Wall Street stocks bounced higher Friday following a pullback in US Treasury yields as markets braced for a looming US government shutdown.Data showed the personal consumption expenditures (PCE) price index rose 2.4 percent in the 12 months to November, up from 2.3 percent in October, the Commerce Department said in a statement.But the reading came …
Wall Street climbs as markets brace for possible govt shutdown Read More »
President Joe Biden’s administration said Friday that it has cemented deals for billions in funding to South Korean semiconductor giant Samsung Electronics and Texas Instruments to boost their chipmaking facilities in the United States.US officials have been working to solidify Biden’s legacy to bolster domestic semiconductor manufacturing ahead of President-elect Donald Trump’s White House return …
US confirms billions in chips funds to Samsung, Texas Instruments Read More »
Wall Street stocks bounced higher Friday despite data showing an uptick in inflation and a looming US government shutdown.Data showed the personal consumption expenditures (PCE) price index rose 2.4 percent in the 12 months to November, up from 2.3 percent in October, the Commerce Department said in a statement.The core reading of PCE price index — …
Wall Street rebounds despite US inflation ticking higher Read More »
Global stock markets slid on Friday as investors grow concerned about the economic outlook for next year and a looming US government shutdown.The latest US data failed to comfort those worries, with a slight increase in the Federal Reserve’s preferred gauge of inflation.The Fed this week trimmed US borrowing costs but signalled fewer cuts than …
European stock markets slid for a second session running Friday and the dollar dropped as investors grow concerned about the economic outlook for next year.All eyes will be on US inflation data later in the session to see if it alters interest-rate cut expectations for the world’s biggest economy.The Federal Reserve this week trimmed US …
European stocks retreat further before US inflation data Read More »
Equities fell Friday while the dollar maintained gains against its peers as investors assessed the fallout from the Federal Reserve’s revised outlook for interest rate cuts and prepared for a second Donald Trump presidency.Data showing Japanese inflation rose more than expected last month did little to help the yen, which took a hefty hit from …
Markets struggle as traders digest Fed’s hawkish pivot Read More »
China has lifted a ban on imports of Australian live rock lobsters, Canberra said Friday, demolishing the final barrier in a broader, multibillion-dollar trade war between the countries.Beijing has banned or slapped retaliatory tariffs on more than US$12 billion worth of Australian exports, from wine to timber, during years of soured ties with Canberra.The lobster …
China lifts rock lobster ban, bringing end to Australian trade barriers Read More »
Equities mostly fell Friday while the dollar maintained gains against its peers as investors assessed the fallout from the Federal Reserve’s revised outlook for interest rate cuts and prepared for a second Donald Trump presidency.Data showing Japanese inflation rose more than expected last month did little to help the yen, which took a hefty hit …
Asian markets struggle as traders digest Fed’s hawkish pivot Read More »
Chinese President Xi Jinping on Friday inaugurated a new Macau leader and called for the gambling hub to diversify its economy as the former colony marked 25 years since being returned to China.When the former Portuguese colony reverted to Chinese rule on December 20, 1999, Beijing promised that the city’s “capitalist system and way of life” …
China’s Xi urges Macau to pivot from casinos as new leader sworn in Read More »
Equities fluctuated Friday and the dollar maintained its gains against its peers as investors assessed the fallout from the Federal Reserve’s outlook for interest rate cuts and possible impact of Donald Trump’s presidency on the economy.Data showing Japanese inflation rose more than expected last month did little to help the yen, which took a hefty …
Asian markets mixed as traders digest Fed’s hawkish pivot Read More »
