Economy

Consumer prices rose 8.5% in March, slightly hotter than expected and the highest since 1981
World

Consumer prices rose 8.5% in March, slightly hotter than expected and the highest since 1981

Prices that consumers pay on everyday items surged in March to their highest levels since the early days of the Reagan administration, according to Labor Department data released Tuesday. The consumer price index, which measures a wide-ranging basket of goods and services, jumped 8.5% from a year ago on an unadjusted basis, above even the […]

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Russia’s war in Ukraine means there’ll be no return to normality for Europe’s economy
Finance

Russia’s war in Ukraine means there’ll be no return to normality for Europe’s economy

German Chancellor Olaf Scholz, French President Emmanuel Macron and Polish President Andrzej Duda attend a news conference ahead of a Weimar Triangle meeting to discuss the ongoing Ukraine crisis, in Berlin, Germany, February 8, 2022. Hannibal Hanschke | Reuters The war in Ukraine and the ensuing economic sanctions imposed on Russia will cause far bigger […]

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Stock futures inch higher ahead of big inflation report
World

Stock futures inch higher ahead of big inflation report

U.S. stock futures inched higher in overnight trading as investors braced for a key inflation report Tuesday. Futures on the Dow Jones Industrial Average gained 30 points or 0.1%, while S&P 500 futures rose 0.09% and Nasdaq 100 futures inched 0.1% higher. The overnight moves come as investors await the release of March’s highly anticipated […]

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White House says it expects inflation to be ‘extraordinarily elevated’ in new report
Politics

White House says it expects inflation to be ‘extraordinarily elevated’ in new report

White House press secretary Jen Psaki answers questions during the daily briefing on March 09, 2022 in Washington, DC. Psaki answered a range of questions related primarily to Russia’s invasion of Ukraine. Win Mcnamee | Getty Images WASHINGTON — The Biden administration is bracing for Tuesday’s key consumer inflation report to show that the prices […]

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5 things to know before the stock market opens Monday
Business

5 things to know before the stock market opens Monday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures are down to start the week People walk along Wall Street near the New York Stock Exchange on March 08, 2022 in New York City. Spencer Platt | Getty Images U.S. stock futures were slightly […]

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This isn’t a recession – it’s a ‘war-cession,’ top strategist says. Here’s why it’s different
World

This isn’t a recession – it’s a ‘war-cession,’ top strategist says. Here’s why it’s different

LONDON — The global economy is likely entering a “war-cession,” according to veteran investment strategist David Roche, and markets are underestimating its duration. It comes as markets attempt to navigate a flurry of concurrent economic hurdles, including Russia’s invasion of Ukraine, soaring inflation, rising interest rates and supply disruption from China’s efforts to contain a […]

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Stock futures inch higher as Wall Street looks to rebound from a losing week
World

Stock futures inch higher as Wall Street looks to rebound from a losing week

Traders on the floor at the NYSE, April 5, 2022. Source: NYSE Stock futures moved up slightly on Sunday evening as Wall Street looks to shake off a losing week. Futures tied to the Dow Jones Industrial Average added 36 points, or 0.1%. Those for the S&P 500 and Nasdaq 100 ticked up 0.1% and […]

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Reversing globalization could cause pain and profit for companies
World

Reversing globalization could cause pain and profit for companies

Russia’s invasion of Ukraine has fast forwarded a shift away from globalization, and that will create challenges and opportunities for businesses and investors. Source

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Stocks making the biggest moves midday: Robinhood, EPAM Systems, Kroger and more
Business

Stocks making the biggest moves midday: Robinhood, EPAM Systems, Kroger and more

Kroger is opening automated warehouses around the country to build a larger and more profitable online grocery business. Kroger Check out the companies making headlines in midday trading Friday. Robinhood — Shares of the trading app dropped nearly 7% after Goldman Sachs downgraded the stock to sell from neutral. The Wall Street firm cited softening […]

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Here’s how the Fed raising interest rates can help get inflation lower, and why it could fail
World

Here’s how the Fed raising interest rates can help get inflation lower, and why it could fail

A customer shops at at a grocery store on February 10, 2022 in Miami, Florida. The Labor Department announced that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982. Joe Raedle | Getty Images The view that higher interest rates help stamp out inflation is essentially […]

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