US stocks surged on Friday, as upbeat earnings from Apple (AAPL) lifted spirits and a weaker-than-expected jobs report revived bets that the Federal Reserve could cut interest rates sooner than thought. The Dow Jones Industrial Average (^DJI) jumped 0.9%, or about 350 points, while the S&P 500 (^GSPC) rose 0.8%. The tech-heavy the tech-heavy Nasdaq
Donald Trump’s agenda includes a range of policies that could create new inflation pressures in the years ahead. The emerging debate among economists is exactly what those price effects would be if he wins. Trump’s ambitious plans include 60% tariffs on Chinese goods and 10% duties on other global trading partners. He is also promising
The Federal Reserve left interest rates unchanged on Wednesday and reiterated plans to hold rates steady, noting there has been a lack of further progress on inflation returning to its 2% target. The central bank voted to keep its benchmark interest rate in a range of 5.25%-5.50%, a 23-year high, at the conclusion of its