News
Trump pushes a 1-year, 10% cap on credit card interest rates. Banks balk
12+ hour, 36+ min ago (629+ words) Trump was not clear in his social media post Friday night whether a cap might take effect through executive action or legislation, though one Republican senator said he had spoken with the president and would work on a bill with…...
Trump pushes a 1-year, 10% cap on credit card interest rates and banks balk
12+ hour, 36+ min ago (547+ words) Trump was not clear in his social media post Friday night whether a cap might take effect through executive action or legislation, though one Republican senator said he had spoken with the president and would work on a bill with…...
Hiring likely stayed modest in December, capping a year of weak job growth
2+ day, 5+ min ago (758+ words) December's jobs report, to be released Friday, is likely to show that employers added a modest 55,000 jobs, economists forecast. That figure would be below November's 64,000 but an improvement after the economy lost jobs in October. The unemployment rate is expected…...
Budget office expects Federal Reserve to cut rates in 2026
2+ day, 8+ hour ago (309+ words) Despite the Fed's cuts, however, the budget office projects the yield on 10-year Treasury notes to increase gradually, from 4.1% in the fourth quarter of 2025 to 4.3% in the fourth quarter of 2028. The 10-year Treasury yield is a benchmark for mortgage rates,…...
Asian shares are mixed after Wall Street’s strong start to the year cools
3+ day, 26+ min ago (482+ words) Tokyo's Nikkei 225 dropped 1% to 51,660.50 in early trading, with technology stocks among those leading the decline. South Korea's Kospi added 0.6% to 4,576.95. Both reached all-time high levels earlier this week. Hong Kong's benchmark Hang Seng lost 1.2% to 26,136.49, although shares of OpenAI's Chinese…...
Asian shares trade mixed after Wall Street hits records on tech gains
4+ day, 48+ min ago (469+ words) Despite a broad rally on Wall Street, Japan's Nikkei 225 lost 0.9% to 52,041.97 and South Korea's Kospi declined 0.5% to 4,503.23. Both had set records a day earlier. In Australia, the S&P/ASX 200 rose 0.3% to 8,708.50. Hong Kong's Hang Seng declined 1% to 26,471.97, while the…...
Global shares are mixed as
4+ day, 48+ min ago (449+ words) France's CAC 40 shed 0.3% to 8,213.78 in early trading, while the DAX in Germany gained 0.4% to 24,993.97. Britain's FTSE 100 slipped 0.6% to 10,067.95. U.S. futures were mixed. The contract for the Dow Jones Industrial Average edged up nearly 0.1%. That for the S&P 500 slipped 0.1%. Japan's Nikkei…...
Asian shares and US futures advance and oil prices fall back
4+ day, 23+ hour ago (591+ words) Oil prices fell back after gaining Monday following the capture by U.S. forces of Venezuelan President Nicolas Maduro in a weekend raid. In Tokyo, the Nikkei 225 gained 1.1% to 52,389.63 on strong buying of tech related shares like precision tools maker Disco Corp.,…...
Last year’s odd economy in five charts, and what to watch for in 2026
6+ day, 15+ hour ago (894+ words) Last year's odd outcomes raise a host of questions for the upcoming year: Will a growing economy eventually boost the sluggish job market? Or are last year's weak job gains a sign of a stumbling economy that could get worse?...
Shares are higher in Asia in an upbeat start to the new year
1+ week, 2+ day ago (527+ words) Hong Kong's Hang Seng jumped 2.2% to 26,189.79 on a strong rally in tech shares. E-commerce giant Alibaba climbed 3.2% and search engine and technology company Baidu jumped 7.5% after it said it plans to spin off its artificial intelligence computer chip unit Kunlunxin,…...