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
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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
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
These numbers make Delta Air Lines’ stock the best bet among U.S. carriers for 2023 and 2024
U.S. airlines will begin their flurry of fourth-quarter earnings reports on Jan. 12, when Delta Air Lines Inc. announces its results. But investors interested in the airline space might be Read more
Treasury yields fall after U.S. inflation data
Treasury yields fell Thursday, after an eagerly awaited U.S. December consumer-price index reading showed inflation continued to slow, in line with expectations. What’s happening The yield on the 2-year Treasury Read more
Jobless claims show no spike in layoffs
The numbers: Initial jobless claims fell by a seasonally adjusted 1,000 to 205,000 in the week ended Jan. 7, the Labor Department said Thursday. Economists polled by The Wall Street Read more
Inflation slows again at the end of 2022 and clears path for slower Fed rate hikes
The numbers: The U.S. cost of living fell 0.1% in December and posted the first decline since the onset of the pandemic in 2020, pointing to a further slowdown inflation Read more
China stops issuing visas to Japanese and South Korean visitors as spat over test mandates for Chinese tourists widens
China stopped issuing visas for visitors from Japan and South Korea on Tuesday in apparent retaliation for COVID-testing measures imposed on travelers from China, the Associated Press reported. China had warned Read more
Why Thursday’s U.S. CPI report might kill stock market’s hope of inflation melting away
Investors should not have unrealistic expectations regarding the pace at which U.S. inflation subsides in 2023, analysts argue, ahead of Thursday’s consumer price index report for December which may test Read more
Pentagon drops COVID-19 vaccine mandate for troops
WASHINGTON — The Pentagon formally dropped its COVID-19 vaccination mandate Tuesday, but a new memo signed by Defense Secretary Lloyd Austin also gives commanders some discretion in how or whether Read more