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

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

Wall Street plummets for 4th straight session on Fed outlook

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 22, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register Snap jumps as it restructures advertising business and lays off staff Bed Bath & Beyond sinks in corporate overhaul Dow down 0.57%, S&P 500 down … Read more

Fed officials see US interest rates rising further

John C. Williams, President and Chief Executive Officer of the Federal Reserve Bank of New York, speaks at the Economic Club of New York in the Manhattan borough of New York, U.S., March 6, 2019. REUTERS/Lucas jackson Join now for FREE unlimited access to Reuters.com Register Aug 30 (Reuters) – U.S. Federal Reserve officials on … Read more

Wall St falls for third straight session on Fed rate hike concerns

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2022. REUTERS/Brendan McDermid Sign up now for FREE unlimited access to Reuters.com Record Best Buy sales beat estimates as discounts spur demand Job offers in July increase considerably Dow down 1.02%, S&P 500 down 1.22%, … Read more

Fed minutes show more rate hikes in the pipeline, but pace could slow

The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 17 (Reuters) – Federal Reserve officials saw “little evidence” late last month that U.S. inflation pressures were easing, and steeled themselves to force the economy … Read more

US gasoline prices fall below $4 for the first time since March

The demand for gasoline has decreased in the summer Low-income households spend less as prices fall US retail price hit record high in June Aug 11 (Reuters) – The average price of U.S. retail gasoline fell below $4 a gallon on Thursday for the first time in months, giving drivers some relief in the world’s … Read more

Pound drops as BoE expects recession, US futures up

Bank of England raises rates by 50 basis points The BoE expects a recession throughout 2023 Fed official: 50 bp rise in September “reasonable” Oil stabilizes after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – The pound fell on Thursday after the Bank of England followed its U.S. and eurozone … Read more

Wall Street ends lower after biggest month since 2020

US manufacturing slows slightly PerkinElmer rises after $2.45 billion divestment End of indices: S&P 500 -0.28%, Nasdaq -0.18%, Dow -0.14% Aug 1 (Reuters) – Wall Street ended lower after a choppy session on Monday, with Exxon Mobil falling (XOM.N) and other energy companies weighing in on Boeing’s gains (TO FORBID) as investors digested the biggest … Read more

Wall St ends up sharply for 2nd day; Amazon, Apple jump after hours

U.S. economy contracts in the second quarter Meta Platforms revenue drops for first time Ford shares gain after results Indexes: Dow up 1%, S&P 500 up 1.2%, Nasdaq up 1.1% NEW YORK, July 28 (Reuters) – U.S. stocks on Thursday rallied for a second day, with all three major indexes ending up more than 1% … Read more