Dec 17, 2024 | Markets
Executive wants DC to tap into Silicon Valley’s defense tech boom. Mike Gallagher, former congressman turned Palantir Technologies Inc.’s head of defense, said the US Defense Department needs to overhaul its procurement process for a new era of modern warfare — and...
Dec 16, 2024 | Markets
Lull in sovereign debt defaults may end as maturity wall looms Developing nations grapple with $850 billion of interest costs Developing nations, already set for a turbulent 2025, are having to cope with ballooning interest payments on $29 trillion of debt that built...
Dec 16, 2024 | Markets
Morgan Stanley sees dollar below current levels by Dec. 2025 Valuation is ‘stomach churning,’ Societe Generale says Wall Street is starting to sour on the dollar as President-elect Donald Trump’s policies and the Federal Reserve’s interest-rate cuts will likely put...
Dec 13, 2024 | Markets
Bitcoin, meme tokens, speculative stocks continue to surge Momentum elsewhere recedes as S&P 500 edges lower on week A five-day runup in Treasury yields finally tamped down the post-election fervor in big US stocks this week. Not so at the market’s speculative...
Dec 10, 2024 | Markets
USDA cuts import forecast for 2024/25 season by around 13% Purchases likely to be less than half of levels in 2020/21 China’s corn imports are expected to total just 14 million tons in the current season, less than half of their peak during a buying spree a few years...
