News
Stocks dip slightly as investors return from Christmas holiday in light trading
3+ hour, 22+ min ago (263+ words) The S&P 500 index was down 0.1% as of 2:30 p.m. ET, the Dow Jones Industrial Average was down 0.2%, and the Nasdaq composite was up 0.1%. Institutional investors are largely closed out of their positions for the year. The S&P 500 has climbed nearly…...
European Central Bank leaves rates unchanged with economy showing signs of modest growth
1+ week, 1+ day ago (412+ words) Bank President Christine Lagarde said that while the economy had remained "resilient," there was too much uncertainty over trade and international conflicts to give any hints about future moves. "We reconfirmed that we are in a good place" with interest…...
Fed’s preferred inflation gauge stayed elevated in September as spending weakened
3+ week, 20+ hour ago (325+ words) Compared with a year ago, overall prices rose 2.8%, up slightly from 2.7% in August. Core prices also rose 2.8% from a year earlier, a small decline from the previous month's figure of 2.9%. "It hasn't really shown any sign of slowing down," Sharif…...
U.S. stocks rise for a fifth straight day to close out a volatile month
4+ week, 20+ hour ago (404+ words) Stocks swooned in mid-month as investors worried that stocks boosted by the frenzy around artificial intelligence such as Nvidia had gotten too expensive. Nvidia lost 1.8% Friday and closed the month with a double-digit loss. Oracle fell 23% in November while Palantir…...
U.S. inflation stays elevated but prices rose less than feared last month
2+ mon, 2+ day ago (809+ words) Consumer prices increased 3% in September from a year earlier, the Labor Department said Friday, the highest since January and up from 2.9% in August. Excluding the volatile food and energy categories, core prices also rose 3%, down from 3.1% in the previous month....
Wall Street rises to finish its best week in 2 months after bank stocks stabilize
2+ mon, 1+ week ago (685+ words) The S&P 500 rose 0.5%. The Dow Jones Industrial Average added 238 points, or 0.5%, and the Nasdaq composite climbed 0.5%. The gains capped the best week for the S&P 500 since early August, but it was a roller-coaster ride. Indexes careened through several…...
Slowdown in US hiring suggests economy still needs rate cuts, Fed’s Powell says
2+ mon, 1+ week ago (703+ words) Powell said in a speech in Philadelphia that despite the federal government shutdown cutting off official economic data, "the outlook for employment and inflation does not appear to have changed much since our September meeting," when the Fed reduced its…...
Social Security cost-of-living increase announcement delayed by government shutdown
2+ mon, 1+ week ago (644+ words) Originally scheduled for Wednesday, the 2024 Social Security COLA announcement will now be Oct. 24. It's timed to the September Consumer Price Index, which also has not been released. The Social Security Administration adjusts its benefits every year based on inflation. The…...
U.S. stocks drop toward worst day since April after Trump threatens more tariffs on China
2+ mon, 2+ week ago (672+ words) The S&P 500 sank 2% and was heading toward its worst loss since April. The Dow Jones Industrial Average dropped 598 points, or 1.3%, after earlier tumbling as many as 644 points. The Nasdaq composite was down 2.6%, as of 1:20 p.m. Eastern time. Stocks had been…...
Fed’s favored inflation gauge accelerates slightly in August
3+ mon, 22+ hour ago (431+ words) The Commerce Department reported Friday that its personal consumption expenditures (PCE) price index was up 2.7% in August from a year earlier, a tick higher from a 2.6% year-over-year increase in July and most since February. Excluding volatile food and energy prices,…...