Italy may have dodged a 'pasta strike' but food inflation is still high. Here's why
Italians were supposed to be on a "pasta strike" this week but it was called off after prices for the national staple started to fall. Zoom out, though, and global food prices are still far higher than a year ago, despite precipitous drops in the cost of key raw materials.
2023-06-29 22:51
Brainard Sees Potential for Near-2% US Inflation by November 2024
President Joe Biden’s chief economic adviser said that inflation numbers should improve through the second half of the
2023-06-29 22:50
Billionaire Gilinski Bids $836 Million for Colombia’s Exito
Jaime Gilinski made an unsolicited $836 million cash offer for Colombian retailer Almacenes Exito just a month after
2023-06-29 22:49
Overstock.com is changing its name. It's one you may recognize
Overstock.com, one of the biggest names in e-commerce, is ditching its name for something just as recognizable: Bed Bath & Beyond.
2023-06-29 22:27
US Pending-Home Sales Drop to Lowest This Year on Limited Supply
US pending home sales in May fell to the lowest level this year as high mortgage rates and
2023-06-29 22:24
What could break as interest rates rise?
LONDON Markets are on the alert to which sectors will buckle under the sharpest jump in interest rates
2023-06-29 22:18
Fed's Bostic would back rate hike if inflation moves from target
By Padraic Halpin DUBLIN (Reuters) -The Federal Reserve will have to increase rates if prices growth moves away from target
2023-06-29 21:55
Canopy Growth closes sale of California facility amid liquidity worries
(Reuters) -Pot producer Canopy Growth said on Thursday it has completed the sale of its facility in Modesto, California as
2023-06-29 21:54
US economic growth expanded much faster in the first quarter than previously estimated
The US economy expanded at a much faster pace in the first three months of the year than previously estimated, the Commerce Department reported on Thursday.
2023-06-29 20:59
Futures edge higher as banks rise after stress test results
By Sruthi Shankar and Johann M Cherian U.S. stock index futures edged higher on Thursday, as bank stocks
2023-06-29 20:27
Man Utd takeover: The reason for delays in club sale process
Manchester United's sale process is being held up by disagreements over which bid to proceed with between the six Glazer siblings.
2023-06-29 20:25
The Fed is secretly stress testing the US economy against nightmare scenarios
Federal Reserve Chair Jerome Powell seemed uncharacteristically relaxed yesterday at the European Central Bank conference in Portugal. The Fed head shed his reading glasses and wore his shirt collar open with no tie as he cracked jokes alongside a panel of his central banking contemporaries.
2023-06-29 19:59