NEW YORK (Reuters) -After closing the books on a banner year for U.S. stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving. The S&P 500 rose over 24% in 2024 through the early afternoon of Dec. 27, while the technology-heavy Nasdaq Composite index...

WASHINGTON (Reuters) - The U.S. Treasury Department may need to take extraordinary measures by as early as Jan. 14 to prevent the United States from defaulting on its debt, Treasury Secretary Janet Yellen told lawmakers in a letter on Friday. Yellen urged lawmakers in the U.S. Congress to act to protect the full faith and credit of the United States....

03:14 PM EST, 12/27/2024 (MT Newswires) -- Commercial crude stockpiles in the US fell more than projected last week, while the number of oil rigs in the world's largest economy held steady. Inventories of crude, excluding the Strategic Petroleum Reserve, declined 4.2 million barrels to 416.8 million barrels in the week ended Friday, the Energy Information Administration said. The consensus...

(Reuters) - The U.S. goods trade deficit widened more than expected in November on a rebound in imports, clouding the picture over whether trade might add to economic growth this quarter for the first time in a year. The goods trade gap increased to a seasonally adjusted $102.9 billion last month from $98.3 billion in October, the Commerce Department's Census...