The Pittsburgh Penguins compete with over five teams, including the New York Islanders, for a wildcard spot in the Eastern Conference. However, for the second time this season, Pittsburgh dropped a meaningful game at UBS Arena, falling 6-3 to the Islanders on Saturday night. In contests at the new rink this season, the Penguins are … Read more
INGLEWOOD, CALIFORNIA – DECEMBER 28: A detailed view of an NFL logo is seen on a football prior to the game between the Arizona Cardinals and the Los Angeles Rams at SoFi Stadium on December 28, 2024 in Inglewood, California. (Photo by Ronald Martinez/Getty Images) ORG XMIT: 776151569 ORIG FILE ID: 2191700117 Buckle up. This … Read more
(Bloomberg) — A month ago, all anyone in markets could talk about was Donald Trump and how his blueprint for the US economy would sow growth, next year and beyond. Most Read from Bloomberg Heading into the Christmas break, a no-less-formidable force has retaken the stage: Jerome Powell. The Federal Reserve chair’s hawkish turn this … Read more
(Bloomberg) — Major US stock indexes saw their worst week since mid-November after the Federal Reserve’s decision to be more cautious about cutting interest rates next year roiled markets. Treasuries sold off for a second consecutive week. Most Read from Bloomberg The S&P 500 and the Nasdaq 100 rose on Friday — paring what would … Read more
(Bloomberg) — Billions of dollars in federal loans to Rivian Automotive Inc., Plug Power Inc., PG&E Corp. and other companies are under threat because of a potential US government shutdown. Most Read from Bloomberg The Biden administration’s Energy Department has been racing to cement more than $41 billion in conditional financing before the Jan. 20 … Read more
Wall Street analysts had hoped the housing market would show signs of life in 2024. Instead, it remained stagnant. The reason is largely tied to mortgage rates’ bumpy path this year alongside low supply and record home prices. In January, the average 30-year fixed mortgage rate was hovering around 6.6%, according to Freddie Mac. Now, … Read more
Continued economic strength along with inflationary policies expected from President-elect Donald Trump could mean the Federal Reserve may have to resort to rate hikes in 2025, a top economist warned. Wall Street just threw a tantrum over indications that the Federal Reserve will make fewer rates cuts than expected next year, but a top economist … Read more
The holidays are here. But many investors may be feeling like they made it onto the naughty list as they contend with challenges from turmoil in Washington as President-elect Donald Trump and Elon Musk flex their newfound political power to a souring outlook on the Fed’s interest rate policy, with fewer cuts expected to come … Read more
(Bloomberg) — President-elect Donald Trump is nominating Stephen Miran to lead his Council of Economic Advisers, enlisting a former Treasury official who served in Washington during his first administration. Most Read from Bloomberg “Steve will work with the rest of my economic team to deliver a great economic boom that lifts up all Americans,” Trump … Read more
By Sinéad Carew and Amanda Cooper NEW YORK/LONDON (Reuters) -A global equity index rose on Monday with help from Wall Street, and U.S. Treasury yields climbed to an almost seven-month high while data showed a deterioration in U.S. consumer confidence and investors prepared for fewer Federal Reserve rate cuts in 2025. In U.S. equities, Nasdaq … Read more