Aug 15, 2025 | Markets
Nathan Thooft is no market bear. His team at Manulife Investment Management, which oversees $160 billion, still holds a modest overweight in stocks. But as US markets jump from record to record, he’s been trimming big winners, buying bonds and adding a layer of...
Aug 15, 2025 | Markets
The Dow Jones found new all-time highs on Friday before trimming gains. US consumer sentiment took an unexpected hit in August. Consumers are beginning to sour on economic outcomes as tariff effects begin to crop up. The Dow Jones Industrial Average (DJIA) surged to...
Aug 15, 2025 | Markets
US stocks are set to decline in the event of dovish signals from the Federal Reserve at the Jackson Hole economic symposium after this week’s record-breaking rally, according to Bank of America Corp. strategists. The team led by Michael Hartnett said investors...
Aug 14, 2025 | Markets
China’s economy slowed across the board in July with factory activity, investment and retail sales disappointing, suggesting Beijing’s crackdown on destructive price wars and spillovers from Donald Trump’s tariffs are casting a pall over the world’s No. 2 economy....
Aug 14, 2025 | Markets
Jackie Bezos, a fierce protector of her son Jeff before he founded Amazon.com Inc. and a deep-pocketed advocate for early childhood education, has died. She was 78. Bezos died at her home in Miami on Thursday, according to the Bezos Family Foundation’s website. In...
Aug 14, 2025 | Markets
The dollar is set for a toxic mix of a Federal Reserve cutting interest rates in the face of rising annual inflation, a damaging scenario last seen nearly two decades ago, according to Bank of America Corp. “If the Fed cutting cycle were to resume, any rate cuts in...
