Market

India's annual budget prioritizes short-term relief through tax cuts, disappointing analysts who anticipated reforms to boost growth and address structural issues.

Published on: February 02, 2025, 02:01 PM UTC

Data center investment is booming, with tech and power companies raising record amounts of cash. Blue Owl Capital, Digital Realty, and Silicon Ranch are among those betting big on the new digital economy. CoreWeave, a Nvidia affiliate, is preparing to test stock investors' appetite for data center companies.

Published on: February 02, 2025, 02:01 PM UTC

Emerging market local debt outlook sours amid strong dollar, US tariffs, with investors reevaluating their bets on developing assets due to interest rate and trade policy uncertainties.

Published on: February 02, 2025, 02:00 PM UTC

India reviews stance on crypto due to shifting global attitudes, potentially delaying release of discussion paper.

Published on: February 02, 2025, 02:00 PM UTC

China's Lunar New Year box office revenue hit a record $791.65 million, driven by popular sequels and government stimulus.

Published on: February 02, 2025, 01:01 PM UTC

ECB policymaker Klaas Knot says that once inflation returns to the ECB's target, the central bank will no longer need to restrict economic growth via interest rates.

Published on: February 02, 2025, 01:00 PM UTC

The January jobs report is expected to show solid growth, while annual labor market revisions may indicate a more moderate hiring pace in recent years. Data on unemployment claims, manufacturing activity, and consumer spending will also be released. Investors and policymakers will monitor the impact of President Trump's tariff announcements and watch for monetary policy decisions from central banks around the world.

Published on: February 02, 2025, 01:00 PM UTC

US stocks stage rebound but Trump tariffs put pressure on Friday; corporate earnings reports in focus next week

Published on: February 02, 2025, 01:00 PM UTC

Interest rates on many mortgage terms have declined, including the 30-year fixed rate, which fell to 6.55%, its lowest point since December. While mortgage rates generally follow the 10-year Treasury yield, which has been decreasing, there's no guarantee this trend will continue. Current mortgage rates range from 5.88% for a 15-year fixed to 7.09% for a 7/1 ARM. Mortgage refinance rates are typically higher, but may not always be the case. Consider your short-term vs. long-term goals when choosing between a 15-year and 30-year mortgage. Fixed-rate mortgages lock in your interest rate for the life of the loan, while adjustable-rate mortgages may fluctuate. To get a low mortgage rate, save for a higher down payment, improve your credit score, and reduce debt-to-income ratio. Finding the best mortgage lender involves applying for preapproval with multiple companies and comparing interest rates and APRs.

Published on: February 02, 2025, 12:01 PM UTC

Canada and Mexico vow to retaliate after Trump imposes tariffs on their goods, triggering a trade war that could reshape global supply chains and impact global growth, profits, and financial markets.

Published on: February 02, 2025, 12:00 PM UTC