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 21:57
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 20:56
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 20:52
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 20:26
Illumina Hit With €432 Million EU Fine for Hasty Grail Deal
Illumina Inc. was hit with a €432 million ($476 million) fine for acquiring cancer-test provider Grail Inc. before
2023-07-12 18:59
Hedge Funds’ US Treasury Bets Pose Stability Risk, Says BOE
A leveraged trade in US Treasury futures that has become popular among hedge funds poses a risk to
2023-07-12 17:27
Dollar Falls to Lowest in Three Months Before Inflation Data
A gauge of the dollar’s strength fell to a three-month low before a US inflation report that may
2023-07-12 16:58
Biden Preps for Victory Lap at NATO With Eye on Voters at Home
President Joe Biden will cast the NATO summit as a successful result of his global engagement, arguing in
2023-07-12 16:30
NATO Latest: Zelenskiy to ‘Fight‘ for More Security Guarantees
Ukrainian President Volodymyr Zelenskiy said he plans to “fight” for more security guarantees from allies as Group of
2023-07-12 15:49
UBS Names Markets Leadership Teams in Next Integration Step
UBS Group AG appointed Patrick Grob head of global wealth management unified global markets, one of dozens new
2023-07-12 13:50
Google Veteran Steps Down as Manager in Cloud Shakeup, CNBC Says
One of Google’s earliest and most senior employees will step back from an executive management role, in a
2023-07-12 13:22
Cathie Wood Sells Coinbase for the First Time in Nearly a Year
Cathie Wood’s Ark Investment Management LLC pared its holding of Coinbase Global Inc. for the first time in
2023-07-12 13:18