World
Asia markets rise as investors assess U.S. inflation data, Japan business sentiment
Pedestrians walk past Japanese national flags decorating a street in the popular tourist area of Ginza as people do last minute shopping before the New Year’s holidays, in central Tokyo on December 30, 2024. Richard A. Brooks | AFP | Getty Images Asia-Pacific markets rose Wednesday, following a softer-than-expected inflation data from the U.S. that […]
Read More
U.S. stock futures are little changed as investors brace for key consumer inflation report: Live updates
Traders work on the floor of the New York Stock Exchange on Jan. 10, 2025 in New York City. NYSE Stock futures hovered near the flatline on Tuesday night as traders looked ahead to the release of December’s consumer price index, a key gauge of inflation. Futures tied to the Dow Jones Industrial Average rose […]
Read More
SEC sues Elon Musk, alleging failure to properly disclose Twitter ownership
Beata Zawrzel | Nurphoto | Getty Images The SEC filed a lawsuit against Elon Musk on Tuesday, alleging the billionaire committed securities fraud in 2022 by failing to disclose his ownership in Twitter and buying shares at “artificially low prices.” Musk, who is also CEO of Tesla and SpaceX, purchased Twitter for $44 billion, later […]
Read More
Trump says he’ll create ‘External Revenue Service’ to collect tariffs, foreign revenue
U.S. President-elect Donald Trump makes remarks at Mar-a-Lago in Palm Beach, Florida, U.S. Jan. 7, 2025. Carlos Barria | Reuters President-elect Donald Trump on Tuesday said he will create an “External Revenue Service” to collect “Tariffs, Duties and all Revenue from Foreign sources.” Trump did not give any further details about the proposed government entity. […]
Read More
JPMorgan’s view on Wednesday’s inflation reading and how the stock market will react
The short-term direction of stocks hinges on Wednesday’s inflation report, and JPMorgan broke down how the market will react to different numbers. The Bureau of Labor Statistics is set to release its closely watched reading on the December consumer price index at 8:30 a.m. ET. That’s expected to show 0.3% monthly gains on both the […]
Read More
Why Vanguard likes a 40/60 portfolio to boost returns over the next decade
Investors looking to boost returns in the coming years may want to consider upping their bond allocations, according to Vanguard. The asset manager has a model portfolio that’s overweight on fixed income, reflecting a roughly 40% allocation toward equities and 60% in bonds. In particular, it’s overweight on U.S. credit and U.S. long-term bonds compared […]
Read More
Budget deficit rose in December and is now 40% higher than it was a year ago
A view from the United States Department of the Treasury building in Washington DC, United States on December 30, 2024. The US Treasury Department was cyberattacked by a Chinese state-sponsored actor in early December. Celal Gunes | Anadolu | Getty Images The federal budget sank further into red ink during December, leaving the first fiscal […]
Read More
Elon Musk, Mark Zuckerberg and Jeff Bezos will attend Trump inauguration, NBC reports
Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024. Anna Moneymaker | Getty Images Tesla and SpaceX CEO Elon Musk, Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos will attend President-elect Donald Trump’s inauguration, NBC News reported on Tuesday. They will be seated on the platform near […]
Read More
Morgan Stanley notes another threat to the market besides rates and gives stocks that are immune
With 2025 having just begun, the U.S. dollar has already emerged as the topic du jour for the new year. The greenback has strengthened in value over the last few months, spurred by President-elect Donald Trump’s proposed economic tariffs. Since the November election, the U.S. dollar index — which measures the U.S. currency against a […]
Read More
Inflation watch: Wholesale prices rose 0.2% in December, less than expected
Customers shop for clothing at a Costco store on December 11, 2024 in Novato, California. Justin Sullivan | Getty Images A measure of wholesale prices increased less than expected in December, providing indication that pipeline inflation pressures eased to close the year. The producer price index rose just 0.2% on the month, less than the […]
Read More