Tech led gains in US stock futures on Monday, after the Senate took a big step toward ending the record-breaking government shutdown that has clouded the picture of the economy. S&P 500 futures (ES=F) rose nearly 1%, while those on the tech-heavy Nasdaq 100 (NQ=F) climbed 1.5%. Contracts on the Dow Jones Industrial Average (YM=F),…
Tech led gains in US stock futures on Monday, after the Senate took a big step toward ending the record-breaking government shutdown that has clouded the picture of the economy. S&P 500 futures (ES=F) rose 0.8%, while those on the tech-heavy Nasdaq 100 (NQ=F) climbed 1.4%. Contracts on the Dow Jones Industrial Average (YM=F), which…
Stocks rallied on Friday after September’s inflation report came in slightly better than expected. But on Main Street, the relief is harder to find. The headline Consumer Price Index rose 3% from a year earlier, a tenth of a percentage point below estimates, giving the Fed some breathing room to press ahead with another rate…
Inflation may be increasing at a slower pace than expected, the markets might be cheering, and the Fed will likely soon be cutting, but Diane Swonk isn’t popping Champagne. The veteran economist says the economy “looks better than it feels” because the very data used to measure it is eroding, and the illusion of resilience could…
US stocks climbed to an all-time high on Friday, as traders cheered slower-than-anticipated September consumer price data that boosts optimism for an expected Federal Reserve interest-rate cut next week. The S&P 500 Index rose 0.8% at 9:55 a.m. in New York, with nine of 11 sectors in the green, led by technology. The Nasdaq 100…
The Consumer Price Index climbed at an annual rate of 3% in September, coming in below economists’ forecasts as the impact of President Trump’s tariffs remain muted. By the numbers Economists polled by financial data firm FactSet had forecast CPI rose at a 3.1% annual clip last month. The CPI measures price changes in a…
A delayed inflation report on Friday is expected to deliver sobering data about the direction of U.S. prices, with economists forecasting that the Consumer Price Index in September rose at its fastest pace in 16 months. CPI last month is projected to have risen 3.1% on an annual basis, which would be the highest since…
WASHINGTON (AP) — The ongoing government shutdown is delaying the announcement of the annual Social Security cost-of-living adjustment for tens of millions of beneficiaries. Originally scheduled for Wednesday, the 2024 Social Security COLA announcement will now be Oct. 24. It is timed to the September Consumer Price Index, which also has not yet been released….
Hong Kong franchised bus operator Citybus has raised salaries for its frontline staff by 2.5 per cent, matching the pay increase offered to all employees by rival KMB. Citybus, the second largest franchised bus operator in Hong Kong after KMB, said the firm considered factors, such as labour market trends, in adjusting wages and was…
As China’s National Day holiday approaches, prices of hairy crabs, one of the most popular seasonal gifts at this time of the year, are down markedly as the first batches are delivered to markets across the country. Industry insiders predict that prices will fall further, citing higher production, shrinking gift-giving demand and weak household spending….