U.S. economic growth slowed a bit more than expected in the final three months of 2024, the Commerce Department reported Thursday. Gross domestic product, a measure of all the goods and services produced across the sprawling U.S. economy during the period, showed that the economy accelerated at a 2.3%...
Levi beats earnings estimates but expects pressure this year from strong U.S. dollar
Levi Strauss issued dismal guidance for its current fiscal year on Wednesday, as the denim maker grapples with unfavorable currency exchange rates, one fewer selling week and a loss in revenue from its Denizen and footwear businesses. The company said it expects sales to decline between 1% and 2%, well...
European Central Bank to cut rates again with Trump threat and U.S. divergence in focus
The European Central Bank is widely expected to kick off its 2025 meetings with another interest rate cut on Thursday, as traders aim to gauge how far the central bank is willing to diverge from a stalled Federal Reserve. Money markets on Wednesday were pricing in 35 basis points...
Three key takeaways from Robert F. Kennedy Jr.’s Senate confirmation hearing
Robert F. Kennedy Jr., President Donald Trump's controversial pick to lead the Department of Health and Human Services, testified Wednesday before a crucial Senate panel, where he faced questions about past vaccine skepticism, his evolving views on abortion and grasp on sprawling federal health programs. Kennedy, 71, appeared first...