Maersk shares gain after shipping firm extends Red Sea pause
Shipping giant Maersk saw a second session of strong gains Wednesday, as investors assessed a ratings upgrade and its decision to prolong a halt on Red Sea travel due to …
Breaking News: Economy
Saudi Arabia’s sovereign wealth fund overtakes Singapore’s GIC
Skyline of Riyadh in Saudi Arabia. Simon Dawson | Bloomberg | Getty Images Saudi Arabia’s Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year, …
Markets will see a ‘year for non-consensus’ in 2024, strategist says
Traders work on the floor of the New York Stock Exchange. NYSE Stocks could be in for a rough year while the U.S. 10-year Treasury yield is set to jump …
Startup bubble fueled by Fed cheap money policy finally burst in 2023
Scooters take over SXSW in Austin, TX As the last decade came to an end, it was easy for a young engineer to hop on a Bird scooter and ride …
With all eyes on Gaza and Ukraine, analysts fear these conflicts could erupt
Sudanese army soldiers, loyal to army chief Abdel Fattah al-Burhan, sit atop a tank in the Red Sea city of Port Sudan, on April 20, 2023. – | Afp | …
Inflation has created a dark cloud over how everyday Americans view the economy
Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois. Scott Olson | Getty Images When Kyle Connolly looks back at 2023, she sees …
November’s inflation reading is holiday gift for the Fed
A trader works as a screen displays a news conference by Federal Reserve Board Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock …
UK inches closer to technical recession as growth is revised down
People shopping on Oxford Street in London. Picture date: Thursday December 29, 2022. (Photo by James Manning/PA Images via Getty Images) James Manning – Pa Images | Pa Images | …
PCE inflation November 2023:
A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank’s goal. The core personal consumption expenditures price index, which excludes volatile …
Profit-taking, economic worries? Sudden stocks sell-off confounds analysts
Traders work on the floor of the New York Stock Exchange during morning trading on December 13, 2023 in New York City. Michael M. Santiago | Getty Images After nine …