Consumer prices edged higher in August as a surge in oil prices contributed to an uptick in headline inflation, according to the latest data from the Bureau of Labor Statistics released Wednesday morning. The Consumer Price Index (CPI) rose 0.6% over last month and 3.7% over the prior year in […]
inflation
U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on June 14, 2023 in Washington, DC. Drew Angerer | Getty Images News | Getty Images Central banks are at “the […]
U.S. stocks wavered Tuesday, with the tech sector hiccuping as key inflation data and the start of earnings season loomed on the week’s calendar. The S&P 500 (^GSPC) was flat, reversing gains from earlier in the trading session. The Dow Jones Industrial Average (^DJI) gained about 0.3%, while the technology-heavy Nasdaq […]
Optimism among small business owners fell below a 49-year average in March as inflation, tighter credit conditions and difficulty finding workers weighed on outlook. The National Federation of Independent Business’ (NFIB) optimism index fell to 90.1 last month from 90.9 in February, the group said in a report Tuesday. “Small […]
U.S. stocks tumbled Friday after the Federal Reserve’s most closely watched inflation measure came in stronger than expected, in another sign that price pressures have become sticky into 2023. The S&P 500 (^GSPC) sank 1.1%, while the Dow Jones Industrial Average (^DJI) plopped more than 300 points, or 1%. The […]
U.S. stocks finished mixed in back-and-forth trading Tuesday afternoon as Wall Street weighed the implications of hotter-than-expected January inflation data on the path forward for interest rates. The S&P 500 (^GSPC) finished just below the flatline, while the Dow Jones Industrial Average (^DJI) shed about 150 points, or 0.4%. The […]
Inflation picked up in the first month of the year, defying optimism from investors and officials over a steady move lower seen in recent readings. The Consumer Price Index (CPI) for January showed a 0.5% increase in prices over the past month, an acceleration from the prior reading, government data […]
U.S. stocks gained Monday as Wall Street clawed back from a losing week and an upcoming inflation reading kept investors on their toes. The S&P 500 (^GSPC) climbed around 1.2%, while the Dow Jones Industrial Average (^DJI) jumped 380 points, or 1.1%. The technology-heavy Nasdaq Composite (^IXIC) advanced 1.5%. Sorrento […]
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, December 16, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. […]
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, November 11, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. […]
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, October 14, 2022 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and […]
Geber86 | E+ | Getty Images As the U.S. economy attempts to find its footing as it emerges from the Covid-19 pandemic, two looming uncertainties have emerged: persistent high inflation and a possible recession. So it’s no surprise that financial advisors who landed on the CNBC FA 100 list for […]
U.S. stocks extended a downtrend on Monday to start the week lower as Wall Street steered into third-quarter earnings season and braced for a batch of inflation reports. The technology-heavy Nasdaq Composite (^IXIC) led declines, dropping 1% to a two-year low as a set of fresh restrictions by the Biden […]