The Federal Reserve's signal on Wednesday that its interest rate hiking campaign is over triggered a drop in bond yields and a rash of market bets on U.S. rate cuts next year, marking a
The average interest rate on the most popular U.S. home loan fell this week to below 7% for the first time since August as Treasury market yields dropped sharply after the Federal Reserve
U.S. business inventories unexpectedly fell in October, suggesting that inventory investment could weigh on economic growth this quarter.
U.S. import prices fell for a second straight month in November amid decreases in the costs of energy products and motor vehicles, suggesting that import deflation could help to
A look at the day ahead in U.S. and global markets from Mike Dolan Judged by the sharp drop in the dollar, European central banks may find it hard to match the dovishness from the Federal Reserve
The Hong Kong Monetary Authority (HKMA) on Thursday left its base rate charged through the overnight discount window unchanged at 5.75%, tracking a move by the U.S.
The Federal Reserve held interest rates steady on Wednesday and signaled in new economic projections that the historic tightening of U.S. monetary policy engineered over the last
HSBC said on Wednesday it expects the U.S. benchmark S&P 500 index to end 2024 at 5,000 points, representing an around 8% upside to the last close.
World Bank chief economist Indermit Gill on Wednesday said past experience showed that interest rates may stop going up, but they are unlikely to come down "anytime soon," which
A look at the day ahead in U.S. and global markets from Mike Dolan As Wall St waited optimistically for the Federal Reserve's latest nods and winks on future policy, Argentina took a
The U.S. federal budget deficit jumped 26% in November from a year earlier to $314 billion, a record for the month and the highest since March, the Treasury Department said on
A look at the day ahead in U.S. and global markets from Mike Dolan Tuesday's consumer price inflation update may not have to wow the gallery to keep the U.S. disinflation glow alive and persuade the
The International Monetary Fund's No. 2 official on Monday warned that fragmentation in the global economy and clear shifts in underlying bilateral trade could trigger a "new
Since 1994 when the Federal Reserve first began issuing a statement announcing actions taken at each monetary policy meeting, it has initiated new interest-rate cutting cycles or has
A look at the day ahead in U.S. and global markets from Mike Dolan The final sweep of major central banks meetings of 2023 this week is unlikely to involve any change of policy rates but may act as a
A look at the day ahead in European and global markets from Wayne Cole It's set to be a pivotal week as the Federal Reserve leads a quintet of rich-world central bank meetings that will test market
U.S. officials have begun informal talks to prepare for new negotiations on the North American Free Trade Agreement (NAFTA), David Cohen, the country's ambassador to Canada, told CBC News
U.S. job growth accelerated in November and the unemployment rate dropped to 3.7% even as more people entered the labor force, pointing to underlying strength in the labor market.
U.S. equity funds witnessed outflows for a second straight week in the seven days to Dec. 6 on some investor caution ahead of economic data which could provide more insights about the
A look at the day ahead in U.S. and global markets from Mike Dolan With investors trying to read recessionary warnings from softening U.S. labor market signals all week, the outsize importance of the
Global bond funds saw significant inflows in the seven days to Dec. 6, amid growing expectations of interest rate cuts in the U.S. and Europe and signs of inflation waning.
The European Union is considering reopening a case at the World Trade Organization against the United States over a steel and aluminum dispute that saw the allies hit each other with
The last big central bank push of the year is here with the Fed, the ECB and the Bank of England among the big hitters meeting while markets try to discern if a U.S. recession is
U.S. Treasury Secretary Janet Yellen said on Thursday the U.S.
UAW urges Stellantis workers to authorize strike, accuses car maker of breaching contract
Binance founder Zhao released from US custody, Bloomberg News reports
Brazil's top court imposes new fine before allowing X to resume service
South Korea's foreign minister says Russia engaging in illegal arms trade with North Korea
Israeli airstrikes rock Beirut, Hezbollah command centre hit
Canada booking seats on commercial flights to help citizens flee Lebanon
LVMH deal spurs rally in Moncler, speculation about luxury sector M&A
Assets in actively managed ETFs top $1 trillion worldwide
OpenAI sees $11.6 billion revenue next year, offers Thrive chance to invest again in 2025
Timberwolves agree to trade Towns to Knicks for Randle, DiVincenzo, 1st-rounder, AP source says
Royals complete remarkable turnaround, making playoffs coming off 106-loss season
What White Sox owner Jerry Reinsdorf can learn from the last team to lose 120 games