By Mimosa Spencer PARIS (Reuters) – Global luxury goods companies are expected to pull out all the stops this year to persuade U.S. shoppers to splash out on diamond bracelets, quilted leather handbags and other designer fashions, given forecasts for more market weakness in China. Retail executives are looking to tap into wealth in the […]

Supporters of Israeli hostages, who were kidnapped during the deadly October 7 2023 attack by Hamas, react to news on the Gaza ceasefire negotiations, during a protest to demand a deal to bring every hostage home, in Tel Aviv, Israel, January 15, 2025.  Ronen Zvulun | Reuters Israel and Hamas reached a deal Wednesday for

The stock market was having a strong day on Wednesday, with the S&P 500 (^GSPC 1.47%) and Nasdaq Composite (^IXIC 1.86%) higher by 1.6% and 1.9% as of 10 a.m. ET. But the big bank stocks are leading the way, with several major U.S. financial institutions spiking higher. In fact, Wells Fargo (WFC 6.04%), Goldman

Buying or selling a home is not an easy feat. In fact, according to a Redfin survey, 59% of U.S. homebuyers think purchasing a home is more stressful than dating. Despite this stress and high prices, real estate remains a valuable investment. Working with a realtor can help alleviate some of this anxiety by guiding

Jamie Dimon agreed Wednesday with an analyst’s assessment that his “base case” for stepping down as JPMorgan Chase CEO is a few years from now. The new comments on succession came one day after the nation’s largest bank announced a management reshuffling that raised new questions about the race to succeed the 68-year-old Dimon, the

Phoenix Centurion Lounge location (Photo by Sally French) The Phoenix Centurion Lounge is located in Terminal 4, across from Gate B22. To get there, you’ll pass through a set of double doors shared with the Escape Lounge, which is also affiliated with American Express. As a cardholder, you might choose to visit that lounge instead,

A $350,000 account could be exhausted in just a few years if both members of a couple required semi-private rooms in skilled nursing facilities. However, that’s not necessarily what would happen. For one thing, most people don’t run up nursing home bills of that magnitude. Also, you may be able to get government assistance to

JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank in U.S. history. Here’s what the company reported: Earnings: $4.81 a share vs. $4.11 LSEG estimate Revenue: $43.74 billion vs. $41.73 billion expected The bank said profit rose 50% to $14 billion

New data from the Bureau of Labor Statistics out Wednesday showed that a key inflation metric eased for the first time since July. On a “core” basis, which strips out the more volatile costs of food and gas, the December Consumer Price Index (CPI) climbed 0.2% over the prior month, a deceleration from November’s 0.3%

If you’re a federal employee, the recent announcement of an average 2% pay raise for 2025 may not seem like winning the lottery. But it’s worth investing those funds in a way that will do you the most good. That’s especially true now when many eyes will be on government workers. Here are some moves