Stocks staged a sharp rebound on Friday as concerns over a potential government shutdown eased after Senate Minority Leader Chuck Schumer (D-NY) opted not to veto a Republican spending bill. The S&P 500 jumped 1.9%, eyeing track for its strongest […]
After much of 2024 marked by contraction, there are now brighter signs emerging from the tunnel of the U.S. manufacturing sector. Data revealed Friday from the Institute for Supply Management showed that the Manufacturing Purchasing Managers’ Index rose to 49.3%
Santa Rally Kicks Off On Wall Street: Stocks Gain, Tesla Soars, Bitcoin Hits $98,000 Wall Street kicked off the Santa Rally season on a positive note, with all major indices and sectors closing higher in a shortened session ahead of
Stocks Gain, Tesla Soars, Bitcoin Hits $98,000 Read More »
Federal Reserve Chair Jerome Powell adopted a hawkish stance during his Wednesday press conference after the December Fed meeting, sparking a market bloodbath as the New York session headed to the close. Although the Federal Reserve lowered interest rates by
The U.S. defense sector is bracing for turbulence in 2025 as Goldman Sachs downgraded a key player in the industry and reiterated a bearish outlook on other defense stocks, citing risks tied to a slowing Pentagon budget and margin pressures.
S&P 500, Dow Rally To Record Highs, Dollar Snaps 8-Week Streak, Bitcoin Soars Above $97,000: What’s Driving Markets Friday? Risk-on sentiment gained momentum on Wall Street after the Thanksgiving holiday, fueled by investor optimism over fourth-quarter profit forecasts for U.S.
The commercial aerospace sector is gaining altitude, driven by surging demand for passenger travel, robust freight activity, and a resurgence in aircraft orders. According to Goldman Sachs analyst Noah Poponak, CFA, air traffic recovery is exceeding expectations, with growth now
The incoming Donald Trump administration’s ambitious energy plans, including a 3 million barrels per oil equivalent a day (mboe/d) production boost, a potential 25% tariff on Canadian oil and gas imports, and accelerated liquified natural gas (LNG) export approvals, could
Canada has started preparing for potential retaliatory tariffs on U.S. goods following President-elect Donald Trump‘s recent threats to impose sweeping duties on Canadian imports. A senior Canadian government official told AP News Wednesday that discussions are underway to target certain
Traders eyeing U.S. retail giants like Amazon.com Inc. AMZN, Walmart Inc. WMT and Best Buy ahead of Black Friday and Cyber Monday may be in for an unpleasant surprise as December kicks in. Despite the holiday shopping frenzy, historical data
