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
Here are the most important news investors need to start their trading day: 1. Packaging Stock futures fell on Friday ahead of the week’s final trading session. However, all the major indices are still heading for weekly gains, despite what has seemed like near-daily stagnation since the start of 2024. The Dow Jones Industrial Average … 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
A view of the city from the Azabudai Hills Mori JP Tower in the Minato district of Tokyo, Japan on November 24, 2023. Ahmet Furkan | Anadolu | Getty Images Asia-Pacific markets rose across the board, with Japan significantly extending its record rally ahead of US inflation data for December. Country benchmark Nikkei 225 it … 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
US President Joe Biden during his visit to Flex LTD in West Columbia, South Carolina, June 6. Jonathan Ernst | Reuters The White House took aim at former President Donald Trump after the Republican presidential candidate said he hoped the economy would collapse this year rather than during his theoretical second term. “It is the … Read more