easing
WASHINGTON (AP) — Consumer inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is only gradually and fitfully coming under control. Tuesday’s report from the Labor Department showed that the consumer price index rose 0 . . .
Venezuela’s President Nicolas Maduro speaks during a meeting with Iranian President Ebrahim Raisi at the Miraflores Palace, in Caracas, Venezuela June 12, 2023. REUTERS/Leonardo Fernandez Viloria/File Photo Acquire Licensing Rights
Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford//File Photo Acquire Licensing Rights
CHARLOTTE, N.C. – Small business owners nationwide continue to be bullish on their own business outlook, as 67% anticipate revenue growth over the next 12 months, despite the ongoing impacts of inflation and high operating costs, according to Bank of America’s 2023 Women & Minority Business Owner Spotlight (PDF). The survey of more than 1,000 small […]
The U.S. Treasury Department and China’s Ministry of Finance launched a pair of economic working groups on Friday in an effort to ease tensions and deepen ties between the nations. From a report: Led by Treasury Secretary Janet Yellen and Vice Premier He Lifeng, the working groups will be divided into economic and financial segments. […]
WASHINGTON — The Department of Health and Human Services is formally recommending that the Drug Enforcement Administration ease government restrictions on marijuana, which remains illegal at the federal level despite 40 states allowing its use in some form. The move comes 11 months after
BEIJING (AP) — Asian stock markets followed Wall Street higher Tuesday ahead of an update on U.S. consumer prices that traders hope will show inflation is easing, reducing the need for more interest rate hikes. Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices rose. Wall Street’s benchmark S&P 500 index gained 0.2% on Monday […]
Another week, another scorcher. A prolonged heat wave continues to grip the Southwest this week, with temperatures forecasted well into the triple digits in what could become the longest heat wave on record, according to the National Weather Service. This summer is already shaping up to be blisteringly hot for much of the country — […]
WASHINGTON, June 7 (Reuters) – The U.S. economy is strong amid robust consumer spending but some areas are slowing down, U.S. Treasury Secretary Janet Yellen said on Wednesday, adding that she expects continued progress in bringing inflation down over the next two years with a strong labor market. Yellen, in a CNBC interview, also said […]
An Hour Ago U.S.-listed shares of JD.com rise after earnings beat estimates U.S.-listed shares of e-commerce giant JD.com rose after the company beat earnings expectations. China’s second largest e-commerce company closed 7.21% higher after the company reported stronger-than-expected first-quarter earnings. The Alibaba rival saw its net sales for the quarter rising 1.4% year-on-year to 243 […]