Donald Trump seemed poised to inherit a relatively strong economy when he begins a second term in the White House in January
December 20, 2024
U.S. stocks rose to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one
December 20, 2024
Oil prices settled little changed on
December 20, 2024
Wall Street surged on Friday and the dollar softened as cooler-than-expected inflation data helped investors look past the possibility of a government shutdown and
December 20, 2024
The U.S. dollar pulled back from a two-year high on Friday, but was heading for its third-straight week of gains, with data showing a slowdown in inflation two
December 20, 2024
A slightly more hawkish set of Federal Reserve regional bank presidents will become voters on the U.S. central bank's rate-setting panel in 2025, raising the chance that any
December 19, 2024
U.S. mortgage rates increased this week following three straight weekly declines and could rise further after the Federal Reserve projected fewer interest rate cuts in 2025,
December 19, 2024
The International Monetary Fund views Wednesday's Federal Reserve interest rate cut and adoption of a more cautious outlook as appropriate given high U.S.
December 19, 2024
The Federal Reserve Bank of New York on Thursday said it will add an extra operation of its standing repo facility in the days covering the end of the calendar year into early January.
December 19, 2024
A gauge of manufacturing activity in the U.S.
December 19, 2024
The U.S. economy grew faster than previously estimated in the third quarter, driven by robust consumer spending.
December 19, 2024
The number of Americans filing new applications for jobless benefits fell more than expected last week, almost reversing the prior two weeks' increases and
December 19, 2024
The Bank of England wrapped up a big year of central bank rate cuts by keeping rates steady on Thursday, a day after the Federal Reserve
December 19, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan Although the Federal Reserve's "hawkish cut" on Thursday had been broadly expected, markets now fear 4% policy rates will be the
December 19, 2024
U.S. stocks ended little changed on Thursday, giving up an initial rebound from a sharp drop in the prior session after the Federal Reserve forecast fewer-than
December 19, 2024
Central banks from Brazil to Indonesia scrambled to defend their struggling currencies on Thursday, hours after the Federal Reserve jolted
December 19, 2024
European stocks fell on Thursday, with the benchmark STOXX recording its biggest single-day drop since early November as investors fled riskier assets
December 19, 2024
The rally in U.S. stocks is encountering a fresh hurdle -- a potentially problematic rise in Treasury yields as the Federal Reserve signals
December 19, 2024
An early rebound for U.S. stocks petered out by the end of the day, leaving indexes close to flat
December 19, 2024
Foreign investors divested Japanese stocks significantly in the week through Dec. 14, exercising caution ahead of policy meetings by the U.S.
December 19, 2024
The South Korean won dropped to its weakest level in 15 years on Thursday, weighed down by risk-averse sentiment after the U.S.
December 19, 2024
The end of the Federal Reserve's interest rate-cutting cycle is suddenly in sight, and a complete U-turn with rate hikes next year can no longer be ruled
December 19, 2024
Wall Street stumbled to a close Thursday, ending nearly flat after an earlier rally ran out of steam late in the session as investors continued to parse the
December 19, 2024
The dollar hovered near its two-year high on Thursday after the Federal Reserve cut interest rates and signaled a
December 19, 2024
The imminent arrival of Donald Trump in the White House was already shaping global economic policy-making this week as the U.S.
December 19, 2024
The Hong Kong Monetary Authority (HKMA) on Thursday cut its base interest rate charged via the overnight discount window by 25 basis points to 4.75%, tracking a move by the U.S.
December 18, 2024
A look at the day ahead in Asian markets. The Federal Reserve has spoken, and as far as investors are concerned, the message was clear - clearly hawkish.
December 18, 2024
U.S. stocks plunged on Wednesday after the Federal Reserve cut interest rates by a quarter of a percentage point and the central bank's economic projections signaled a slower pace of cuts
December 18, 2024
By Michael S.
December 18, 2024
Dow plunges more than 1,100 points and marked its longest losing streak since 1974
December 18, 2024
The Federal Reserve started cutting interest rates in September of 2024. Since then, the average credit card interest rate has barely come down. CNN's Vanessa Yurkevich asks Bankrate's Ted Rossman when credit card rates might move lower and what people with credit card debt should do.
December 18, 2024
By Michael S.
