Economic events

57 Mins AgoStocks head for winning weekWith just one day left in the holiday-shortened trading week, the three major indexes are on track for gains.The Nasdaq Composite and S&P 500 have climbed more than 2.5% and 1%, respectively,…

"Spaving," or spending more to save more, has become a dangerous habit for cash-strapped Americans amid elevated inflation and mounting debt.Though inflation eased in April, the consumer price index was still up 3.4% from a year prior. …

46 Mins AgoBerkshire Hathaway cut Paramount exposure entirelyWarren Buffett revealed that he dumped Berkshire Hathaway's entire Paramount stake at a loss."I was 100% responsible for the Paramount decision," Buffett said at Berkshire's…

The U.S. economy likely expanded at a solid pace in the first three months of the year and perhaps even better than Wall Street expects, while still below the robust level at the close of 2023. Gross domestic product, the sum of all…

12 Mins AgoChina's central bank announces $70 billion 're-loan' program to support tech SMEs The People's Bank of China has announced a "re-loan" program of 500 billion yuan ($70 billion) for technological innovation and transformation…

2 Hours AgoGold prices soar to record high on hopes of Fed cutGold prices extended their rally on Monday, scaling to a new record.The optimism was helped by U.S. interest rate cut expectations and bullion's appeal as a safe haven…

37 Mins AgoChina Vanke falls 2% after reporting drop in annual profit, revenue A crane with the China Vanke logo at a residential construction site in China, on Sept. 28, 2021.Qilai Shen | Bloomberg | Getty ImagesShares of state-owned…

2 Hours AgoSingapore's February manufacturing output surpasses expectations by a wide marginManufacturing in Singapore surged 14.2% in February on a month-on-month basis, a sharp reversal from the revised 6.7% decline in January and far…

9 Mins AgoU.S. stocks open slightly lowerHere's how the major indexes opened on Friday:— Pia Singh2 Hours AgoEuro zone manufacturing activity continues declineEuro zone manufacturing continued to weaken in November, though some bright…

33 Mins AgoStocks open slightly lowerHere's how the major indexes opened on Friday:— Pia SinghAn Hour AgoThe Fed will need the all clear on inflation before cutting rates, one analyst says More investors are anticipating a rate cut in…