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White House cheers ‘Bidenomics’ as inflation rises by only 0.2%
White House cheers ‘Bidenomics’ as inflation rises by only 0.2%
The Bureau of Labor Statistics reported that inflation ticked up by only 0.2 per cent in June and had its lowest 12-month increase in more than two years in a welcome turn of events for President Joe Biden. The Consumer Price Index for All Urban Consumers showed that inflation rose 0.2 per cent last month after it had only ticked up 0.1 per cent in May, in a sign that inflation is easing up. Meanwhile, the all-items index rose 3.0 per cent for the past twelve months ending in June, its lowest 12-month increase since March of 2021.
2023-07-12 21:46
Trafigura Cuts Mexico Oil-Trader Jobs as Policies Crimp Margins
Trafigura Cuts Mexico Oil-Trader Jobs as Policies Crimp Margins
Trafigura Group is cutting oil-trader positions in Mexico as the government’s nationalist policies squeeze its profit margins. Five
2023-06-27 02:00
Kazakh Central Banker Replaced by Top Presidential Official
Kazakh Central Banker Replaced by Top Presidential Official
Kazakh President Kassym-Jomart Tokayev dismissed Galymzhan Pirmatov as central bank governor and named Timur Suleimenov to replace the
2023-09-04 20:49
Mexico's inflation slows for 7th fortnight in a row, rates still seen on hold
Mexico's inflation slows for 7th fortnight in a row, rates still seen on hold
Mexico's headline inflation slowed in early August for the seventh consecutive fortnight, official data showed on Thursday, meeting
2023-08-24 20:50
California bank regulator finds own faults in bank's demise
California bank regulator finds own faults in bank's demise
California’s bank regulator was too slow to see the growing risks at Silicon Valley Bank and did not act forcefully enough to get the bank to fix its problems
2023-05-09 06:49
As UK housing costs soar, anxiety grips homeowners and renters: 'I'm in meltdown'
As UK housing costs soar, anxiety grips homeowners and renters: 'I'm in meltdown'
For millions in the U.K., the cost-of-living crisis just never seems to ease
2023-07-18 14:20
AP wins public service, photo Pulitzers for Ukraine coverage
AP wins public service, photo Pulitzers for Ukraine coverage
The Associated Press has won two Pulitzer Prizes in journalism for its coverage of the Russian invasion in Ukraine, in the categories of public service and breaking news photography
2023-05-09 05:22
Long-Bond Yield’s Biggest Jump Since 2009 Has Ackman Eying 5%
Long-Bond Yield’s Biggest Jump Since 2009 Has Ackman Eying 5%
Yields on 30-year Treasuries are on track for their largest quarterly jump since 2009, stoking anxiety that the
2023-09-29 09:54
SAP Gains Most in Eleven Months After Cloud Backlog Surges
SAP Gains Most in Eleven Months After Cloud Backlog Surges
SAP SE gained the most in eleven months after Europe’s biggest software company said the current backlog for
2023-10-19 22:59
NYC’s Migrant Crisis Reaches Breaking Point in Midtown Manhattan
NYC’s Migrant Crisis Reaches Breaking Point in Midtown Manhattan
The migrant crisis is spilling out onto the streets of New York, with hundreds of people sleeping and
2023-08-02 02:49
Is the worst over for Sri Lanka's economic crisis?
Is the worst over for Sri Lanka's economic crisis?
A year after the start of the crisis, life looks normal in Colombo but is the country out of the woods?
2023-07-18 07:46
French short-haul flight ban comes into force
French short-haul flight ban comes into force
France has banned domestic flights for journeys possible in less than two-and-a-half hours by train, under a...
2023-05-23 16:22