December 18, 2024
Most central banks of the Gulf Cooperation Council cut key interest rates on Wednesday, following the Federal Reserve's decision to reduce U.S. rates
December 18, 2024
The U.S.
December 18, 2024
The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses
December 18, 2024
Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, priced in on Wednesday that the Federal Reserve
December 18, 2024
By Michael S.
December 18, 2024
U.S. central bankers on Wednesday issued fresh projections calling for two quarter-point interest-rate cuts next year amid rising inflation, a forecast consistent
December 18, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan For all the extreme bullishness about 2025, Wall Street is just a bit edgy as the Federal Reserve looks set to deliver its final
December 18, 2024
U.S. stocks plunged on Wednesday, with all three major indexes posting their biggest daily decline in months, after the Federal Reserve cut interest rates by a
December 18, 2024
The Federal Reserve will conclude its final meeting of 2024 on Wednesday, and next year will likely be Fed Chair Jerome Powell's last full one at the helm of
December 18, 2024
By Michael S.
December 18, 2024
Key takeaways from the Fed’s third rate cut
December 18, 2024
European share indices closed up on Wednesday, boosted by technology stocks and French automaker Renault, though gains were capped on caution ahead of
December 18, 2024
The U.S. central bank cut interest rates on Wednesday, as expected, but Federal Reserve Chair Jerome Powell said more reductions in borrowing
December 18, 2024
A look at the day ahead in European and global markets from Vidya Ranganathan As a host of major central banks hold policy meetings over the next 24 hours, the U.S.
December 18, 2024
U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought
December 18, 2024
The Federal Reserve cut its key interest rate by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-elevated inflation
December 18, 2024
Wall Street closed sharply lower on Wednesday, with the Dow falling over 1,100 points after the U.S.
December 18, 2024
Oil prices settled higher on Wednesday after U.S. crude inventories fell and the U.S.
December 18, 2024
The U.S. dollar advanced against its peers on Wednesday, hitting its highest level in two years, after the Federal Reserve delivered a widely expected interest
December 18, 2024
A look at the day ahead in Asian markets.
December 17, 2024
U.S. retail sales increased more than expected in November as households stepped up purchases of motor vehicles and online merchandise, consistent with strong
December 17, 2024
Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season
December 17, 2024
By Sarupya Ganguly BENGALURU - U.S.
December 17, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan Even with another Federal Reserve interest rate cut this week baked in to market pricing, U.S.
December 17, 2024
Since Donald Trump's election to a second term last month, Federal Reserve policymakers including Chair Jerome Powell have said it is too soon to factor in the U.S.
December 17, 2024
South Africa's rand weakened against a stronger dollar on Tuesday as investors turn their attention to the Federal Reserve's interest rate decision.
December 17, 2024
U.S. stock indexes trimmed some of their stellar gains for the year
December 17, 2024
The U.S. dollar gained against major currencies on Tuesday following better-than-expected retail sales data that showed underlying economic momentum while markets
December 17, 2024
Bond investors, expecting the Federal Reserve to cut interest rates by a quarter of a percentage point on Wednesday, are bracing for the central bank to
December 16, 2024
The Nasdaq closed at a record high on Monday and the S&P 500 also rose as investors gauged the latest economic data while looking toward the Federal Reserve's
December 16, 2024
A look at the day ahead in European and global markets from Wayne Cole.
December 16, 2024
The U.S. dollar edged higher against major currencies in choppy trading on Monday, as investors eyed interest rate decisions from
December 16, 2024
Oil futures slipped from the highest levels in several weeks on Monday on weakness in consumer spending in China, the world's largest oil importer, and as
December 16, 2024
Megacap tech shares muscled the S&P 500 and the Nasdaq to higher closes on Monday as U.S.
December 16, 2024
Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting
December 15, 2024
A banner year for U.S. stocks gets one of its last big tests with the coming week’s Federal Reserve meeting, as investors await the central bank's guidance on
December 13, 2024
U.S. import prices barely rose in November as increases in the costs of food and fuels were partially offset by decreases elsewhere thanks to a strong dollar,
December 13, 2024
U.S. investors snapped up equity funds for a sixth consecutive week through Dec. 11, spurred by the potential for a Federal Reserve interest rate cut at the upcoming meeting, amid signs of
December 13, 2024
Global equity funds attracted inflows for an 11th successive week through Dec. 11, supported by signs that a cooling U.S. labor market and stable consumer prices might facilitate a third
December 13, 2024
Investors view it as a near given that the U.S.
