US Consumer Confidence Takes Unexpected Hit In December

Dec 23, 2024 | Markets

US consumer confidence fell unexpectedly in December, according to survey data published Monday, as concerns were raised about the impact of tariffs on the economy before Donald Trump takes office. The president-elect pledged on the campaign trail to implement...

Canada’s Economy Shrank in November for First Time This Year

Dec 23, 2024 | Markets

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%...

Tiny But Vital Metal Markets Rush to Adjust to Chinese Clampdown

Dec 21, 2024 | Markets

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...

Wall Street’s Market Forecasts Are Out for 2025 — Be Dubious

Dec 20, 2024 | Markets

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....

Trump Seeks Shutdown If Debt Limit Not Raised or Ended, ABC Says

Dec 19, 2024 | Markets

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...