Federal Reserve policymakers may finally be right on the verge of cutting interest rates.Going into this week’s two-day policy meeting, which wraps Wednesday afternoon in Washington, investors are...
The US economy grew at a 3.3 per cent annualised rate during the final quarter of last year, capping off a strong 2023 that defied recession fears and prompted President Joe Biden to attempt to claim...
Two months of missile, drone and hijacking attacks against civilian ships in the Red Sea have caused the biggest diversion of international trade in decades, pushing up costs for shippers as far away...
Donald Trump put himself on the cusp of clinching the Republican presidential nomination after New Hampshire voters handed him a decisive victory in Tuesday’s primary.Trump comfortably dispatched his...
BlackRock’s biggest reorganisation in years reflects a belief that the $10tn money manager must move faster to capture a wave of investment from clients who will be moving out of cash and seeking new...
Billionaire money managers Chris Hohn and Ken Griffin led hedge funds to deliver one of the best years for clients in 2023.The industry produced combined gains worth $218 billion after fees,...
Federal Reserve Bank of Atlanta President Raphael Bostic urged policymakers to proceed cautiously toward interest-rate cuts given the potential economic impact of unpredictable events ranging from...
There’s a repeated refrain from the throngs of financiers in Davos this week: Rein in your rate cut expectations.Everyone from JPMorgan Chase & Co.’s Daniel Pinto to Standard Chartered Plc’s Bill...
Egypt pushed ahead with an increase in transit fees through the Suez Canal this week, as a need for foreign currency trumped a fall in maritime traffic due to Houthi attacks on shipping in the Red...
If Wall Street delivers on its promises, the Federal Reserve will get reams of feedback on regulators’ proposed bank capital overhaul.In comments due Tuesday, the industry is expected to formalize...