Stubbornly high rents and food prices boost US inflation in August

The consumer price index increases by 0.1% in August Rents, food and health care explain the rise in the CPI Core CPI jumped 0.6%; increased 6.3% year-over-year WASHINGTON, Sept 13 (Reuters) – U.S. consumer prices rose unexpectedly in August and core inflation accelerated amid rising rent and health care costs, giving the Federal Reserve ammunition … Read more

Swedes go to the polls in close election

Join now for FREE unlimited access to Reuters.com Register Social Democrat Prime Minister Andersson facing right-wing opposition Kristersson of the Moderates has allied with the Swedish Democrats Campaigns focus on crime and cost of living crisis Opinion polls show the blocs are neck and neck Polling stations close at 6:00 p.m. GMT STOCKHOLM, Sept 11 … Read more

Wall Street posts its first weekly gain since mid-August

Join now for FREE unlimited access to Reuters.com Register Focus on US inflation data next week Kroger rides on higher forecast Analysts attribute the rise to an oversold condition Sept 9 (Reuters) – U.S. stocks rallied on Friday, with major indexes posting their first weekly gain in four weeks as investors resumed buying, dispelling worries … Read more

ECB raises rates by an unprecedented 75 basis points to fight inflation

Join now for FREE unlimited access to Reuters.com Register Increases deposit rate to 0.75% from zero Eurozone inflation uncomfortably high and rising New ECB forecasts show higher inflation and weaker growth Other rate hikes reported Lagarde will speak at 12:45 GMT FRANKFURT, Sept 8 (Reuters) – The European Central Bank raised key rates by a … Read more

Britain’s new leader Liz Truss finalizes huge electricity subsidy plan

Join now for FREE unlimited access to Reuters.com Register Truss will announce an energy support plan on Thursday The new Prime Minister rules out the exceptional tax on electricity companies Pound falls to lowest since 1985 against US dollar Kwarteng says borrowing will be higher BoE says support for energy could help calm inflation LONDON, … Read more

Oil settles below $90 as recession fears grow

An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July 21, 2014. REUTERS/Todd Korol/File Photo Join now for FREE unlimited access to Reuters.com Register Sep 7 (Reuters) – Oil prices slumped on Wednesday, falling below levels seen before Russia invaded Ukraine as downbeat Chinese trade data fueled investor worries about recession … Read more

Wall Street rebounds on lower yields, focuses on Fed path

Join now for FREE unlimited access to Reuters.com Register Energy stocks follow the fall in oil The Fed’s Beige Book indicates that price pressures are still lingering Fed Chairman Powell will speak on Thursday Sept 7 (Reuters) – U.S. stock indices climbed on Wednesday after a recent selloff as bond yields eased, as investors await … Read more

Putin calls for review of Ukrainian grain deal, accuses West of deception

Putin accuses Kyiv and West of flouting grain deal Says too much grain goes to EU and not to poor countries Said wants to discuss the evolution of the terms of the agreement Plans to talk to Turkish President about it soon KYIV, Sept 7 (Reuters) – President Vladimir Putin said on Wednesday he wanted … Read more

Wall Street ends its busy post-summer session in the red

Join now for FREE unlimited access to Reuters.com Register ISM service sector data beats estimates Bed Bath & Beyond shares sink after death of CFO Wall St emerges from three straight weeks of decline Dow down 0.55%, S&P 500 down 0.41%, Nasdaq down 0.74% NEW YORK, Sept 6 (Reuters) – Wall Street’s major indexes closed … Read more

Biden attacks Trump loyalists but not all Republicans after backlash

Join now for FREE unlimited access to Reuters.com Register WEST MIFFLIN, Pennsylvania, September 5 (Reuters) – Democratic President Joe Biden on Monday attacked “MAGA Republicans” loyal to former President Donald Trump as he spent Labor Day making sure unionized workers ensured strong turnout for Democratic candidates in the November elections. “We have a choice,” Biden … Read more