Global shares are mostly higher following a rally on Wall Street driven by encouraging update on U.S. inflation. Oil prices slipped and U.S. futures edged higher.

Wall Street has been lurching down and up for weeks as traders tear up their forecasts for what the Fed will do with interest rates in 2025. A further easing would boost the U.S. economy and prices for investments, but it could also give inflation more fuel.

The need for a debt limit hike of trillions and signs of growing bond market concerns could trim Republican economic plans sharply.

U.S. stock indexes held firmer and finished mixed a day after strong reports on the economy stirred up worries that inflation and interest rates may remain higher than expected.

Dividend stocks are a favorite among investors for good reason. They provide a steady income stream of passive income and offer a promising avenue for total return. Total return, a comprehensive measure of investment performance,

Citi—which anticipates five rate cuts in 2025—has a downbeat forecast for a meager 0.7 percent growth. Bank of America is forecasting an above-consensus 2.4 percent growth for the year, hence their view for no rate cuts. ING, meanwhile, expects two percent growth.

Rumors of the labor market’s imminent decline have been greatly exaggerated for some time. Barring an act of God over the next 10 days, Donald Trump will inherit a healthy domestic economy from Joe Biden; affording his second administration an early, and valuable, political advantage that few non-incumbents are granted.

The Wall Street Journal argued that California Gov. Gavin Newsom should waive environmental regulations for all Californians, not just victims of the Los Angeles fires.

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Wall Street is drifting and making smaller moves on Wednesday, a day after strong reports on the economy stirred up worries that inflation and interest rates may stay higher than expected.

Talk about bad timing. Five years ago BlackRock boss Larry Fink made tackling climate change a priority. On Thursday, the world's largest investment firm with $11.5 trillion in assets pulled out of the Net Zero Asset Managers initiative while large swathes of Los Angeles were burning in fires at least in part worsened by rising greenhouse-gas emissions.

“Congress Didn’t Ban TikTok.” That’s the title of Mike Gallagher’s latest column in the Wall Street Journal. The former congressman from Wisconsin is correct that Congress didn’t ban TikTok, it’s doing much worse: Congress is attempting a taking of TikTok.