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U.S. Jobless Claims Drop Slightly, Continuing Claims Hit 3-Year High

This mixed picture reflects an evolving labor market that remains relatively strong but is increasingly facing pressures that could influence broader economic trends in the coming months.

Dec 27, 2024 2:17 AM EST


US Banks File Lawsuit Against Federal Reserve Over Lack of Transparency in Stress Testing Framework

Major US banking groups have sued the Federal Reserve, alleging its opaque stress testing framework violates federal laws, hindering transparency and economic growth. The lawsuit seeks reforms to ensure accountability and public input.

Dec 25, 2024 2:36 PM EST


Decline in U.S. Consumer Confidence Raises Recession Concerns Despite Economic Resilience

U.S. consumer confidence fell in December, sparking recession concerns. While retail sales and GDP growth show resilience, inflation, interest rates, and global uncertainties continue to challenge economic stability and outlook.

Dec 25, 2024 2:09 PM EST


Evolve Bank Faces Legal Battles as Missing Funds and Ransomware Attack Shake Trust

Evolve Bank grapples with missing customer funds and legal disputes following Synapse's collapse, compounded by a ransomware attack. The crisis highlights risks within fintech partnerships and raises concerns over customer trust.

Dec 25, 2024 8:15 AM EST


U.S. Treasury Yields Decline Amid Moderating Inflation and Investor Caution

U.S. Treasury yields fell as moderating inflation, cautious Federal Reserve policies, and heightened demand for safe-haven assets influenced markets. Investors are closely watching economic data and global developments for future trends.

Dec 25, 2024 7:52 AM EST


U.S. Launches Investigation into Chinese Semiconductors Amid National Security Concerns

The U.S. is investigating Chinese semiconductors for national security risks, potentially imposing tariffs or restrictions. The inquiry focuses on older chips, with implications for industries and ongoing U.S.-China trade tensions.

Dec 24, 2024 9:02 AM EST


UK Economy Faces Stagnation, Raising Alarm Bells for Policymakers

The UK economy stagnated in Q3 2024, with zero growth, high inflation, and reduced consumer spending. Policymakers face mounting pressure to implement measures addressing economic challenges and fostering long-term recovery.

Dec 24, 2024 9:02 AM EST


Donald Trump Jr. Joins Unusual Machines Advisory Board, Sparking Stock Surge

Donald Trump Jr. joins Unusual Machines' advisory board, boosting stock and advancing U.S. drone manufacturing to counter Chinese dominance.

Dec 24, 2024 9:01 AM EST


Honda and Nissan Explore Historic Business Integration to Create Third-Largest Global Automaker

Honda and Nissan are considering a business integration that could create the third-largest global automaker, generating annual revenues of 30 trillion yen. Mitsubishi is also involved in the discussions, focusing on electrification and vehicle intelligence.

Dec 24, 2024 9:00 AM EST


Trump Warns Europe: Buy More U.S. Oil and Gas or Face Tariffs

Trump warned the EU to buy more U.S. oil and gas to reduce trade deficits or face tariffs. The ultimatum raises trade tensions, impacting energy markets and transatlantic economic relations.

Dec 20, 2024 1:46 PM EST


Fed Cuts Interest Rates For Third Time: What It Means For You

For the third time in a row, the Federal Reserve has lowered interest rates by 25 basis points. Find out how this choice impacts credit cards, student loans, auto loans, savings accounts, and mortgage rates.

Dec 19, 2024 7:12 AM EST


Dow Jones Drops 1,100 Points, Suffers Longest Losing Skid Since 1974 As Markets React To Rate Cut

The Dow Jones Industrial Average broke a half-century record for futility on Wednesday, suffering losses for the 10th consecutive session on the heels of the Federal Reserve's 0.25% interest rate cut.

Dec 19, 2024 4:17 AM EST


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