ECONOMY & MARKETS

Spanish banking giant Santander posted a record 11.1-billion-euro ($12 billion) net profit for 2023 on Wednesday as higher interest rates and a rise in global clients helped to cushion the impact of a windfall tax.

The nation's central bank will maintain interest rates steady. It will leave the Federal Funds Rate unchanged at the current 5.25%-5.50% level.

Even as her home country of Cuba crumbled around her, Elsa resisted joining the growing US-bound exodus until she felt she had no options left.

The Federal Reserve's recent meeting maintained interest rates, while sparking speculation about potential cuts as analysts debate between March and May.

The continuation of the rally in equities, which took the S&P 500 and the Dow Jones to yet new highs, came as bond prices and yields remained steady.

Navigate layoff anxiety by separating fact from fiction to building resilience amid economic uncertainty.

The increasing demand for AI technologies has led some companies to strategically scale down headcount in non-profitable areas and reallocate resources toward AI development.

Asian investments are undergoing a seismic shift as Japan's stock markets surge and China's make a steady retreat.

One of the world's prominent mobile network equipment manufacturers, Nokia reported a 23% year-on-year decline in net sales for the fourth quarter, close to €5.7 billion.

Sales of new US homes jumped in 2023, according to government data released Thursday, supported by a lack of inventory in the existing homes market as mortgage rates remained elevated.

Clean-energy projects were the largest driver of China's economic growth in 2023, with Beijing investing nearly as much in decarbonisation infrastructure as total global investment in fossil fuels, according to a report released Thursday.

Microsoft's industry dominance hits new heights with a $3 trillion market cap, propelled by the influence of AI.

SEC's X account hack, involving a SIM swap, instigates market turmoil as investigators delve into the cyberattack's details.

German train drivers began on Wednesday their longest-ever strike, piling on travel misery for thousands of passengers in an escalating industrial dispute that economic experts warn could cost the economy up to a billion euros ($1.1 billion).

Bitcoin's fall below $39,000 intensifies market complexities and prompts scrutiny of its short-term direction.

Fastenal's financial performance looks even better when it comes to Economic Value Added (EVA), the difference between the Return on Invested Capital (ROIC) and the Weighted Average Cost of Capital (WACC).

The Bank of Japan maintained its signature monetary easing measures on Tuesday, as speculation grows of a shift away from its ultra-loose stance.

Wall Street executives are taking a strategic position with the increasing likelihood of Donald Trump winning the GOP presidential nomination.

Shortly after Monday's opening bell, the Dow was up over 200 points and the S&P 500 was up over 20 points.

The S&P 500 closed at 4,839.81, up 1.20% for the week; the Dow Jones at 37,4853.80, up 0.70% and the tech-heavy Nasdaq at 15,310.97, up 2.2%.

The S&P 500 rose 1.23% for the session, closing at 4,839 and topping the previous mark set back in January 2022. The Dow Jones gained just over 1% on Friday to 37,863, breaking its record set in late 2023.

Japanese consumer inflation slowed again in December due to lower electricity and gas bills, government data showed Friday, ahead of a Bank of Japan policy decision next week.

Tokenization is a process in which real estate assets are converted into digital tokens stored on a blockchain, allowing for digital ownership and the transfer of fractional shares.

Trading at around 36,000, the Nikkei is less than 15% below its old-time high of the late 1989s when Japanese equities were among the hottest in the world.

In the occupied West Bank, Hafeth Ghazawneh waits in quiet frustration for customers to visit his falafel stall, which has been deserted since the October 7 Hamas attacks in Israel.

US retail sales accelerated more than anticipated in December, closing out a year marked by resilient consumption, government data showed on Wednesday.

In this guide, we'll explore the basics of investing in simple terms, so you can make smart choices and grow your money.

China's economy, the world's second-biggest after the United States, grew last year at one of its slowest paces in more than three decades.

China's National Bureau of Statistics revealed that gross domestic product expanded 5.2 percent to hit 126 trillion yuan ($17.6 trillion) last year.