The US greenback has appreciated 2.65% against a basket of its developed market peers since the election and is at a two-year high.
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S&P Global’s US Composite Purchasing Managers’ Index shows business activity grew the fastest in over two years this month.
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.