Markets watch for dangers of further escalation

Markets watch for dangers of further escalation

Israel’s Iron Dome anti-missile system intercepts rockets, as seen from Ashkelon, Israel, October 1, 2024  Amir Cohen | Reuters Israel’s government has vowed a severe response to Iran’s unprecedented missile barrage into Tel Aviv, leaving the Middle East on edge as fears rise over a possible all-out war between the two long-time foes. On Tuesday … Read more

Blockbuster weight-loss drug supply hit in trade shutdown

Blockbuster weight-loss drug supply hit in trade shutdown

An Eli Lilly & Co. Zepbound injection pen, March 28, 2024. Bloomberg | Bloomberg | Getty Images As a port strike stretching from New England to Texas halted nearly half of all trade coming into the U.S., customs data shows that critical medical devices and drug components for the booming, expensive weight-loss and diabetes drugs … Read more

Port strike could reignite inflation, with larger economic impact dependent on how long it lasts

Port strike could reignite inflation, with larger economic impact dependent on how long it lasts

Port of Miami dockworkers strike near the port entrance and demand a new labor contract, on October 1, 2024 in Miami, Florida.  Giorgio Viera | Afp | Getty Images A strike hitting ports along the East and Gulf coasts could stoke prices for food, autos and a host of other consumer goods but is expected … Read more

Saudi Arabia slashes growth forecasts, sees wider budget deficits

Saudi Arabia slashes growth forecasts, sees wider budget deficits

Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia cut its growth forecasts and raised its budget deficit estimates for the fiscal years 2024 to 2026, looking ahead to a period of higher spending and lower projected oil revenues. Real gross domestic product is now expected to grow 0.8% this year, a dramatic … Read more

Euro zone inflation, September 2024

Euro zone inflation, September 2024

Visitors pass shops on a pedestrianized street in the old town in A Coruna, Spain, on Thursday, Sept. 26, 2024. Manaure Quintero | Bloomberg | Getty Images Euro zone inflation fell to 1.8% in September, coming in below the European Central Bank’s 2% target, flash data from statistics agency Eurostat showed Tuesday. The reading was … Read more

How to prep your portfolio for a Trump or Harris 2024 election victory

How to prep your portfolio for a Trump or Harris 2024 election victory

With about a month to go until the 2024 presidential election, investors are bracing for potential volatility in the markets amid uncertainty over whether former President Donald Trump or Vice President Kamala Harris will win in November. “It’s really important that everyone remembers that there is a lot of noise, there’s a lot of volatility … Read more

East Coast ports strike, ILA union work stop strands billions in trade

East Coast ports strike, ILA union work stop strands billions in trade

 Shipping containers sit stacked in the Port of Newark on September 30, 2024 seen from New York City. A massive strike shutting down ports across the East and Gulf coasts began at midnight as members of the International Longshoremen’s Association continue to make salary and other demands to the United States Maritime Alliance, which controls … Read more

Powell indicates further, smaller rate cuts, insists the Fed is ‘not on any preset course’

Powell indicates further, smaller rate cuts, insists the Fed is ‘not on any preset course’

Federal Reserve Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive, in fact indicating the next moves will be smaller. The central bank chief asserted during a speech in Nashville, Tennessee, that he and his colleagues will … Read more

China stocks just had their best day in 16 years, sending related U.S. ETFs soaring

China stocks just had their best day in 16 years, sending related U.S. ETFs soaring

A shareholder at a securities hall in Hangzhou, the capital of Zhejiang province in east China, on Sept. 24, 2024. Cfoto | Future Publishing | Getty Images China stocks rallied to their best day in 16 years, with related U.S. ETFs also soaring after recent economic stimulus buoyed investor optimism in the market. The Shanghai … Read more

Truckers, rails scrambling to move billions in cargo

Truckers, rails scrambling to move billions in cargo

Shipping containers stacked at a storage yard outside of the APM Terminals yard at the Port of Mobile in Mobile, Alabama, US, on Saturday, Sept. 28, 2024. Micah Green | Bloomberg | Getty Images With a potential strike at ports up and down the East Coast and along the Gulf Coast set to begin after … Read more