archiveus economy

U.S. stock markets will be closed on Thursday, June 19, 2025, in observance of Juneteenth, the federal holiday commemorating the end of slavery in the United States.The New York Stock Exchange (NYSE), Nasdaq, and U.S. bond markets will not operate on Juneteenth, according to the Securities Industry and Financial Markets Association. Trading will resume on Friday, June 20, with market watchers closely eyeing post-holiday volatility and investor sentiment.Why Juneteenth matters to marketsJuneteenth marks the day in 1865 when Union troops reached Galveston Bay, Texas, and declared the freedom of over...

Stock futures fell sharply early Thursday, pointing to a rocky open as Wall Street grapples with a tragic plane crash involving Dow component Boeing (BA) and digests a blockbuster earnings report from software giant Oracle (ORCL).Futures tied to the Dow Jones Industrial Average were down 305 points, or 0.71%. S&P 500 futures traded down 0.56%, while Nasdaq 100 futures slipped 0.53%. The negative sentiment comes after the S&P 500 and Nasdaq Composite snapped three-day winning streaks in a quiet session on Wednesday.Here are the top stories driving the market on...

article A "Sold" sign sits in front of a newly purchased home as property taxes continue to climb across major US metros. (Photo by Steve Pfost/Newsday RM via Getty Images) Where did property taxes rise the most? By the numbers: Tampa, FL: +23.3%Indianapolis, IN: +19.8%Dallas, TX: +19.0%Jacksonville, FL: +18.7%Atlanta, GA and Miami, FL: +18.6%Seattle, WA: +18.4%San Antonio, TX: +18.2%San Diego, CA: +18.0%Charlotte, NC: +17.6% How much are people actually paying? Nationally, the median property tax bill in 2023 was $2,969, or about $247 per month. However, there’s a sharp divide between homeowners with and...

article A "Sold" sign sits in front of a newly purchased home as property taxes continue to climb across major US metros. (Photo by Steve Pfost/Newsday RM via Getty Images) Where did property taxes rise the most? By the numbers: Tampa, FL: +23.3%Indianapolis, IN: +19.8%Dallas, TX: +19.0%Jacksonville, FL: +18.7%Atlanta, GA and Miami, FL: +18.6%Seattle, WA: +18.4%San Antonio, TX: +18.2%San Diego, CA: +18.0%Charlotte, NC: +17.6% How much are people actually paying? Nationally, the median property tax bill in 2023 was $2,969, or about $247 per month. However, there’s a sharp divide between homeowners with and...

As market volatility continues, Americans are shifting their views on the best long-term investments. Real estate remains the top choice for the 12th consecutive year, while gold has gained ground and stocks have lost favor, according to a new Gallup survey.The April 1–14 poll, conducted after the Trump administration announced sweeping tariffs, found 37% of U.S. adults now view real estate as the best long-term investment. Gold rose to 23%, up five points from last year. Meanwhile, stocks fell to 16%, dropping six points and reversing their 2024 gains.Gold gains,...

According to Strategas Research Partners, the size of the contemplated tariffs to be announced on ... More Wednesday could bring the total to $300 billion, or 1% of U.S. GDP. (Photo by Justin Sullivan/Getty Images)Getty Images While the economic data was a bit softer on the margin last week, markets were likely rattled more by concerns about the upcoming tariff announcements on President Donald Trump’s “Liberation Day,” scheduled for Wednesday, April 2. Though the range of possible outcomes is extensive, the scope and size of the tariffs should be meaningful....

Trump fired up global trade tensions by announcing a baseline 10% tariff on all imports starting 5 April, with reciprocal tariffs on specific countries from 9 April. India will be hit with a 27% additional tariff, while China’s rate soars to 54%, up from the previous 20%. Gift Nifty futures took a hit earlier this morning, dropping nearly 2%, while Indian benchmark indices Nifty 50 and S&P BSE Sensex fell 1% in pre-open trade. However, Nifty 50 and Sensex later trimmed some losses, ending the day’s trade 0.35% and 0.42%...

Trump fired up global trade tensions by announcing a baseline 10% tariff on all imports starting 5 April, with additional reciprocal tariffs on specific countries from 9 April. India will be hit with a 27% tariff, while China’s rate soars to 54%, up from the previous 20%. Gift Nifty futures took a hit earlier this morning, dropping nearly 2%, while Indian benchmark indices Nifty 50 and S&P BSE Sensex fell 1% in pre-open trade. However, Nifty 50 and Sensex later trimmed some losses, ending the day’s trade 0.35% and 0.42%...

On Monday, the dollar hovered near a five-month low against major currencies as President Donald Trump's erratic trade policies and soft economic data took their toll. The euro, benefiting from domestic drivers, is faring better, last recorded at $1.0876. Despite slight dips, it's close to hitting its highest point since October 11.Similarly, the Japanese yen witnessed softness at 148.94 per dollar but remains stronger having recently peaked in five months. These movements have driven the dollar index, which tracks the U.S. currency against six major counterparts, to linger just...