Postelection Rally Pushes Dozens of Stocks into Overvalued Territory
Stock markets rallied after Donald Trump’s victory in the US presidential election, pushing dozens of names into overvalued ...
RFK Jr. would rattle health markets as head of HHS, but his confirmation is far from certain, analyst says
Robert F. Kennedy Jr. would create "significantly more volatility" in health markets if he is confirmed as Secretary of Health and Human Services, making navigating policy risks far more challenging, ...
Retail sales climb again ahead of holiday shopping season. U.S. economy still has momentum.
The numbers: Sales at retailers rose solidly in October and suggested the economy still has plenty of momentum heading into the holiday shopping season. Sales increased 0.4% last month, the government ...
Trump's Treasury secretary pick: Bessent or Lutnick? Support for tariffs looks key.
Lutnick has been making hiring decisions as co-chair of Trump's 2024 transition team, but he's now a job candidate himself while multiple published reports have said some Trump allies view Bessent as ...
U.S. Industrial Production Declined in October
Industrial production in the U.S. declined in October, according to Federal Reserve data released Friday. U.S. industrial output was down by 0.3% last month, after falling by a revised 0.5% in ...
Canada Existing Home Sales Climb in October Following Further Rate Cut
The data, which show sales have risen three straight months, adds to early figures from local real estate board that showed sharp year-over-year increases in sales in Montreal and Toronto and big ...
Treasury yields jump after strong retail sales and manufacturing activity
Treasury yields turned higher Friday morning after stronger-than-expected U.S. retail sales, a jump in New York state manufacturing activity and indications that the Federal Reserve is not looking to ...
U.S. industrial output battered for second month by Boeing strike, hurricanes
The numbers: Industrial production fell 0.3% in October, held down by the Boeing strike and the impact of Hurricanes Milton and Helene, the Federal Reserve reported Friday. The decline as in line with ...
Manufacturing activity surges in New York region to highest level in nearly three years
The numbers: The New York Fed's Empire State business conditions index, a gauge of manufacturing activity in the state, surged 43.1 points in November to 31.2, the regional Fed bank said Friday. It is ...
Import prices post biggest increase in six months and add to U.S. inflation
The import-price index 0.3% last month. Economists polled by the Wall Street Journal had forecast a 0.1% decline. Import prices had fallen in September. If energy is excluded, import prices moved up 0 ...
FuelCell Energy to cut 17% of its staff as part of a global restructuring plan
Shares of FuelCell Energy Inc. charged higher in early Friday trading, after the fuel-cell technology company announced a global restructuring plan that will include cutting 17% of its staff. The ...
Week Ahead for FX, Bonds: U.S., European Purchasing Manager Surveys to Signal Post-Election Outlook
"Inflation comes back into focus with the possibility of higher tariffs in the next administration, but this is probably not sufficient to alter the Fed course on interest rates in the next meeting," ...