News
US economic growth weaker than thought in fourth quarter with government shutdown, consumer pullback
1+ hour, 44+ min ago (656+ words) The nation's gross domestic product " the total output of goods and services " increased at a 1.4% annual rate in the fourth quarter, the Commerce Department reported Friday, down from 4.4% in the July-September quarter and 3.8% in the quarter before that. The figures…...
US stocks edge lower after reports show both slowing growth and higher inflation
2+ hour, 38+ min ago (555+ words) Wall Street inched slightly lower early Friday but was still clinging to gains made earlier in the week as markets await important data on the state of the U.S. economy. Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq…...
Inflation rose more quickly than expected in December
3+ hour, 14+ min ago (361+ words) Prices rose 0.4% in December from the previous month, up from 0.2% in November, the Commerce Department said Friday in a report that was delayed by the six-week government shutdown last fall. The monthly increase was the highest since last February. Compared…...
Exclusive-US tariff revenue at risk in Supreme Court ruling tops $175 billion, Penn-Wharton estimates
6+ hour, 12+ min ago (477+ words) WASHINGTON, Feb 20 (Reuters) - More than $175 billion in U.S. tariff collections are at risk of having to be refunded if the U.S. Supreme Court rules against President Donald Trump's broad emergency tariffs, Penn-Wharton Budget Model economists said on Friday. The U.S. Supreme Court could…...
Lower food and fuel prices drive inflation down to 3%
2+ day, 7+ hour ago (793+ words) UK inflation fell to 3% in January, down from 3.4% in December, driven by a decrease in food, fuel and airfare prices. Economists said the decrease raised the likelihood the Bank of England will cut interest rates at its March monetary policy…...
Inflation in Canada slowed unexpectedly in January to 2.3%, with core measures softening
3+ day, 3+ hour ago (369+ words) The latest data adds to evidence that "inflationary pressures are benign in Canada," Desjardins Group economist Royce Mendes wrote in a note to clients, adding that the Bank of Canada has been "too concerned" about risks that could push inflation…...
Canadian annual inflation rate edges down in January as gasoline costs drop
3+ day, 8+ hour ago (382+ words) OTTAWA, Feb 17 (Reuters) - Canada's annual inflation rate in January accelerated at a slower pace than the previous month as a big drop in gasoline prices "helped cushion the impact of higher food and clothing prices, Statistics Canada said on "Tuesday....
Cool January inflation report could spark stock rally, investor says
1+ week, 1+ day ago (78+ words) STORY: "Goods pricing will continue to get better in the first half of the year," Bernstein said, due to'what he described'as a potential "one-time price increase because of the uncertainty around tariffs."Bernstein added that despite this week's better-than-expected nonfarm…...
US stocks wobble after feeling both the upside and downside of a strong jobs report
1+ week, 2+ day ago (758+ words) After initially rising toward its all-time high, the S&P 500 erased its early advance and then flipped between gains and losses. By 2:30 p.m. Eastern time, it was up 0.2%. The Dow Jones Industrial Average fell 34 points, or 0.1%, and the Nasdaq composite rose…...
Tariff Talk Is Back: 2 Stocks I’d Buy and Hold
1+ week, 2+ day ago (184+ words) The Bank of Canada also flagged that Canada is still adjusting to U.S. tariffs and a changing trade landscape, which is another way of saying this theme may stick around. So, how can Canadians fight back through investments? Let's look at…...