April’s Consumer Price Index (CPI) data shows that inflation’s torrid pace is cooling, at least a bit. But one would be hard-pressed to think anything resembling relief is being felt by the U.S. consumer. As reported Wednesday (May 15), the CPI released by the Bureau of Labor Statistics noted that prices were 0.3% higher in […]
After a line of severe weather tore through the state on Tuesday, another
May 14 was a volatile day for Bitcoin (BTC). The price of the digital currency fell by 3% within a short period after the publication of new inflation figures from the United States. This caused the price of Bitcoin to fall to around $61,000, confirming investors’ concerns about the Federal Reserve’s monetary policy. Persistent inflation […]
Argentina's annual inflation rate hit near 290% in April, the highest in decades, but showed signs of cresting as the monthly rate slowed down more than analysts expected amid a tough austerity drive by libertarian President Javier Milei. According to official data released on Tuesday, the embattled South American country
WASHINGTON (AP) — U.S. wholesale prices rose sharply last month, a sign that inflation pressures remain stubbornly high after three elevated readings in consumer prices to start the year. Join our WhatsApp group Subscribe to our Daily Roundup Email The Labor Department said Tuesday that its producer price index — which tracks price changes before
The bank released fresh figures this week showing London property prices had fallen - but there were reasons to be positive.
"The Jobs Market Is Weakening, Inflation Has Picked Up And Growth Unexpectedly Slowed" By Rabobank The Bank of England left the Bank Rate unchanged at 5.25% yesterday, but the clear signal from the record of votes, and Governor Bailey, is that cuts aren’t far away. This time around the vote split 7-2 in favour of holding (previously 8-1), with arch-dove Dhingra being joined by former hawk Ramsden in plumping for a cut. The BOE’s Monetary Policy Report lowered inflation forecasts,...
Crude oil prices climbed higher earlier today following signs that demand is in a healthy condition and the U.S. economy is not in too bad a shape either. The change in trader sentiment followed the release of the EIA’s latest weekly petroleum status report that revealed a larger-than-expected draw of 2.5 million barrels for the week to May 10. Fuel inventories also booked declines, although much smaller, which may have helped the more bullish sentiment. Further support for prices came from...
Inflation ticked down slightly year-over-year in April but still remained high as rising prices continue to take a toll on average Americans’ finances, according to Read More
RIYADH: Saudi Arabia’s inflation remained steady at 1.6 percent in April for the second month in a row, driven by changes in housing prices. The latest report from the General Authority for Statistics indicated that the Kingdom’s Consumer Price Index experienced a marginal increase of 0.3 percent in April compared to March. The monthly inflation index was impacted by a 0.4 percent increase in the prices of housing, water, electricity, gas, and other fuels, which was primarily...
Denmark's culture minister said on Monday he hoped to use copyright law to bring an end to the controversial new trend of using deep fake videos in politics. Here's the background.
A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling.