Led by Musk, top 0.1% own biggest share of US wealth on record Biden term saw across-board gains though inflation offset some The very richest Americans are among the biggest winners from President Joe Biden’s time in office, despite his farewell address warning of an...

Economists call for forceful action to reverse price declines GDP deflator forecast to be negative for third straight year China has failed to break a deflationary cycle and is now on track for the longest streak of economy-wide price declines since the 1960s,...

All signs’ point to more expensive costs, economist says MBA measure of 30-year mortgage rate in US hit 7.09% US homebuyers contending with the highest borrowing costs in eight months are seeing mortgage rates rise past a psychological barrier that risks complicating...

Representatives Ed Case (D-HI) and Steve Womack (R-AR) recently reintroduced the Sustainable Budget Act (H.R. 222), which would establish an 18-member bipartisan commission tasked with developing recommendations to reduce the deficit and address the nation’s fiscal...

Assets hit record high after strong markets in Q4 Total net inflows hit $281 billion HPS deal set to close in first half of the year, Preqin in Q1 Senior executive Wiedman to depart the firm BlackRock posted a 21% fourth quarter jump in profit after buoyant equity...

S&P 500 briefly falls below closing level before Trump’s win Rally in Treasury yields sends ripples through equities market It’s the round-trip ticket no one on Wall Street wanted. The S&P 500 Index on Monday briefly dropped below where it ended on Nov. 5,...

Options trades were up some $138 million in early December Chinese stock indexes retreat into bear market on geopolitics Traders who briefly had been sitting on more than $100 million in paper profits after buying call options in early December on a pair of tiny...

UK 10-, 30-year gilts headed for worst week in a year Investors remain worried about UK’s fiscal, inflation outlook A hectic week for UK bond and currency traders came to an end with yields stuck near the highest levels in years and the pound at its weakest since late...

Long-term inflation views rose to 3.3% in Michigan survey Preliminary January consumer sentiment index eased to 73.2 US consumers’ long-term inflation expectations jumped to the highest since 2008 on concerns about potential tariffs from the incoming Trump...

Job cuts were up 5.5% last year versus 2023, Challenger says Market and economic conditions were top reason cited for cuts US companies pared back hiring plans in 2024 as employers announced the smallest additions to headcount in almost a decade, according to figures...

As we enter 2025, the general consensus is that stocks are set to deliver another year of decent returns. Most strategists contend that we will be in a goldilocks environment characterized by positive readings on economic growth, profits, inflation , and rates. This...

Consumer inflation decelerated for fourth straight month Persistent deflationary pressures threaten to curtail spending China’s consumer inflation weakened further toward zero, decelerating for a fourth straight month in a setback for government efforts to stamp out...