Sunny Isles Beach, Florida, Miami, RK Centers shopping mall, business sign, CVS Pharmacy retail store, drugstore chain prescription medicine. (Photo by: Jeffrey Greenberg/Universal Images Group via Getty Images)Jeff Greenberg | Universal Images Group | Getty ImagesThe U.S. Federal Reserve cut key interest rates by 25 basis points, lowering borrowing costs...
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The case for more Fed rate cuts could rest on a ‘systematic overcount’ of jobs numbers
In the Federal Reserve's battle between fighting inflation and limiting unemployment, the latter side carried the day Wednesday and could also have an edge heading into 2026 if labor market weakness becomes more evident through an apparent overcounting of jobs numbers.In the immediate term, worries over the employment situation meant...
Goldman Sachs makes big bet on ETFs specializing in downside protection
Goldman Sachs Asset Management is making a big bet on defined outcome exchange-traded funds — also known as buffer ETFs, which use options to help protect against market losses.This month, Goldman Sachs agreed to buy defined outcome ETF provider Innovator Capital Management for $2 billion. The deal is expected to...
Art Basel Miami sees strong attendance and sales as art market recovers
Art Basel Miami Beach racked up strong sales and attendance last week, as the art market rode a wave of renewed confidence following the strong November auctions in New York.More than 80,000 collectors and art fans poured into the Miami Convention Center for the annual art show, with several works...
Disney’s ‘Zootopia 2’ to hit $1 billion box office, only the second Hollywood film to do so this year
In Disney's "Zootopia 2," detectives Judy Hopps and Nick Wilde find themselves on the twisting trail of a mysterious reptile who turns the mammal metropolis of Zootopia upside down.DisneyThe Walt Disney Co. tallied its second billion-dollar film of 2025 with the help of a determined bunny and mischievous fox."Zootopia 2"...