Texas Attorney General Ken Paxton dropped his threat to cut off big US banks from municipal-bond deals after a slew of Wall Street firms exited a controversial climate-finance alliance.
Gold fell for a second day as comments from Federal Reserve officials over the weekend reinforced the view the US central bank will take a more cautious approach to cutting rates in 2025.
Federal Reserve governor Lisa Cook said Monday it makes sense to lower interest rates more gradually given resilience in the job market and stickier-than-expected inflation.
Inflation has been one of the top concerns for the US economy in 2024. And it looks like fears over sticky prices will continue in 2025.
Todays U.S. economy is much different than the one that was crushed by disastrous tariffs in the 1930s, according to finance professor Michael Pettis, who thinks tariffs could boost U.S. jobs, wages, and living standards.
On Thursday, gold futures (GC=F) jumped more than 1% to hover above $2,670 an ounce, their highest level since mid-December, as investors welcomed a new year with expectations of at least a couple more Federal Reserve interest rate cuts and more bullion p
Chinas CSI 300 index had its worst start of a year since 2016. Investors are bracing for more economic pain for China in the new year. Traders will watch for more stimulus from Beijing and brace for the potential impact of US tariffs.
Oil edged higher in the first session of the new year after an industry report signaled US crude stockpiles continued to shrink.
After two consecutive years of more than 20% gains for the S&P 500 (^GSPC) — an achievement not seen since the late 1990s — Wall Street strategists foresee a slower pace of gains for the benchmark index in 2025.
How do you talk about 2024 without mentioning artificial intelligence? This was the year that AI came roaring into the collective consciousness and promised to thoroughly rework just about everything human beings do.
Former President Jimmy Carter died Sunday at the age of 100 at his home in Plains, Georgia, the Carter Center said. Carter served one term as the 37th president of the United States from 1977 to 1981 but lived longer than any other US president.
While political crisis looms large over South Korea’s $1.6 trillion equity market heading into 2025, the artificial intelligence boom and Donald Trump’s presidency remain key factors for stock pickers.
On Dec. 31 at one minute before midnight, the Waterford Crystal Times Square New Year’s Eve Ball will begin its slow descent to mark 2025.
Singapores key consumer price gauge rose 1.9% in November on a yearly basis, lower than economists forecasts and the smallest rise in nearly three years, official data showed on Monday.
President-elect Donald Trump has doubled down on many of his economic promises in the weeks since his victory but will head into 2025 set to face formidable global players who may have other plans.
