U.S. stocks rallied sharply on Friday, sending the Dow Jones Industrial Average above the historic 50,000 level for the first time, as investors piled back into the market after a volatile week filled with sharp swings and tech-driven uncertainty. Markets Jump as Investors Shake Off a Rocky Week Wall Street finished the week on a … Read more
Key Points Gold and silver prices rocketed to fresh all-time highs on Monday, setting the tone for what could be a dramatic finish to the year. Gold futures were recently seen near a record $4,445.8 per ounce, while spot gold hovered around $4,414.99, marking an eye-popping 70% surge since the start of the year. COMMODITIES … Read more
Key Points Wall Street is bracing for Thursday’s release of the November consumer price index, a closely watched report that will be the first snapshot of inflation since the record-setting U.S. government shutdown wrapped up last month. Economists surveyed by Dow Jones expect the data to show inflation running at a 3.1% annual pace. Core … Read more
Key Points Job growth came in at a seasonally adjusted 64,000 for the month, beating the Dow Jones forecast of 45,000 and marking an improvement from October’s sharp decline. The unemployment rate increased to 4.6%, above expectations and the highest reading since September 2021. A broader measure that includes discouraged workers and those working part-time … Read more
Federal Reserve Chair Jerome Powell warned that the housing market’s problems aren’t going away anytime soon, saying recent interest rate cuts are unlikely to improve affordability or ease the tight supply of homes meaningfully. Powell made the comments during a press conference on Wednesday after Fed officials voted to cut the benchmark federal funds rate … Read more
After weeks of uncertainty over whether the Federal Reserve will cut interest rates for the third time this year, the growing consensus is that the central bank is likely to move forward with a 25-basis-point cut on Wednesday — even if officials aren’t fully aligned. “This is a hard call,” said Alan Blinder, former Fed … Read more
Stocks wrapped up Friday’s session just shy of fresh record highs, with the S&P 500 stopping just under the 6,900 mark as a nervous bond market eyed the week ahead. Investors are gearing up for a packed few days, highlighted by the Federal Reserve’s final meeting of 2025 — and Chair Jerome Powell’s last scheduled … Read more
The market is currently under immense pressure as it awaits the Federal Reserve’s (Fed) next decision, and New York Stock Exchange-listed stocks, also known as Wall Street, are experiencing significant tension. Investors and analysts on Wall Street are wondering whether this decision will trigger a major surge or initiate a downturn. 💹 Wall Street Market … Read more
Investors, experts, and government decision makers always keep an eye on job data to know the health of the US economy. Every month, when a new job report is released, another important update comes after that – employment revision. This means that if there is any error or change in the data released for the … Read more
The August US Jobs Report is about to come, and all eyes are on it across America. It is not just a figure, but it will tell in which direction the US economy is going and how the Federal Reserve will decide its next move. For the last few months, there has been a slight … Read more