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Economy

Morning Bid: Wall St near records as central banks end 2024 with rate cuts

December 13, 2024
A look at the day ahead in U.S. and global markets by Samuel Indyk The stellar year for U.S. stock markets took…
Economy

Bundesbank cuts Germany growth outlook for 2024 and 2025

December 13, 2024
The Bundesbank has significantly lowered its growth forecasts for Germany’s economy, projecting a contraction of 0.2% in 2024, a stark revision from…
Economy

Euro zone industry did not fall in Oct but recovery not in sight

December 13, 2024
FRANKFURT (Reuters) – Euro zone industrial production was unchanged in October from the previous month, outperforming expectations of a slight fall, but…
Economy

Germany faces lethargic growth, potential hit from Trump, Bundesbank says

December 13, 2024
FRANKFURT (Reuters) – Germany’s economy will shrink for the second year in a row this year and its recovery will be lacklustre,…
Stock

European markets edge higher in wake of ECB rate cut; Munich Re soars

December 13, 2024
Investing.com — European markets edged higher Friday as investors digested regional economic weakness in the wake of the European Central Bank’s latest…
Stock

China’s credit growth slows despite stimulus efforts

December 13, 2024
In a surprising turn of events, China’s credit expansion in November did not meet expectations, signaling a weaker demand for financing despite…
Stock

Broadcom rallies on forecast for booming AI chip demand

December 13, 2024
(Reuters) – Shares of Broadcom (NASDAQ:AVGO) soared 14% on Friday, with the chipmaker moving closer to $1 trillion in market value after…
Stock

Trump’s deportations could shake up the restaurant industry, but Wall Street isn’t worried

December 13, 2024
By Waylon Cunningham (Reuters) – Sweeping deportations pledged by President-elect Donald Trump could pose an economic shock for the restaurant industry in…
Stock

T-Mobile announces $14 billion buyback

December 13, 2024
(Reuters) -Telecom giant T-Mobile unveiled a $14 billion share buyback on Friday. The company in September had announced its plans to return…
Investing

How the New York Mets can justify paying one player $765 million

December 12, 2024
Earlier this year, Steve Cohen laid out his principles as the owner of the New York Mets, saying it was a “philanthropic”…
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