Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, March 7, 2024. Bloomberg | Bloomberg | Getty ImagesThe European Central Bank on Thursday held interest rates steady for a fifth straight meeting, as anticipation builds for rate cuts in...
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 09, 2024 in New York City.Michael M. Santiago | Getty ImagesAs recently as January, investors had high hopes that the Federal Reserve was about to embark on a rate-cutting campaign that would reverse...
Container ships from international trunk lines, including those from Europe, Africa, India, Pakistan, and Southeast Asia, are loading and unloading containers at the container terminal of the Qianwan Port Area of Qingdao Port in Qingdao, China, on April 4, 2024. Nurphoto | Getty ImagesThe World Trade Organization on Wednesday said...
A shopper takes a carton of eggs from the cooler in a grocery store in Washington, D.C., on Saturday, April 6, 2024. Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe consumer price index accelerated at a faster than expected pace in March, pushing inflation higher and likely keeping the...
Gas prices are displayed at a gas station on March 12, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesA closely-watched Labor Department report due Wednesday is expected to show not much progress made in the battle to bring down inflation.If so, that would be bad news for consumers, market...
A man checks the label of a vitamins jar at a Costco Wholesale store on April 3, 2024 in Colchester, Vermont. Robert Nickelsberg | Getty ImagesSmall business confidence hit its lowest level in more than 11 years for March as proprietors worried that inflation is still very much a problem.At...
The sun rises behind the Empire State Building on the day of the solar eclipse in New York City on April 8, 2024, as seen from Jersey City, New Jersey. Gary Hershorn | Corbis News | Getty ImagesToday marks a total solar eclipse that is expected to cross the United...
March's robust job gains may push the Federal Reserve into a more cautious stance regarding potential rate cuts, with conflicting signs emerging about the labor market's strength. After the Labor Department's nonfarm payrolls report Friday showed a robust gain of 303,000, futures market pricing indicated barely more than 50%...
We're Hiring, Part-time heroes wanted, sign at entrance to Target Store, Queens, New York.Lindsey Nicholson | Universal Images Group | Getty ImagesThe unemployment rate among Black Americans jumped in March, according to data released Friday by the Department of Labor.Black unemployment rose to 6.4% last month, up from 5.6%...
A McDonald's crew member prepares french fries in Miami, Florida.Getty ImagesIt's a timeless question at fast-food counters: Do you want fries with that?Responders continue answering affirmatively at a higher-than-average rate, a top potato supplier indicated. It underscores the resilience of consumer spending, even as inflation pinches pocketbooks and pandemic...