A Levi's store at the Orlando Vineland Premium Outlets in Florida.Jeff Greenberg | Universal Images Group | Getty ImagesIn a lyric on her latest album, Beyoncé sings "denim on denim, on denim, on denim."Levi Strauss shoppers are taking that advice to heart. Levi Strauss executives are ecstatic.Western wear is...
An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years.The core personal consumption expenditures price index increased just a seasonally adjusted 0.1% for the month and was up 2.6% from a year ago, the...
People purchase fluids in a store on a sweltering afternoon in Brooklyn on the first day of summer on June 21, 2024 in New York City. Spencer Platt | Getty ImagesThere could be some pretty good inflation news on the way from the Commerce Department when it releases a key...
GP: American flag and Chinese flagMatt Anderson Photography | Moment | Getty ImagesA recent survey of Chinese enterprises in the U.S. has found that a majority remain bullish on the market long term despite growing concerns about U.S.-China relations and the broader business environment. The annual survey conducted by the...
The housing market is unlikely to recover for several years and affordability won't get any better unless a recession hits, according to Bank of America economists. In a mostly pessimistic outlook on the sector, the bank sees a variety of factors lining up against both a major improvement in...
Michelle Bowman, governor of the US Federal Reserve, speaks during the Exchequer Club meeting in Washington, DC, US, on Wednesday, Feb. 21, 2024. Kent Nishimura | Bloomberg | Getty ImagesFederal Reserve Governor Michelle Bowman said Tuesday the time is not right yet to start lowering interest rates, adding she would...
Kristalina Georgieva, chief executive officer of the World Bank Group, arrives to a briefing at the annual meetings of the International Monetary Fund (IMF) and World Bank in Washington, DC, US, on Friday, April 19, 2024.Bloomberg | Bloomberg | Getty ImagesThe head of the International Monetary Fund on Thursday...
General view of the Bank Of England building in London. Sopa Images | Lightrocket | Getty ImagesLONDON — The Bank of England on Thursday opted to keep interest rates steady at its June meeting, confirming market expectations even after U.K. inflation hit its 2% target.It keeps the central bank's key...
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | ReutersThe Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at a time when sentiment over monetary...
Participants during the snowboarding activity with the Hoods to Woods Foundation at Big Snow American Dream in East Rutherford, New Jersey on June 13, 2024.Danielle DeVries | CNBCEAST RUTHERFORD, N.J. — For 16-year-old Zyshawn Gibson, snowboarding down the indoor ski park at Big Snow American Dream in East Rutherford,...