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View XLY on Yahoo Finance →2025-02-21
US consumer sentiment plunges on worries over prices from inflation and tariffs
Feb 21, 2025, 8:21 PM
Consumer sentiment plunged more than expected in February while households' expectations about inflation surged amid uncertainty over the impact of President Trump's economic plans.
Fed officials flag rising inflation risks amid uncertainty over Trump policies, tariffs
Feb 21, 2025, 8:19 AM
Federal Reserve officials cautioned that uncertainty over the impact of President Trump's tariffs and immigration policies could impact the outlook for curbing inflation.
2025-02-19
Stock market today: S&P 500, Dow, Nasdaq futures falter with fresh tariffs, Fed minutes in focus
Feb 19, 2025, 7:08 AM
Investors are weighig Trump's latest tariff salvo and waiting for Fed minutes for insight into future policy.
Inflation soars on airfares and private school fees
Feb 19, 2025, 2:18 AM
The pace of price rises jumped to 3%, above expectations as well as the Bank of England's target.
2025-02-18
Americans' credit card and household debt reach all-time high
Feb 18, 2025, 2:22 PM
Americans' credit card debt set a new record of $1.2 trillion in the last quarter of 2024, while overall household debt reached a new high of about $18 trillion, the New York Fed found.
2025-02-17
Can the Federal Reserve Look Past Trump’s Tariffs?
Feb 17, 2025, 6:01 PM
Top officials are grappling with how to handle potential price increases caused by the administration’s policies.
2025-02-14
Jon Taffer schools Democrat leader who pointed fingers at Trump over rising prices
Feb 14, 2025, 11:44 AM
"Bar Rescue" host Jon Taffer warns that economic stability matters more than lower prices.
Retail sales see biggest drop in a year to start 2025
Feb 14, 2025, 9:49 AM
Retail sales declined more than expected in January after several strong months of gains to end 2024.
2025-02-12
US inflation unexpectedly increases
Feb 12, 2025, 8:54 AM
US inflation increased by more than expected last month, pushing up the cost of living for Americans.
New round of Social Security payments will be made this week
Feb 12, 2025, 7:00 AM
Social Security payments are paid out to beneficiaries at different times of the month depending on their birthdate and how long they've been receiving benefits.
2025-02-07
Stock market today: Dow, S&P 500, Nasdaq slide as inflation, tariff fears push stocks to another losing week
Feb 7, 2025, 5:53 PM
Investors took in Amazon earnings, with the all-important jobs report on deck.
Inflation fears rise to highest since Nov. 2023 as consumer sentiment hits 7-month low
Feb 7, 2025, 11:53 AM
The latest University of Michigan consumer sentiment survey showed more Americans are anxious about the inflation outlook.
Trump's tariffs on Mexico and Canada will increase prices for consumers; experts offer details
Feb 7, 2025, 6:00 AM
President Donald Trump's tariffs on Mexico and Canada could take effect next month, with consumers likely to see prices rise for several types of products if they move forward.
Stock market today: Dow, S&P 500, Nasdaq slide as inflation, tariff fears push stocks to another losing week
Feb 7, 2025, 4:06 PM
Investors took in Amazon earnings, with the all-important jobs report on deck.
2025-02-06
The biggest factor that could break the stable labor market: Morning Brief
Feb 6, 2025, 6:00 AM
In a labor market driven by consumer-led sectors, a resurgence in inflation could be the largest looming risk to the health of the jobs picture.
2025-02-05
Private sector adds 183,000 jobs in January, above expectations, ADP says
Feb 5, 2025, 8:19 AM
Companies in the private sector added 183,000 jobs in January, payroll processing firm ADP said on Wednesday. The figure is above economists’ estimates of 150,000 jobs.
2025-02-03
Trump agrees to pause tariffs on Canada and Mexico but not on China
Feb 3, 2025, 10:39 PM
Last-minute phone calls pull the North American neighbours back from the brink of a trade war, but the US is still targeting Chinese imports.
Stock market today: Dow, S&P 500, Nasdaq pare losses after Trump delays tariffs against Mexico
Feb 3, 2025, 11:49 AM
US stock futures pointed to sharp losses for the major indexes, as Wall Street showed the effects of President Donald Trump’s announcement of tariffs.
Stock market today: Dow, S&P 500, Nasdaq tumble after Trump hits Canada, Mexico, China with tariffs
Feb 3, 2025, 10:47 AM
US stock futures pointed to sharp losses for the major indexes, as Wall Street showed the effects of President Donald Trump’s announcement of tariffs.
