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[ad_1] President-elect Donald J. Trump won the White House based partly on his promises to rein in immigration, with targeted policies that range from sending criminals to their home countries to more sweeping ones like mass deportations. During the campaign, Trump pledged to end the Temporary Protected Status that allows workers from select countries to come…
[ad_1] Shoppers on the high street in the Kingston district of London, U.K. Bloomberg | Bloomberg | Getty Images U.K. inflation fell to the Bank of England’s target of 2.0% in May, the Office for National Statistics said Wednesday, in the last print of the key economic measure ahead of national elections in July. The…
[ad_1] U.S. stock futures were marginally lower Tuesday morning after a losing day for the major benchmarks. Dow Jones Industrial Average futures inched lower by 51 points, or 0.13%. S&P 500 futures and Nasdaq 100 futures were down 0.1% and 0.04%. Wall Street is coming off a choppy day for the major benchmarks. The 30-stock…
[ad_1] A worker is working at an auto gear manufacturing enterprise in Qingzhou Economic Development Zone, Shandong, March 31, 2024. Future Publishing | Future Publishing | Getty Images China’s manufacturing activity expanded for the first time in six months in March, an official factory survey showed on Sunday, offering relief to policymakers even as a…
[ad_1] People walk along Waterloo Bridge past the City of London skyline, the capital’s financial district, on a sunny and mild day. Sopa Images | Lightrocket | Getty Images LONDON — U.K. gross domestic product grew 0.2% in January, the Office for National Statistics said Wednesday, as construction output jumped unexpectedly. The headline figure was…
[ad_1] U.S. Treasury yields were higher on Friday as investor attention remained focused on the path ahead for the economy and monetary policy. At 6:24 a.m. ET, the yield on the 10-year Treasury was up over 3 basis points at 3.887%. The 2-year Treasury yield was last around 2 basis points higher at 4.301%. Yields…
[ad_1] Few names exude “quiet luxury” like the ultra-luxe Aman Resorts. Its hotels bear its moniker: from Amanoi in Vietnam, to Aman Sveti Stefan in Montenegro and the hotel that started it all — Amanpuri in Phuket, Thailand. Fans of the brands — known as ‘Aman Junkies’ — are accustomed to paying its top-dollar rates,…
[ad_1] Check out the companies making headlines in midday trading. Nike , Foot Locker — Shares of Nike plummeted 10% after the athletic apparel company slashed its revenue outlook and announced it would cut about $2 billion in costs over the next three years. On Thursday, Nike posted fiscal second-quarter revenue of $13.39 billion, short…
[ad_1] A FedEx plane lands at Shanghai Pudong International Airport in Shanghai on April 27, 2023. Vcg | Visual China Group | Getty Images FedEx shares tumbled 8% in after-hours trading Tuesday after the package delivery giant lowered its revenue forecast as weaker demand hit sales. The company said it expects a low-single-digit decline in…
[ad_1] Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the 2008 financial crisis, suggests Federal Reserve Chair Jerome Powell was irresponsibly dovish at last week’s policy meeting by creating “irrational exuberance” among investors. “The focus still…