WASHINGTON — After days of threats and demands, Donald Trump had little to show for it once lawmakers passed a budget deal in the early hours of Saturday, narrowly averting a pre-Christmas government shutdown. What You Need To Know The president-elect successfully pushed House Republicans to jettison some spending, but he failed to achieve his central goal of raising the debt…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The messy process of trying to avert a U.S. government shutdown offers investors a glimpse into challenges the incoming Trump administration will face in implementing its agenda, adding a market concern for the coming year. While the showdown has so far not rattled markets, investors said it…
US stock futures pointed to another rough day on Wall Street Friday after the House of Representatives voted against a Trump-backed spending bill, further increasing the odds of a US government shutdown this weekend. Investors also digested key inflation data that showed a deceleration in price increases during the month of November after the Federal…
Investors this morning will closely be monitoring a key inflation report set to shape future monetary policy. The Federal Reserve’s preferred inflation gauge, the core Personal Consumption Expenditures (PCE) index, which strips out volatile food and energy costs, is expected to have risen 0.2% month over month in November after prices rose 0.3% in October,…
By Iain Withers and Stella Qiu LONDON/SYDNEY (Reuters) -Global stocks slid on Friday ahead of a possible U.S. government shutdown, while European shares came under fire after Donald Trump threatened to impose tariffs if consumers in the region did not increase their purchases of U.S. oil and gas. A key read of U.S. inflation later…
This is a published version of the Forbes Daily newsletter, you can sign-up to get Forbes Daily in your inbox here. Good morning, When Forbes first ranked the Wealthiest Black Americans in 2009, only one was a billionaire: Oprah Winfrey, then worth an estimated $2.7 billion. But net worth isn’t the only way to measure…