WASHINGTON − President-elect Donald Trump threatened the BRIC group of emerging-market nations on Saturday, warning that he would impose 100% tariffs if they make any moves to undermine the U.S. dollar. Trump’s comment, made on his Truth Social platform, is in apparent response to efforts to challenge or replace the U.S. dollar as the primary…
New York – U.S. stocks are drifting near their records Wednesday after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates. The S&P 500 rose 0.3% in afternoon trading, coming off its first loss since before Election Day last week. The Dow…
President-elect Donald Trump’s election as the 47th president of the United States sent Wall Street into a frenzy, driving major stock indexes to once again break record highs. Investors are betting that Trump’s potential policies — such as lower corporate and individual taxes, coupled with deregulation in the financial sector — will spur growth for…
As Donald Trump emerged victorious in the presidential election Wednesday, stock prices soared. As the stock market rose, the bond market fell. Stocks roared to record highs Wednesday in the wake of news of Trump’s triumph, signaling an end to the uncertainty of the election cycle and, perhaps, a vote of confidence in his plans…
U.S. stocks mostly extended their big post-election rally on Thursday, with all three major indexes touching record highs during the session after the Federal Reserve trimmed interest rates. The Fed lowered its short-term, benchmark fed funds rate by a quarter-percentage point to between 4.5% to 4.75%, down from a 23-year high of 5.25% to 5.5%…
If you are receiving Social Security benefits, the good news is the Cost of Living Adjustment — COLA — will increase in 2025, meaning you will receive a few more dollars in your Social Security benefit. The bad news is the increase is smaller than it has been in recent years. For example, the COLA…
For many Americans overwhelmed by student loan debt, the first week of October was bad. On Monday of that week, a yearlong grace period ended for student loan borrowers struggling to make payments since the pandemic pause lifted a year ago. Two days later, a separate program, meant to help borrowers in default get back…
America’s job market roared back in September, with U.S. employers adding a whopping 254,000 jobs, according to the Bureau of Labor Statistics. The number was higher than the average monthly gain of 203,000 over the previous 12 months, according the bureau, and the strongest reading since March. Food and drink industries, health care, government, social…
Federal Reserve Chair Jerome Powell on Monday said there’s “growing confidence” that inflation is moving toward the central bank’s 2% goal during a speech at the National Association for Business Economics conference in Nashville. Powell said that two further rate cuts are possible if the economy continues to perform as expected, though they are likely to…
New York – U.S. stock indexes are drifting around their records Friday as hopes hold that the economy can pull off the rare feat of getting painfully high inflation under control without a recession. The S&P 500 was 0.1% higher in early trading a day after setting an all-time high for the 42nd time this…