The S&P 500 fell 2 percent, putting the index on track for a second consecutive weekly decline, and the yield on the 10-year Treasury note, a benchmark for borrowing costs, rose slightly. Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share. This article is part of […]

In some corners of the market, investors just don’t see how the Federal Reserve can lower inflation without risking high unemployment. Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share. This article is part of our Daily Business Briefing By Joe Rennison At the Federal Reserve’s […]

BEIJING (Reuters) -China’s consumer prices rose at a slower-than-expected pace in August amid heatwaves and COVID-19 flare-ups, while producer inflation eased to the lowest since February 2021, official data showed.FILE PHOTO: People walk along Nanjing Pedestrian Road, a main shopping area, in Shanghai, China May 5, 2021. REUTERS/Aly Song/File PhotoThe consumer price index (CPI) increased 2.5% year-on-year from a 2.7% […]

Jeff Pigati, a research geologist working at the U.S. Geological Survey in Lakewood, ran seeds from a site where human footprints were found alongside tracks of mammoths and saber tooth tigers at White Sands National Park in New Mexico through lab equipment to collect pure carbon samples. He expected the results would carbon date back at most 13,000 years when […]

In a TikTok video posted July 27, Matt Sowash wears a “My Life Was a Fiasco Without Jesus” T-shirt, stands beside a half-built tiny home and makes his sales pitch. “If you’re looking for a 24-footer in the next couple of weeks, I’ve got it!” he tells his 77,000 followers. Six days later, another video from the same account: “We’ve got […]

Colorado’s initial funding of $25 million in federal money to clean up orphaned oil and gas sites will bulk up a new state fund intended to cover the costs associated with hundreds of wells across the state. The $25 million is part of the federal infrastructure bill and is targeting high-priority oil and gas wells on state and private land […]

SHANGHAI (Reuters) – China is widely expected to lower its benchmark lending rates on Monday, a Reuters survey showed, with a vast majority of participants predicting a deeper cut to the mortgage reference to lift the ailing property sector and the overall economy.FILE PHOTO: People wearing protective masks visit a main shopping area, following new cases of the coronavirus disease […]

(Reuters) -U.S. producer prices unexpectedly fell in July amid a drop in the cost for energy products and underlying producer inflation appears to be on a downward trend, while jobless claims rose for a second straight week in a labor market that remains tight.FILE PHOTO: A sign outside a McDonalds restaurant reads “Now Hiring” in Augusta, Georgia, U.S., April 11, […]

FILE PHOTO: A shopping cart is seen in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022. REUTERS/Andrew Kelly(Reuters) – U.S. wholesale inventories increased less than initially thought in June as businesses slowed the replenishment of their stocks as they continue to draw down on excess inventories amid softening consumer spending. The Commerce […]