rich, dark meat is winning fans among Louisiana...
    Updated Apr 26 2017 02:23 pm   |     |   Share
  • Arguments made for releasing 38 Studios records
    Providence, R.I. • The fight over whether to release secret grand jury records in the criminal investigation into Rhode Island’s $75 million deal with...
    Updated Apr 26 2017 11:51 am   |     |   Share
  • Insurer Anthem hands feds deadline on ACA
    Health insurers are pressing President Donald Trump and Congress to guarantee a crucial customer subsidy for the Affordable Care Act’s shaky insurance...
    Updated Apr 26 2017 11:48 am   |     |   Share
  • Justices hear dispute over lower-cost biotech drugs sales
    Washington • The Supreme Court on Wednesday considered a drug company’s fight to keep a generic version of its biotech drug off the market for an addi...
    Updated Apr 26 2017 01:37 pm   |     |   Share
  • FILE - In this Jan. 13, 2013, file photo, a sign for the Livestrong Foundation is seen at the charity’s headquarters in Austin, Texas. The Livestrong cancer charity continued its fundraising and contributions nosedive in 2015 for a third straight year after founder Lance Armstrong’s performance-enhancing drug scandal, but foundation officials insist a rebound has already started. (AP Photo/Jack Plunkett, File) Livestrong revenue was down, trending up now
    Austin, Texas • The Livestrong cancer charity saw a fundraising and contributions nosedive in 2015 for a third straight year after founder Lance Armst...
    Updated Apr 26 2017 11:39 am   |     |   Share
  • FILE - In this Sept. 22, 2010, file photo, a Blockbuster sign on a store is seen in Barre, Vt. The parents of an autistic Texas man recreated a Blockbuster for their son at their home after the story he visited twice a week closed on April 23, 2017. (AP Photo/Toby Talbot, File) Parents recreate beloved Blockbuster store for autistic son
    Sharyland, Texas • When an autistic Texas man’s favorite video store closed, his parents surprised him by bringing part of it home. HuffPost reports 2...
    Updated Apr 26 2017 11:14 am   |     |   Share
  • Hungarian Prime Minister Viktor Orban speaks during a plenary session at the European Parliament in Brussels on Wednesday, April 26, 2017. The European Union has launched legal action against Hungary over a new higher education law that critics say is aimed at shutting down a university founded by billionaire philanthropist George Soros. (AP Photo/Virginia Mayo) EU takes legal action over Hungarian university
    Brussels • Hungary’s prime minister on Wednesday dismissed concerns about his country’s new higher education law after the European Union launched leg...
    Updated Apr 26 2017 09:18 am   |     |   Share
  • FILE - In this July 9, 2015, file photo, Pepsi bottles are on display at a supermarket in Haverhill, Mass. PepsiCo Inc. reports earnings, Wednesday, April 26, 2017. (AP Photo/Elise Amendola, File) Higher prices help sales as PepsiCo adapts brands
    Purchase, N.Y. • Higher prices helped lift PepsiCo’s sales in the first quarter, as the maker of Doritos, Gatorade and Quaker worked on transforming i...
    Updated Apr 26 2017 09:15 am   |     |   Share
  • FILE - In this Wednesday, March 1, 2017, file photo, Reese’s miniature peanut butter cups are displayed in Hershey’s Times Square store, in New York. The Hershey Co. reports earnings Wednesday, April 26, 2017. (AP Photo/Mark Lennihan, File) Hershey tops profit forecasts, revenue falls short
    Hershey, Pa. • Hershey Co. on Wednesday reported a steep slide in first-quarter profit on a hefty charge, but the results still topped Wall Street exp...
    Updated Apr 26 2017 09:12 am   |     |   Share
  • Coke offers its namesake drink with fiber in Japan
    New York • Coke’s flagship cola is being sold as a health drink of sorts in Japan, with a version that promises to deliver fiber. The company noted th...
    Updated Apr 26 2017 09:09 am   |     |   Share
  • FILE - This Tuesday, May 6, 2014, file photo shows a sign outside Fiat Chrysler Automobiles world headquarters in Auburn Hills, Mich. Fiat Chrysler and Google said Tuesday, April 25, 2017, for the first time will offer rides to the public in the self-driving automobiles they are building under an expanding partnership. (AP Photo/Carlos Osorio, File) Fiat Chrysler profit up more than a third
    Milan • Carmaker Fiat Chrysler Automobiles reported Wednesday that its first-quarter earnings rose by more than a third mainly due to an improved perf...
    Updated Apr 26 2017 09:06 am   |     |   Share