Stock market today: Dow, S&P 500, Nasdaq sink after Trump hits Canada, Mexico, China with tariffs
Feb 3, 2025, 9:37 AM
US stock futures pointed to sharp losses for the major indexes, as Wall Street showed the effects of President Donald Trump’s announcement of tariffs.
Six things that could get more expensive for Americans after Trump tariffs
Feb 3, 2025, 8:22 AM
Economists warn that the introduction of tariffs could lead to prices rising for consumers on a wide range of products.
2025-02-02
From Groceries to Cars, Tariffs Could Raise Prices for U.S. Consumers
Feb 2, 2025, 2:05 PM
President Trump’s new tariffs on goods from Canada, Mexico and China are likely to result in higher prices for lots of products, including computers, tequila and gas.
Canada tariffs: Trudeau hits back against Trump with 25% levy
Feb 2, 2025, 5:28 AM
Canada announces retaliatory tariffs against the US, in a move that is likely to be costly for both nations.
Canada, Mexico announce retaliatory tariffs on US imports in response to Trump's tariffs on American neighbors
Feb 2, 2025, 12:57 AM
Canada and Mexico announced tariffs on U.S. imports on Saturday in retaliation for President Donald Trump placing tariffs on the two countries.
2025-01-31
Here's how tariffs on Canada, China and Mexico may impact U.S. consumers
Jan 31, 2025, 3:57 PM
The Trump administration is imposing tariffs on the three nations starting on Saturday, the White House said.
Inflation gauge favored by Fed showed price growth picked up in December
Jan 31, 2025, 8:34 AM
The Federal Reserve's preferred inflation gauge, known as the personal consumption expenditures index, rose in December in line with economists' expectations.
2025-01-30
GDP: US economy grows at slower-than-expected pace in fourth quarter
Jan 30, 2025, 12:55 PM
The latest reading on US economic growth and inflation comes as investors debate when, or if, the Federal Reserve will resume cutting interest rates in 2025.
US economic growth slows despite consumers spending more
Jan 30, 2025, 9:22 AM
The world's largest economy missed forecasts after expanding at 2.3% between October and December.
2025-01-24
Pressure from Shein, Temu accelerate retail closures
Jan 24, 2025, 6:05 AM
Retailers are facing relentless competition from controversial fast-fashion companies Shein and Temu, according to Coresight Research, which anticipates 15,000 retail closures this year.
2025-01-23
Trump Drive to Cut Safety Net Could Hit His Voters
Jan 23, 2025, 3:54 PM
The new administration wants to slash aid for health, food, and housing, but many of those programs now reach the struggling working class he is courting.
2025-01-20
Trump Holds Off on Tariffs, but Paves the Way for Future Trade Action
Jan 20, 2025, 1:41 PM
The president’s executive action on trade will keep all possibilities on the table, including eventual tariffs against China, Canada and Mexico.
2025-01-16
Fed Governor Waller sees potential for multiple interest rate cuts in 2025
Jan 16, 2025, 12:23 PM
In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year.
Stock market today: Dow, S&P 500, Nasdaq waver amid earnings rush, Bessent confirmation hearing
Jan 16, 2025, 1:34 PM
Investors are looking to more big bank earnings and fresh retail sales data to help keep the rally going.
2025-01-15
Stock market today: Dow, S&P 500, Nasdaq soar as inflation cools, bank earnings shine
Jan 15, 2025, 1:10 PM
A better than-expected- consumer inflation report sparked a rally in stocks on Wednesday.
A 2025 tax debate starts with a focus on a subject of bipartisan agreement: The child tax credit
Jan 15, 2025, 4:00 AM
A historic 2025 tax debate is formally underway. A lot of the early focus is on an issue well known to pretty much every taxpayer: the child tax credit.
UK inflation rate falls to 2.5% in December
Jan 15, 2025, 2:02 AM
The slower rate means inflation is still above the Bank of England's 2% target.
2025-01-13
Strong US dollar to test 'recurring phenomenon' this earnings season
Jan 13, 2025, 2:51 PM
The US dollar has surged into the new year — and its rapid rise could further test corporate earnings.
Biden's latest round of student loan handouts brings admin total to more than 5 million
Jan 13, 2025, 1:39 PM
President Biden approved student loan handouts for another 150,000 people on Monday with just days left until his term in office comes to an end.
Stock market today: Dow, S&P 500, Nasdaq sink amid cratered hopes for 2025 rate cuts
Jan 13, 2025, 9:32 AM
Stocks are under pressure as strong data craters bets on the chances of Fed rate cuts.
