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Annual inflation rate accelerates to 2.7% in November, as expected
Consumer prices rose at a faster annual pace in November, a reminder that inflation remains an issue both for households and policymakers. The consumer price index showed a 12-month inflation rate of 2.7% after increasing 0.3% on the month, the Bureau of Labor Statistics reported Wednesday. The annual rate was 0.1 percentage point higher than […]
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Stocks making the biggest moves premarket: Oracle, Alaska Air, MongoDB, HealthEquity and more
Check out the companies making headlines before the bell. Oracle — The database software company slid roughly 7% after posting fiscal second-quarter earnings and revenue that lagged analysts’ estimates. Oracle also issued guidance for the current quarter, calling for revenue growth of 7% to 9% and adjusted earnings of $1.50 to $1.54 per share, saying […]
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China’s November imports post surprise drop; sharpest decline in 14 months
A foreign trade container ship is leaving the dock at Qingdao Port in Qingdao, China, on June 7, 2024. Costfoto | Nurphoto | Getty Images China’s exports and imports both missed expectations in November, data from the country’s customs authority showed Tuesday, fueling worries over the health of the Chinese economy as consumer demand remains […]
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Another activist takes aim at Macy’s, seeking spending cuts and real-estate restructuring
People walk past the Macy’s Herald Square flagship store on November 29, 2024 in New York City. David Dee Delgado | Getty Images Activist investor Barington Capital revealed Monday it has a position in Macy’s and wants the company to cut spending, explore selling its luxury brands and take a hard look at its real estate portfolio. It marks the fourth […]
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China vows ‘more proactive’ fiscal stimulus measures, ‘moderately’ looser monetary policy
Chinese President Xi Jinping attends a reception dinner at the Great Hall of the People ahead of China’s National Day in Beijing, China on September 28, 2023. Jade Gao | Pool | via Reuters China’s leaders on Monday pledged “more proactive” fiscal measures and “moderately” looser monetary policy next year to boost domestic consumption, according […]
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Payrolls increased 227,000 in November, more than expected; unemployment rate at 4.2%
Job creation in November rebounded from a near-standstill the prior month as the effects of a significant labor strike and violent storms in the Southeast receded, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls increased by 227,000 for the month, compared to an upwardly revised 36,000 in October and the Dow Jones consensus estimate […]
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Intel adds two new directors with CEO search underway
The logo of Intel is seen during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | Afp | Getty Images Intel on Thursday announced the appointment of two new directors with significant semiconductor manufacturing experience as the company ramps up the search process for ousted CEO Pat Gelsinger’s replacement. Former ASML CEO Eric […]
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Powell says he’s not worried about the Fed losing its independence under Trump
Key Points Fed Chair Jerome Powell said Wednesday he isn’t worried that President-elect Donald Trump will try to politicize the central bank once he takes office in January. There are safeguards in the congressional legislation that created the central bank that will help preserve it from political influences, he said during an appearance in New […]
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Watch live: Fed Chair Jerome Powell speaks at Dealbook conference
[The stream is slated to start at 1:40 om ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Wednesday at the New York Times DealBook conference. The appearances comes two weeks ahead of when the central bank will announce its decision on […]
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Intel considers an outside CEO, taps headhunters, sources say
Signage outside Intel headquarters in Santa Clara, California, on Jan. 30, 2023. David Paul Morris | Bloomberg | Getty Images Intel is considering hiring an external candidate to replace ousted CEO Pat Gelsinger and has hired executive search firm Spencer Stuart to identify potential successors, according to people familiar with the matter, who requested anonymity […]
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