News
War in Iran sends inflation soaring and the mood of American consumers plunging
18+ hour, 19+ min ago (939+ words) Consumer prices rose 3. 3% in March from a year earlier, the Labor Department said Friday, up sharply from just 2. 4% in February and the biggest yearly increase since May 2024. On a monthly basis, prices rose 0. 9% in March from February, the largest such…...
US wholesale prices rose by a surprisingly hot 3. 4% last month, the most in a year
3+ week, 3+ day ago (611+ words) The Labor Department reported Wednesday that its producer price index " which measures inflation before it hits consumers " rose 0. 7% from January, and 3. 4% from February 2025. The year-over-year increase was the most since February 2025. The price gains were bigger than economists had forecast,…...
US stocks fall as Brent crude jumps toward $110 per barrel
3+ week, 2+ day ago (640+ words) The S&P 500 fell 0. 5% and was on track for its first loss this week. The Dow Jones Industrial Average was down 377 points, or 0. 8%, as of 11 a. m. Eastern time, and the Nasdaq composite was 0. 5% lower. Stocks fell under the pressure of a…...
How Poland went from post-Communist wreck to one of the world's 20 biggest economies
3+ week, 5+ day ago (977+ words) It's a historic leap from the post-Communist ruins of 1989-90 to today's European growth champion that economists say has lessons on how to bring prosperity to ordinary people " and that the Trump administration says should be recognized by Poland's presence at…...
US job openings rise to a better-than-expected 7 million despite sluggish labor market
4+ week, 20+ hour ago (198+ words) The 6. 95 million job postings in January were up from 6. 55 million in December, the Labor Department said Friday. That was higher than economists had forecast. Layoffs fell slightly and the number of Americans quitting their jobs " a sign of confidence in…...
Most US stocks fall as oil prices climb more
1+ mon, 6+ day ago (820+ words) The S&P 500 slipped 0. 2% in morning trading, coming off a frenetic start to the week that saw financial markets worldwide swerve sharply, sometimes hour by hour. The Dow Jones Industrial Average was down 452 points, or 0. 9%, as of 10: 15 a. m. Eastern time, and…...
China sets a lower economic growth target of 4. 5% to 5% for 2026 as challenges loom
1+ mon, 6+ day ago (598+ words) Premier Li Qiang announced a target of 4. 5% to 5% annual growth in his report presented to the opening session of this year's meeting of the National People's Congress. That compares to actual 5% growth last year and a target of about 5% in…...
If tariffs are canceled, will prices go back down?
1+ mon, 1+ week ago (623+ words) (NEXSTAR) " The Supreme Court's stunning decision to strike down the bulk of President Donald Trump's tariffs was taken as good news for some and bad news for others, depending on whom you asked. But what about for the everyday American?...
Mortgage rates fall below 6 percent for first time in over 3 years
1+ mon, 1+ week ago (299+ words) (The Hill) " Mortgage rates fell below 6 percent on Thursday for the first time in over three years, marking an opening for home buyers as inflation cools." Currently, the 30-year fixed-rate mortgage is averaging 5. 98, down. 03 percent from last week, according to…...
World shares mostly advance and Japan falls ahead of Lunar New Year holidays
1+ mon, 3+ week ago (430+ words) In early European trading, Germany's DAX was up 0. 2% to 24, 958. 01. Britain's FTSE gained 0. 3% to 10, 479. 47, while the CAC 40 in Paris also rose 0. 3% to 8, 333. 81. In Asia, Tokyo's Nikkei 225 was down 0. 2% to 56, 806. 41, after the government reported that Japan's economy grew more slowly than economists…...