[ad_1] WASHINGTON — No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year. The presidential contest might still be unresolved when the Fed […]
[ad_1] WASHINGTON — No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year. The presidential contest might still be unresolved when the Fed […]
[ad_1] “Depending what sector, what area you’re in, you’re going to have a favourite.” While Trump may be pro-business and focused on cutting red tape and taxes — and markets had a good run during his last presidency — Harris presents less of a concern when it comes to geopolitical risks, said Mona Heidari, senior […]
[ad_1] Amazon earnings highlights Share prices were up 5% in after-hours trading on Thursday after the strong earnings beat. Amazon (AMZN/NASDAQ): Earnings per share of $1.43 (versus $0.14 predicted) and revenues of $134.4 billion (versus $131.5 billion predicted). Amazon Web Services (AWS) remains the golden goose, even though very few of Amazon’s retail customers know […]
[ad_1] In September, the Federal Reserve lowered its benchmark interest rate for the first time since 2020, giving hope to prospective home buyers that mortgage rates would follow suit. But instead of declining, home loan costs marched higher. On Thursday, mortgage giant Freddie Mac reported the average rate on a 30-year home loan rose to […]
[ad_1] What is slowing Canada’s economy down? What’s growing? The manufacturing sector was the largest drag on the economy, followed by utilities, wholesale and trade and transportation and warehousing. The Stats Can report noted shutdowns at Canada’s two largest railways contributed to a decline in transportation and warehousing. A preliminary estimate for September suggests real […]
[ad_1] In a tight presidential race in which Americans cite the state of the economy as the most important issue, one aspect of the country’s performance could prove decisive: How voters in battleground states currently perceive inflation. Americans rank the economy and inflation as their top two issues in the November 5 election, according to CBS […]
[ad_1] NEW YORK — U.S. stocks are approaching records Monday ahead of a big week for profit reports from Big Tech stocks. Oil prices, meanwhile, are tumbling toward their worst loss in more than a year. The S&P 500 was 0.4% higher in afternoon trading. The main measure of the U.S. stock market is coming […]
[ad_1] “How expensive?” tracks measurements of California’s totally unaffordable housing market. The pain: Housing eats up at least half of paychecks in one-fifth of California households. The source: My trusty spreadsheet looked at the latest Census Bureau stats tracking household expenses in 2023, focusing on what government experts call “extreme burdens” – folks paying 50% […]
[ad_1] Despite these setbacks, CPKC posted an income gain of 7% year over year. The four categories that made the most impact were grain, energy, plastics and chemicals, and they grew revenues by 11%. CPKC says the shipment of wheat to Mexico from the Canadian and American Prairies over the past 12 months was exactly […]
[ad_1] MOSCOW — Russia’s central bank on Friday raised its key interest rate by two percentage points to a record-high 21% in an effort to combat growing inflation as government spending on the military strains the economy’s capacity to produce goods and services and drives up workers’ wages. The central bank said in a statement […]
[ad_1] MOSCOW (AP) — Russia’s central bank on Friday raised its key interest rate by two percentage points to a record-high 21% in an effort to stem growing inflation as massive government spending on the military amid the fighting in Ukraine strains the economy’s capacity to produce goods and services and drives up workers’ wages. […]
[ad_1] Metro Denver developers pushed out more than 5,000 new apartments in the third quarter, and rents barely moved despite that high volume, according to a quarterly update from the Apartment Association of Metro Denver. For the past several quarters, developers have added as many apartments in three months as they would average across an […]
[ad_1] The half-percentage point interest rate cut marks the fourth consecutive reduction since June and brings the central bank’s policy interest rate down to 3.75 per cent. With annual price growth now around 2%, governor Tiff Macklem said the Bank of Canada’s job has shifted from lowering inflation to maintaining it around the inflation target. […]
[ad_1] Despite signals the U.S. economy is strong, voters are wary – CBS News Watch CBS News Wall Street has seen six straight weeks of gains and with unemployment near a 50-year low, there are signs the economy is strong. However, the cost of everyday essentials is still a top-of-mind issue for voters, and although […]
[ad_1] That, together with the fear of a stock-market correction, has prompted a lot of Canadians who never considered owning the precious metal before to wonder whether this age-old asset should be part of their portfolios. After all, Canada’s largest robo-advisor, Wealthsimple, allocates 2.5% of its clients’ accounts to gold—and 10% in its halal portfolios. […]
[ad_1] Netflix shows a steady stream of profits Netflix (NFLX/NASDAQ) shareholders were happy on Thursday, as they saw share prices rise 5% in after-hours trading on the back of another excellent earnings announcement. (All figures in U.S. dollars.) Earnings per share came in at $5.40 (versus $5.12 predicted) and revenues were $9.83 billion (versus $9.77 […]
[ad_1] In a press conference from his Los Angeles-area golf club, former President Donald Trump revisited several topics from Tuesday night’s debate, repeating several false and misleading claims on issues including crime, the economy and immigration. Here’s are the facts: Trump again falsely claims crime skyrocketed under the Biden administration CLAIM: New numbers show that […]
[ad_1] 17. 2018: Transitioning to more protectionist policies, the United States initiated a renegotiation of the North American Free Trade Agreement (NAFTA)—brought into force in 1994. The Canadian government worried it could significantly affect exports to the country’s largest trading partner. The conflict led to a short-lived but dramatic trade war. Canada, the United States […]
[ad_1] The agency said Tuesday its consumer price index for September was up 1.6% from a year ago compared with a year-over-year increase of 2% in August. It was the slowest annual pace for inflation since February 2021 when it was 1.1%. Gasoline prices in September fell 10.7% compared with a year earlier. Excluding gasoline, […]
