Latest Finance News Around The World - (2024)

FAQs

What is the big finance news of 2024? ›

Key Findings. The federal funds rate is expected to drop by 150 basis points (1.5%), from 5.3% to 3.8%, by the end of 2024. Commercial lending rates are almost certain to drop alongside the federal funds rate, providing an opportunity for borrowers to refinance high-interest loans.

According to the Bureau of Labor Statistics, overall employment of financial analysts is projected to grow 8 percent from 2022 to 2032, faster than the average for all occupations.

In 2024, J.P. Morgan Research estimates 2–3% earnings growth for the S&P 500 and a price target of 4,200.

The United States of America is a North American nation that is the world's most dominant economic and military power.

New York City

New York, ranked first in the Global Financial Centres Index, is frequently regarded as the world's preeminent financial center.

Wall Street stocks fell sharply on Friday due to weaker-than-expected US job growth, signaling an economic slowdown. The S&P 500 dropped 1.7%, while the Nasdaq and Dow also lost ground.

Why is the market going down suddenly today? ›

Why is the market falling? The market might be falling due to a combination of factors such as economic downturns, geopolitical tensions, and shifts in investor sentiment. Economic indicators like rising inflation, increasing interest rates, or disappointing corporate earnings can trigger sell-offs.

Typically, this is defined as a drop of at least 10% on a stock exchange or major index in a day, or over a few days. A stock market crash may be temporary, with prices recovering in days or weeks. However, a crash can also signal the start of a longer downturn that can last for months, or even years.

Global growth is projected to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2 percent in 2024 and 3.3 percent in 2025. Services inflation is holding up progress on disinflation, which is complicating monetary policy normalization.

Analysts project 11.5% earnings growth and 5.5% revenue growth for S&P 500 companies in 2024. Fortunately, analysts see positive earnings and revenue growth for all eleven market sectors this year.

Investment banking trends for 2024 show the sector in an ongoing evolution, marked by demand for digital transformation, shifting economic paradigms, and opportunities in emerging new areas like sustainable finance, blockchain, and RegTech (among others).

The 2024 findings reveal that amid a rising number of payment transactions with credit and debit cards, overall cash use remained stable. Consumers also continue to hold more cash than they did before 2020, both as a store of value and in their pockets, purses or wallets.