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News
US stocks jump after oil prices ease and an inflation update comes in near expectations
2+ day, 16+ hour ago (387+ words) U.S. stocks rebounded and clawed back much of their losses for the week after oil prices eased off their recent spurt. An update on inflation across the United States that came in close to......
US wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climb
3+ day, 20+ hour ago (379+ words) In a striking acknowledgment Wednesday, Trump said that oil prices likely won’t come down until after U.S. midterm elections, but added that prices will fall immediately after Nov. 3. “Right after the election, oil prices are going to be tumbling downward,…...
US home sales weaken to slowest pace in more than a year as mortgage rates, home prices climb
3+ day, 20+ hour ago (836+ words) Sales of previously occupied U.S. homes declined in August to their slowest annual pace in more than a year as home shoppers grappled with rising mortgage rates and home prices. Existing home sales fell 2% last month from July to a seasonally…...
Oil prices climb back to where they were in May and drag Wall Street lower
4+ day, 1+ hour ago (793+ words) The S&P 500 fell 0.5% and is on track for a fourth straight loss, though it’s not far from its all-time high set last month. The Dow Jones Industrial Average was down 319 points, or 0.6%, as of 12:24 p.m. Eastern time, and the…...
What to know about Canada’s escalating trade war with the US as Carney retaliates with tariffs
6+ day, 8+ hour ago (1057+ words) The outcome could resonate far beyond Canada, showing other governments whether a smaller U.S. ally can withstand Trump’s economic pressure. Canadian Prime Minister Mark Carney says U.S. demands could hollow out key Canadian industries and limit the country’s independence, while Trump’s…...
China's exports pick up in August, jumping 25% on strong demand for autos and high tech goods
6+ day, 9+ hour ago (261+ words) Chron The data came ahead of U.S President Donald Trumpâs planned meeting with Chinese leader Xi Jinping, set for late September, though Beijing has not yet confirmed the exact date for the visit Exports grew 23.9% year-on-year in July Imports…...
Stocks fall after a surprisingly strong jobs report raises prospects of an interest rate hike
1+ week, 2+ day ago (930+ words) U.S. stocks fell and Treasury yields rose Friday after the government reported that employers unexpectedly added 162,000 jobs last month, a development that could increase chances that the U.S. central bank will raise interest rates later this month. The S&P 500 fell 0.4%, though…...
Oil prices edge lower, while Asian shares rise, tracking Wall Street gains
1+ week, 4+ day ago (370+ words) Renewed fighting between the U.S. and Iran pushed oil prices sharply higher earlier in the week. But U.S. President Donald Trump said Wednesday he doesn’t expect the U.S. bombing campaign to last “much longer.” Brent crude, the international standard, fell 1% to $94.69 per…...
Judge orders changes to Google's digital ads business but spares it from a breakup
1+ week, 4+ day ago (525+ words) A federal judge on Wednesday ordered Google to retool the system powering its monopoly in digital advertising, sparing the company from a wrenching breakup sought by the U.S. government. The initial two-page decision by U.S. District Judge Leonie Brinkema in Virginia marks…...
German companies under pressure to adapt as China challenges them at their own game
1+ week, 4+ day ago (610+ words) That model for growth is under serious pressure from a new competitor whose exports can often match or approach Germany's in quality and sell for far less: China. German companies once reaped fat profits selling to China. But the tables…...