AI, rate cuts, and Trump lift US stocks to new highs in 2024
US stock index futures edged higher on the last trading day of 2024, capping off a remarkable year that saw equities rally to record highs, fueled by a confluence of…
Economy
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US credit card defaults surge 50% in 2024, reaching a 14-year high
In 2024, US credit card defaults surged by 50% compared to the previous year, reaching levels not seen since 2010, according to data from BankRegData analyzed by the Financial Times.…
What were the most-searched money topics of 2024? A year of inflation, tariffs, and rising financial curiosity
Inflation dominated financial searches in 2024, reflecting widespread economic concerns, while tariffs, stock splits, and cryptocurrencies also captured significant public interest. A recent report from Investopedia revealed its “Terms of…
These 2 stocks beat Nvidia in 2024 gains: here’s where they could go in 2025
Chipmaker Nvidia was all the rage in 2024, as the little known company went on to become one of the most valuable companies in the world, often taking the top…
This is how top 10 Indian equity mutual funds of 2024 performed in last three years
The demand for mutual funds in India has seen substantial growth over the past decade, driven by increasing financial awareness, greater access to investment options, and a rising middle class,…
Crypto’s identity crisis: Fed’s Daly says it’s no gold, needs its own definition
The debate surrounding the true nature of cryptocurrency continues to evolve, with San Francisco Federal Reserve President Mary Daly weighing in on the matter. In a recent interview, Daly argued…
China-linked hackers target US Treasury through compromised software provider in cyber attack
According to a letter sent to Congress, Chinese state-sponsored hackers accessed sensitive Treasury data through a compromised cloud-based service provided by BeyondTrust Inc. While the department has contained the immediate…
Will the US economy and the stock market continue their growth into 2025?
The US economy is heading into 2025 with strong momentum, but significant uncertainties could alter its trajectory. A strong 3% GDP growth rate in 2024 and the addition of nearly…
China’s factory activity expands for third straight month, but at a slower pace
China’s factory activity showed signs of sustained expansion in December, with the official manufacturing purchasing managers’ index (PMI) remaining above the critical 50-point threshold for the third consecutive month. The…
How will emerging market equities perform in 2025?
Emerging markets (EM) delivered notable returns in 2024 with most regions closing the year with gains. According to a Reuters report, the MSCI Emerging Markets Index is set to end…