Medical personnel use a mammogram to examine a woman’s breast for breast cancer. Hannibal Hanschke | dpa | Picture Alliance | Getty Images SAN FRANCISCO – Established but a promising group of cancer drugs was a hot market in 2023, and more companies could look to treatments to fuel growth in the coming year. That … Read more
Wholesale prices unexpectedly fell in December, providing a positive signal for inflation, the Labor Department said on Friday. The producer price index fell 0.1% for the month and was up 1% at the end of 2023 from a year ago, the Labor Department said on Friday. Economists polled by Dow Jones had expected a monthly … Read more
U.S. military aid to Ukraine has “stalled” and Congress has yet to authorize emergency spending requested by President Joe Biden’s administration in late October. National Security Council spokesman John Kirby said at a White House press briefing on Thursday that Washington “issued the last draw that we were supposed to fund.” “And that’s why it’s … Read more
The US Treasury Building in Washington, DC on August 15, 2023. Nathan Howard | Bloomberg | Getty Images The U.S. government spent another half a trillion dollars in red ink in the first quarter of its fiscal year, the Treasury Department announced Thursday. For the period from October to December 2023, the budget deficit reached … Read more
The prices consumers pay for a variety of goods and services rose more than expected in December, according to a measure from the Labor Department on Thursday, showing that inflation is still gripping the US economy. The consumer price index rose 0.3% for the month, better than the estimate of 0.2% at a time when … Read more
Consumers shop at a retail chain in Rosemead, California on December 12, 2023. Frederic J. Brown | AFP | Getty Images Economists expect inflation to have picked up in December, a trend that could challenge the market’s eager expectation that the Federal Reserve will cut interest rates this year. The consumer price index, a widely … Read more
Federal Reserve Governor Michelle Bowman delivers her first public remarks as a federal policymaker at the American Bankers Association conference in San Diego, California, on February 11, 2019. Ann Saphir | Reuters Federal Reserve Governor Michelle Bowman, who has been one of the staunchest advocates of the central bank’s tight monetary policy, said on Monday … Read more
Jeff Lawson, founder, CEO and chairman of Twilio, speaks at a press conference during Mobile World Congress on March 1, 2017 in Barcelona, Spain Joan Cros Garcia/Corbis | Corbis News | Getty Images Twilio Co-founder Jeff Lawson said Monday he is stepping down as CEO of the enterprise communications software company. The move comes as … Read more