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
Music streams top 1 trillion at the fastest pace yet, reflecting more global industry, report finds
Is non-English language music the future of the music business
2023-07-12 21:46
US annual consumer inflation cools to lowest since early 2021
Annual consumer inflation in the United States cooled in June to its lowest rate since early 2021, the Labor Department said Wednesday -- an encouraging sign for...
2023-07-12 21:26
European assets jump after U.S. inflation slows
MILAN European shares, currencies and bonds rallied on Wednesday after U.S. inflation slowed in June, feeding bets the
2023-07-12 21:22
European Gas Falls to Lowest in a Month as Troll Set to Resume
European natural gas fell to the lowest level in a month on expectations that seasonal maintenance will ease
2023-07-12 21:19
AI promises to make us more productive. That could help curb inflation
When an airline in the Middle East was recently inundated with 16,000 applications for several cabin crew roles, it turned to artificial intelligence to sift through the resumes and select the most promising candidates.
2023-07-12 21:16
European Shares Jump as US Inflation Cools; Chip Stocks Rally
European stocks advanced as US inflation cooled more than expected, reducing the possibility of further rate hikes by
2023-07-12 20:57
Brent Crude Rises Above $80 a Barrel for First Time Since May
Brent crude futures rose above $80 a barrel for the first time since early May amid signs of
2023-07-12 20:52
Domino's Pizza inks a delivery deal with Uber Eats
Domino's Pizza has long been a holdout of using third-party delivery apps in the United States. But now, the pizza chain has struck a deal with one of the world's largest food delivery services.
2023-07-12 20:50
Indonesia seizes Iranian tanker for suspected illegal oil transfer in its territorial waters
Indonesian authorities say they have seized an Iranian tanker and arrested its crew members for illegally transferring oil to another vessel in the country’s exclusive economic zone
2023-07-12 20:28
Fine wine is souring as investment prices sink
Fine wine prices have been rising consistently for years, attracting investors looking to hedge against inflation, economic turmoil and stocks. Recently, the barrier to entry in the wine-as-an-investment market has fallen drastically, with a number of easy-access online brokerages and advisories popping up.
2023-07-12 20:27
Microsoft, Activision Deal May Need New UK Probe
Britain’s antitrust watchdog said that a new merger investigation into Microsoft Corp.’s $69 billion Activision Blizzard Inc. deal
2023-07-12 20:27