The Dow and S&P 500 finished at fresh records Thursday while a big drop in Oracle shares dragged the Nasdaq lower and revived worries over pricey artificial intelligence valuations.
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A divided US Federal Reserve lowered interest rates Wednesday for a third consecutive time this year, but signaled that it could hold off further reductions in the coming months.
On Dec. 10, the Federal Reserve voted to lower the federal funds rate by 25 basis points. A basis point is one one-hundredth of a percentage point. Mortgage lenders had been expecting a cut, and mortgage rates had fallen in the weeks ahead of the meeting.This move was largely predicted by analysts, despite tensions among...
Rising food costs pushed consumer inflation in China last month to its fastest pace in nearly two years, data showed Wednesday, but lower factory-gate prices suggested demand in the world's second-largest economy remains weak.
Global stock markets were mostly soft on Monday as investors avoided risks ahead of this week's Federal Reserve meeting, which may yield clues to the direction of interest rates in coming months.
China's towering annual trade surplus surpassed $1 trillion for the first time last month, data showed Monday, as a sharp drop in shipments to the United States was offset by surging exports to other major markets.
While the US Federal Reserve's final interest rate meeting this year could see an unusual amount of division, financial markets view a third straight interest rate cut as nearly certain.
US consumer pricing and sentiment reports released Friday pointed to lingering questions about affordability as the calendar moves towards the peak of the festive season.
World stock markets gave a mixed picture Friday, with sentiment underpinned by hopes for sustained US central bank rate cuts, but nagging inflationary worries sparking some pre-weekend selling.
Wall Street stocks finished mixed at the end of a choppy session Thursday as markets digested varying labor market data and looked ahead to next week's Federal Reserve decision.
