NEW YORK — Most stocks are falling on Wall Street Thursday after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expected. But gains for Amazon and other influential Big Tech companies are helping to mask the losses. What You Need To Know Most stocks are falling on…
WASHINGTON (AP) — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers may be on the way. The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers— rose 0.9% last…
VILNIUS, Lithuania — The European Union on Thursday called on China to revoke sanctions imposed on two Lithuanian banks, arguing there is no justification for them. Beijing announced the measures this week against Urbo Bank and Mano Bank in retaliation for EU penalties on two Chinese lenders. The Lithuanian banks do not operate in China,…
Here are five key things investors need to know to start the trading day: 1. September cut? It’s looking more and more likely that the Federal Reserve will soon start cutting rates, and investors are thrilled. After this week’s cooler-than-expected consumer inflation report, Fed funds futures now forecast a nearly 100% chance that the central…
Jennifer Aniston, 56, is still making headlines with her new boyfriend, hypnotist Jim Curtis, amid whispers of a potential elopement in Cabo this year, according to Women’s Day. She also recently revealed to Vanity Fair that she and Gwyneth Paltrow chat about their shared ex, Brad Pitt, and reflected on her feelings about the infamous…
Ignore for a moment Donald Trump’s shakedown of Nvidia, in which he has allowed the world’s most valuable firm to resume limited exports of its artificial-intelligence (AI) chips to China in return for a 15% cut of the proceeds for Uncle Sam. Think instead of the argument about whether it is wise to let China…
Check out the companies making headlines in premarket trading. Cava — The fast-casual restaurant chain plunged 23.6% after revenue came in at $280.6 million for the second quarter, missing the LSEG consensus forecast of $285.6 million. The company also missed expectations for same-store sales and lowered its forecast. However, Cava earned 16 cents per share…
Apple CEO Tim Cook (R) shakes hands with U.S. President Donald Trump during an event in the Oval Office of the White House on August 6, 2025 in Washington, DC. Win Mcnamee | Getty Images Top tech executives are at the forefront of a recent swathe of unprecedented deals with U.S. President Donald Trump. In…
BEIJING — China imposed sanctions on two Lithuanian banks in what it said was retaliation for the European Union including two Chinese financial institutions in its latest round of sanctions against Russia. Lithuania’s UAB Urbo Bankas and Mano Bankas AB are prohibited from having any cooperation with individuals or institutions in China, according to a…
Beijing has severed ties with Czech President Petr Pavel following his private visit to congratulate the 14th Dalai Lama on his 90th birthday last month. The meeting on July 27 “seriously contravenes the political commitment made by the Czech Republic government to the Chinese government, and harms China’s sovereignty and territorial integrity,” said Chinese foreign…