As the U.S. government shutdown disrupts federal employee paychecks across the country, it also exacerbates the financial hardship of attorneys who represent the poorest members of society when they are accused of federal crimes. Some private attorneys who serve as court-appointed attorneys for indigent federal criminal defendants have stopped taking new cases, arguing that their clients are being denied the right to effective counsel, according to court records and defense attorneys. About 12,000 private attorneys across the U.S. serve on court-run panels that provide counsel to...
Investors are expecting more gains for the U.S. stock market in 2025 after two straight standout years, fueled by a solid economy supporting corporate profits, moderating interest rates and pro-growth policies from incoming president Donald Trump. The benchmark S&P 500 is up roughly 24% year-to-date, even with a recent speed bump, and is on pace for its second straight year of gains exceeding 20%, lifted by megacap tech stocks and excitement over the business potential of artificial intelligence. Investors are more confident about the economy than this time a year ago, with consumers...
China's official Manufacturing Purchasing Managers' Index (PMI) eased to 50.1 in December, compared to 50.3 in the previous reading. The reading came in below the market consensus of 50.3 in the reported month. The NBS Non-Manufacturing PMI rose to 52.2 in December versus November's 50.0 figure and the estimates of 50.2. Source: FXstreet
Wall Street's main stock indexes hit their lowest point in over a week on Monday, as thin trading volumes and elevated Treasury yields overshadowed the typically robust year-end period for equities.At 11:45 a.m. ET, the Dow Jones Industrial Average fell 350.71 points, or 0.82%, to 42,641.50, the S&P 500 lost 52.08 points, or 0.87%, to 5,918.76 and the Nasdaq Composite lost 195.71 points, or 0.99%, to 19,526.32.All 11 S&P 500 sectors were in the red, with consumer discretionary leading declines. Growth stocks such as Tesla (NASDAQ:TSLA) and Amazon.com (NASDAQ:AMZN) dropped 2.2% and...
Wall Street's holiday cheer ended abruptly on Friday, with all three main benchmarks slumping in a broad-based sell-off affecting even tech and growth stocks that had driven markets higher through much of the shortened trading week. The Dow Jones Industrial Average was 0.98% lower at 1.39 p.m. ET, falling 422.63 points to 42,903.17. The index is on course to snap a five-session winning streak following a 10-session decline, its worst losing stretch since 1974. The S&P 500 slipped 1.38%, or 83.08 points, to 5,954.51, and the Nasdaq Composite declined 1.85%, or 371.34 points, to...
The number of Americans filing for unemployment benefits fell to 219K in the week ending Dec. 22, 2024. That was down from the 223K estimate and from the previous weekly reading of 220K before being revised down to 224K, the Labor Department said Thursday. Source: @Newsmaker23
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
As the U.S. government shutdown disrupts federal employee paychecks across the country, it also exacerbates the financial hardship of attorneys who represent the poorest members of society when they...