December 13, 2024
A look at the day ahead in U.S. and global markets by Samuel Indyk The stellar year for U.S. stock markets took a bit of a breather on Thursday, perhaps expected after a rally that has led the Nasdaq
December 13, 2024
The end of the year is almost in sight for traders, yet the last mile will be anything but slow.
December 13, 2024
A look at the day ahead in European and global markets from Stella Qiu The rash of rate cuts over the past few days, with outsized 50 bp moves in Switzerland and Canada and a 25 bp easing by the
December 13, 2024
The dollar headed for its best weekly performance in a month on Friday, as investors priced in the possibility of the Federal Reserve cutting rates more slowly next
December 13, 2024
Oil prices climbed about 2% on Friday to settle at a three-week high, on expectations that additional sanctions on Russia and Iran could tighten supplies and that
December 13, 2024
The U.S.
December 12, 2024
By Michael S.
December 12, 2024
Wall Street executives at the Reuters Next conference in New York expect a $7-trillion cash pile that proved invulnerable to falling interest rates in 2024 to start melting next year as
December 12, 2024
One of the many curiosities of 2024 has been how global stocks have surged so strongly even as central banks have drained liquidity from the system.
December 12, 2024
U.S. producer prices increased by the most in five months in November, but easing costs of services such as portfolio management fees and airline fares offered
December 12, 2024
Traders of interest-rate futures that settle to the Federal Reserve's policy rate added to bets the central bank rate will cut borrowing costs next week and follow up next year with
December 12, 2024
Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago
December 12, 2024
The number of Americans filing new applications for jobless benefits unexpectedly rose last week and more people continued to collect unemployment checks at the end of November
December 12, 2024
Wall Street pulled back on Thursday as investors evaluated key economic indicators ahead of the Federal Reserve's meeting next week.
December 12, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan With interest rates tumbling across the world and set to fall stateside again next week too, Wall Street stocks are sizing up one of
December 12, 2024
U.S. stock indexes fell following some potentially discouraging data on the economy
December 12, 2024
Global stocks were down and major Wall Street indexes fell on Thursday after the European Central Bank cut interest rates for a fourth
December 12, 2024
A look at the day ahead in Asian markets.
December 11, 2024
The Nasdaq Composite Index hit 20,000 for the first time on Wednesday, putting an exclamation point on a year in which
December 11, 2024
The Nasdaq breached the 20,000-point mark on Wednesday, as a rally in technology stocks showed no signs of slowing on hopes of looser regulation under Donald Trump's presidency and bets on
December 11, 2024
U.S. consumer prices increased by the most in seven months in November, but that is unlikely to discourage the Federal Reserve from cutting interest rates for a third time next week against
December 11, 2024
U.S. consumer prices increased in November by the most in seven months, but the Federal Reserve was still expected to deliver a third consecutive interest rate
December 11, 2024
Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead
December 11, 2024
Wall Street's benchmark S&P 500 index rose on Wednesday and a rally in tech stocks lifted the Nasdaq above the 20,000-point
December 11, 2024
Wall Street got back to climbing after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve
December 11, 2024
The dollar was higher on Wednesday after U.S. price data came in line with forecasts, reinforcing expectations the U.S.
December 11, 2024
Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated
December 11, 2024
Trump Treasury pick Bessent to divest assets to avoid conflicts, NY Times reports
Stelter: ‘Zuckerberg wants to get off Trump’s enemy list’
Far-right party's convention draws protests as Germany's election campaign warms up
Mayotte on red alert again as another cyclone heads toward the French territory off Africa
Moldova's separatist Transdniestria region reduces blackouts
A powerful potential challenger to SpaceX’s rocket dominance is poised to launch
Texans intercept Herbert a career-high 4 times in a 32-12 win over Chargers in wild-card playoff
Texans get 2 points on blocked extra point return vs. Chargers, 1st in NFL playoff history
Clear skies and clear minds: Rams regroup in Arizona to prepare for playoff game vs. Vikings