After the Federal Reserve signaled it could start cutting interest rates next year if inflation continues to fall, the Dow Jones Industrial Average closed at a new record high.
Government
Donald Trump Shrugs Off New Record Stock Market High Under Joe Biden
Former President Donald Trump, who once claimed that a Joe Biden presidency would lead to a stock market crash, is now dismissing stock market highs as benefiting the "rich."
US Treasury Department Unveils New Tax Credit Guidelines for Sustainable Aviation Fuel
The US Treasury Department has released the long-awaited guidelines for the Sustainable Aviation Fuel (SAF) tax credits.
China's Mixed Economic Data: Industrial Expansion at Fastest Pace Since 2022; Retail Sales Growth Misses Expectations
China has reportedly recorded its fastest industrial expansion since February 2022 in November. China has reportedly recorded its fastest industrial expansion since February 2022 in November, which signals a complex recovery in the world's second-largest economy.
Vladimir Putin Issues Rare Apology for the Price of Eggs as Russia's Inflation Soars
Russian President Vladimir Putin has issued a rare apology for Russia's inflation problem, which resulted in the soaring of egg prices this week.
Latest News
Argentina has announced a sharp devaluation of its currency, the Argentine peso, which will be devalued by 50%.
According to the latest CNBC Fed Survey, there is a growing expectation that the Federal Reserve will initiate rate cuts in June 2024.
The International Monetary Fund (IMF) has approved a $900 million disbursement for Ukraine. Amid the economic challenges intensified by its conflict with Russia, the International Monetary Fund (IMF) has approved a $900 million disbursement for Ukraine as part of an ongoing long-term loan.
India has taken the spot of Hong Kong as the world's seventh-largest stock market. India has taken the spot of Hong Kong as the world's seventh-largest stock market, marking a significant shift in global financial standings.
The US and China risk a "new Cold War" as economic and trade conflicts escalate, according to an IMF official.
The Biden administration is facing heightened scrutiny for supplying tank shells to Israel without obtaining congressional approval.
The US workforce added 199,000 jobs in November, and the unemployment rate fell to 3.7% as the world's largest economy continues to struggle with higher interest rates.
Experts reveal strategies to boost Social Security retirement benefits to help people get bigger monthly checks.
Russian President Vladimir Putin has asserted that the economic isolation Russia faces due to international sanctions is even helping the country to transform into a "growth center" in a "new global economy."
