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This Wall Street firm nailed its Fed forecast for this year — now it’s expecting a surprise in 2025 Federal Reserve Chair Jerome Powell may bring down rates further in 2025, Citi economists say.Photo: andrew caballero-reynolds/Agence France-Presse/Getty Images  The big economic story for 2024, at least as far as markets was concerned, was the recession that never happened. The U.S. economy, for the third straight year, is going to grow at least 2.5%, probably more like 2.7% when all is said an.. 2024. 12. 14.
Costco, boosted by traffic and digital sales, is well positioned for future gains, says Jefferies Costco reported fiscal first-quarter results after market close Thursday.Photo: Getty Images Costco Wholesale Corp., which reported first-quarter results after market close Thursday, is well placed for future share gains, according to analyst firm Jefferies.In a note released Thursday, Jefferies analyst Corey Tarlowe pointed to “encouraging warehouse traffic and digital trends,” which bode well .. 2024. 12. 14.
UK, Italy and Japan’s defence groups set up venture overseeing fighter jet project The new venture aims to expand the three nations’ defence capabilities to address rising security threats from Russia and China © BAE Systems Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 o.. 2024. 12. 14.
Emmanuel Macron Appoints Key Ally as France’s New Prime Minister François Bayrou speaking during a party congress in March. Credit...Sebastien Salom-Gomis/Agence France-Presse — Getty Images President Emmanuel Macron of France appointed François Bayrou, a veteran centrist politician and one of his top allies, as the new prime minister on Friday, as he struggles to bring the country’s protracted political turmoil and growing economic anxiety under control.Mr. .. 2024. 12. 14.
With $60M community benefits agreement, Philly City Council gives initial approval for Sixers arena by a 12-4 vote Sixers arena opponents chant as City Council weighs whether to approve a preliminary bill that would allow a new arena to be built on Market Street. (Emma Lee/WHYY)What you need to knowThe 76ers have proposed moving to a new $1.55 billion arena near Chinatown called “76 Place”The proposal has drawn swift condemnation, excitement, skepticism — and plenty of buzzBlack Clergy of Philadelphia has en.. 2024. 12. 14.
DOGE tracker: A running list of what Elon Musk and Vivek Ramaswamy say they will change Elon Musk and Vivek Ramaswamy are promising to make sweeping changes through the Department of Government Efficiency. Dia Dipasupil/Getty Images; Anna Moneymaker/Getty Images; iStock; Natalie Ammari/BIElon Musk and Vivek Ramaswamy aim to cut $2 trillion from the federal budget by July 4, 2026.They've said they'll fire federal employees, "delete" agencies, and publicize all of their work.The DOGE.. 2024. 12. 14.