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US inflation rises moderately, consumer spending cools
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U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.
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Wall Street mixed as investors weigh GDP data after tech mauling
Data showed the U.S. economy expanded 2.8% in the second quarter versus estimates of 2%, but inflation subsided, leaving intact expectations of a Sept...
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Lyft officials settle lawsuit over sexual assaults by drivers
Lyft will implement several safety and governance reforms to settle a shareholder lawsuit regarding drivers sexually and physically assaulting passeng...
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Record house prices depress US home sales in June
U.S. existing home sales fell more than expected in June as the median house price set another record high.
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McDonald’s extends $5 meal deal at most US outlets into August
McDonald's $5 value meal offer will be extended to August at most U.S. locations after about 93% of its restaurants voted in favor of the plan.
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Wall Street extends rout, CrowdStrike slumps on global tech outage
Wall Street's main indexes fell on Friday, while investors assessed the impact of a global cyber outage that knocked down CrowdStrike's shares to an o...
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Ford pivots from EV plans to heavy-duty trucks at Canada facility
Ford outlined plans to use a Canadian plant earmarked for future electric vehicles to instead build larger, gas-powered versions of its F-Series picku...
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Fed getting ‘closer’ to rate cuts, top officials say
Fed Governor Christopher Waller and New York Fed President John Williams both voiced that description of the shortening horizon toward looser monetary...
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US retail sales report showcases consumer, economic resilience
U.S. retail sales were unchanged in June as a drop in receipts at auto dealerships was offset by broad strength elsewhere.
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Amazon Prime Day sales to hit record $14 billion, data firm says
July 15, 2024 – 5:06 AM PDT (Reuters) – Shoppers are likely to spend roughly $14 billion during Amazon’s Prime Day two-day…
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Monthly US consumer prices post first drop in four years as inflation subsides
U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents.
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S&P 500, Nasdaq scale record highs as Nvidia leads megacap charge
The Nasdaq and the S&P 500 hit record highs on Wednesday as strength in Nvidia and other mega stocks supported Wall Street's winning streak.
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Exclusive: Fed may tweak rule that could save biggest US banks billions
At issue is how the central bank calculates an extra layer of capital it imposes on U.S. global systemically important banks, known as the "GSIB surch...
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S&P 500, Nasdaq notch record highs with inflation data, earnings in focus
The Nasdaq and the S&P 500 hit record highs on Monday, while the Dow scaled a more than one-month high as investors awaited a key inflation report...
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US job growth slows moderately; unemployment rate rises to 4.1%
The Labor Department's employment report also showed the economy created 111,000 fewer jobs in April and June than previously estimated.
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US weekly jobless claims rise as labor market gradually slows
Ebbing labor market momentum, together with abating inflation pressures, keep the Federal Reserve on track to start cutting interest rates this year.
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Boeing-Spirit: Spirit Aero chief in spotlight as Boeing searches for new CEO
Boeing's long-awaited announcement that it will buy back its struggling supplier, Spirit AeroSystems, now shifts the focus of investors to the search ...
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US to criminally charge Boeing, seek guilty plea, sources say
The Justice Department will criminally charge Boeing with fraud over two fatal crashes and ask the planemaker to plead guilty or face a trial
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US inflation ebbs in May as goods prices fall
U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months....
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NTSB sanctions Boeing over release of 737 MAX investigation details
The National Transportation Safety Board said it was sanctioning Boeing for disclosing non-public details of an ongoing investigation into a 737 MAX m...
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US new home sales slump to six-month low in May
Sales of new U.S. single-family homes dropped to a six-month low in May as a jump in mortgage rates weighed on demand.
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US consumer confidence retreats slightly; house prices remain elevated
The mixed survey also showed consumers' perceived likelihood of a recession over the next 12 months retreated this month.
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