Fed Rate Cuts Are Over, BofA Says. Why Hikes Could Be Back on the Table.
Progress on bringing down inflation has stalled. Economic activity is robust. And now Friday’s employment report shows the labor market is solid. All of that leads economists at Bank of America to ...
Jobs Report Shows the Economy Is Strong. Why the Stock Market Is Falling Anyway.
Wall Street’s reaction to the strong December jobs report shows just how much bond yields and interest-rate expectations are driving the stock market these days. The Dow was down 630 points, or 1.5%, ...
Italy PM Offers Lebanon's New President Support
Italy's Prime Minister Giorgia Meloni offered her support on Friday for new Lebanese President Joseph Aoun, saying he would be a "trustworthy" leader for the country.
UK Sanctions Two Russian Oil Giants Including Gazprom Neft: Govt
The UK government on Friday announced sanctions against Russian oil giants Gazprom Neft and PJSC Surgutneftegas, saying their profits were "lining Putin's war chest and facilitating the war".
Stock Market News: S&P 500 Falls Sharply After Strong December Jobs Report
U.S. stock futures were retreating before the market opened on Monday. The bounce from the start of the year is quickly fading away.
Jobs Report Today: December Hiring Smashes Estimates
Payrolls: 256,000 jobs added in December vs. 153,000 expected, according to economists surveyed by FactSet. Unemployment rate ...
US Unveils Sweeping Sanctions Against Russia's Energy Sector
The United States announced widespread sanctions against Russia's energy sector Friday, designating more than 180 ships and two major oil companies just days before outgoing President Joe Biden leaves ...
Dow Slides 600 Points After Jobs Report, Sentiment Data
As if a hot jobs report wasn’t enough, the stock market fell sharply again after the University of Michigan’s latest survey showed an uptick in inflation expectations. The Dow was down 600 points, or ...
China Downplays Deflation Troubles. Bond Vigilantes Aren’t Buying It.
Aging populations, as Japan taught us, are inherently deflationary. Folks in their 70s don’t spend the way 20-somethings do.
Lebanon PM To Visit New Damascus Ruler On Saturday
Lebanon's Prime Minister Najib Mikati will on Saturday make his first official trip to neighbouring Syria since the fall of president Bashar al-Assad, his office told AFP.
December’s Blowout Jobs Report Signals a Fed Pause
Soaring payroll growth and low unemployment in December are more than likely to keep the Federal Reserve from cutti ...
Consumer Sentiment Slips. Inflation Expectations Climb to Highest Since May '24.
U.S. consumers are kicking off the new year in a downbeat mood as inflation expectations jumped. The University of Michigan’s consumer sentiment index ticked down to a reading of 73.2 in the first few ...