China’s inflation data surprised to the upside in April, with both consumer and producer prices accelerating more than expected. CPI rose from 1.0% yoy to 1.2% yoy, beating forecasts of 0.9% yoy, while PPI surged from 0.5% yoy to 2.8% yoy, far above expectations of 1.7% yoy. The producer price reading marked a 45-month high […]
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The market spent the last week behaving as though a US-Iran deal was only a matter of time. That assumption just took a major hit. Instead of accepting Washington’s 14-point peace framework, Tehran pushed back Read more…
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Retirement plan coverage in the United States has lagged for years, despite repeated federal efforts to expand it. Small business owners and self-employed Americans remain among the least covered, with many operating without any 401(k) Read more…