US producer prices surge on costly eggs, but disinflationary trend intact WASHINGTON (Reuters) -U.S. producer prices increased by the most in five months in November, but a moderation in the costs of services such as portfolio management fees and airline fares offered hope that the disinflationary trend remains in place.A surge in the price of eggs amid an avian flu outbreak accoun .... Read More >>
Stifel expects S&P 500 to peak in early 2025 before falling The brokerage expects the U.S. stocks benchmark to drop to mid-5,000s late next year, a bearish view on the market when compared to Goldman Sachs and Morgan Stanley, which see the index end 2025 at 6,500. It was last trading at 6,075 points.A correction in stocks could be triggered by the U.S. real gross dome .... Read More >>
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Time magazine named U.S. President-elect Donald Trump its “Person of the Year” on Thursday, citing his deep impact on American politics and the country’s role in the world.
“For marshaling a comeback of historic proportions, for driving a once-in-a-generation political realignment, for reshaping the American presidency and altering America’s role in the world, Donald Trump is Time’s 2024 Person of the Year,” Time Editor-in-Chief Sam Jacobs wrote in a letter to readers.
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The news magazine had previously bestowed the “Person of the Year” title to Trump in 2016 after his first presidential election victory. It named Democratic President Joe Biden and Vice President Kamala Harris “Person of the Year” in 2020 after they defeated Trump. Pop star Taylor Swift received the title last year.
The latest “Person of the Year” issue features a wide-ranging interview with Trump conducted on Nov. 25 at his Mar-a-Lago resort in Florida.
In it, Trump sharply criticized Ukraine’s use of U.S.-supplied missiles deep into Russian territory. He also said he will have a “big discussion” about ending childhood vaccination programs with Robert F. Kennedy Jr., his nominee to run the Department of Health and Human Services, and that his new administration could scrap some vaccines.
To commemorate the Time selection, Trump rang the opening bell of the New York Stock Exchange, where he was cheered.
He was joined by Kennedy, wife Melania, daughters Ivanka and Tiffany, Vice President-elect JD Vance and Scott Bessent, Trump’s pick
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