Breaking News: Economy
- RH, Wayfair shares rise after Trump delays furniture tariffs again - Shares of furniture retailers rose in early Friday trading after President Donald Trump delayed an increase in tariffs.
- Will he stay or will he go? Powell is not saying whether he'll stay on Fed board when chair term ends - Fed Chair Jay Powell has so far skirted the question of whether he'll stay on with the Fed when his term ends this year.
- Singapore fourth-quarter GDP jumps 5.7%, beats expectations on strong manufacturing - The advance figure was also up from the 4.2% growth in the quarter before, and pushed the country's full year GDP to 4.8%
- Economist Mark Zandi sees the Fed surprising with three rate cuts in first half of 2026 - Markets and Fed officials themselves see only modest easing in the year ahead.
- Fed minutes show officials were in tight split over December rate cut - The Federal Reserve on Tuesday released minutes from its December meeting.
- 10-year Treasury yield lower as investors mull rates path following strong GDP data - The 10-year benchmark yields edged lower at the start of a shorter trading day.
- U.S. economy grows by 4.3% in third quarter, much more than expected, delayed report shows - The U.S. economy grew at a much bigger-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed.
- Gas prices fall to four-year lows as millions embark on holiday road trips - The average price of unleaded gasoline in the U.S. is at its lowest since 2021, according to AAA.
- Holiday retail spending rose 4.2% this season, driven by e-commerce and electronics: Visa report - U.S. holiday retail spending rose 4.2% as consumers spent more on tech and apparel, with online sales jumping 7.8%, Visa data shows, despite higher prices.
- Gold and silver prices soar to new highs as the yellow metal reemerges as a hedge - It comes as fiscal deficits and the race for the next chair of the Federal Reserve weighs on investors' minds.