Breaking News: Economy

Turkey’s inflation accelerates to nearly 70% in April

Business
Jessica Roberts

A Turkish national flag, left, and a flag bearing the portrait of Kemal Ataturk, founder of the modern Turkish republic, hang from ...

Stocks making the biggest moves midday: SMCI, SBUX, PFE

Business
Jessica Roberts

Check out the companies making headlines in midday trading. New York Community Bank — Shares of the beaten-down regional bank popped more ...

ADP jobs report April 2024: 192,000 jobs added

Business
Jessica Roberts

A job seeker attends a Veteran Employment and Resource Fair in Long Beach, California, US, on Tuesday, Jan. 9, 2024. The Department ...

Key Fed inflation measure rose 2.8%

Business
Jessica Roberts

Including food and energy, the all-items PCE price gauge increased 2.7%, compared to the 2.6% estimate. On a monthly basis, both measures ...

Will the Fed cut rates this year?

Business
Jessica Roberts

It comes as a growing number of market participants have raised the possibility of no rate cuts at all this year, including ...

Fed Governor Bowman says additional rate hike could be needed if inflation stays high

Business
Jessica Roberts

“While it is not my baseline outlook, I continue to see the risk that at a future meeting we may need to ...

Gold prices have hit record highs. Here’s why they could rally further

Business
Jessica Roberts

People browsing gold jewelry in Istanbul. Burak Kara | Getty Images News | Getty Images Higher rates tend to reduce the appeal ...

Time running out for rate cuts, Jim Bianco warns before Fed meeting

Business
Jessica Roberts

“I’m in the camp that the Fed does not change policy in the summer of an election year,” the Bianco Research president ...

CPI inflation report February 2024:

Business
Jessica Roberts

Inflation rose again in February, keeping the Federal Reserve on course to wait at least until the summer before starting to lower ...

Valentine’s Day chocolate prices higher as cocoa shortfall spikes

Business
Jessica Roberts

Chocolates packaged for Valentine’s Day sit on a table on February 2, 2024 in Chicago, Illinois.  Scott Olson | Getty Images News ...