2025-01-10
U.S. Employers Add 256,000 Jobs in December
Jan 10, 2025, 5:02 AM
A December gain of 256,000 blew past forecasts, and unemployment fell to 4.2 percent. But markets recoiled as interest rate cuts seemed more distant.
2025-01-07
AI chatbots drive online holiday spending to record level
Jan 7, 2025, 1:27 PM
Online spending throughout the 2024 holiday shopping season reached a record high and was driven, in part, by generative AI chatbots that funneled traffic to retail sites.
2025-01-06
'City centre was full every day thanks to Christmas market'
Jan 6, 2025, 7:03 PM
Shoppers prefer a location where they can "eat, drink and socialise".
2025-01-02
Stock market today: Dow, S&P 500, Nasdaq fall as comeback bid falters and Tesla, Apple slide
Jan 2, 2025, 4:45 PM
Markets attempted to kick off the new year on the front foot as faith in techs reemerged.
2024-12-31
Here's where Wall Street sees stocks heading after the best 2-year stretch since '97-'98
Dec 31, 2024, 4:15 PM
Wall Street strategists see further gains for the S&P 500 in 2025 as a broadening of earnings growth and a resilient US economy continue to drive the bull market rally.
2024-12-26
IRS to send unclaimed tax rebates to 1M Americans
Dec 26, 2024, 10:42 AM
The IRS is sending about 1 million eligible American taxpayers a payment this month for the pandemic-era Recovery Rebate Credit that they didn't claim on their 2021 tax returns.
2024-12-23
I.R.S. to Send Out Unclaimed Tax Credit to One Million Taxpayers
Dec 23, 2024, 6:23 PM
Some Americans who qualified for a pandemic-era tax credit but did not claim it will get up to $1,400 in their account within the next month.
Americans are less confident about where the US economy is headed
Dec 23, 2024, 11:28 AM
The potential impact of President-elect Donald Trump's policies remained top of mind for consumers in December, per the Conference Board.
The IRS is sending $1,400 stimulus checks to 1 million taxpayers. How to tell if you qualify
Dec 23, 2024, 3:43 PM
The automatic deposits will be issued “later this month” and should arrive ”in most cases” by late January 2025.
Evergreen investor lessons: Key takeaways from 2024
Dec 23, 2024, 5:09 AM
While it may be difficult to compile a comprehensive list of all the major events of the year, hopefully we’ll at least be able to remember the lessons we learned from them
2024-12-20
PCE Inflation, the Fed’s Preferred Measure, Sped Up in November
Dec 20, 2024, 8:40 AM
The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more subdued than expected.
2024-12-19
U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate
Dec 19, 2024, 8:35 AM
The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate. Third-quarter growth in U.S. gross domestic product — the economy's output of goods and services — accelerated from the April-July rate of 3% and continued to look sturdy despite high interest rates, the Commerce Department said Thursday. GDP growth has now topped 2% in eight of the last nine quarters.
Fed rate cut: How it affects your bank accounts, loans, credit cards, and investments
Dec 18, 2024, 2:00 PM
How the Fed's decision on interest rates affects savings products, various types of loans, and credit cards.
2024-12-18
Fed 'dot plot' shows central bank will cut interest rates two more times in 2025
Dec 18, 2024, 2:27 PM
The Federal Reserve will take a more cautious approach to its easing cycle, according to the latest dot plot projections.
The Fed sees only two rate cuts in 2025, fewer than previously projected
Dec 18, 2024, 2:24 PM
The so-called dot-plot, which indicates individual members' expectations for rates, showed officials see interest rates falling to 3.9% by the end of 2025.
US cuts interest rates despite inflation risk
Dec 18, 2024, 2:01 PM
The Federal Reserve has been cutting rates since September, even as inflation progress stalls.
Kevin O'Leary explains why CEOs 'want to suck up to Trump in a very big way'
Dec 18, 2024, 11:14 AM
Whether it's meeting about taxes or deregulation, Kevin O'Leary believes America's top CEOs want to "suck up" to Trump for one overarching reason: power.
How you can give the gift of stocks this Christmas to get loved ones started on their investment journey
Dec 10, 2023, 7:28 AM
If you're looking for a unique gift to give this Christmas, consider stocks. The gift of stocks can get a loved one started on their investment journey, and has the potential to grow through time.
UK inflation rate rises for second month in a row
Dec 18, 2024, 2:00 AM
Economists say the faster pace of price rises all but rules out an interest rate cut next week.
2024-12-17
Stock market today: Dow eyes longest losing streak since 1978 as stocks slide ahead of Fed decision
Dec 17, 2024, 2:58 PM
The Fed meeting kicks off with investors on alert for clues to the path of rates after the widely expected December cut.
