Even good news on U.S. inflation isn’t assuaging investors spooked by the prospects of a global trade war. Stocks in the U.S. opened slightly lower amid the latest salvo from President Trump, who on Thursday threatened to slap a 200% tariff on European Union exports of wine, champagne and other alcoholic beverages in retaliation for…
BANGKOK (AP) — Asian shares were mostly lower on Thursday despite a rebound on Wall Street fueled by an encouraging update on U.S. consumer prices. U.S. futures fell and oil prices were little changed. Chinese markets slipped as investors watched for the next steps in President Donald Trump’s trade war. Hong Kong’s Hang Seng index…
What contributed to February’s cooling inflation – CBS News Watch CBS News A better-than-expected inflation report may have contributed to a better stock market performance. Still the trade war is still on, and the European Union announced retaliatory tariffs. Kelly O’Grady explains. Be the first to know Get browser notifications for breaking news, live events,…
WASHINGTON, DC – MARCH 11: U.S. President Donald Trump, accompanied by White House Senior Advisor, … [+] Tesla and SpaceX CEO Elon Musk (L), speaks alongside a Tesla Model Y on the South Lawn of the White House on March 11, 2025 in Washington, DC. Trump spoke out against calls for a boycott of Elon…
Trading in U.S. stocks mostly rebounded Wednesday after a government report showed that U.S. inflation slowed more than expected in February. The S&P 500 rose 39 points, or 0.7%, to 5,611 in early trading, a day after it briefly fell more than 10% below its all-time high set last month. The Dow Jones Industrial Average…
Annual inflation slowed in February, according to U.S. Bureau of Labor Statistics (BLS) data released on Wednesday. The 2.8% inflation rate is slightly less than January’s 3% and December’s 2.9%. Inflation was down in February across the board, with core prices excluding food and energy rising at half the January pace. Lower airfare, shelter costs,…
Eggs for sale at a grocery store in Los Angeles on Feb. 26, 2025. Eric Thayer/Bloomberg via Getty Images Inflation receded in February on the back of easing price pressures for consumer staples like gasoline, groceries and housing, amid worries that President Donald Trump’s tariff policies could stall progress. The consumer price index rose 2.8%…
Prices for goods and services moved up less than expected in February, providing some relief as consumers and businesses worry about the impact tariffs might have on inflation, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a wide-ranging measure of costs across the U.S. economy, ticked up a seasonally adjusted 0.2% for…
Markets react to Trump comments on economy Stocks take another tumble after Trump’s weekend comments on inflation 04:16 Inflation rose 2.8% on an annual basis, slightly lower than economists had forecast but continuing to signal that price hikes remain elevated despite the Federal Reserve’s efforts to tame inflation to a 2% annual rate. By the numbers…
A person browses a grocery store following the announcement of tariffs on Canadian and Mexican goods by U.S. President Donald Trump, in Toronto, Ontario, Canada, on March 4, 2025. Arlyn Mcadorey | Reuters With concerns running high that President Donald Trump’s tariff policies will aggravate inflation, a report Wednesday could deliver some mildly encouraging news….