Some Begin Preparations for Possible Shortages Ahead of U.S. Port Strike
Consumers are stocking up on essentials as dockworkers' labor dispute threatens to disrupt supply chains and raise prices nationwide.
U.S. Port Strike Set To Start Tuesday Threatens To Cause Nationwide Shortages and Worsen Inflation
Disruptions at major U.S. ports could delay shipments and raise prices on consumer goods, Biden Administration won't intervene.
Equity Markets Rally After Jumbo US Rate Cut
After a keenly awaited meeting, the US central bank decided to lower borrowing costs for the first time since the start of the pandemic by opting for a half-point reduction.
Most Asian Markets Up Ahead Of Fed But Tokyo Hit By Strong Yen
Bets on the Federal Reserve slashing borrowing costs by as much as half a percentage point have jumped in recent days, with observers suggesting officials want to front-load an expected series of reductions.
Argentina's Milei Presents Budget, Warns Zero Deficit Is A Must
Since taking office in December, the budget-slashing Milei has applied a drastic austerity program in a bid to rein in chronic inflation and decades of government overspending.
Latino voters in California say inflation is top concern but blame corporate greed more than politicians
32% blame inflation on corporations, edging Biden policies (30%) and Trump policies during pandemic (20%)
Asian Markets Battle To Match Wall Street Rally Ahead Of US Inflation
The Federal Reserve is widely seen cutting rates at next week's meeting but debate surrounds whether it will be 25 or 50 basis points, with some arguing that going for the bigger option could suggest decision-makers are worried.
Floridians are among those having the hardest time paying for everyday expenses, new poll shows
A 2022 report by United Way found that, of the 8.8 million households in Florida, four million were either in poverty or unable to afford basic living costs
Stock Markets Swing As Traders Prepare For US Jobs Data
As a rollercoaster week drew to a close, debate centred on the Federal Reserve's plans for interest rates when it meets in less than a fortnight, with most observers expecting a 25-basis-point cut.
Markets Plunge With Wall Street After Nvidia Rout, Weak US Data
The sight of investors running to the hills sparked memories of the brief but tumultuous sell-off at the start of August that was partly fuelled by a big miss on US jobs creation.
Markets Rally On US Data After Dow Hits Record On Wall St
With the much-hyped earnings report from bellwether chip titan Nvidia now in the rearview mirror, traders are once again able to concentrate on economic matters and the Federal Reserve's plans for interest rate cuts.
Asian Markets Mostly Up As Traders Await US Data, Nvidia Release
While a Federal Reserve interest rate cut next month is baked into prices, traders are also keenly awaiting next week's crucial non-farm payrolls figures, which are seen as key to determining how big the central bank goes.
Asian Markets Boosted By Fed Chief's Rate Cut Talk
Traders were also keeping an eye on developments in the Middle East after a flare-up in hostilities between Israel and Hezbollah that fanned fears of an escalation in the region.
Stocks Mostly Rise Ahead Of Powell, Yen After BoJ Rate Hint
The yen also advanced after the head of Japan's central bank told lawmakers that officials could hike interest rates again if the economy and inflation perform as expected, weeks after a surprise increase caused turmoil on markets.
Asia Tracks Wall St. Rally After US Jobs Data, Fed Minutes
Tokyo, Hong Kong, Sydney, Singapore, Seoul, Mumbai, Bangkok and Manila rose Thursday, though Shanghai, Wellington, Jakarta and Taipei slipped.
Asian Stocks Build On Gains Ahead Of US Inflation Data
Tokyo's Nikkei returned from a long weekend to lead the rally and top the levels touched before last Monday's rout -- its worst since 1987 -- helped by a weaker yen and a Bank of Japan pledge not to hike interest rates further.
Stocks Mostly Rise As Focus Turns To US Inflation Data
After a painful collapse fuelled by a big miss on US jobs creation, equities managed to bounce back over the following days and ended Friday on a healthy note.
Equity Markets Struggle As Nervous Traders Navigate Volatility
Tokyo, Sydney, Seoul, Wellington, Mumbai, Taipei and Jakarta were in the red, along with London, Paris and Frankfurt.
Asian Markets Extend Wall St Rally After US Data And Ahead Of Fed
The upbeat mood comes at the start of a busy week for traders, with the central banks of the United States and Japan making policy decisions, a key US jobs report due on Friday and megacaps releasing their earnings.
Markets Mixed After US Rally Ahead Of Inflation Report
Joe Biden's decision to drop out of the presidential election race and endorse Vice President Kamala Harris had little major impact on sentiment, analysts said, though there is much debate about who she chooses as her running mate.
ECB Leaves September Options 'Wide Open' After Rate Pause
The European Central Bank is keeping options "wide open" for September, president Christine Lagarde said, after holding interest rates steady Thursday in the wait for more evidence that inflation was on the right track.
Stocks Up On US Rate Hopes, Yen Holds Gains Amid Intervention Talk
A smaller-than-expected read on the June consumer price index ramped up bets on the Federal Reserve lowering borrowing costs in September, and possibly again before January.
Markets Extend Gains, Dollar Dips As US Data Fans Rate Cut Hopes
The advances tracked another record on Wall Street on a holiday-shortened day, while national elections in Britain and France are also on the radar over the next few days.
Asia Markets Track Wall St Records As Powell Revives Rate Hopes
After a run of above-forecast data and warnings from central bank officials suggesting monetary policy would remain elevated for some time, the remarks provided fresh optimism that a reduction -- and possibly two -- was on the way before the end of the year.
Yen Weakens Further To Put Focus On Tokyo, Asian Equities Rise
Asian equity markets advanced following a positive lead from Wall Street, though there is speculation of a possible pull-back on profit-taking and concerns the recent tech-fuelled rally may have run too far.
Immigrants help sustain job growth as inflation cools, economists say
Goldman Sachs told that to their clients in a note.
Dallas among top three cities hit hardest by inflation, study shows
The city saw price increases above the national average in May, according to a report by WalletHub
Argentine Monthly Inflation Lowest In 2.5 Years
Monthly inflation in economically troubled Argentina came in at 4.2 percent in May, the lowest in two-and-a-half years, mainly due to a drop in consumption, the INDEC statistics agency said Thursday.
Floridians' top concerns are inflation and insurance costs, and they favor Republicans to solve them
A poll by the Associated Industries of Florida showed these concerns topped others like unlawful immigration
Markets Mixed As US Jobs Data Tempered By Economy Worries
Job vacancies fell far more than expected in April, to below 8.1 million, which Briefing.com said was the lowest level since 2021.