FinancialBusiness – Charm

US stocks sink under the weight of rising pressure from the bond market

Cs news11 months ago11 months ago010 mins

NEW YORK (AP) — Wall Street sank on Tuesday as rising pressure from the bond market pulled U.S. stocks further from their records. The S&P 500 fell 0.7% for its worst day in a month after paring a loss that earlier reached 1.5%. The Dow Jones Industrial Average dropped 249 points, or 0.5%, and the…

U.S. producer prices surge in July as Trump tariffs push costs higher

Cs news12 months ago12 months ago07 mins

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…