We’ve all got it by now that President Donald Trump can’t fire Federal Reserve Jerome Powell. But the rest of the board? They’re fair game. And he knows it.

In New Orleans, Celebration Is Followed by Terror in the French Quarter The attack left 15 dead and about three dozen injured. The authorities described it as an act ...

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The Australian sharemarket surged in 2024, adding nearly $200bn to the value of the benchmark ASX 200 index, despite a retreat in December.

The S&P 500 (SP500) on Tuesday notched a whopping +23.3% advance for 2024, posting gains in nine out of twelve months. Read more here for a breakdown of its annual performance.

As the chart shows, the AI-fueled Magnificent Seven stocks—Nvidia, Microsoft, Meta, Amazon, Apple, Alphabet and Tesla—this year vastly outperformed the benchmark S&P 500 as well as the tech-heavy Nasdaq Composite.

"It's not just the Fed, but Donald Trump's trade and fiscal posture have also scared investors away from extending duration," David Rosenberg wrote.

Heading into a new year with a new administration, policymakers project fewer cuts and somewhat more stubborn inflation.

The Federal Reserve's plans for interest rate cuts in 2025 are up in the air as officials wait to see what policy President-elect Donald Trump will impose and what effect it has on the economy. In particular, Trump's plans to impose tariffs have raised eyebrows at the central bank because they could push up inflation.

Federal Reserve Chair Jerome Powell is tiptoeing through a minefield as Donald Trump barrels toward his second term as president. The central bank is trying to maintain its image of neutrality while secretly bracing for the economic chaos Trump’s policies could unleash.

Foreign-exchange veteran Karthik Sankaran says he’s worried about a “trifecta of bad things” that could drive investors out of the U.S.

Increases in Delaware, Illinois and Rhode Island will bring those states' minimums to $15 an hour, meaning 10 states and Washington, D.C., will now have $15 or higher minimum wage.