Investors await key economic data Investors await new key economic data, interest rate decision 03:36 The U.S. economy surged between April and June after shrinking in the first three months of the year, driven by a large shift in imports tied to President Trump’s trade policies. By the numbers The country’s GDP increased at an…
As United States President Donald Trump blasts his way through tariff announcements, one thing is clear, experts say: Some level of duties is here to stay. In the past few weeks, Trump has announced a string of deals – with the European Union, Japan, Indonesia, Vietnam and the Philippines – with tariffs ranging from 15…
Parents rush to buy school supplies before tariff deadline – CBS News Watch CBS News The National Retail Federation says more parents than ever are bracing for price hikes and are trying to get ahead of the Aug. 1 tariff deadline by shopping for school supplies in the middle of summer. Ali Bauman has more….
When Brazilian President Luiz Inacio Lula da Silva was in China earlier this year for his third meeting with Xi Jinping since returning to office in 2023, he hailed the relationship between the two countries as “indestructible”. That proximity will likely increase even more following United States President Donald Trump’s announcement of a 50 percent…
Trump frustrations with Fed Chair Powell coming to a head – CBS News Watch CBS News President Trump has relentlessly criticized Fed Chair Jerome Powell for not cutting interest rates. Tuesday night, he privately floated firing Powell. Nancy Cordes reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive…
BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…
A measure of wholesale prices showed no change in June, providing a conflicting sign over whether tariffs threaten to boost inflation in the coming months. The producer price index was flat, according to seasonally adjusted numbers from the Bureau of Labor Statistics reported Wednesday. Economists surveyed by Dow Jones had been looking for an increase…
US stocks pared gains Wednesday as Wall Street weighed a surprise inflation print and scoured the latest batch of earnings for signs that corporate America is weathering the tariff turmoil. The Dow Jones Industrial Average (^DJI) rose about 0.1%, having opened higher. The blue-chip index lost over 400 points on Tuesday. Meanwhile, the S&P 500…
US stocks pared gains Wednesday as Wall Street weighed a surprise inflation print and scoured the latest batch of earnings for signs that corporate America is weathering the tariff turmoil. The Dow Jones Industrial Average (^DJI) rose about 0.1% after opening higher. The blue-chip index lost over 400 points on Tuesday. Meanwhile, the S&P 500…
US stock futures struggled on Wednesday as Wall Street braced for another inflation checkup after the latest consumer price reading spurred traders to pare bets on Federal Reserve interest-rate cuts. Dow Jones Industrial Average futures (YM=F) traded flat after the blue-chip index lost over 400 points in the prior session, while S&P 500 futures (ES=F)…