Global sales of personal luxury goods are forecast to shrink in 2025 for the first time since the Great Recession, according to a Bain consultancy study released Wednesday. Its author said the outlook could worsen if the sector is hit by tariffs promised by Donald Trump. Trump has pledged tariffs of up to 20% on imports, saying it would create factory jobs, shrink the federal deficit and lower food prices.
Futures dip as focus shifts to inflation data for clues on Fed's rate path
(Reuters) -U.S. stock index futures edged lower on Wednesday as Treasury yields moved higher and weighed on rate-sensitive equities ahead of crucial inflation data that will offer more clarity on the pace of the Federal Reserve's interest rate reductions. All three major Wall Street indexes closed lower on Tuesday, as a strong rally following the U.S. election lost some steam, while the benchmark U.S. 10-year Treasury yield moved above the 4.4% level on expectations that President-elect Donald Trump's policies could exacerbate inflation.
Syros stock craters after lead cancer therapy flops in Phase III trial
The company plans to discontinue the study after the combination therapy failed to meet the primary endpoint in the Phase III trial.
Canada viscosupplementation market set to grow at over 7.5% CAGR through 2033
Despite this forecast growth, the viscosupplementation market faces various challenges.
“There aren’t enough manufacturers” – ByHeart’s Mia Funt on the resilience of the US infant-formula market
ByHeart’s co-founder and president talks her company’s growth and the state of the overall supply chain in the country.
TSX futures edge lower ahead of US inflation data
Futures tied to Canada's main stock index marginally fell on Wednesday, mirroring Wall Street peers, ahead of key U.S. inflation data due later in the day. December futures on the S&P/TSX index were down 0.07% at 6:04 a.m. ET (11:04 GMT).
Stock market today: Dow, S&P 500, Nasdaq poised to drop as inflation worries rise
The wait is on for fresh consumer inflation data, as investors weigh whether a Donald Trump White House would whip up price pressures.
First-time home buyers in the US are getting older as young Americans struggle to force their way into the market
Young Americans face big hurdles in today’s market — but it's not impossible.
Trump’s election win will create demand for cryptocurrency insurance
At the 2024 Bitcoin Conference in Nashville, Tennessee, Trump pledged to make the US “the crypto capital of the planet” and proposed creating a national Bitcoin reserve.