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WTI crude surges to $58.30 as Trump warns Iran of 'hard response' and U.S. seizes Venezuelan oil tankers. Oil is on track for its third consecutive weekly gain.
The One Big Beautiful Bill Act's retroactive tax provisions mean Americans filing 2025 returns could receive refunds averaging $300 to $1,000 more than typical years, with total stimulus estimated at $30-100 billion.
The Federal Reserve Bank of New York's December Survey of Consumer Expectations shows job-finding expectations fell to a record low of 43.1%, while delinquency concerns hit pandemic-era highs.
Auto stocks surge after Treasury Secretary Bessent announces implementation of Trump's 'No Tax on American Car Loan Interest' policy allowing $10,000 annual deductions.
Treasury Secretary Bessent announced implementation of Trump's auto loan interest tax deduction, allowing up to $10,000 in annual deductions. Ford and GM shares jumped to new 52-week highs.
President Trump signed an executive order pressing defense contractors to halt stock buybacks and dividends while boosting investment in weapons production and infrastructure.
As Keytruda, Eliquis, and Ozempic approach patent expiration, pharmaceutical giants are racing to acquire biotech assets in what analysts call a once-in-a-generation opportunity.
Philadelphia Fed President Anna Paulson expressed 'cautious optimism' on inflation, signaling that rate cuts could be appropriate later in 2026 if price pressures continue to moderate toward the 2% target.
WTI crude falls below $57 per barrel as Venezuela oil transfers and potential Ukraine peace deal raise the specter of a major supply glut in 2026.
BioMarin Pharmaceutical announced plans to acquire Amicus Therapeutics for $4.8 billion, creating a rare disease powerhouse and signaling a new wave of biotech consolidation.
BioMarin Pharmaceutical announced plans to acquire Amicus Therapeutics for $4.8 billion, creating a rare disease powerhouse and signaling a new wave of biotech consolidation.
American consumers are pulling back after the holiday rush, with real spending growth expected to drop to just 1.5% in 2026 as debt levels and tariff fears weigh on households.