Stock futures are drifting lower as investors pile on more safe-haven assets like the dollar and Treasurys.
The cash-killing BNY Mellon
The search for a safe haven just got even trickier. BNY Mellon announced on Thursday that it is to charge a fee on all those cash deposits piling in as investors flee risk assets.
Stocks set to slip after Fed’s announcement
Stock futures fell Wednesday as traders turned to buying Treasurys and gold after the Federal Reserve failed to take any immediate steps to help the economy.
Treasurys fall as Fed plans to ease debt purchases
Long-term Treasurys fell Wednesday after the Federal Reserve said it would wind down its purchases of government debt and as a surge in stocks lured investors away from safe-haven assets.
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