Finance News – U.S.
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Higher risk, lower growth, less investment: UN trade arm issues downbeat global economic outlook
The UN trade agency's latest report highlights increased uncertainties and reduced economic expansion, which together contribute to a decline in global investment activities.
Read Full Article →Trump rips into 'too late' Jerome Powell after Fed holds rates steady
The decision by the Federal Reserve to maintain current interest rates has drawn criticism from President Donald Trump, who believes adjustments are necessary to support economic g...
Read Full Article →Airbus orders dominate Paris Air Show as Boeing takes backseat — again
The European manufacturer secured numerous contracts at the Paris Air Show, highlighting its market strength despite the event being affected by a recent tragic accident and ongoin...
Read Full Article →Oil prices rise more than 1% as Israel vows to intensify attacks on Iran
The increase in crude oil costs reflects market concerns over escalating tensions in the Middle East, which could potentially disrupt global supply chains and impact energy-related...
Read Full Article →Block out the noise and stay invested — stock picks and advice from one of the world’s oldest mutual...
Established in 1934, The Investment Company of America fund has demonstrated financial resilience through significant global events, providing strategic stock selections that refle...
Read Full Article →How retail credit cards could bankrupt consumers with record high interest rates
Rising interest rates on retail credit cards are increasing the financial burden, contributing significantly to the growing share of consumer bankruptcies linked to credit card deb...
Read Full Article →The U.S. added a thousand new millionaires a day in 2024: Report
In 2024, the U.S. experienced a substantial increase in affluent individuals, contributing to the highest number of millionaires worldwide at nearly 24 million, reflecting ongoing...
Read Full Article →Is the stock market open today for Juneteenth? Will the post office deliver mail?
Juneteenth, now recognized as a federal holiday, affects various services including stock market operations and postal deliveries, potentially influencing financial activities and...
Read Full Article →Zero rate policy is back after Swiss cut, while Bank of England pauses after four cuts this year
The Swiss National Bank’s decision to reduce interest rates to zero may influence global lending costs, while the Bank of England’s recent pause reflects cautious monetary adjustme...
Read Full Article →Global stocks fall, oil futures rise, on a report U.S. may soon strike Iran
Financial markets reacted cautiously to geopolitical tensions, with equity indexes declining across Asia and Europe while crude oil prices increased amid concerns over potential mi...
Read Full Article →History shows what has to happen for the Israel-Iran conflict to boost oil prices
Removing Iran's current leadership could lead to prolonged disruptions in oil supply, potentially resulting in a notable and sustained increase in global petroleum market prices.
Read Full Article →What is inflation?
Inflation affects the cost of goods and services, influences consumers’ ability to buy, and plays a crucial role in shaping economic growth and financial stability over time.
Read Full Article →Here’s how bitcoin is entering investor portfolios through the back door
Investors are increasingly gaining indirect access to bitcoin through various financial products and institutional strategies, reflecting its growing influence within broader inves...
Read Full Article →This college grad almost turned $13 into $270,000 with a bet on the NHL finals. Why DraftKings and o...
A recent NHL finals bet by a college graduate nearly multiplied a small initial amount into hundreds of thousands, illustrating why sportsbooks favor complex, multi-event wagers de...
Read Full Article →Fed sticks with forecast of two interest-rate cuts this year despite new inflation worries
Market participants are closely monitoring the Federal Reserve’s outlook as differing views among policymakers on future rate reductions could impact borrowing costs and economic g...
Read Full Article →Powell sticks it to Trump on interest rates — and beyond
Jerome Powell's decisions on interest rates demonstrate the Federal Reserve's independence and have important implications for economic stability and financial markets, regardless...
Read Full Article →Inflation, tariffs put the brakes on this gun maker’s sales
Smith & Wesson experienced a decline in sales and production recently, impacted by rising costs and trade policy challenges that affected their overall financial performance during...
Read Full Article →FDA approves Gilead's twice-yearly HIV prevention injection, offering a powerful and convenient new...
The approval of Gilead’s biannual HIV prevention injection presents a significant development in treatment options, though its impact may be influenced by possible reductions in go...
Read Full Article →Microsoft is planning to lay off thousands more employees, report says
Microsoft's continued workforce reductions reflect efforts to manage costs amid substantial investments in artificial intelligence, which have contributed to a notable increase in...
Read Full Article →The secret AI sauce behind Meta stock's 683% rise since the dark days of 2022
Meta's substantial stock increase since 2022 highlights the company's strategic investments and advancements in artificial intelligence, which have played a crucial role in enhanci...
Read Full Article →Fed holds key rate steady, still sees two more cuts this year
The Federal Reserve’s decision to maintain the current interest rate suggests a cautious approach, while signaling potential reductions later in the year that could influence borro...
Read Full Article →Trump railed against socialism in his campaign. He's flirting with it as president
Under his administration, government intervention in the economy has increased, signaling a shift that could impact market dynamics and influence fiscal policies beyond previous pa...
Read Full Article →The Fed holds interest rates steady — and still sees two cuts later this year
The Federal Reserve’s choice to maintain current rates signals a cautious approach, suggesting potential reductions later this year that could influence borrowing costs and economi...
Read Full Article →Trump says he just can't get Fed Chair Jerome Powell to cut interest rates: 'I think he hates me'
The ongoing tension between the president and the Federal Reserve chair highlights challenges in monetary policy decisions that can influence borrowing costs, investment, and overa...
Read Full Article →3 student loan changes in Republican bill: Getting out of debt would be 'extremely hard,' advocate s...
The proposed legislation by Republican lawmakers aims to remove existing repayment options, potentially extending the duration borrowers remain financially responsible for their st...
Read Full Article →Fed holds interest rates steady: What that means for your credit cards, auto loans, mortgage and mor...
The Federal Reserve's choice to maintain current rates affects borrowing costs across various loans and influences the interest earned on many savings products.
Read Full Article →The Fed is meeting. Don't expect an interest rate cut
The Federal Reserve’s ongoing meeting holds importance as sustained inflation above the desired threshold suggests that monetary policy adjustments, such as lowering interest rates...
Read Full Article →Scale AI not 'winding down' following Meta deal, interim CEO tells employees and customers
Despite Meta’s $14.3 billion investment, Scale AI’s interim CEO assured stakeholders that the company remains operational and focused on growth rather than reducing its activities...
Read Full Article →DOJ seizes record $225 million in crypto tied to global 'pig butchering' scams
The Department of Justice recovered a substantial amount of cryptocurrency connected to international investment fraud, highlighting the growing impact of digital asset crimes and...
Read Full Article →Oil prices lower after Trump says Iran wants to negotiate
The prospect of diplomatic talks between the United States and Iran prompted a decline in energy costs, reflecting market reactions to potential easing of geopolitical tensions aff...
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