XLB News Explorer
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View XLB on Yahoo Finance →2025-01-08
Los Angeles Fires to Top $50 Billion in Damage, AccuWeather Says
Jan 8, 2025, 4:24 PM
(Bloomberg) -- The wildfires raging out of control around Los Angeles will likely cause between $52 billion to $57 billion in damages and economic loss, according to a preliminary estimate by AccuWeather Inc.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runawa
2025-01-06
Trump Team Mulls Narrowing Universal Tariffs, Post Reports
Jan 6, 2025, 7:20 AM
(Bloomberg) -- Aides to President-elect Donald Trump are considering a tariff plan that would apply to all countries but be limited to specific critical imports, the Washington Post reported, citing three people familiar with the discussions who it didn’t identify. Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYC Congestion Pricing to Take Effect After Years of DelaysNYC Congestion Pricing Takes Effect After Years of DelaysNYPD Seeking Gunmen After 10 People Wounded O
2024-12-18
Here's what changed in the new Fed statement
Dec 18, 2024, 2:07 PM
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in November.
2024-12-04
Wall Street is betting on a strong US economy in 2025: Morning Brief
Dec 4, 2024, 6:00 AM
So far, most equity strategy teams see the stock market rising in 2025, buttressed by another strong year of economic growth. That may favor value stocks this time — instead of yet another year of Big Tech domination.
2024-12-01
Canada's ambassador to the US says Trudeau's dinner with Trump key to getting tariffs removed
Dec 1, 2024, 3:17 PM
Canada's ambassador to the United States said Sunday that Prime Minister Justin Trudeau was successful in getting President-elect Donald Trump and key Cabinet nominees to understand that lumping Canada in with Mexico over the flow of drugs and migrants into the U.S. is unfair. Kirsten Hillman, Canada's ambassador in Washington, told The Associated Press in an interview that Trudeau's dinner with Trump on Friday was a very important step in trying to get Trump to back away from threatened tariffs on all products from the major American trading partner.
2024-11-30
For Canada, Trade Tumult From Trump’s Return Has Begun
Nov 30, 2024, 6:00 AM
While the president-elect says he will impose a 25 percent tariff on everything Canada exports, Trudeau remains confident about forestalling that outcome.
2024-11-22
Why Trump Allies Say Immigration Hurts American Workers
Nov 22, 2024, 5:03 AM
JD Vance and others on the “new right” say limiting immigration will raise wages and give jobs to sidelined Americans. Many studies suggest otherwise.
2024-11-12
Why GOP Senate leader hopefuls might want to avoid talk of new Trump tariffs
Nov 12, 2024, 4:00 AM
The contest to be the face of Senate Republicans is coming to a head this week. One issue contenders might want to avoid during the final stretch is Trump's ambitious tariff plan.
2024-10-30
Musk agrees his cuts would cause economic pain. But, if elected, could Trump and his Republican allies stomach it?
Oct 30, 2024, 4:57 PM
Elon Musk agreed with an X post predicting how Trump's mass deportations and Musk's proposed $2 trillion cut to federal spending would play out. It would be a rough couple of years.
GDP Report Shows US Economy Grew at 2.8% Rate
Oct 30, 2024, 8:33 AM
In a key economic report released just days before the presidential election, growth was again driven by robust consumer spending.
2024-10-24
Wall Street’s trading desks are having a great year. The election could keep that going.
Oct 24, 2024, 4:00 AM
Trading desks at major banks are expecting a flurry of activity when the chaotic 2024 election comes to a close, and that could cement what is already a banner year for Wall Street.
2024-10-17
Mortgage rates march higher for third straight week
Oct 17, 2024, 12:07 PM
Mortgage rates climbed again for a third straight week, further dinging demand as the housing market continues to suffer from an affordability crisis.
2024-10-10
Stock market today: Dow, S&P 500 slip as inflation, jobs data cloud Fed rate-cut picture
Oct 10, 2024, 4:06 PM
Investors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
2024-10-02
China and Middle East tensions push commodities into the spotlight: Morning Brief
Oct 2, 2024, 6:00 AM
A confluence of geopolitical factors has suddenly turned somewhat sleepy commodities into must-watch markets.
2024-09-30
Gatestone Institute senior fellow Gordon Chang discusses China cutting existing mortgage rates, the Biden administration's relationship with the country and President Xi Jinping's rising aggression.
UK economy grew less than thought in spring
Sep 30, 2024, 2:33 AM
The downwards revision in growth between April and June comes ahead of next month's Budget.
2024-09-23
Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead
Sep 23, 2024, 9:00 AM
Kashkari said Monday that he expects to dial down the pace of interest rate reductions after the central bank eased policy by a half percentage point last week.
2024-09-20
Now That Rates Are Falling, Let’s Turn to Other Matters
Sep 20, 2024, 5:03 AM
The Federal Reserve has at last cut interest rates but our columnist points out a host of concerns that could weigh on financial markets.
2024-08-29
Get rid of 5p fuel duty cut, RAC tells chancellor
Aug 29, 2024, 4:15 AM
The motoring group claims retailers not drivers have benefitted from lower tax on petrol and diesel.
2024-08-27
Dallas Fed highlights warning pointing to 'economic weakness'
Aug 27, 2024, 12:29 PM
In the Federal Reserve Bank of Dallas' latest report on Texas manufacturing, several producers issued dire warnings about the state of the economy and the consumer.