News

(Bloomberg) -- The yen carry trade — an investment strategy that blew up in spectacular fashion this year — is regaining popularity. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsJapanese retail investors as well as leveraged funds and asset managers outside the country are estimated to have boosted bearish wagers on the yen to $13.5 billion in November from $9.74 billion in October, according t

There was a 3.4% year-over-year increase in US retail sales on Black Friday, with online sales driving the bulk of the gains, according to Mastercard

(Bloomberg) -- Three Federal Reserve officials on Monday made clear they expect the US central bank to continue cutting interest rates over the next year, but stopped short of saying they are committed to making the next reduction later this month.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsListen to the Here’s Why podcast on Apple, Spotify or anywhere you listen.Fed Governor Christopher Walle

NEW YORK (Reuters) -The Nasdaq and S&P 500 scored record closing highs on Monday, boosted by tech-related shares following the market's strong November gains, as investors awaited this week's economic data including the key monthly jobs report on Friday. The Dow finished lower on the day. Both the Dow and S&P 500 recorded on Friday their biggest monthly percentage gains in a year.

The S&P 500 and the Nasdaq Composite closed at all-time highs Monday as markets assessed manufacturi

Federal Reserve Governor Christopher Waller, whose views are often a bellwether for U.S. monetary policy, said on Monday that with inflation still forecast to fall to 2% he is inclined "at present" to support another interest rate cut later this month. The comments from a key US rate-setter led investors to boost expectations for a rate cut at the Fed's December 17-18 meeting to nearly 75%, and pushed down yields on the two-year Treasury note. "Policy is still restrictive enough that an additional cut at our next meeting will not dramatically change the stance of monetary policy and allow ample scope to later slow the pace of rate cuts, if needed, to maintain progress toward our inflation target," Waller told a central bank symposium organized by the American Institute for Economic Research.

The S&P 500 added 0.2% on Monday, Dec. 2, as tech, communication, and consumer discretionary stocks helped the index build on last week's record close.