Economy
Producer prices rose 11.2% from a year ago in March, the biggest gain on record
The prices that goods and services producers receive rose in March at the fastest pace since records have been kept, the Bureau of Labor Statistics reported Wednesday. The producer price index, which measures the prices paid by wholesalers, increased 11.2% from a year ago, the most in a data series going back to November 2010. […]
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures flat after Tuesday’s intraday reversal Traders work on the floor of the New York Stock Exchange (NYSE) on October 25, 2021 in New York City. Spencer Platt | Getty Images U.S. stock futures were essentially […]
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Stocks making the biggest moves premarket: Delta, JPMorgan, BlackRock and more
Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta rallied 6.6% in the premarket after reporting a smaller-than-expected quarterly loss and predicting a current-quarter profit. The airline also said monthly revenue exceeded pre-pandemic levels for the first time in March. JPMorgan Chase (JPM) – The bank reported quarterly earnings […]
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UK inflation hits 30-year high of 7% as energy prices surge
The 7% annual rise for U.K. inflation in March is the highest since 1992. Photo by Christopher Furlong/Getty Images LONDON — U.K. inflation came in at an annual 7% in March, its highest for 30 years. Consumer prices rose by 1.1% month-on-month, outstripping expectations for a 0.7% climb in a Reuters poll of economists, which […]
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China’s lockdowns could trigger a logistics snarl that may ‘dwarf’ 2020 and 2021
A traffic police officer prepares to check a truck at a service station of G1503 Shanghai Ring Expressway on April 11, 2022 in Shanghai, China. The major Chinese city has been among the hardest hit as China battles its most severe Covid outbreak since the early days of the pandemic in 2020. Yin Liqin | […]
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Stock futures inch higher following highest inflation data in decades
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, April 4, 2022. Brendan McDermid | Reuters Stocks futures inched higher in overnight trading as investors weighed the latest inflation data for March. Futures on the Dow Jones Industrial Average rose 20 points or 0.06%, while S&P 500 futures […]
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Stocks making the biggest moves midday: Chipotle, PG&E, Marathon Oil and CarMax
A person wearing a protective mask enters a Chipotle restaurant in San Francisco, California, U.S., on Monday, April 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. CarMax — CarMax shares dipped more than 8% after reporting a beat on revenue but a miss on […]
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5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures jump as investors process key inflation report Traders work on the floor of the New York Stock Exchange (NYSE) in New York, March 29, 2022. Brendan McDermid | Reuters Stock futures jumped Tuesday morning as […]
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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
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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