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Economy
These members of Congress saw the biggest rise in their stock portfolios in 2024
Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inboxGet our free Inside Washington emailGet our free Inside Washington emailThe stock market had a record-breaking run last year, but…
Here’s Exactly How Long the Average S&P 500 Bull Market Has Lasted — and What…
The stock market has been surging over the last couple of years, and we are entering the third year of the current bull market. As of this writing, the S&P 500 (^GSPC -1.54%) has…
US Inflation Is Set to Back Fed Pause After Robust Jobs Data
(Bloomberg) -- Underlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and steadfast economy, supporting the Federal Reserve’s go-slow approach to further rate cuts. Most…
Behind the stock sell-off and whether the bull market is at risk
It's really not as simple as saying good news on the economy was treated as bad news on Wall Street. Yes, the S & P 500 shed 1.5% Friday, after December payroll growth of 256,000 was 100,000 above forecasts and the unemployment rate…
Market Turbulence: Gold and Dollar Show Unexpected Resilience Following Jobs Report
(Kitco Commentary) - The financial markets experienced significant volatility Friday as both gold and the U.S. dollar demonstrated remarkable resilience, defying initial reactions to the December nonfarm payroll report. Despite an…
Dow, S&P 500, Nasdaq sink in response to strong labor data
All three of the US market averages (^DJI, ^IXIC, ^GSPC) fell by over 1.5% each — the Nasdaq Composite and Dow Jones Industrial Average both declined by 1.63% — in response to December's jobs data reported this morning. The US Bureau…
Stock market today: Dow, S&P 500, Nasdaq retreat as crucial jobs report looms
US stock futures pulled back on Friday as cautious investors waited for the crucial monthly jobs report to help shape the outlook for Federal Reserve interest-rate cuts. Dow Jones Industrial Average futures (YM=F) edged down roughly…
CNBC Daily Open: South Korea’s markets power through troubles
A screen displays the Kospi index and the exchange rate between the South Korean won and US dollar inside a trading room at Hana Bank in Seoul, South Korea, on Monday, Dec. 16, 2024. SeongJoon Cho | Bloomberg | Getty ImagesThis report is…
Israel boycotts hit Unilever’s Indonesia business as market share drops
A boycott against Unilever and other multinationals operating in Israel has worsened the global consumer company's loss of market share in Indonesia, Southeast Asia's largest economy, where it is battling smaller, often cheaper…
CNBC Daily Open: Fed’s inflation worries didn’t bother markets
Jerome Powell, chairman of the U.S. Federal Reserve, at a news conference after a Federal Open Market Committee meeting in Washington, D.C., on Dec. 18, 2024.Al Drago | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open,…