Dec 17, 2024 | Markets
Stimulus has boosted wealth after property crisis, crackdowns The nation’s richest person changed a record number of times China’s billionaires are slowly starting to recover their wealth after three years of losses from a property crisis and Xi Jinping’s push for...
Dec 17, 2024 | Markets
Bloomberg survey shows price gauges backing away from Fed goal Three rate cuts seen in 2025 as core inflation averages 2.5% Economists raised their projections for US inflation next year on tariff concerns and now expect one less interest-rate cut from the Federal...
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...
