McDonald’s reported mixed quarterly results Tuesday as its reorganization weighed on its profit and boycotts hurt its Middle Eastern sales. The company also continues to see consumers worldwide pull back on their restaurant spending. “Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day-to-day spending, which is putting pressure on the [quick-service restaurant] industry,” CEO Chris Kempczinski said on the company’s...
SEOUL, April 19 (Yonhap) -- The government will beef up the monitoring of
An inflation measure closely watched by the Federal Reserve rose faster than expected in March as high prices continue to weigh on millions of Americans. The personal consumption expenditures index showed that consumer prices rose 0.3% from the previous month, according to the Labor Department, in line with expectations. On an annual basis, prices climbed 2.7% – higher than both the 2.6% forecast from LSEG economists and the 2.5% reading recorded the previous month. In another sign that progress...
The PCE index shows that progression on bringing down inflation has stalled. | Economy
U.S. Treasury yields fell on Friday as investors digested Thursday’s gross domestic product report and the PCE data.
LONDON, April 30 (Reuters) – A group of Western insurers has said a Russian oil price cap has become unenforceable and only pushed more ships into joining a shadow fleet, delivering one of the
Israel is waiting for Hamas to respond to a cease-fire proposal, an Israeli official told NBC News.
Oil prices could rise to $102 per barrel if a major conflict in the Middle East breaks out involving one or more oil producers, according to the World Bank.
Wind PPA prices continue to rise as ongoing inflationary pressures limit development and make some new projects unprofitable, according to LevelTen Energy.
Items bought in shops are becoming more expensive at the slowest pace in more than two years, according to latest industry figures which show that some prices are actually falling. It means that goods, such as clothes and food, are becoming more costly but far less than before, according to the shop price index from the trade organisation for UK retailers, the British Retail Consortium (BRC), and retail behaviour researchers NielsenIQ. Why have some prices fallen? The shop price index for April...
On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the March PCE report that showed the yearly PCE inflation rate increasing with the annual core rate holding steady along with
Office for National Statistics figures suggest the price of olive oil has soared by 89 per cent in the past two years. So what exactly is going on?