The Nasdaq 100 index continues its strong surge this year and is now at its highest record level. It soared to a high of $22,175 on Wednesday, bringing its year-to-date gains to about 4.3%. This rally may continue, considering that the index has been in a prolonged bull market sinceits inception.…
Lloyds Banking Group has reported a 20.4% drop in annual profit, falling short of market expectations as the UK’s largest mortgage lender set aside additional funds for potential motor finance payouts.The bank posted a pretax profit of £5.97 billion for 2024, down from £7.5 billion the previous year and below…
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Donald Trump’s administration is charting a course that looks beyond the Federal Reserve, seeking to lower borrowing costs for Americans by influencing a key rate shaped more by Wall Street than by the central bank in Washington, D.C. The focus? The 10-year Treasury yield.National Economic Council Director Kevin Hassett recently…
US President Donald Trump’s approval rating has declined slightly in recent days as more Americans express concerns about the direction of the economy, according to a Reuters/Ipsos poll. The six-day survey, which concluded on Tuesday, found that 44% of respondents approved of Trump’s performance, down from 45% in a January…
Federal Reserve officials signalled caution on cutting interest rates, emphasizing the need for further progress on inflation before making adjustments, according to minutes from their January meeting released Wednesday. Policymakers cited concerns over President Donald Trump’s proposed tariffs and their potential impact on consumer prices, indicating that trade policy changes…
Shares of Palantir tumbled as much as 12.5% on Wednesday following a report that the Pentagon has been directed to prepare for 8% annual defense budget cuts in each of the next five years.Palantir, known for its defense contracting work, provides software and AI-driven analytics to US military and intelligence…
China opted to keep its key lending rates unchanged on Thursday, signaling a focus on financial stability rather than aggressive interest rate cuts to support economic growth. The People’s Bank of China (PBOC) maintained the one-year loan prime rate (LPR) at 3.1% and the five-year LPR at 3.6%. These benchmark…
US President Donald Trump is weighing a proposal to distribute a portion of federal cost-cutting savings directly to taxpayers in the form of DOGE dividend checks. The plan, which has gained traction on social media, suggests using 20% of the savings identified by the Department of Government Efficiency (DOGE) to…
The surge in US liquefied natural gas (LNG) exports is showing no signs of slowing down, reaching new heights as recently developed projects ramp up production. This trend is not only bolstering the US’s position in the global LNG market but also has the potential to alleviate the soaring energy prices…