The S&P 500 climbed to a record high on Wednesday, fueled by enthusiasm over Netflix's quarterly results and the technology sector's strong performance.
China's National Bureau of Statistics announced that its population declined for the third consecutive year in 2024, despite a modest increase in births for the first time in seven years.
Scott Bessent, nominee for Treasury Secretary under the incoming Trump administration, is set to outline a bold economic agenda during his Senate confirmation hearing Thursday. According to prepared remarks, Bessent will emphasize the need to permanently extend the 2017 Tax Cuts and Jobs Act while advancing new policies to reduce the tax burden on manufacturers, service workers, and seniors.
President Joe Biden released a farewell letter to the nation on Wednesday ahead of his Oval Office address. The letter reflected on his tenure, showcasing what he claims are key accomplishments and personal triumphs during his presidency.
With less than a week until Inauguration Day, former President Donald Trump’s team is rallying support for his “Make America Wealthy Again” (MAWA) agenda, a continuation of his America First policies. In a video released to Breitbart News, Trump lays out his promises to reduce costs and reinvigorate the economy by prioritizing energy independence, cutting taxes, and fighting inflation.
Macy’s has announced plans to close 66 underperforming stores this year as part of its Bold New Chapter strategy, which includes closing about 150 underproductive locations over a three-year period.
California’s insurance commissioner, Ricardo Lara, issued a one-year moratorium on non-renewals and cancellations in areas affected by the state's fires.
U.S. Treasury Secretary Janet Yellen acknowledged in a CNBC interview that the Biden administration's pandemic stimulus spending may have contributed “a little bit” to inflation.
