A surge in prices in May delivered a blow to President Biden and underscored the immense challenge facing the Federal Reserve as inflation, which many economists had expected to show signs of cooling, instead reaccelerated to climb at its fastest pace since late 1981. Consumer prices rose 8.6 percent from a year ago and 1 …
Inflation Sped Up Again in May, Dashing Hopes for Relief Read More »
On Friday, the yield on the two-year Treasury note jumped to 3.05 percent, up about a quarter of a point, while the yield on 10-year notes rose to 3.15 percent, up a tenth of a point. Ultimately for investors, the concern is how high prices and rising borrowing costs will affect consumer spending and corporate …
Stock Markets Recoil as Investors React to Inflation Increase Read More »
More than 19 million people watched the first prime-time hearing of the House Select Committee’s investigation into the Jan. 6 attack on Thursday night, according to preliminary ratings figures from Nielsen. That number will grow in the coming hours, as more networks are tallied and out-of-home viewing is factored in. Nielsen is expected to have …
More Than 19 Million Watched Jan. 6 Hearing, Early Tally Shows Read More »
Friday’s inflation report delivered an unwanted surprise for the White House, Federal Reserve and investors. While many economists and some administration officials had expected prices to show some signs of cooling, they got the opposite: a re-acceleration in price growth that makes it more likely the Fed is going to have to slam the brakes …
An ‘Ugly’ Inflation Report Upended Hopes That Price Gains Would Ease Read More »
WASHINGTON — The Treasury Department said on Friday that it was concerned that some of America’s trading partners were taking actions to weaken their currencies and gain unfair trade advantages against the United States — but declined to label any country a currency manipulator. In its semiannual foreign exchange report, the department singled out Switzerland, …
WASHINGTON — The Treasury Department said on Friday that it was concerned that some of America’s trading partners were taking actions to weaken their currencies and gain unfair trade advantages against the United States — but declined to label any country a currency manipulator. In its semiannual foreign exchange report, the department singled out Switzerland, …
Ford Motor Co. is upping its investment in electric vehicle training and demo models for dealerships and dropped an idea to give EV buyers a seven-day return option after executives solicited extensive feedback from retailers. The automaker is largely sticking with its plans to have dealerships sell EVs using a new set of standards that …
Ford EV standards adjusted, dealer training upped after feedback Read More »
Ford Motor Co. is upping its investment in electric vehicle training and demo models for dealerships and dropped an idea to give EV buyers a seven-day return option after executives solicited extensive feedback from retailers. The automaker is largely sticking with its plans to have dealerships sell EVs using a new set of standards that …
Ford adjusts EV standards, ups training with dealer feedback Read More »
Friday’s inflation report delivered an unwanted surprise for the White House, Federal Reserve and investors. While many economists and some administration officials had expected prices to show some signs of cooling, they got the opposite: A re-acceleration in price growth that makes it more likely the Fed is going to have to slam the brakes …
An ‘Ugly’ Inflation Report Upended Hopes That Price Gains Would Ease Read More »
The cost of renting an apartment or home is climbing quickly, keeping inflation high and making life tougher for households on a tight budget. The price of renting a primary residence climbed by 5.2 percent in the year through May, with the cost rising 0.6 percent compared with the prior month, matching its quick pace …
