Economists looked past the first acceleration in overall inflation in more than a year and saw signs that price pressures continued to moderate in July.
Category: Prices (Fares, Fees and Rates)
U.S. Adds 187,000 Jobs in July as Economy Cools
Employers added 187,000 workers in July, a slower pace than the recent norm, but “more sustainable,” one economist said.
How ESPN Went From Disney’s Financial Engine to Its Problem
The sports juggernaut continues to earn billions of dollars for Disney, but profits are down and opportunities for growth have dwindled.
Strong Economic Data Buoys Biden, but Many Voters Are Still Sour
Voters continue to rate the president poorly on economic issues, but there are signs the national mood is beginning to improve.
The Fed’s Preferred Inflation Measure Cooled in June
The Personal Consumption Expenditures index moderated, even as consumer spending data looked strong.
Fed Raises Interest Rates After a Pause and Leaves Door Open to More
Federal Reserve officials lifted borrowing costs by a quarter-point after pausing in June. Rates could rise more, but the central bank is not ready to commit.
Russia to Cut Oil Output in Response to Western Sanctions
Russia’s deputy prime minister said the country would reduce its oil production by about 5 percent, an announcement that sent the price of oil higher.
U.S. Hiring Surges With January Gain of 517,000 Jobs
The report defied expectations and underscored the challenges for the Federal Reserve, which is trying to cool the labor market to fight inflation.
U.S. employers added 517,000 jobs in January.
The hefty hiring figures defied expectations and underscored the challenges facing the Federal Reserve, which is trying to cool the labor market in its effort to tame rapid inflation.
How a Drug Company Made $114 Billion by Gaming the U.S. Patent System
AbbVie for years delayed competition for its blockbuster drug Humira, at the expense of patients and taxpayers. The monopoly is about to end.