By Stephen Culp NEW YORK () -Wall Street surged on Friday and the dollar softened as cooler-than-expected inflation data helped investors look past the possibility of a government shutdown and fresh tariff threats from U.S. President-elect Donald Trump. All three major U.S. stock indexes jumped more than 1%, gold surged and benchmark U.S. Treasury yields
() -Venture Global, one of the largest producers of liquefied in the United States, on Friday filed for what could be one of the largest initial public offerings globally next year. The LNG producer plans to list its Class A common shares under the symbol "VG" on NYSE, the company's filing showed. In November, reported
By Saqib Iqbal Ahmed NEW YORK () - The messy process of trying to avert a U.S. government shutdown offers investors a glimpse into challenges the incoming Trump administration will face in implementing its agenda, adding a market concern for the coming year. While the showdown has so far not rattled markets, investors said it
By Pete Schroeder WASHINGTON () -Federal Reserve Vice Chair for Supervision Michael Barr has sought legal advice to explore his options against any attempts by President-elect Donald Trump to remove him, sources said, the latest sign that a conflict might be looming between the incoming administration and the central bank. Barr, who was tapped to
By David Ljunggren OTTAWA () -Canadian Prime Minister Justin Trudeau on Friday looked set to lose power early next year after a key ally said he would move to bring down the minority Liberal government and trigger an election. New Democratic Party leader Jagmeet Singh, who has been helping keep Trudeau in office, said he
By Richard Cowan, Andy Sullivan and Katharine Jackson WASHINGTON () -The Republican-controlled U.S. House of Representatives passed legislation on Friday that would avert a midnight government shutdown, defying President-elect Donald Trump's demand to also greenlight trillions of dollars in new debt. The House voted 366-34 to approve the bill, the day after rejecting Trump's debt
By Bo Erickson, Richard Cowan, Andy Sullivan and Katharine Jackson WASHINGTON () -Republican leaders in the U.S. House of Representatives scheduled a vote on Friday to keep the federal government operating beyond a midnight deadline and avert a partial shutdown that could disrupt the Christmas holiday. "We will not have a government shutdown," House Speaker
By Chuck Mikolajczak NEW YORK () -U.S. stocks rallied to close out the trading week on Friday after two lackluster sessions as a cooler-than-expected inflation report and comments from Federal Reserve officials eased worries about the path of interest rates. The latest inflation report in the form of the Personal Expenditure (PCE) index showed a
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By Lucia Mutikani WASHINGTON () -U.S. consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy's resilience, which saw the Federal Reserve this week projecting fewer interest rate cuts in 2025 than it had in September. There was also good news on inflation last month after a