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Recent Newsletters

2/21/2025
Dow falls nearly 750 points and US stocks tumble as businesses and consumers worry about tariffs

U.S. stocks fell sharply Friday after reports showed that worries among consumers and businesses about President Donald Trump’s policies may be hitting the U.S. economy. The S&P 500 sank 1.7% for its worst day in two months. The Dow Jones Industrial Average dropped 748 points, or 1.7%, and the N...

2/20/2025
Stock market today: A slide for Walmart pulls Wall Street from its record, and Dow drops 450

A sharp slide for Walmart on Thursday helped pull Wall Street off of its record.The S&P 500 slipped 0.4% for its first drop after setting all-time highs in each of the last two days. The Dow Jones Industrial Average lost 450 points, or 1%, and the Nasdaq composite sank 0.5%. Walmart drove the ma...

2/19/2025
UK inflation spikes to a 10-month high, likely to worry the Bank of England

Inflation in the U.K. rose to a 10-month high in January, official figures showed Wednesday, an increase that will likely diminish expectations of rapid interest rate reductions from the Bank of England.The Office for National Statistics said inflation, as measured by the consumer prices index, rose...

2/18/2025
Stock market today: Wall Street rises to a record following a small gain for the S&P 500

U.S. stocks crept to a record as the S&P 500 nudged higher after a quiet Tuesday of trading.The main measure of Wall Street's health rose 0.2% to finish just above its all-time closing high set last month. Most of the stocks within the index rose, as it danced around the milestone through the d...

2/17/2025
China's Xi promises policy stability at meeting with business leaders, including Alibaba's Jack Ma

China's President Xi Jinping met with private sector business leaders on Monday, offering them assurances that policies regarding the private sector would not change, state media reported, as government officials work to revive an economy disrupted by a pandemic, regulatory crackdowns and a real est...

2/14/2025
Thorny problems with Valentine’s roses: Invasive bugs and toxic pesticides hurt Kenya’s exports

The red rose: a token of love for many, and for Kenya, a major economic sector. More than a third of Kenya's flower exports where the roses, in particular, are prized for their longevity and vase performance, the Kenyan government says. What can’t be seen within these uniformly perfect blooms is a t...

2/13/2025
UK economy ekes out modest growth in final quarter of 2024 after strong December

The British economy managed to eke out a quarterly growth of 0.1% in the final quarter of 2024 following a stronger than anticipated performance in December.The Office for National Statistics said Thursday that the 0.4% expansion in December was a result of a broad-based expansion, with pubs doing p...

2/12/2025
Stock market today: Most of Wall Street sinks after inflation worsens

Most U.S. stocks fell Wednesday after a report showed inflation is unexpectedly worsening for Americans. The S&P 500 dropped 0.3%, though it had been on track for a much worse loss of 1.1% at the start of trading. The Dow Jones Industrial Average sank 225 points, or 0.5%, while the Nasdaq compos...

2/11/2025
Iran loosens import restrictions on foreign cars and iPhones, trying to mask its economic woes

All architecture student Amirhossein Azizi wanted for his 19th birthday was the latest iPhone — and for Iran's cash-strapped theocracy, it was just the gift they needed as well. Just buying a top-of-the-line iPhone 16 Pro Max in Iran's capital cost him on the day 1.6 billion rials ($1,880). An addit...

2/10/2025
Stock market today: Wall Street takes Trump's latest tariff threats in stride, and indexes rise

U.S. stocks rose Monday as Wall Street took President Donald Trump’s latest threat on tariffs in stride.The S&P 500 climbed 0.7%, coming off a losing week that was bookended by worries about how potential tariffs could push up inflation and threaten the economy. The Dow Jones Industrial Avera...

2/7/2025
Stock market today: Wall Street slumps as worries worsen about inflation and tariffs

U.S. stocks slumped Friday as worries flared again on Wall Street about tariffs and inflation.The S&P 500 fell 0.9% and erased what had been a modest gain for the week. It’s one of the worse drops for the index so far in the young year, but it remains near its record set two weeks ago.The Dow Jo...

2/6/2025
Bank of England halves UK growth projection and cuts main interest rate to 4.50%

The Bank of England halved its growth projection for the British economy this year as it cut its main interest rate Thursday for the third time in six months.In a statement, the bank's nine-member Monetary Policy Committee lowered its main interest rate by a quarter of a percentage point to 4.50%, t...

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