The cost to keep a roof over your family’s head has increased at the fastest pace in decades, putting serious pressure on Americans’ wallets. The shelter component of the Consumer Price Index increased 0.5% between February and March, in line …
On April 13, Tesla CEO Elon Musk offered to buy Twitter TWTR for $54.20 a share. Twitter’s stock closed at $45.08 (17% below Musk’s takeout offer price) on April 14, making it clear that many investors believe the deal won’t …
High-quality bonds should hold up better than stocks, right? Particularly if defaults aren’t really the worry. But that hasn’t been the case lately for debt issued by many Fortune 500 companies, a sector hit notably hard since the Federal Reserve …
U.S. stocks ended modestly lower Tuesday, erasing earlier gains, as investors questioned whether the sharpest rise in the consumer price index in more than 40 years marks peak inflation. What happened The Dow Jones Industrial Average DJIA fell 87.72 points, …
CHAPEL HILL, N.C. –Want to lock in a greater-than-8% return with U.S. Treasurys over the next 12 months? Of course you would, especially given the higher-than-expected inflation numbers reported this week, with the Consumer Price Index rising 8.5% over the …
The Federal Reserve signaled its plans to increase a key U.S. interest rate by 1/2 percentage point steps at upcoming meetings if inflation remains high or gets even worse, according to minutes of the central bank’s last strategy session in …
Inflation in the U.K. reached a new three-decade high in February, accelerating to a 6.2% annual rate, and is expected to rise further in the coming months on higher energy and other commodity prices. This is the highest rate since …
There are reasons to be optimistic that the Federal Reserve can bring inflation down without causing a recession, Fed Chairman Jerome Powell said Monday. The Fed is forecasting that it can raise its benchmark policy rate to 2.8% by 2023, …
St Louise Federal Reserve President James Bullard doesn’t think the U.S. central bank is attacking high inflation with enough urgency — risking both its credibility and the U.S. economic recovery. The president of the St. Louis Federal Reserve was the …
The numbers: Wholesale prices rose a sharp 0.8% in February and signaled that the hottest U.S. inflation in 40 years is unlikely to cool off in the spring. Wall Street economists had forecast a 0.9% increase. The increase in wholesale …
Americans don’t think high U.S. inflation is going away anytime soon. Consumers believe will prices will continue to rise sharply over the next year, with inflation averaging 6%, according to a survey by the New York Federal Reserve. That’s up …
A day after Russia began its invasion of Ukraine on Feb. 24, the Moscow Exchange closed for stock trading. It has yet to reopen. The iShares MSCI Russia ETF ERUS, -25.51%, managed by BlackRock, was down 81% for 2022 through …