Producer prices report points to softer Fed inflation measure than feared
In January, the producer price index rose 0.4%, higher than expected, indicating potential easing of inflation pressures. Excluding food and ...
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Retail sales slumped 0.9% in January, down much more than expected
Consumer spending sharply declined in January, signaling a potential economic slowdown, with retail sales dropping 0.9% after an upwardly revised ...
Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%
In January, inflation exceeded expectations, with the consumer price index rising 0.5% and the annual rate reaching 3%, higher than ...
Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further
Federal Reserve Chair Jerome Powell reiterated the central bank's commitment to lowering inflation and indicated a cautious approach to lowering ...
Consumer inflation fears spike in February as tariff worries hit sentiment
Consumers are increasingly concerned about near-term inflation due to President Trump's aggressive tariffs on major U.S. trading partners, with the ...
U.S. economy added just 143,000 jobs in January but unemployment rate fell to 4%
The Bureau of Labor Statistics reported that job creation in January fell short of expectations, with nonfarm payrolls increasing by ...
Match appoints Zillow co-founder Spencer Rascoff as CEO
Match Group announced that Zillow co-founder Spencer Rascoff will become its new CEO, replacing Bernard Kim. Rascoff, who has been ...
Palantir shares rocket 22% after company posts strong earnings and outlook
Alex Karp, CEO of Palantir Technologies Inc., spoke at the FoundryCon event in Palo Alto, California, on March 7, 2024. ...
Key Fed measure shows core inflation at 2.8%, in line with expectations
Inflation closed out 2024 strong, with the personal consumption expenditures price index increasing 2.6% year-over-year in December, meeting expectations and ...
OpenAI in talks to raise funding that would value AI startup at up to $340 billion
OpenAI is in talks to raise up to $40 billion in funding, with SoftBank leading the round with $15-25 billion, ...
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