US data has Fed striding toward rate cut next week, and tip-toeing into 2025
By Howard Schneider WASHINGTON (Reuters) – Investors view it as a near given that the U.S. Federal Reserve will cut interest rates…
Morning Bid: Wall St near records as central banks end 2024 with rate cuts
A look at the day ahead in U.S. and global markets by Samuel Indyk The stellar year for U.S. stock markets took…
Bundesbank cuts Germany growth outlook for 2024 and 2025
The Bundesbank has significantly lowered its growth forecasts for Germany’s economy, projecting a contraction of 0.2% in 2024, a stark revision from…
Euro zone industry did not fall in Oct but recovery not in sight
FRANKFURT (Reuters) – Euro zone industrial production was unchanged in October from the previous month, outperforming expectations of a slight fall, but…
Germany faces lethargic growth, potential hit from Trump, Bundesbank says
FRANKFURT (Reuters) – Germany’s economy will shrink for the second year in a row this year and its recovery will be lacklustre,…
European markets edge higher in wake of ECB rate cut; Munich Re soars
Investing.com — European markets edged higher Friday as investors digested regional economic weakness in the wake of the European Central Bank’s latest…
China’s credit growth slows despite stimulus efforts
In a surprising turn of events, China’s credit expansion in November did not meet expectations, signaling a weaker demand for financing despite…
Broadcom rallies on forecast for booming AI chip demand
(Reuters) – Shares of Broadcom (NASDAQ:AVGO) soared 14% on Friday, with the chipmaker moving closer to $1 trillion in market value after…
Trump’s deportations could shake up the restaurant industry, but Wall Street isn’t worried
By Waylon Cunningham (Reuters) – Sweeping deportations pledged by President-elect Donald Trump could pose an economic shock for the restaurant industry in…
T-Mobile announces $14 billion buyback
(Reuters) -Telecom giant T-Mobile unveiled a $14 billion share buyback on Friday. The company in September had announced its plans to return…
