Wall Street plunges as recession fears grow
All 11 S&P sectors lower Growth stocks tumble Defensive names resist selling pressure Dow down 2.42%, S&P 500 down 3.25%, Nasdaq down 4.08% NEW YORK, June 16 (Reuters) – US…
US retailers cut prices but services keep inflation hot
WASHINGTON, June 9 (Reuters) – Major US retailers like Target Corp (TGT.N) and Walmart Inc (WMT.N) have been cutting prices to clear overstocked warehouses, but hotel revenue is pouring in…
Asia shares edge up with US futures, oil gains
A man walks past a screen displaying a graph showing recent Nikkei share average movements outside a brokerage in Tokyo, Japan, December 30, 2020. REUTERS / Issei Kato / File…
Cooling US inflation builds case for September slowdown in Fed rate hikes
May 27 (Reuters) – Evidence US inflation is cooling will not budge Federal Reserve policymakers from half-point interest rate hikes planned for upcoming meetings in June and July, but may…
US economy kicks off second quarter on strong note; rise in inflation slowing
Consumer spending increases 0.9% in April Inflation adjusted consumer spending rises 0.7% Core PCE price index gains 0.3%; up 4.9% year-on-year Goods trade deficit narrows 15.9% to $ 105.9 bln…