The inflation you don’t see
Dec 17, 2024, 1:21 PM
Inflation is now a services problem, with the cost of rent, insurance, pet care, and many other things rising by more than incomes.
Pay jumps as job vacancies continue to fall
Dec 17, 2024, 2:22 AM
Pay growth has picked up for the first time in more than a year, official figures show.
2024-12-15
More Americans have brighter outlook on state of finances for next year: survey
Dec 15, 2024, 8:12 AM
As the new year approaches, more Americans have a brighter outlook for the state of their personal finances in 2025, a recent Bankrate survey indicated.
2024-12-14
Many student loan borrowers are in for a big, bad surprise in 2025
Dec 14, 2024, 10:28 AM
Millions of Americans who are behind on their student debt may face a financial shock next year.
2024-12-13
Holiday Tipping Guide: Whom to Tip, and How Much
Dec 13, 2024, 9:00 AM
Consumers have said they are confused and frustrated with tipping expectations generally. But, one expert says, “people generally want to feel more generous around the holidays.”
2024-12-12
Grocery prices pack some punch as overall inflation holds steady
Dec 11, 2024, 12:09 PM
Price inflation is slowing for many goods, as the Consumer Price Index increased 2.7%.
2024-12-11
CPI: Live Updates on Latest Inflation Report
Dec 11, 2024, 7:58 AM
Inflation has been cooling notably after peaking in 2022, but in recent months it has shown signs of stalling.
An 'unfamiliar' era for investors has arrived after a 20-year 'regime': Morning Brief
Dec 11, 2024, 6:04 AM
As another CPI reading is set to show the continued challenge of reeling in inflation, RSM chief economist Joe Brusuelas says that things are different now — and explains what that means.
2024-12-10
If Trump adds tariffs, ‘either way, there is a cost to consumers,’ economist says
Dec 10, 2024, 3:45 PM
President-elect Donald Trump's tariff plan is expected to raise costs, especially for low and middle earners, experts said. But the scope of tariffs is unclear.
Gas prices hit a 3-year low – where are they headed next?
Dec 10, 2024, 2:21 PM
Drivers are getting some relief at the pump this week as the average cost for a gallon of regular gasoline in the U.S. reached a three-year low, AAA said.
2024-12-06
Economic optimism jumps for Republicans, sinks for Democrats after Trump's election win
Dec 6, 2024, 12:11 PM
The University of Michigan Consumer Index rose in December but which political party respondents belonged to proved to be a key dividing line on how they're feeling about the economy.
November Jobs Report Shows Gain of 227,000; Unemployment Rises
Dec 6, 2024, 5:04 AM
Hiring bounced back after disruptions from storms and a major strike.
US economy added 227K jobs in November, above expectations
Dec 6, 2024, 8:32 AM
The Labor Department on Friday released the much anticipated November jobs report, which showed the economy added 227,000 jobs, while the unemployment rate ticked up.
Jobs Report Live Updates: U.S. Adds 227,000 Jobs in November
Dec 6, 2024, 6:05 AM
The labor market added 227,000 jobs, a big rebound from October, when storms in the Southeast and a major strike disrupted work. The unemployment rate ticked up slightly to 4.2 percent.
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.
2024-12-02
Stock market today: S&P 500, Nasdaq close at record highs as tech surges to kick off December
Dec 2, 2024, 4:00 PM
Investors are looking ahead to a week of labor data that could influence the scope of interest rate cuts.
S&P 500 will hit 6,666 in 2025 with large cap value stocks leading the way: BofA
Dec 2, 2024, 12:19 PM
Bank of America believes strong economic growth will support further broadening of the stock market rally in 2025.
2024-11-26
Trump’s Tariff Threat Roils Global Markets
Nov 26, 2024, 8:06 AM
The dollar gained and investors sold off stocks after the president-elect promised to levy new restrictions on the United States’ biggest trade partners.
Stock market today: Dow, S&P 500, Nasdaq futures edge higher as Wall Street weighs Trump's tariff threats
Nov 26, 2024, 6:58 AM
Investors are assessing the likelihood Trump will deliver on his threat to impose fresh tariffs on China, Canada and Mexico.
Work and benefits: 'I want to get a job but I don't know how'
Nov 26, 2024, 2:27 AM
The BBC speaks to young people yet to enter the workforce as well as those who have chosen to leave it.
2024-11-25
Americans hosting Thanksgiving to spend 19% more than last year: report
Nov 25, 2024, 6:00 AM
Inflation is continuing to strain American households, as LendingTree found Thanksgiving hosts plan to spend 19% more than last year on food, drinks and decor for the party.
