Shares of Ford Motor Co. F, +1.59% dropped 3.5% in premarket trading Friday, putting them on track for their first loss in 11 sessions, to snap a record-long win streak. Read more
Category: News
German economy slowed in 2022 as high energy prices took a toll
The German economy lost momentum in 2022 as the country faced multidecade high inflation rates as energy prices soared, posing challenges for its key industrial sector. The eurozone’s largest economy Read more
Genesis, Winklevoss twins’ Gemini crypto venture charged by U.S. securities regulators
U.S. securities regulators on Thursday charged Genesis Global Capital LLC and Gemini Trust Company LLC for the unregistered offer and sale of securities to retail investors through the companies’ Gemini Read more
Dow ends more than 200 points higher as inflation cools in line with forecasts
Stocks ended a choppy session with gains Thursday, finding support after the December consumer-price index showed inflation continued to slow, in line with forecasts, last month. The data appeared to Read more
Inflation is easing, but the prices of these groceries are expected to soar in 2023 — including one whose price rose nearly 60% in December
General inflation is easing, but the prices of some food items are not going down anytime soon. And the reasons are largely out of the Federal Reserve’s control. The consumer Read more
St. Louis Fed’s Bullard calls latest inflation data ‘encouraging’
St. Louis Fed’s Bullard calls latest inflation data ‘encouraging’
COVID subvariant dominant in northeastern U.S. has a growth advantage and may have greater ability to evade immunity than earlier strains, WHO says
The XBB.1.5 omicron subvariant has a growth advantage over other circulating subvariants of the virus that causes COVID-19, and early data suggest it also has a greater ability to evade Read more
Biden says he’s confident classified documents issue will be resolved
President Joe Biden on Thursday said he takes classified documents seriously after the discovery of a second set of materials at his Wilmington, Del., home. “We’re going to see all Read more
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Economics Bacon, TVs, and Coats Are All Down. What’s Up With Prices. The consumer price index for December came out Thursday. Although overall inflation has been slowing, prices are still Read more
Attorney General Garland to make statement at 1:15 p.m. Eastern
Attorney General Merrick Garland will make a statement at 1:15 p.m. Eastern, the Justice Department said Thursday, without giving a subject. The statement will, however, follow news that President Joe Read more