Stock market, central bank and economic news: indices, rates, inflation, currencies and the data driving global markets.
Financial markets showed resilience Tuesday morning despite President-elect Donald Trump’s unexpected announcement of potential new tariffs, with U.S. stock futures indicating modest gains at the opening bell. In a late Monday post on Truth Social, Trump outlined plans to impose substantial tariffs on major trading partners, including
Mortgage rates continued their upward trajectory last week, reaching 6.84% for 30-year loans, as housing market observers wrestle with uncertainty surrounding future Trump administration policies. The sustained increase in rates since September has dampened hopes for a significant revival in home buying activity, despite earlier optimism following the
Financial markets demonstrated strong momentum early Monday as investors responded positively to President-elect Donald Trump’s selection of Scott Bessent as Treasury Secretary. The appointment of the billionaire hedge fund manager, who is well-regarded in financial circles, appears to have calmed concerns about some of the incoming administration’
Financial expert and radio personality Dave Ramsey is cautioning Americans about potential challenges facing the Social Security system, urging workers to diversify their retirement planning strategies rather than relying solely on federal benefits. According to Ramsey’s analysis of a Social Security Administration (SSA) report, the federal program’s trust
Financial markets displayed cautious sentiment Friday as U.S. stock futures edged lower, though major indexes remained positioned for modest weekly gains. The day’s trading dynamics were heavily influenced by international developments, particularly concerning events in Europe and evolving geopolitical tensions. Following Thursday’s positive session, where the S&
Financial markets displayed weakness early Tuesday as escalating tensions between Russia and Ukraine drove investors toward safer assets. The heightened concerns emerged after Russian President Vladimir Putin endorsed a new nuclear doctrine, responding to reports that U.S. President Joe Biden had authorized Ukraine to employ American-made missiles for
Recent data indicates a shift in sentiment within the housing market, as both consumers and builders display renewed optimism despite ongoing challenges. This change comes in the wake of Federal Reserve interest rate adjustments and increased clarity around the political landscape. The housing sector, which enjoyed relative stability and historically
Financial expert and radio personality Dave Ramsey has issued stark warnings to Americans regarding their retirement planning, particularly concerning Social Security and 401(k) investments. In his recent statements, Ramsey emphasized the risks of depending primarily on government assistance for retirement income. According to Ramsey, expecting the government to serve
Financial expert Dave Ramsey has issued stark warnings to Americans regarding their retirement planning, particularly concerning Social Security and 401(k) investments. The renowned personal finance advisor emphasizes the critical importance of building substantial retirement savings beyond relying on government benefits. Ramsey’s message is particularly pointed when it comes
Market participants faced heightened anticipation ahead of Wednesday’s Consumer Price Index (CPI) report, reflecting ongoing sensitivity to inflation metrics that will likely persist through 2025. The latest data revealed annual inflation at 2.6%, while core inflation, excluding volatile food and energy components, registered at 3%. Financial markets responded
Recent survey data from TD reveals that younger investors are more likely to modify their investment portfolios ahead of the 2024 presidential election compared to their older counterparts. This comes at a time when the financial landscape has seen significant changes, including the Federal Reserve’s first interest rate cuts
China’s largest annual shopping event, Singles’ Day, is experiencing a notable decline in consumer enthusiasm amid challenging economic conditions in the country. The promotional event, which was established in 2009 by e-commerce giant Alibaba, has traditionally generated sales figures that dwarf both Black Friday and Cyber Monday combined.
