Wholesale inflation cooled last month in latest sign that price pressures are slowing
WASHINGTON (AP) — Wholesale inflation cooled last month in latest sign that price pressures are slowing.
WASHINGTON (AP) — Wholesale inflation cooled last month in latest sign that price pressures are slowing.
Colleges in Ontario are adapting to life with a cap on international students, with an average drop of 50 per cent in enrollment from abroad. Global News' Queen's Park Bureau Chief Colin D'Mello explains the impact.
"While it is too soon to assume that this is a turning point, it does suggest that a recession is unlikely in the near term," JPMorgan said.
Fed policymakers will be paying close attention to the latest data as their next policy meeting draws nearer.
Russia's budget surplus for the first nine months of 2024 stood at 169 billion roubles ($1.73 billion) or 0.1% of gross domestic product (GDP), compared to a deficit of 331.4 billion roubles one month earlier, the Finance Ministry said on Wednesday. The ministry stated that the budget's oil and gas revenues surged by 49.4% in January-September due to higher prices for oil, Russia's main export commodity, exceeding its earlier forecast baseline level. "In the coming months, a steady excess of oil and gas revenue over the baseline level is also expected," the ministry said.
WASHINGTON (AP) — Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race.
September's Consumer Price Index will serve as the latest test of whether inflation will continue to ease as the Federal Reserve debates its next interest rate decision.
An EU-China trade war is "unavoidable" on current trends, according to Europe's top business leader in the country, who said that Beijing's own policies mean it could not be considered the "victim". "A full-blown trade war looks more and more likely if nothing changes," said Jens Eskelund, the chairman of the European Union Chamber of Commerce in China, in an interview in Brussels on Wednesday. Jens Eskelund said it is "very important" to stress that China is not the "victim" in the dispute. Pho
Inflation rates have dramatically fallen since they topped 9% in June 2022. The current annual inflation rate is 2.5%, the lowest it's been since February 2021. That's a significant drop; however,...
The number of Americans filing for unemployment benefits last week jumped to its highest level in a year, which analysts are saying is more likely a result of Hurricane Helene — and the Boeing machinist strike — than a broader softening in the labor market.
SEOUL, South Korea (AP) — South Korea’s central bank on Friday cut its policy rate for the first time in more than four years as pressure to revive a sluggish economy outweighed concerns about the country’s level of household debt.
(Bloomberg) -- Fiscal imbalances could threaten Latin America’s success in taming inflation, as governments across the region boost growth through more public spending, according to the World Bank. Most Read from BloombergSan Francisco to Shut 9% of Public Schools Amid Budget WoesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationShould Evictions Be Banned After Hurricanes and Climate Disasters?The Cablebus Trans
The twin hurricanes hitting Florida could distort October’s labor-market data, clip consumer spending and economic growth in the regions affected, and send food prices higher. Evacuations in the region could impact the labor market and lead to an elevated unemployment rate in the October jobs report. Hurricane Milton could wreak short-term havoc on U.S. economic data, even as it inflicts more lasting pain on Florida’s Big Bend region.
The US dollar won't be displaced by any of its rivals anytime soon, Morgan Stanley said.
BEIJING (Reuters) -China's anti-dumping measures against brandies imported from the European Union are "legitimate trade remedy measures", the commerce ministry said on Wednesday, a day after imposing the temporary curb. French brands such as Hennessy and Remy Martin will face the strictures, adopted just days after the 27-nation bloc voted for tariffs on Chinese-made electric vehicles (EVs), sparking its biggest trade row with Beijing in a decade. China's commerce ministry said preliminary findings of an investigation showed that dumping of brandy from the European Union threatened "substantial damage" to domestic industry.
Memo to the bulls: Be on the lookout for the return of inflation.
BERLIN (Reuters) -Germany's economy is expected to contract by 0.2% in 2024, the economy ministry said on Wednesday, which is likely to make it for the second year running the only member of the Group of Seven major industrial democracies to post shrinking output. Germany's economy was already the weakest among its large euro zone peers and other G7 countries last year, with a 0.3% decline in gross domestic product. If economic output contracts for a second consecutive year, which last happened in 2002-2003 when exporting and manufacturing industries struggled, Germany would be the only G7 economy in contraction, according to the latest projections of the International Monetary Fund.
(Bloomberg) -- Mexico City intends to tap the local sustainable debt market to fund projects in electromobility, water and social inclusion, according to its new finance chief Juan Pablo de Botton.Most Read from BloombergThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsSan Francisco to Shut 9% of Public Schools Amid Budget WoesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationShould Evictions
Brussels shouldn’t forget its border regions as it revamps its trillion-euro budget, the finance ministry's Mindaugas Liutvinskas told Euronews – as he urges EU counterparts to seize Russian assets and issue eurobonds.View on euronews
We recently compiled a list of the 10 Stocks with Biggest Upside Potential According to Hedge Funds. In this article, we are going to take a look at where Rivian Automotive, Inc. (NASDAQ:RIVN) stands against the other stocks with biggest upside potential. The US equities saw a strong move after the September jobs report exceeded the economists’ […]
Wall St stocks roared back on Tuesday just as China doubts re-emerge - but a scattergun week now has investors navigating the impact from a potentially devastating hurricane in Florida and a recoiling oil price in the face of Middle East tensions. Adding to this heavy and sometimes conflicting newsflow, the U.S. Justice Department late Tuesday said it may ask a judge to force Alphabet's Google to divest parts of its business, such as its Chrome browser and Android operating system - claiming they sustain an illegal monopoly in online search. The moves paled in comparison to the wild swings in China's markets, where growing doubts about the success of last month's slightly frantic economic stimulus measures saw the biggest one-day losses in mainland indexes there since the pandemic in 2020.