Underlying US inflation eased for a fourth month on an annual basis in July, keeping the Federal Reserve on track to lower interest rates next month.The so-called core consumer price…
Tesla CEO Elon Musk on Sunday said that the US Federal Reserve should lower interest rates, calling their decision not to do so already "foolish." Musk's remarks were in response…
On Wednesday, the S&P 500 and Nasdaq experienced their most significant daily percentage gains since February 22nd, while the Dow also rose. This rally was driven by a surge in…
The Federal Reserve on Wednesday indicated that progress has been made towards its 2% inflation target, hinting at a potential rate cut—the first in four years. In a statement following…
Wall Street got a reality check after a disappointing start of the megacap earnings season fueled concern the artificial-intelligence frenzy that has powered the bull market might be overblown.A selloff…
The US stock market surged to new heights on Tuesday, with the Dow Jones Industrial Average reaching a record closing level. This rally was fueled by expectations of potential interest…
US inflation cooled broadly in June to the slowest pace since 2021 on the back of a long-awaited slowdown in housing costs, sending the strongest signal yet that the Federal…
Gold surged to a record, boosted by increasing optimism the Federal Reserve will start easing monetary policy this year and by rising geopolitical tensions in the Middle East.Bullion jumped as…