Carmax surges after beating quarterly earnings Starbucks workers on strike next week Indices down: Dow 0.65%, S&P 0.77%, Nasdaq 1.01% NEW YORK, June 23 (Reuters) – U.S. stocks closed lower on Friday, capping a week dominated by testimony from Federal Reserve Chairman Jerome Powell in which he signaled further interest rate hikes to come , … Read more
Bank of England raises rates by surprise 50 basis points Accenture slips after quarterly revenue forecast Spirit AeroSystems sinks as production halts, weighs on Boeing Indices: Dow down 0.01%, S&P up 0.37%, Nasdaq up 0.95% June 22 (Reuters) – The S&P 500 and Nasdaq closed higher on Thursday as U.S. Federal Reserve Chairman Jerome Powell … Read more
UK CPI steady at 8.7% in May vs. expected drop to 8.4% Core inflation hits its highest level since 1992 at 7.1% Markets step up bets on Bank of England rate hike Finance minister says government ‘will stick to its guns’ LONDON, June 21 (Reuters) – Britain’s inflation defied forecasts of a slowdown and held … Read more
June 20 (Reuters) – Groundbreaking work for single-family home construction projects in the United States rose in May by the biggest increase in more than three decades and permits for future construction also rose, suggesting that the housing market could take a turn after being hampered by the Federal Reserve’s interest rate hikes. Yet even … Read more
OXFORD, England, June 20 (Reuters) – For Ros Deegan, the excitement of raising $100 million to develop a biotech company among Oxford’s dream spiers has quickly dampened: unable to find a bigger lab , she regularly had to work from home. Not far away, in the rival university center of Cambridge, biochemist Catherine Elton, constantly … Read more
RUICHANG, China, June 19 (Reuters) – When Steven Du took over his parents’ factory producing climate control systems in Shanghai, one of the first changes he made was turning on the heating of the factory in winter – something his frugal ancestors were reluctant to do. TO DO. “If you don’t improve their environment, workers … Read more
Nikkei slips, yen at 7-month low after BOJ meeting China expected to cut rates after disappointing growth US closed for holidays, awaiting Powell testimonies BOE set to hike rates 25 basis points on Thursday, oil crashes SYDNEY, June 19 (Reuters) – Asian stocks started cautiously on Monday after their best weekly run in five months, … Read more
Retail sales increased by 0.3% in May; base sales increase of 0.2% Weekly jobless claims unchanged at 262,000 Manufacturing output increases by 0.1% in May Import prices fell by 0.6%; down 5.9% year-on-year WASHINGTON, June 15 (Reuters) – U.S. retail sales rose unexpectedly in May as consumers stepped up purchases of motor vehicles and building … Read more
(1/2) People shop at a supermarket as inflation has hit consumer prices in Manhattan, New York, U.S., June 10, 2022. REUTERS/Andrew Kelly The producer price index fell by 0.3% in May PPI rises 1.1% year over year, smallest gain since 2020 PPI excluding food, energy, commercial services unchanged WASHINGTON, June 14 (Reuters) – U.S. producer … Read more
(1/2) The Federal Reserve Building is pictured in Washington, U.S. March 19, 2019. REUTERS/Leah Millis/File Photo WASHINGTON, June 14 (Reuters) – The Federal Reserve is expected to leave interest rates unchanged on Wednesday for the first time since the U.S. central bank launched a historically aggressive monetary tightening cycle in March 2022. But don’t call … Read more
