Prices in US Outstrip Forecasts in Sign of Inflation Persisting

Prices-in-US-Outstrip-Forecasts-in-Sign-of-Inflation-Persisting

US consumer prices rose by more than forecast in April, indicating inflation will persist at elevated levels for longer and keeping the Federal Reserve on the path of aggressive interest-rate hikes. The core consumer price index, which excludes food and energy, increased 0.6% from a month earlier and 6.2% from April 2021, according to Labor […]

Joe Biden Praises ‘Jobs Machine’ After Employment Roars Upward

Biden Praises ‘Jobs Machine’ After Employment Roars Upward by First American News

First American News LLC: Raleigh, NC: President Joe Biden said America is “back to work” and putting the Covid-19 pandemic behind it, after the labor market showed unexpected strength last month even as cases of the virus surged. “America’s job machine is going stronger than ever,” Biden said at the White House on Friday. He […]

U.S. Sanctions Aimed at Russia Could Take a Wide Toll

U.S. Sanctions Aimed at Russia Could Take a Wide Toll

First American News LLC, Raleigh, NC: The boldest measures that President Biden is threatening to deter an invasion of Ukraine could roil the entire Russian economy — but also those of other nations. The most punishing sanctions that U.S. officials have threatened to impose on Russia could cause severe inflation, a stock market crash and […]

Dow Jones Fall More Than 600 Points as Market Selloff Continues

dow fall more than 600 points by bloomberg subscription

First American News LLC, Raleigh, NC: Fear clouded the markets this Friday as weekslong slide continues amid nervousness over Fed and Ukraine; flight to safety punishes tech stocks and cryptocurrencies The Dow industrials fell more than 600 points on Monday as the 2022 swoon for major U.S. stock indexes accelerated. WSJ Student Subscription Here Popular […]