Jan 17, 2025 | Markets
Some on Wall Street claim the central bank went too far Fed’s defenders point to stability of inflation expectations When Federal Reserve officials gather in two weeks they’re likely to ponder a puzzling trend in markets: Since September, as they lowered short-term...
Jan 17, 2025 | Markets
The house was one of the most expensive transactions in Asia The property saw five failed tenders due to market downturn A bank trying to unload a luxury mansion in Hong Kong formerly owned by a Chinese property tycoon has slashed its price by about 60%, reflecting...
Jan 16, 2025 | Markets
Today on the Big Take: To get the nomination for Treasury Secretary, Scott Bessent had to win over MAGA, Wall Street and Trump himself. Scott Bessent is President-Elect Trump’s pick to be the treasury secretary, a role that spans oversight of the $28 trillion market...
Jan 16, 2025 | Markets
Bessent speaks at Senate confirmation hearing for Treasury job Yellen by contrast warned on risks from full extension of cuts Treasury Secretary nominee Scott Bessent warned that the US faces an economic crisis that will hammer middle- and working-class people if the...
Jan 16, 2025 | Markets
UBS investment-bank research unit is underweight on stocks Country may suffer impact from Trump policies, China deflation UBS Group AG is recommending to short India’s rupee and go underweight on the country’s stocks amid slowing economic growth, a trend that could...
