November PCE: Key fed inflation gauge rose 2.4% annually
1 of 4 | The Personal Consumption Expenditures index climbed by 0.1% in November on a month-over-month basis and 2.4% from the same period last…
Stocks plunge as Federal Reserve’s tilt triggers ‘Black Wednesday’
Fed sparks market rout: Wall Street plunged, the dollar hit two-year highs, and Treasury yields spiked as Powell struck a hawkish tone, warning of inflation…
224,000 file for unemployment benefits for first time
Thousands of job seekers stand at the site of Amazon's future headquarters at a "career day" in Crystal City, Virginia on September 17, 2019. The…
Could a Trump administration challenge the Fed’s independence?
Donald Trump's proposed tariffs and tax cuts could drive inflation, pressuring the Federal Reserve toward a hawkish stance. Trump has also expressed intent to influence…
IRS releases 2025 contribution limits
The Internal Revenue Service on Friday announced the 2025 contribution limits for 401(k) and Individual Retirement Arrangement plans. Source link
Retail sales increase 0.4% in September
Retail sales in September beat out Wall Street forecast, increasing a seasonally adjusted 0.4% in the month, topping the unrevised total of 0.1% in August,…
Where to look for top-performing European stocks as interest rates drop
As interest rates fall, European stocks in sectors such as financials, consumer discretionary, and industrials tend to outperform. These sectors benefit from lower borrowing costs,…
Wholesale inflation flat in September, up 1.8% from a year ago and lower than expected
In another sign of easing U.S. inflation, Producer Price Index September wholesale inflation was unchanged Friday, lower than the 0.1% expected by surveyed Dow economists.…
First time unemployment benefit filers set 2024 record
Oct. 10 (UPI) -- The number of people filing for unemployment benefits rose dramatically last week to their highest point in more than a year…
Week ahead in the markets: Tensions in the Middle East remain in focus
This week, geopolitical tensions in the Middle East, the trajectory of US inflation, and insights from central bank meetings will be in focus, shaping future…
Markets week ahead: Spotlight on eurozone inflation and US employment data
This week, markets will focus on upcoming economic data, including eurozone inflation, US non-farm payrolls, and China’s business activity figures. This data will be critical…
U.S. weekly jobless claims fall to four-month low of 218,000
Employment seekers line up as a job fair opens on August 24, 2011, in Lombard, Illinois. Those seeking initial unemployment benefits dropped to 218,000 last…
Dow finishes week in record territory following Fed’s interest rate cut
Pedestrians walk near the New York Stock Exchange in New York City on Wednesday as the Federal Reserve Board announced its first interest rate cut…
What the Fed’s jumbo rate cut means for European and global markets
The Fed's substantial rate cut could result in a further loosening of global liquidity, prompting a shift in capital across asset classes and stock sectors.…
Federal Reserve expected to cut interest rates for first time since 2020
Jerome Powell, chairman of the Federal Reserve testifies at the Senate Banking, Housing, and Urban Affairs hearing on March 7, 2024. The Fed Board meets…
Jobs report: U.S. economy added 142,000 jobs in August, misses expectations
A "now hiring" banner is seen outside Hudd Transportation in South Gate, California on January 27, 2021. The Labor Department said the economy created 142,000…
Eurozone retail sales rebound in July as euro strengthens against US dollar
Eurozone retail sales rose by 0.1% in July, rebounding from a June decline. The euro strengthened to 1.11 against the dollar, driven by US Fed…
Berkshire Hathaway becomes 9th company to hit $1 trillion capitalization
Warren Buffett's Berkshire Hathaway Wednesday became the 9th company in the world to surpass $1 trillion capitalization. Buffett's company had a record $277 billion in…
Why has the euro rallied to a 13-month high against the dollar?
The euro has surged to a 13-month high against the dollar, benefiting from four weeks of gains as the Federal Reserve signals upcoming rate cuts.…
Pound soars to 29-month high following Fed rate cut signal at Jackson Hole
The British pound surged to its highest level against the US dollar given the Bank of England's less dovish stance compared to that of the…