Wages and benefits for American workers see smallest gains in three years
The numbers: Wages and benefits for American workers continued to decelerate in the fourth quarter, the Labor Department said Friday. The employment cost index rose at a 3.8% clip in the 12 months ...
Chevron logs its first refining loss in four years, sending stock lower
Chevron Corp.'s stock fell 3.9% Friday, after the oil company's downstream-refining business delivered its first loss in four years, hurt by lower margins on oil sales. The company also missed profit ...
Tariff shock ahead? This is the trade to make before the weekend headlines hit.
The NYMEX front-month gold contract (GC00) late Thursday rose above $2,850 an ounce for the first time as Goldman Sachs reiterated its $3,000 price target, saying the yellow metal was a hedge against ...
German Inflation Unexpectedly Falls, Reassuring ECB After Rate Cut — 2nd Update
Its President Christine Lagarde said the eurozone's economy is set to remain weak in the near term, suggesting that interest rates would continue to fall until a point at which they are no longer ...
Inflation finishes 2024 well above Fed's 2% target, PCE shows. Rate cuts on hold.
Fed Chair Jerome Powell said earlier this week he expects inflation to turn lower again, but he did not say when he expected it to happen. The most recent Fed forecast shows PCE inflation ending 2025 ...
News Highlights: Top Global Markets News of the Day - Friday at 9 AM ET
The central bank is on hold with interest rates until the inflation picture improves. Consumer prices were 2.3% higher in January than the first month of 2024, down from a 2.6% rise in December. As ...
News Highlights: Top Company News of the Day - Friday at 9 AM ET
The pharma major beat analysts' expectations in the fourth quarter of 2024, despite looming competition for its top heart drug Entresto. The watchdog blocked access to DeepSeek after the companies ...
Wages and benefits for American workers accelerate slightly in fourth quarter
The numbers: Wages and benefits for American workers accelerated in the fourth quarter. The employment-cost index (ECI) increased 0.9% from October to December, the government said Friday. That's up ...
We Expect A.O. Smith to Deliver a Strong Profit Margin in 2025 Despite Little Top-Line Growth
A.O. Smith has a conservative capital structure with more cash on hand than outstanding debt. At the end of the fourth quarter of 2024, the firm had $193 million in total debt and $276 million in cash ...
Canada GDP Rebounds After Economy Contracts in November — Update
After the economy in November shrank for the first time in almost two years, following 0.3% growth in industry-level gross domestic product the month before, preliminary data released Friday by ...
December PCE Report: PCE Inflation Index Up 2.6%, In Line With Expectations
The PCE Price Index year over year rose 2.6% in December, in line with forecasts and following an increase of 2.4% in ...