Stocks dipped on Tuesday as new consumer price index data showed rising inflation and the Aug. 1 deadline for Trump’s tariff campaign loomed. President Donald Trump’s tariff campaign is coming for your price tags. On Tuesday, the Labor Department released new data on its Consumer Price Index, showing that consumer prices rose 2.7% in June…
Key moments Rise in inflation to 3.6% lessens the odds of a rate cut Sign up for our daily business newsletter here Inflation hits 16-month high The rate of UK inflation rose to a 16-month high of 3.6 per cent in June, official figures showed. The data from the Office for National Statistics is above…
Inflation ticked up in June, here’s where prices rose most – CBS News Watch CBS News The Consumer Price Index, which tracks the changing costs of goods, rose in June for the second month in a row. Kelly O’Grady breaks down what that means. Be the first to know Get browser notifications for breaking news,…
How to save on groceries as prices climb How to shop smarter and spend less as grocery prices climb 03:49 The Consumer Price Index in June rose 2.7% on an annual basis, a sign inflation around the U.S. is creeping up after declining earlier this year. By the numbers The CPI was forecast to rise…
U.S. markets pointed lower on Sunday night as the Trump administration showed no signs of backing off on tariffs or Federal Reserve Chairman Jerome Powell. After Wall Street previously downplayed risks from President Donald Trump’s trade war, investors are starting to take his tariff threats more seriously. Trump continued his letter-writing blitz, warning the EU…
Global backlash grows to Trump’s tariff threats – CBS News Watch CBS News President Trump on Thursday threatened to impose a 35% tariff on Canadian goods beginning Aug. 1. Mr. Trump’s latest salvo came after he also threatened tariffs on a number of other countries earlier in the week, including Japan and South Korea. Kelly…
Stock markets mostly rose Thursday on optimism that governments would reach deals to avoid US tariffs, with London hitting a record high. London’s FTSE 100 index jumped one percent in morning trading, lifted also by a surge in mining stocks after US President Donald Trump said he would enact a 50-percent copper tariff on August…
Stock markets mostly rose Thursday on optimism that governments would reach deals to avoid US tariffs, with London hitting a record high. London’s FTSE 100 index jumped one percent in morning trading, lifted also by a surge in mining stocks after US President Donald Trump said he would enact a 50-percent copper tariff on August…
McDonald’s is reviving fan favorites, spicing up its menu and emphasizing low-cost items to bring inflation-weary customers back to the Golden Arches. The world’s largest restaurant chain recently announced it was bringing back the popular Snack Wrap, which makes its return to McD’s outlets on July 10, along with a new, limited-time Spicy Egg McMuffin…
President Donald Trump has made it clear what he wants: lower interest rates, and ASAP. That’s the thrust behind his yearslong feud with Jerome Powell, the Fed Chair who’s stood pat on interest rates, even amid pointed criticisms and threats from the president that his position is in jeopardy. Trump — who has, among other…