Market

The stock market rally took a pause near record highs, but remains on track for its strongest start to a presidential term since Ronald Reagan took office in 1985. The S&P 500 climbed about 2% this week, boosted by President Trump's pro-growth policies and softening stance on China tariffs. However, a rout in chipmakers weighed on trading Friday. Bonds rose amid data showing a drop in US consumer sentiment and a slight pullback in the growth pace of business activity. The yield on 10-year Treasuries declined two basis points to 4.62%. The dollar was set for its biggest weekly drop since July 2023. Cryptocurrency-linked firms rallied following Trump's executive order favoring the industry.

Published on: January 24, 2025, 07:00 PM UTC

Oil prices fall on Trump's threats and OPEC+ pressure, despite lingering market tightness due to Russia sanctions.

Published on: January 24, 2025, 06:05 PM UTC

Steelmakers in Canada and Mexico halt US orders amid tariff concerns; Canada’s Stelco pauses sales quotes, while Mexican suppliers also stop taking orders.

Published on: January 24, 2025, 06:05 PM UTC

The world's largest stock market is heading for its best start to a presidential term since Ronald Reagan was elected in 1985. Equities hovered near all-time highs on Friday, with the S&P 500 climbing about 2% this week. The S&P 500 was little changed, Nasdaq 100 fell 0.2%, Dow Jones Industrial Average slid 0.1%. The US economy doesn't get in big trouble until profits fade. With US animal spirits around investment rising, productivity gains are plausible (though not guaranteed).

Published on: January 24, 2025, 06:04 PM UTC

Emerging market currencies rally in first week of Trump's second term, buoyed by softer-than-expected tariff rollout and absence of new China levies.

Published on: January 24, 2025, 06:04 PM UTC

US stocks waver on Friday despite earlier rally, with investors weighing corporate earnings and President Trump's comments on China tariffs. The Dow fell 0.1%, while the S&P 500 slipped and Nasdaq Composite ticked down 0.1%.

Published on: January 24, 2025, 06:03 PM UTC

The strong dollar has boosted the major airlines as US travelers head to Europe where their dollar stretches further, leading to record-breaking quarters and a shift towards year-round travel to Europe.

Published on: January 24, 2025, 06:03 PM UTC

Bridgewater founder Ray Dalio sees trouble on the horizon for expensive megacap tech stocks as bond yields rise.

Published on: January 24, 2025, 06:02 PM UTC

TikTok's future is intertwined with tariffs and US-China relations, as Trump considers 10% tariffs and a possible trip to China.

Published on: January 24, 2025, 06:01 PM UTC

Airfares may have moderated from the dizzying heights of recent years, but they still rank among the costliest elements of any voyage, regardless of whether you're taking a short flight to visit loved ones or finally embarking on that dream vacation in Europe. There are, of course, numerous ways to snag a good deal. You can sign up for price alerts, compare costs between airlines, or make reservations well in advance to save money. However, utilizing the appropriate credit card to book your flight is another approach to maximizing the return on significant airline purchases. Here are our top picks for airline credit cards today, along with what you need to know about selecting a travel credit card to save money on upcoming flights. Best airline credit cards for 2025 Here are the top credit cards to use for air travel right now: Chase Sapphire Preferred® Card Learn more Capital One VentureOne Rewards Credit Card Learn more American Express® Gold Card Rates & fees, terms apply Learn more Chase Sapphire Preferred® Card Best for flexibility and bonus Annual fee $95 Welcome offer Earn 60,000 bonus points after spending $4,000 in the first 3 months — that's worth $750 when redeemed through Chase Travel℠ Card type(s) Travel Ongoing Purchases APR 20.49% - 27.49% Variable Recommended credit score Excellent/Good Rewards rate 5x points on travel purchased through Chase Travel℠ 3x points on dining, select streaming services, and online groceries 2x points on all other travel purchases 1x points on all other purchases Benefits Points are worth 25% more when you redeem for airfare, hotels, car rentals and cruises through Chase Travel Earn up to $50 in annual statement credits for hotel stays purchased through Chase Travel On every account anniversary, earn bonus points equal to 10% of your total purchases made the previous year Why this airline credit card is good for flexibility: With advantages that every type of traveler can appreciate and solid benefits on everyday spending categories, the Chase Sapphire Preferred is a fantastic all-around travel rewards credit card. Start with one of this card's main attractions: its 25% bonus on redemptions for travel made through Chase, which increases the value of your points to 1.25 cents each toward airfare, hotels, and more through Chase Travel. But the flexible benefits of Chase Sapphire Preferred go much further, including transferring points 1:1 to Chase's 14 travel partners, including 11 airlines. Up to a $50 annual credit for hotel reservations made through Chase Travel, travel protections, and partner advantages from Instacart, Lyft, and others are among the other advantages. Learn more: See our options for the best Chase credit card Capital One VentureOne Rewards Credit Card Annual fee $0 Welcome offer Earn 20,000 bonus miles after spending $500 within the first 3 months Rewards rate 5x miles on hotels and rental cars booked through Capital One Travel 1.25x miles on all other purchases Benefits 0%

Published on: January 24, 2025, 06:01 PM UTC