2024-11-23
Medicare premiums rise for 2025, nicking retirees' Social Security checks
Nov 23, 2024, 11:51 AM
Seniors awaiting bigger Social Security checks next year may be shocked to discover higher Medicare premiums will eat up a chunk of their cost-of-living adjustment.
Republicans Ponder: What if the Trump Tax Cuts Cost Nothing?
Nov 23, 2024, 5:03 AM
Some in the party are considering alternative ways of assessing the federal budget as they prepare to extend temporary tax cuts passed in 2017.
2024-11-22
First Trust Advisors chief economist Brian Wesbury on tight consumer credit conditions, the state of the stock market and how Trump's Cabinet picks will impact the macroeconomy.
This week in Bidenomics: The Republican economy takes off
Nov 22, 2024, 2:07 PM
Republicans suddenly think the economy is much better. Democrats think it is worse. Why might that be?
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.
2024-11-21
US weekly jobless claims hit seven-month low
Nov 21, 2024, 9:44 AM
The number of Americans filing new applications for unemployment benefits fell to a seven-month low last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid hurricanes and strikes. The report from the Labor Department on Thursday also showed unemployment rolls swelling to levels last seen in late 2021. Labor market slack keeps the door open for a third interest rate cut from the Federal Reserve next month, despite a recent lack of progress lowering inflation to its 2% target.
2024-11-20
UK inflation: Four things the latest figures tell us
Nov 20, 2024, 8:03 AM
The inflation rate has risen, putting pressure on people's finances and casting doubt on interest rate cuts.
2024-11-17
The holidays are coming and experts say Americans will be opening their wallets
Nov 17, 2024, 9:48 AM
Americans plan to spend more on holiday shopping this year than they did last year.
How to Stop a Late-in-Life Divorce From Ruining Your Retirement
Nov 17, 2024, 3:00 AM
As the number of couples who split after the age of 50 rises, more Americans are looking at a retirement that is drastically different than they had expected.
2024-11-15
Stock market today: Dow, S&P 500, Nasdaq slide as traders trim rate-cut bets
Nov 15, 2024, 10:16 AM
Wall Street is absorbing a jump in retail sales and Jerome Powell's hawkish comments as Trump-fueled optimism starts to wear off.
Stock market today: Dow, S&P 500, Nasdaq slide as traders trim rate-cut bets
Nov 15, 2024, 10:16 AM
Wall Street is absorbing a jump in retail sales and Jerome Powell's hawkish comments as Trump-fueled optimism starts to wear off.
October retail sales top estimates, September spending revised sharply higher
Nov 15, 2024, 9:01 AM
October's retail sales report will be closely watched by investors for signs that the US economy remains on solid footing as the Federal Reserve begins to cut interest rates.
2024-11-14
What a Trump Presidency Could Mean for Social Security Benefits
Nov 14, 2024, 11:14 AM
Readers are concerned that his campaign proposals would put Social Security’s finances on thinner ice, endangering their payments.
2024-11-13
Republicans and Democrats Highly Divided in Economic Outlook Under Trump
Nov 13, 2024, 5:04 AM
Consumer sentiment among Republicans has soared to its highest point since Donald J. Trump left the White House, while declining among Democrats.
2024-11-12
Trump’s Tariffs Could Deal a Blow to Mexico’s Car Factories
Nov 12, 2024, 12:00 AM
The president-elect has said he could impose tariffs as high as 200 percent on car imports from Mexico, a move that could hurt factories and workers on both sides of the border.
2024-11-11
Trump trade powers Dow 44,000, S&P 6,000 as stocks keep humming
Nov 11, 2024, 8:26 PM
The Dow, S&P 500 and Nasdaq Composite hit a fresh round of new record highs as investor optimism continues following President-elect Donald Trump's historic White House win.
2024-11-09
Student loans: Former university students urged to for refunds
Nov 9, 2024, 7:06 AM
New figures show university graduates could be eligible for refunds worth nearly £200m.
2024-11-07
Fed cuts interest rates by quarter-point
Nov 7, 2024, 2:01 PM
The Federal Reserve on Thursday announced it will cut the benchmark interest rate by 25 basis points, with its second consecutive rate cut coming amid signs of cooling inflation.
Here's what changed in the new Fed statement
Nov 7, 2024, 2:09 PM
This is a comparison of Thursday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in September.
What Trump’s Win Means for the Federal Reserve and Jerome Powell
Nov 7, 2024, 5:04 AM
Donald J. Trump spent his first presidency on a collision course with America’s central bank. Will it intensify?