LOS ANGELES—America’s second-largest city, run by Democratic mayors for a quarter-century, is in a rut. Voters are mulling whether a Democratic socialist might be able to dig it out. SANTA MONICA, CALIFORNIA – OCTOBER 28: Los Angeles mayoral candidate City Council member Nithya Raman looks on during a press conference near Pacific Palisades on October … Read more
Applications to full-time MBA programs at US business schools fell 27% for the incoming class of 2028, with international student demand declining sharply amid uncertainty over the Donald Trump administration’s immigration and visa policies, according to a new survey by the Graduate Management Admission Council (GMAC). International MBA applications to US plunge 38% amid Trump-era … Read more
US Treasury yields fell on Thursday morning after the Federal Reserve kept interest rates unchanged at its October meeting on Wednesday. Investors are now watching the Fed’s comments on inflation and whether it will raise interest rates again in December. US Treasury yields fall as investors assess the Fed’s interest rate outlook and chances of … Read more
Bitcoin fell below the $80,000 mark on Monday as investors became more cautious ahead of a key Federal Reserve meeting. Concerns over heavy spending on artificial intelligence (AI), rising oil prices and uncertainty in global markets also put pressure on cryptocurrencies. Bitcoin falls below $80,000 as Fed meeting fears, AI spending concerns and oil prices … Read more
Apple and Nvidia are among the biggest stocks weighing on the S&P 500. Apple and Nvidia may be competing again to become the world’s most valuable company, but the recent weakness in the biggest US stocks is holding back the broader stock market. Apple, Nvidia and other megacap stocks face pressure as AI spending fears … Read more
Oil prices moved lower on Wednesday even as Middle East supply risks remained high. Brent crude futures fell 1.1% to $107.55 a barrel. West Texas Intermediate (WTI) crude fell 1.6% to $104.11 a barrel. Despite Wednesday’s fall, both oil benchmarks remained close to four-month highs. Oil prices fall as Fed rate hike expectations and Middle … Read more