News
Wall Street inches up, Mideast doubts linger
6+ hour, 27+ min ago (118+ words) The Detroit News U. S. stocks advanced on Thursday, as ongoing negotiations toward a peaceful resolution to the six-week Middle East conflict helped ease worries over the fragile U. S. -Iran truce. All three major U. S. stock indexes gained ground after rebounding from an earlier…...
US weekly jobless claims remain low; monthly inflation picks up in February
3+ hour, 38+ min ago (729+ words) Washington " New applications for U. S. unemployment benefits increased moderately last week, showing no signs of labor market deterioration and potentially giving the Federal Reserve room to keep interest rates unchanged as it monitors the economic fallout from the war with Iran....
Fed minutes show growing openness to rate hikes at March meeting
1+ day, 5+ hour ago (534+ words) Washington " A growing group of Federal Reserve policymakers felt last month that interest rate hikes might be needed to counter inflation that continued to exceed the central bank's 2% target, particularly given the inflationary impact of the U. S. -Israeli'war with Iran, according…...
U. S. service sector cools in March, inflation heating up amid Iran war
3+ day, 7+ hour ago (96+ words) The Detroit News Washington " U. S. services sector growth slowed in March, while prices paid by businesses for inputs increased by the most in more than 13 years, an early indication that the prolonged war with Iran was boosting inflation pressures. The Institute…...
Fed's Goolsbee, Hammack say inflation is flashing 'orange,' or worse
3+ day, 2+ hour ago (388+ words) Cleveland Federal Reserve President Beth Hammack and Chicago Fed President Austan Goolsbee both see inflation as a far bigger problem than employment, underscoring their support for tighter rather than looser monetary policy as the Iran war puts upward pressure on…...
The war's economic impact could get worse for Americans
5+ day, 4+ hour ago (1659+ words) Amazon is adding a fuel surcharge to its e-commerce deliveries. Mortgage rates have risen to their highest mark in seven months. And consumers may soon see higher prices for soda bottles and detergents. These are all early indications of the…...
U. S. employment growth rebounded in March; unemployment falls to 4. 3%
6+ day, 11+ hour ago (520+ words) Washington " U. S. job growth rebounded more than expected in March as a strike by healthcare workers ended and temperatures warmed up, and the unemployment rate fell to 4. 3%, but downside risks to the labor market are mounting from a war with Iran…...
'You're a liar.' Where world's biggest building boom has hit the wall
1+ week, 1+ hour ago (1228+ words) Monterey Park, California " Bryan Marsh was booed by the crowd as he approached the podium in Monterey Park's City Hall. Things weren't going as planned. In front of a wall of people holding "No Data Center" placards, he outlined how…...
U. S. retail sales strong in February; rising gasoline prices will hurt spending
1+ week, 1+ day ago (832+ words) Washington " U. S. retail sales increased by the most in seven months in February as motor vehicle purchases rebounded and temperatures warmed up, but surging gasoline prices because of war in the Middle East were expected to crimp spending in the months…...
'Liberation Day' led to trade deals, a 'year of missed opportunities"
1+ week, 1+ day ago (63+ words) 'Liberation Day' led to trade deals, a 'year of missed opportunities'The Detroit News 'Liberation Day' led to trade deals, a 'year of missed opportunities' Detroit " President Donald Trump's "Liberation Day" celebration on April 2 last year, during which he imposed tariffs…...