All eyes are on the chimney over the Sistine Chapel for signs of white smoke that will herald the election of a new pope.

Many economists and Wall Street investors still expect the Fed will reduce rates two or three times this year.

Forecast issued at 4:45 am EST on Wednesday 7 May 2025. Mostly sunny. Patchy fog in the west early this morning. Light winds becoming northwesterly 15 to 20 km/h in the early afternoon then becoming ...