Trump’s Win Sparked Euphoria in Markets, Now Comes the Real Test

Jan 19, 2025 | Markets

S&P 500 has surrendered chunk of gains since election bounce Treasury yield curve steepens following Republican sweep Donald Trump’s victory in the November US presidential election sparked an immediate rally in markets, with stocks flying, the dollar soaring and...

US Set to Exceed World War II Debt Levels by 2029, CBO Says

Jan 17, 2025 | Markets

Estimates don’t include renewal of expiring 2017 GOP tax cuts Stronger-than-expected 2024 economy lowered deficit forecast The US government is on track to surpass record debt levels set after World War II in just four years, the Congressional Budget Office warned on...

Surging Long-Term Rates Stoke GOP Tensions on Paying for Tax Cut

Jan 17, 2025 | Markets

Rise in Treasury yields adds to government’s interest bill Some Republicans see need for higher spending in some areas Surging long-term interest rates and stubborn inflation are inflaming divisions among congressional Republicans over paying for the sweeping tax...

Stalled-Out Tech Stocks Leave ‘Other 493’ to Drive Market Gains

Jan 17, 2025 | Markets, Private Markets

New year kicks off with broadening beyond Magnificent 7 shares Energy, materials, utilities are winning sectors to start 2025 Some less-loved sectors of US equities are taking the lead in driving the market higher to start 2025, as lofty valuations and slowing profit...

Goldman Gives CEO Solomon $80 Million to Stay Put, Raises Pay by 26%

Jan 17, 2025 | Markets

Retention bonuses are second such awards given in recent years Bank boosts Solomon’s annual pay by 26% to $39 million Goldman Sachs Group Inc. handed its top two executives retention awards valued at $80 million each and launched a program to give its leaders a slice...