Breaking News: Economy
Trump 2.0 could be bad news for global inflation, analysts say
US former President and 2024 Republican presidential candidate Donald Trump, a bandage on his ear after being wounded in an assassination attempt, attends the first day of the 2024 Republican National Convention at the Fiserv Forum in Milwaukee, Wisconsin, July 15, 2024. Brendan Smialowski | Afp | Getty Images A second presidential term for former […]
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Many Americans think they’re insulated from climate change. Their finances indicate otherwise
Key Points Just 55% of Americans believe global warming will “hurt them a moderate amount,” according to a new study by Stanford University and Resources for the Future. Climate change is already having a financial impact on most Americans, economists said. Higher insurance rates for homeowners, inflation for groceries, and lost earnings due to heat […]
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Hugo Boss shares plunge 9% as firm cuts 2024 guidance amid slumping China demand
Pedestrians walk past a German luxury fashion house Hugo Boss store in Shenzhen Bao’an International Airport. Alex Tai | SOPA Images | LightRocket | Getty Images) Hugo Boss shares plunged as much as 10% Tuesday after the company cut its sales outlook, becoming the latest high-end fashion line to warn of persistent woes in the […]
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Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates
Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., Powell referenced the idea that central bank policy works with “long and variable lags” to explain why the Fed wouldn’t wait for its target to […]
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Stocks making the biggest moves midday: Trump Media, Macy’s, Goldman, Coinbase and more
Check out the companies making headlines in midday trading: Humana , UnitedHealth Group — Health care insurers rose as a group Monday as the greater likelihood of a Donald Trump victory in this year’s presidential election raised hopes of fewer cost pressures. Shares of Humana and UnitedHealth Group gained around 1% each. Wolfe Research on […]
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Watch Fed Chair Jerome Powell’s remarks on interest rate policy and the economy
[The stream is slated to start at 12:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell is set to address the Economic Club of Washington, D.C., on Monday as traders look for hints about when the central bank will cut interest […]
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Markets expected to get a short-term boost after Trump survives shooting
Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, U.S., July 13, 2024. Brendan Mcdermid | Reuters U.S. stocks are expected to get a short-term boost in the aftermath of the attempted assassination of former President Donald Trump over the weekend, as analysts say […]
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With odds of a Trump win rising, here’s what it could mean for Europe’s economy
Former US President Donald Trump during a campaign event at Trump National Doral Golf Club in Miami, Florida, US, on Tuesday, July 9, 2024. Eva Marie Uzcategui | Bloomberg | Getty Images With markets in recent weeks cranking up their bets that Donald Trump will win the presidential election, Goldman Sachs economists say that another […]
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Ron Insana: Search to the U.S. for economic resilience and continued world-wide stock market place leadership
A trader will work on the flooring at the New York Stock Exchange (NYSE) in New York Town, U.S., July 3, 2024. Brendan Mcdermid | Reuters Americans have typically been accused, specially by individuals residing abroad, of acquiring a rather slim perspective of the planet. Americans’ choice for the U.S. also extends to investing, in […]
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With large prices and mortgage loan prices, aspiring and latest house owners sense ‘stuck’
A home out there for sale is revealed on Could 22, 2024 in Austin, Texas. Brandon Bell | Getty Photos When Rachel Burress moved into her mother’s house around a 10 years in the past, it seemed like a quick-phrase halt on the route to homeownership. The 35-12 months-outdated hairdresser spent all those yrs improving […]
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