Of 12 major developed-market central banks, eight are in rate-cutting mode, with Australia, Norway, Japan, and Taiwan the odd men out.
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The International Monetary Fund said the US economy is set to cool compared to previous projections, and that it’s piling up debt.
There were plenty of business losers in 2024, but only one for whom the sky was literally falling. In short: Boeing had a bad year.
Luxury brands were riding the subway instead of lounging in limos this year, though a couple of brands were able to buck the trend.
As the dealmaking environment improved in 2024 thanks to the bull market and interest-rate cuts, investment bankers reaped a windfall.