Stocks Rally on Hopes for More Rate Cuts
Friday's gains help, but don't reverse, weekly declines by major indexes; Nike says it expects lower sales and margins this fiscal quarter.
Republicans Close In on New Plan to Avert Government Shutdown
House Speaker Mike Johnson huddled with rank-and-file GOP members to lay out a plan to avert a midnight shutdown, while reopening communications with Democrats.
PCE Inflation Lighter Than Expected in November
The Federal Reserve's favored measure of inflation showed prices increased 0.1% in November and 2.4% over the past 12 months, the Commerce Department said Friday.
Currency Tailspin Forces Brazil's Leader to Do the Unthinkable: Cut Spending
Brazil's currency plunged to its lowest level in 30 years after breakneck spending on pensions and social services.
FDIC Suspends Bonuses for Senior Officials Under Investigation for Misconduct
The move follows an earlier Wall Street Journal investigation that revealed a toxic and sexualized workplace culture at the bank regulator.
Cocoa Prices Tripled in 2024. Climate Change May Keep Them High
Unprecedented extreme weather boosted prices of cocoa, coffee and orange juice to new records in 2024 - and they're showing signs of going even higher in 2025.
Consumer Confidence Climbs Driven by Republican Sentiment
Consumer confidence in the U.S. jumped this month, matching economists' expectations, as buying conditions improved, though with enduring differences down party lines.
Canada's Trudeau Is Losing Grip on Power as Allies Turn Against Him
The prime minister's hold on power grew more tenuous as the NDP, which has been propping up his minority government, said it was withdrawing its support.
Cleveland Fed's Hammack Says Dissent Was 'Close Call' but Policy Should Stay Restrictive
Cleveland Fed President Beth Hammack said that her vote in favor of skipping a rate cut at the central bank's meeting this week was based on her view that monetary policy needs to stay restrictive to control inflation.
Trump Warns Europe to Buy More U.S. Oil and Gas or Face Tariffs
The president-elect's threat to impose tariffs on European imports could frame early discussions between European leaders and his administration.
(END) Dow Jones Newswires
December 20, 2024 17:00 ET (22:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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