BANGKOK — China’s economy showed signs of slowing in July as factory output and retail sales slowed and housing prices dropped further, according to data released Friday. Uncertainty over tariffs on exports to the United States is still looming over the world’s second-largest economy after President Donald Trump extended a pause in sharp hikes in…
The stock market’s hot streak might soon come to an abrupt end, Goldman Sachs said. In a note to clients, the bank said that its equity asymmetry framework — one of its gauges that assesses stocks based on the market environment and the latest economic data — was sending a signal that the risk for…
The producer price index, or PPI, surged last month, far outpacing economists’ forecasts and suggesting that President Trump’s tariffs are starting to significantly drive up the cost of imported goods. Wholesale inflation rose 0.9% in July from the prior month, the Labor Department said Thursday, outstripping economists’ expectations for a 0.2% increase. The jump marks…
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…
The most important meal of the day is also shaping up to be the most skipped meal of the day, at least according to two of the country’s largest fast-food chains. McDonald’s and Wendy’s last week, during their respective earnings calls, said they’re seeing sluggish breakfast sales. The companies attributed the trend to heightened economic…
Wholesale prices rose far more than expected in July, providing a potential sign that inflation is still a threat to the U.S. economy, a Bureau of Labor Statistics report Thursday showed. The producer price index, which measures final demand goods and services prices, jumped 0.9% on the month, compared with the Dow Jones estimate for…
MANILA, Philippines (AP) — World shares were mixed Thursday ahead of a key meeting between U.S. President Donald Trump and Russian President Vladimir Putin at the week’s end. Bitcoin briefly rose more than 3% to a new record of over $123,000, according to CoinDesk. It later fell back below $122,000. The future for the S&P…
Stocks climbed to a record as an in-line US inflation reading eased price concerns and bolstered bets on a Federal Reserve interest-rate cut in September. The MSCI All Country World Index rose 0.2% to an all-time high, tracking Wall Street’s surge to fresh peaks, as money markets nearly priced in a full 25 basis point…
It’s been a strong summer for stocks, but investors are about to enter what is historically the worst period of the year for the market. The period from late July to mid-October is a tough stretch, with August and September often seeing the worst of the volatility. The S&P 500 has dipped by an average…
The U.S. stock market is rallying toward records on Tuesday after data suggested inflation across the country was a touch better last month than economists expected. The S&P 500 rose 1.1% and was on track to top its all-time high set two weeks ago. The Dow Jones Industrial Average was up 473 points, or 1.1%,…