While the market may be stalling into year-end, investors are keeping the faith, Bank of America data shows. The share of portfolios in cash fell to a record low 3.3% in December, according to the bank’s Global Fund Manager survey. That’s down from 3.7%. Michael Hartnett, chief investment strategist at Bank of America, dubbed the…
Key tax credits that reduce the cost of Affordable Care Act health insurance coverage for millions of Americans looked likely to expire by the end of the year after House Speaker Mike Johnson said Tuesday that there would be no vote on extending those subsidies this week. The House is not in session next week,…
Close-up view of a gray Hermes Birkin bag in grained leather, during a photo shoot in Paris, Oct. 28, 2025. Edward Berthelot | Getty Images Entertainment | Getty Images Despite two recent blockbuster auctions for Birkin bags, overall auction prices for the iconic Hermès handbags are falling, according to a study. Earlier this month, a…
The Nasdaq MarketSite in New York, US, on Thursday, Nov. 20, 2025. Michael Nagle | Bloomberg | Getty Images Nasdaq is moving closer to around-the-clock stock trading, a shift that some on Wall Street are calling unnecessary — and potentially destabilizing. The exchange said it plans to submit paperwork to the Securities and Exchange Commission…
U.S. Education Secretary Linda McMahon leaves after speaking at a press briefing at the White House in Washington, Nov. 20, 2025. Evelyn Hockstein | Reuters The Trump administration continues to move slowly in processing a massive backlog of applications from hundreds of thousands of student loan borrowers seeking debt forgiveness or an affordable repayment plan,…
National Economic Council Director Kevin Hassett, one of the finalists for the Federal Reserve chair job, showed support Tuesday for central bank independence. With President Donald Trump apparently in the final days of picking a successor to Jerome Powell at the Fed, Hassett declined in a CNBC interview to directly address his own candidacy but…
Oil prices held on to most gains from the previous session in early trading on Thursday as investors awaited U.S.-China trade talks later in the day. Anton Petrus | Moment | Getty Images U.S. crude oil on Tuesday hit the lowest level since May, putting prices on pace for the worst performance in seven years…
Shoppers carry Macy’s bags outside of Macy’s flagship store on Black Friday in New York, US, on Friday, Nov. 28, 2025. Adam Gray | Bloomberg | Getty Images Andre Lewis said he’s “anxious 364 days of the year.” Yet the rideshare and delivery driver wants to make it a special holiday season for his 7-year-old…
Kevin Hassett, director of the National Economic Council (L), and Kevin Warsh, former governor of the U.S. Federal Reserve. Reuters Kevin Warsh has surged ahead of Kevin Hassett in prediction markets betting on who President Donald Trump will nominate as the next chair of the Federal Reserve, as doubts grow inside Trump’s orbit about Hassett’s…
Climate catastrophes like wildfires and severe storms have become more frequent and damaging in the U.S., accounting for 83% of the estimated global insured losses of $107 billion in 2025, according to a new report from Swiss Re Institute. This is the sixth consecutive year that global insured losses have surpassed $100 billion. The Los…
