News
Wall Street ignores inflation, consumer sentiment for now
1+ hour, 38+ min ago (538+ words) Wall Street is wondering "how long can it go on" regarding the Iran war and "how low can it go" about consumer sentiment. MANHATTAN (CN) " Markets notched sizeable gains this week, even as gasoline prices, consumer sentiment and inflation concerns…...
Argentina's beef consumption falls to lowest level in 20 years as prices soar
6+ day, 7+ hour ago (694+ words) As beef prices climb across Argentina, longtime butchers in Buenos Aires are watching consumption fall to levels not seen in two decades. Among the stacks of beef boxes and red meat cuts hanging from metal hooks, chicken and pork are…...
Rising inflation, oil distracts Wall Street from China trade prospects
1+ week, 1+ hour ago (586+ words) Investors are no longer focusing solely on Iran, as U. S. -China trade talks and resurgent inflation has Wall Street increasingly worried. MANHATTAN (CN) " Investors this week hoped for hints that U. S-China trade relations could improve, but continued strife in the Strait…...
Jobs market stabilizes, with gains slowing after hot March and cold February
2+ week, 8+ hour ago (649+ words) Gains were concentrated in a few industries like healthcare, but the labor pool seems to be healing after a disastrous February. MANHATTAN (CN) " The U. S. economy added 115, 000 jobs in April, more than double the amount most experts forecast. The headline print…...
Second Circuit sides with Bank of America in New York mortgage escrow class action
2+ week, 3+ day ago (687+ words) The federal appeals court gave banks a way around New York's interest requirement for mortgage escrow accounts. MANHATTAN (CN) " Bank of America and other national lenders are not required to abide by a New York law requiring interest payments on…...
Stocks gain more ground, even with inflation and Fed drama
3+ week, 4+ hour ago (663+ words) Investors already were worried they may see only one interest rate cut this year. With Jerome Powell remaining, those hopes could be dashed. MANHATTAN (CN) " Wall Street had another winning week, with investor enthusiasm dampened by resurgent inflation and the…...
Europe's Central Bank warns of risks from Mideast war as it holds rates
3+ week, 1+ day ago (667+ words) FRANKFURT, Germany (AFP) " The European Central Bank held interest rates steady on Thursday but signalled a possible increase ahead as it warned of growing risks to the growth and inflation outlook due to the war in the Middle East. Energy…...
Key inflation gauge remains elevated in February before Iran war
1+ mon, 1+ week ago (331+ words) The large jump in inflation in March will'heighten concerns at the Fed'that prices are moving further away from their inflation target. An inflation gauge monitored by the Federal Reserve rose 0. 4% in February from January, up slightly from the previous month....
Prime Minister Mark Carney unveils $18 billion Canadian investment fund
3+ week, 4+ day ago (278+ words) Carney'said the fund will invest in major Canadian industrial projects in areas such as energy, infrastructure, mining, agriculture and technology. It will begin at 25 billion Canadian dollars ($18 billion). The prime minister said the federal government will put up funds alongside…...
UK inflation rises as prices at the pump spike after Iran war
1+ mon, 8+ hour ago (522+ words) Inflation is set to rise further in coming months, possibly to 4%, as higher energy prices impact household bills. The annual consumer price inflation rate increased to a three-month high of 3. 3%, from 3% the previous month, according to the Office for National…...