The London skyline. Vuk Valcic Sopa Images | Lightrocket | Getty Images LONDON — European stocks were higher Thursday, maintaining the week’s positive momentum as investors digest cooler-than-expected inflation readings in the U.S and U.K. The regional Stoxx 600 index was up 0.2% at 9:38 a.m. in London, with healthcare stocks leading gains, up 0.5%. … Read more
After two years of interest rate hikes, inflation has seemingly been tamed, according to some experts. Year-over-year prices have receded to a rate of 2.9%, according to the latest consumer price index report, which measures the cost of everyday goods and services. This suggests that while prices for things like rent, groceries and services will … Read more
Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September. Wednesday’s report from the Labor Department showed that consumer prices rose just 0.2% from June to … Read more
The New Oxford Circus crossing in London. Loop Images | Universal Images Group | Getty Images LONDON — European stocks closed higher Wednesday as investors in the region assessed key inflation prints from the U.S. and U.K. The regional Stoxx 600 index ended the session up 0.43%, continuing cautiously positive sentiment this week. Travel and … Read more
Following cooler-than-expected producer price data Tuesday morning, the market’s 50/50 odds between a quarter-point Federal Reserve interest rate cut in September and a half-point cut tilted further toward the bigger move. That sparked a big rally in stocks, with the Nasdaq leading the way higher and jumping more than 2% in afternoon trading. Here are … Read more
Product prices as seen at Walmart. Courtesy: Walmart The news Tuesday was good for inflation, and investors hope it will get even better Wednesday when the Labor Department releases the July consumer price index report. With the score being one down, one to go on confirming that the early-year jump in prices either was a … Read more
European stocks closed higher last Friday as investors digested economic data from the region including a preliminary U.K. second-quarter GDP reading, July inflation prints out of France, Spain and Italy, and euro zone industrial production for June. Camilla Cerea | Bloomberg via Getty Images LONDON — European stocks opened higher Tuesday, regaining some positive momentum after last … Read more
To the naked eye, most swimsuits seem like just a few pieces of fabric sewn together. Yet the cost of swimsuits varies widely, with some costing under $20 and others upward of $200. The difference in price can be confusing, given that many higher-priced swimsuits look and feel so similar to their lower-priced counterparts. However, … Read more
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks with members of the media before boarding Air Force Two at Detroit Metropolitan Wayne County Airport in Romulus, Michigan, U.S., August 7, 2024. Elizabeth Frantz | Reuters Vice President Kamala Harris on Saturday fiercely disagreed with former President Donald Trump’s suggestion this week that U.S. … Read more
Republican presidential candidate former President Donald Trump speaks during a press conference at his Mar-a-Lago estate on August 08, 2024, in Palm Beach, Florida. Joe Raedle | Getty Images Republican presidential nominee Donald Trump on Thursday said that he should have a voice when the Federal Reserve makes its decisions on interest rates. “I feel … Read more
