Tomorrow is the day The Street has been waiting for. The big guess is not “if” the Federal Reserve will lower interest rates, but will they drop them 25 basis points or 50 basis points? And there are expectations that they will continue interest rate cuts till year’s end.
Mining giant Anglo American and copper-rich competitor Teck Resources will merge in an all-stock deal to achieve the mining industry’s largest combination in more than a decade.
Federal bank regulators are skipping some aspects of bank examinations as the Trump administration takes a less stringent approach to financial oversight, Reuters reported after speaking with several bank executives.
Ray Dalio, billionaire founder of the Bridgewater Associates hedge fund, warned that the dollar and stock market are likely to weaken if the U.S. Federal Reserve cuts its key interest rate when the central bank’s Open Market Committee meets in the middle of this month.
Economists have expected the boom in artificial intelligence (AI) to juice the U.S. economy, but most of those forecasts depended on businesses using the technology to boost their bottom lines.
Employer-funded health insurance plans are expected to rise in price 6.5 percent next year, the largest one-year bump since 2011, according to an analysis by Mercer Health & Benefits, which manages such plans.
More U.S. workers than expected filed initial claims for unemployment benefits last week, adding more evidence that the U.S. economy is slowing.
In July, U.S. consumer spending kept pace with core inflation, with both rising at 0.3 percent from June. It was the largest monthly gain in spending since April, according to data from the Bureau of Economic Analysis (BEA).
The Standard & Poor’s 500 stock index touched another record high last week amid growing indicators that the bull might be tiring.
Is it total incompetence of bureaucrats who are in charge of government agencies—people who can’t get a job in the real world but suck off the public tit and become the most arrogant—or are they just outright bullshitters? That is the question.