Pour one out for the beleaguered economists, who for once got an important indicator, the consumer price index, right on the nose, after CPI fell 0.1% in December, while core Read more
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Trump’s family business ordered to pay $1.6 million in tax-fraud fines
Former President Donald Trump’s family business was ordered to pay about $1.6 million in criminal fines following its tax-fraud conviction in December. New York State Supreme Court Justice Juan Merchan Read more
Consumer sentiment jumps to 9-month high as inflation ebbs and stocks rebound
The numbers: A survey of consumer sentiment rose to 64.6 in January and hit a nine-month high, reflecting easing worries about inflation and Americans’ greater confidence in their own finances. Read more
U.S. import prices rise for first time in six months
The numbers: The cost of U.S. imported goods rose 0.4% in December to mark the first increase in six months, but there was little sign of intensifying inflationary pressures. Economists Read more
JPMorgan stock down 3.7% as CEO Dimon warns of headwinds
JP Morgan Chase & Co. JPM, -0.10% said Friday it had net income of $11.0 billion, or $3.57 a share, in the fourth quarter, up from $10.4 billion, or $3.33 Read more
JPMorgan stock down 3.7% as CEO Dimon warns of headwinds
JP Morgan Chase & Co. JPM, -0.10% said Friday it had net income of $11.0 billion, or $3.57 a share, in the fourth quarter, up from $10.4 billion, or $3.33 Read more
Ford stock falls, set to snap record win streak in wake of Tesla price cuts
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
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