The Canadian economy appeared to lose its strength toward the end of this year even as the central bank cut interest rates at a rapid pace. Advance data suggested gross domestic product shrank 0.1% in November, the first monthly contraction this year, after a 0.3%...

Beijing puts stricter curbs on germanium, gallium flows to US Move reveals pinch points in defense and chip supply chains Chinese curbs on exports of three niche metals to the US have already rattled the market. Now, a bigger clampdown looks set to have far-reaching...

A quarter-century of predictions show that forecasters usually play it safe Wall Street’s biggest firms have issued their latest forecasts for the S&P 500 in 2025. They sound a lot like the predictions they made over the last few years. And the years before that....

Donald Trump said the US federal government will shut down if the debt ceiling is not eliminated or extended, ABC News journalist Jonathan Karl said in a post on X, citing comments from a conversation with the president-elect. “If we don’t get it, then we’re going to...

Hospitalized patient was exposed to sick and dead birds California declares state of emergency to respond to outbreak A Louisiana resident has been hospitalized with bird flu, marking the first severe human case of avian influenza in the US, while California declared...

The Federal Reserve reduced interest rates by a quarter percentage point Wednesday and scaled back the number of cuts it expects to make next year. In a split vote, the central bank voted to reduce its benchmark interest rate by 25 basis points to a new range of...

The US Defense Department denied its involvement in the mysterious drone activity that’s confounded officials in New York and New Jersey, prompting skepticism among some local leaders. Major General Pat Ryder told reporters Tuesday that none of the drones spotted in...

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...

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...

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...

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...

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...

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...