Breaking News: Economy
Fed’s favorite core inflation measure hits 2.6% in January, as expected
Inflation eased slightly in January as worries accelerated over President Donald Trump’s tariff plans, according to a Commerce Department report Friday. The personal consumption expenditures price index, the Federal Reserve’s preferred inflation measure, increased 0.3% for the month and showed a 2.5% annual rate. Excluding food and energy, the core PCE also rose 0.3% for […]
Read More
Stocks making the biggest moves premarket: Nvidia, Alibaba, Rocket Lab and more
Check out the companies making headlines before the bell. Nvidia – Shares of the artificial intelligence chip darling fell around 2%, extending its 8.5% loss from the previous session. This comes on the heels of the company seeing a decline in its gross profit margin for the fourth quarter, and its revenue beat for the […]
Read More
Trump says a minerals deal with Ukraine is worth billions. It might not be as valuable as he hopes
Workers go about their job at a granite mine on Feb. 26, 2025 in the Zhytomyr region of Ukraine. Kostiantyn Liberov | Libkos | Getty Images Ukraine might have turned the tide in its rocky relations with the U.S. by offering President Donald Trump’s administration access to its critical minerals as part of wider peace negotiations, […]
Read More
Egg prices are threatening a classic holiday tradition: Easter dye kits
Melkinimages | E+ | Getty Images The egg aisle is anything but cheaper by the dozen these days — and that’s becoming a big problem ahead of the Easter holiday. The makers of Easter egg dye kits are bracing for the potential fallout if the egg shortage doesn’t begin to clear up before the April […]
Read More
America’s appetite for gold is ‘sucking’ bullion out of other countries
Osakawayne Studios | Moment | Getty Images Strong U.S. demand for gold is “sucking” bullion out of some countries as traders try to stockpile it before U.S. President Donald Trump’s tariffs on Canada and Mexico kick into high gear. There’s a “glut of gold” in New York’s vaults, Adrian Ash, BullionVault’s director of research, told […]
Read More
Stocks making the biggest moves midday: Nvidia, Snowflake, Rolls-Royce and more
Check out the companies making headlines in midday trading. Nvidia – Shares dropped about 3% despite the chipmaker’s fourth-quarter earnings and revenue and current quarter revenue forecast beating analyst estimates. Nvidia’s fourth-quarter gross prfiofit margin declined, and its latest revenue topped foreasts by the smallest amount in two years . EBay – The e-commerce platform […]
Read More
Weekly jobless claims jump to 242,000, more than expected in latest sign of economic softening
Initial filings for unemployment benefits hit their highest level of the year last week in another potential signs of weakness in the labor market. Jobless claims for the week ended Feb. 22 totaled a seasonally adjusted 242,000, up 22,000 from the previous week’s revised level and higher than the Dow Jones estimate for 225,000, according […]
Read More
Trump threatens to slap 25% tariffs on EU, says bloc was always meant to hurt the U.S.
US President Donald Trump holds a cabinet meeting at the White House in Washington, DC, on February 26, 2025. Jim Watson | Afp | Getty Images U.S. President Donald Trump threatened to impose 25% tariffs on imports from the European Union, claiming that the economic and political bloc was formed “to screw” the U.S. On Wednesday, […]
Read More
Stocks making the biggest moves after hours: Nvidia, Snowflake, eBay, Nutanix and more
Check out the companies making headlines in after-hours trading: Snowflake — Shares of Snowflake popped more than 9% on the back of the company’s better-than-expected fourth-quarter report. The data cloud analytics company reported adjusted earnings of 30 cents per share on revenue of $987 million, while analysts surveyed by LSEG expected earnings of 17 cents […]
Read More
World’s largest brewer AB InBev posts fourth-quarter revenue beat even as volumes slide
Budweiser beer in an IGA grocery store in Montreal, Quebec, Canada, on Tuesday, Feb. 4, 2025. Bloomberg | Getty Images The world’s largest brewer AB InBev on Wednesday posted better-than-expected fourth-quarter sales despite an annual decline in volumes. The drinks maker, whose brands include Budweiser, Corona and Stella Artois, reported an 3.4% increase in fourth-quarter […]
Read More