In a recent analysis, economists from Goldman Sachs have delineated ten pivotal questions that will illuminate the trajectory of the U.S. economy heading into 2025. The investment bank’s forecast predicts a growth rate of 2.4% in GDP, outshining the prevailing consensus of 2.0%. This optimistic outlook is primarily attributed to resilient private sector demand and
In the dynamic realm of global investments, 2024 witnessed a remarkable transformation in the activities of sovereign wealth funds, particularly highlighting the significant rise of Abu Dhabi’s Mubadala Investment Company. As a powerhouse in the financial sector, Mubadala’s recent achievements spotlight a growing trend among Gulf nations to take a lead role in strategic global
On January 1, 2025, Russian natural gas exports through the historically significant pipelines that traverse Ukraine came to a halt. This pivotal moment was marked not just by the expiration of a transit agreement, but by the culmination of a decade characterized by escalating tensions between Moscow and Kyiv, especially following Russia’s annexation of Crimea
Intel’s performance has been nothing short of a dramatic saga in the tech sector. After suffering a staggering decline of over 60% throughout 2024, the company has managed a minor rebound, gaining about 1.2% in midday trading. This fluctuation is particularly notable as it positions Intel to close out what is likely to be its
The holiday season has a reputation for being one of the most lucrative times for Broadway, and this past week certainly displayed that trend. With multiple shows enjoying remarkable financial success, Broadway saw itself achieving substantial box office records. However, amidst this jubilation lay a notable exception: the acclaimed revival of *Gypsy* featuring Audra McDonald
As the trading year draws to a close, major U.S. indices are reflecting an upward momentum that underscores a remarkable year for investors. As of the last trading day in 2024, the S&P 500 index had surged by over 1%, the Dow Jones Industrial Average showed a modest increase of about 0.3%, and the NASDAQ
Israeli Prime Minister Benjamin Netanyahu’s recent emergence from a hospital bed—following prostate surgery—has underscored a gripping narrative of leadership in tumultuous times. His decision to attend the Knesset, defying medical advice, was driven by the urgency of cementing support from his coalition partners for the proposed 2025 budget. This budget is not just a financial
As 2024 draws to a close, the housing market presents a mix of optimism and concern. While there is an increased availability of homes, a significant portion of this inventory is becoming stagnant, creating a challenging landscape for buyers, sellers, and real estate professionals alike. A report from Redfin has highlighted these trends, shedding light
Art Cashin, a towering figure in the world of finance and the embodiment of New York Stock Exchange history, left an indelible mark that transcended mere numbers and transactions. Serving as UBS’s director of floor operations, Cashin became known not just for his professional accomplishments but also for his heartfelt New Year’s poems that captured
In a bold move aimed at redefining the competitive landscape of artificial intelligence, Alibaba has announced substantial price cuts on its large language models (LLMs), slashing rates by as much as 85%. This announcement taps into the rapidly evolving AI sector and highlights Alibaba’s efforts to cement its position amid growing competition. Blockchain technology and