The world’s largest gold-backed exchange traded fund recorded it biggest weekly outflow in more than two years last week as Donald Trump’s decisive election win prompted traders to book profits. SPDR Gold Shares (GLD) saw an outflow of over $1 billion, the largest...

Company acquired drug as part of $8.7 billion Cerevel purchase Bristol jumps most in 18 years after competitor’s setback AbbVie Inc. shares fell the most in more than four years after two mid-stage trials of its drug to treat schizophrenia failed to meet their primary...

The labor market is already cooling and the next president’s promises to slash spending and end green subsidies may add to the headwinds.Donald Trump will inherit, to all appearances, a solid economy when he assumes the presidency in January. After all, the stock...

Watching policy steps on tax, deregulation and crypto Sees opportunities in luxury, energy, healthcare in Mideast The first two years under Donald Trump’s second term could be “quite impactful” if policy changes are made on tax, deregulation and crypto, according...

Stocks notched their best week of the year as investors cheered President-elect Donald Trump’s economic agenda. “Tax cuts are behind the rally … and in general, there is the perception that markets like Republican administrations, although certainly the performance...

Baidu Inc. is set to unveil a pair of glasses with a built-in AI assistant, putting up a Chinese rival to the Meta Ray-Bans that have proven a rare success in AI-powered hardware. China’s search leader and longtime investor in artificial intelligence plans to showcase...

Currencies face pressure on fears tariff vow will materialize ECB’s Guindos says big trade measures would have ‘huge’ effect Central bankers the world over are gauging whether their worst fears over Donald Trump will come to pass following his resounding return to the...

Yields on muni bonds jumped as much as 16 basis points Investors of muni debt tend to take cues from Treasury market Municipal bonds plummeted on Wednesday after voters elected Donald Trump as US president. The move followed a rout in US Treasuries, which sold off...

He says result is wakeup call for EU to tackle weaknesses Bank of France governor speaks at conference in Lyon, France The election of Donald Trump as the next US president raises risks and uncertainty for the global economy and should encourage Europe to address its...

Pennsylvania voters said democracy was the most important issue for them in this election, along with the economy and abortion. CNN's exit poll in the battleground state showed 64 percent of voters wanted abortion to be legal, while 36 percent said it should be...

Financial firms saw profit jump, thanks to stock market rally Other sectors reported steeper earnings drop: China Merchants Chinese earnings returned to growth in the third quarter but a closer look at the numbers reveals a picture that’s far less encouraging. Profits...

Company’s hardware division is researching idea with employees Move signals that Apple aims to follow Meta into new category Apple Inc. is exploring a push into smart glasses with an internal study of products currently on the market, setting the stage for the company...

Central bank releases semi-annual Financial Stability Report Says banks well placed to manage rising loan defaults New Zealand’s central bank said the country is experiencing a pronounced economic downturn that could get worse. “Households have reduced their...

Upmarket brands are scrambling to adjust strategy after being wrongfooted by the rapid downturn in Chinese spending.  When LVMH CEO Bernard Arnault toured China in June last year, he visited a five-story site in Beijing where the company’s top brand Louis Vuitton...