Consumer spending unexpectedly fell in January while the annual increase in inflation slowed, supporting financial market expectations that the Federal Reserve would resume cutting interest rates in June.
Read More US consumer spending declines; annual inflation subsides
U.S. retail sales dropped by the most in nearly two years in January, likely because of frigid temperatures and moderation following hefty gains in the past four months.
Read More US retail sales post largest drop in nearly two years in January
The United States Senate has voted to officially confirm Scott Bessent as the new secretary of the Treasury.
Read More Scott Bessent Confirmed By Senate As New Secretary Of The Treasury
International leaders across the globe congratulated President Donald Trump on Monday as the 47th president celebrated the start of his second term on Inauguration Day.
Read More World Leaders Congratulate Trump On His ‘Historic’ Return To The White House
President-elect Donald Trump announced that Kevin Marino Cabrera, who represents the residents of District Six on the Miami-Dade County Commission, will serve as the U.S. Ambassador to Panama, a country that Trump has criticized for “ripping us off on the Panama Canal.”
Read More Trump Announces Kevin Marino Cabrera As Incoming U.S. Ambassador To Panama
The Dow Jones Industrial Average hit a new record high, topping 45,000 for the first time and making a run for its 47th record close, before falling on Wednesday afternoon.
Read More Dow Hits 45K Before Falling as Wall Street Struggles Amid ‘Tech Stock Slump’