U.S. Services Sector Expands as Trump 2.0 Economic Optimism Grows
The U.S. services sector posted stronger-than-expected growth in December, suggesting the economy could accelerate as companies look to the incoming Trump administration's pro-growth policies. The Institute for Supply Management (ISM) released a purchasing managers index for the services sector of 54.1, up from 52.1 in November and above economists' expectations of 53.4. Readings above 50 […]
What could happen to gas prices if Biden issues new sanctions against Russian energy sector?
New sanctions on Russia's energy sector could temporarily increase gas prices and change oil export patterns, according to experts who analyzed the global impact of previous sanctions on Russia's fossil fuels. . President Joe Biden is considering imposing new sanctions on Russian energy before leaving office, The Washington Post reported, citing four people familiar with […]
Congress approves changes to Social Security for some public sector workers – USA TODAY
WASHINGTON – Congress passed a bill early Saturday morning that would increase Social Security benefits for public sector workers. The Social Security Equity Act would eliminate the Windfall Elimination Provision (WEP) and the Government Pension Offset Provision (GPO), which reduce Social Security benefits for certain retirees who also receive pension income. Together, WEP and GPO […]
Private sector adds 146,000 jobs in November, below expectations, ADP says
Meredith Whitney Advisory Group CEO explains the current state of the stock market in “Craman Countdown.'' Payroll company ADP said Wednesday that private sector companies added 146,000 jobs in November. This figure is lower than the 150,000 jobs expected by economists and well below last month's revised figure of 184,000. “Overall growth was strong for […]
Is the iShares Expanded Tech Sector ETF a Millionaire Maker? – The Motley Fool
In theory, almost any investment has the potential to make you a millionaire, but most investments don't get you there. But technology stocks have a long history of delivering impressive returns. of iShares Extended Tech Sector ETF (IGM -1.05%) At the very least, it has an interesting investment focus that suggests very profitable potential. But […]
Expert touts Trump’s energy sector nominations, outlines hopes for administration agenda to spark energy boom
President-elect Trump is expected by many supporters to lead the U.S. energy “boom” by drastically cutting the Biden administration's regulations, and one industry expert told Fox News Digital that While giving a detailed overview, he said he was encouraged by Trump's Cabinet nominees in the energy field. What developments are you looking forward to in […]
Morningstar names cheap stocks in a sector that ‘deserves a place in everybody’s portfolio’ – CNBC
David Sekera, a top strategist at Morningstar, says there is one sector that “deserves a place in everyone's portfolio” right now: energy. The firm's U.S. market strategists told CNBC's “Street Signs Asia” last week that the energy sector is trading at a 5% discount and that it “stands well, especially if we enter a further […]
Reeves tells City regulator to encourage more risk-taking in financial sector | Financial sector
Financial regulators have been ordered to encourage more risk-taking across the City, raising concerns that a Labor government is at risk of watering down regulations meant to avoid a repeat of the financial crisis. officially 'Remittance' letter to the Financial Conduct Authority (FCA) President Nikhil Rati and Prime Minister Rachel Reeves say regulations aimed at […]
Elon Musk, Vivek Ramaswamy could use private sector methods to slash government jobs
If you work for the federal government, there's a good chance you'll receive a pink paper, or at least a severance package before joining the new Trump administration, according to On the Money. Reported. In a move to tame the Leviathan known as the vast federal workforce, President-elect Donald Trump is creating a new Department […]
Silver (XAG) Daily Forecast: Tariff Concerns in Solar Sector Impact Future Silver Demand – FX Empire
China's recent economic measures have also worsened the outlook for industrial metals. Last week, the Chinese government announced a 10 trillion yuan debt package aimed at raising local financing and promoting economic stability, but it fell short of market expectations for direct economic stimulus. The disappointment hit the market for industrial metals, including silver, which […]