Consumer backlash sparks crackdown on complex and punishing power tariffs
The Australian Energy Market Commission will crack down on 'concerning practices' by some energy providers amid the rollout ...
Mortgage rates edge lower after Trump picks Bessent to lead Treasury
Mortgage rates were little changed this week as financial markets reacted to President-elect Donald Trump’s slate of Cabinet ...
Here’s how high inflation could rise on Trump’s tariffs on Canada, Mexico
Trump’s threatened tariffs on Canada and Mexico may boost inflation in the U.S., but there’s still “huge uncertainty” around macroeconomic forecasts, according to Deutsche Bank Research.
Canadian dollar gains as tariff-threat shock fades
The Canadian dollar extended its recovery from a 4-1/2 year low against its U.S. counterpart on Wednesday as investors bet on ...
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Ohio Supreme Court ruling paves way for utility regulator appeals
On Tuesday, the Ohio Supreme Court rejected AES Ohio’s bid to end appeals by a consumers group that, if successful, could one day result in millions in consumer refunds. The ruling sets the stage for ...
What are tariffs and who pays for them? Here’s what to know about Trump’s proposal
Trump said he will impose a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff ...
Dow tops 45K for first time — but Wall Street slips as tech stocks slump
The Dow topped 45,000 for the first time but Wall Street’s main indexes fell on Wednesday, with the Nasdaq leading declines ...
US consumer spending rises solidly, inflation appears stuck above Fed target
U.S. consumer spending increased slightly more than expected in October, suggesting the economy retained much of its solid ...
Inflation ticks higher, upping shopping season pressure
Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has ...
Key inflation metric rises 0.2% in October, 2.3% annually, in line with expectations
Personal Consumption Expenditures inflation in October rose 0.2%, an increase of 2.3% from a year ago. The Wednesday estimate ...
Nasdaq down, S&P off high with tech stocks under pressure, PCE inflation staying sticky
The Wall Street major averages were mixed on Wednesday, as investors received a slew of economic data ahead of the Thanksgiving Day holiday.
Here's why Wall Street's previously most bearish bank now sees the S&P 500 hitting 6,500 in 2025
But now JPMorgan has pretty much matched its peers in giving an S&P 500 target of 6,500 for 2025. Analyst forecasts compiled by MarketWatch show a median average for the benchmark index of 6,600 by ...