By Karen Brettell NEW YORK (Reuters) -The Japanese yen rose off a five-month low against the dollar on Friday after a summary of opinions from the Bank of Japan’s December policy meeting showed some policymakers gaining confidence in an imminent rate increase, while the Japanese central bank also cut its monthly bond purchases. Some Bank … Read more
Stocks are ending 2024 near record highs. Over the past 12 months, the Nasdaq Composite (^IXIC) has rallied more than 31% and the S&P 500 (^GSPC) has climbed over 25%. Meanwhile, the blue-chip Dow Jones (^DJI) has risen a more modest 14%. Below is a collection of 10 charts that tell the story of market … Read more
By Savyata Mishra and Juveria Tabassum (Reuters) -The Nordstrom family teamed up with Mexican retailer Liverpool to clinch a $4 billion deal to take iconic department store chain Nordstrom private, six years after a similar attempt fell short. Nordstrom and rivals such as Macy’s have become enticing takeover targets in recent years as sales have … Read more
Nvidia (NVDA) has had the kind of year most companies can only dream of. Its revenue and stock price soared thanks to prescient investments in artificial intelligence technologies that are paying off handsomely on the back of the generative AI wave. That’s not all. It’s repeatedly swapped places with Apple (AAPL) as the largest publicly … Read more
Tim Kitchen | The Image Bank | Getty Images There may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. In fact, the most in recorded history. The number of extra bedrooms, which is defined as a bedroom in excess of the number of … Read more
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled little changed on Friday as markets weighed Chinese demand and interest rate-cut expectations after data showed cooling U.S. inflation. Brent crude futures closed up 6 cents, or 0.08%, at $72.94 a barrel. U.S. West Texas Intermediate crude futures rose 8 cents, or 0.12%, at $69.46 per barrel. … Read more
By David French (Reuters) -Wall Street’s main indexes all ended higher on Monday, with both the Dow Jones Industrial Average and the Nasdaq Composite making it three straight wins, aided by gains by many of the so-called Magnificent Seven tech stocks on a holiday-thinned trading day. With megacap stocks having outsized influence on markets, their … Read more