Goldman Sachs predicts gold could reach $3,000 per ounce by the second quarter of 2026 amid strong central bank demand.
Apple stock decreased as Vivo and Huawei overtook it as China’s top smartphone seller in 2024. Intel rose by over 8% in January due to
The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate.
Asian markets were mixed Friday as data showing China's economy grew slightly quicker than expected last year failed to inspire investors, with Beijing battling to revive consumption and boost the battered property sector.
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.
China Retains Loan Prime Rates
Investors in Asia also await China's inflation data for December. Economists polled by Reuters expect growth in consumer prices to remain near zero while producer prices are estimated to slide.
Shares are mostly lower in Asia after China reported that its economy grew at a 5% annual pace last year, hitting the government's target but slowing from the year before.
WASHINGTON (AP) — Donald Trump is holding off on tariffs during his first day and placing a big bet that his executive actions can cut energy prices and tame inflation. But it’s unclear whether his orders will be enough to move the U.S. economy as he promised.
The dollar fell to a two-week low after the Wall Street Journal reported that Donald Trump is unlikely impose new trade tariffs on his first day in office as many trading partners had feared.
Jared Bernstein, the outgoing chair of the Council of Economic Advisers, says that Donald Trump is inheriting a strong economy, but with less freedom to maneuver than he had during his first term.
Donald Trump has promised as president to aggressively use tariffs to bring trade partners and economic competitors to heel. Many experts fear a rise in prices.