The monthly IGAE activity indicator hinted at a substantial decrease in activity during October and November, aligning with an estimated 0.7% month-on-month drop in output for December.

Chipmaker Nvidia saw almost $600bn wiped off its market value - the biggest drop in US stock market history - as a low-cost AI competitor from China took chunks out of several tech firms.

Headline inflation is down to 2.4%. That has tongues wagging in the financial sector: a rate cut is coming, so they wager. “It’s on,” wrote Westpac’s numbers boss Luci Ellis.

Betashares chief economist David Bassanese told media a drop in trimmed mean inflation would encourage the RBA to cut rates in February. Commonwealth Bank senior economist Stephen Wu was also ...

If the Fed keeps to its slow-and-steady pace, that may come in the form of another 25-basis-point drop — taking the rate to a range of 4.00% to 4.25%. The fed funds rate was last cut on Dec. 18 ...

The law cut corporate tax rates permanently and individual tax rates temporarily. Source: Internal Revenue Service The new law capped the deduction for state and local taxes at $10,000 through 2025.

This strategy allows you to take advantage of still-high interest rates in the short term, but also lock in rates for the long term in case APYs continue to drop. Understanding the pros and cons ...

given that the Fed cut interest rates three times in 2024, we were hoping for a path toward lower borrowing costs. Last week, President Donald Trump said he would demand that interest rates drop ...

A team of Palestinian and Israeli directors take a daring approach to the subject. But the Oscar-nominated film could not find a U.S. distributor. By Alissa Wilkinson Kristen Stewart and Steven ...

Australia's headline inflation rate dropped to a three-year low of 2.4% in the December quarter, according to the Consumer Price Index, adding to pressure for an interest rate cut by the Reserve ...