US CPI accelerated again from 8.3% yoy to 8.6% yoy in May, well above expectation of 8.2% yoy. That’s the highest level since December 1981. CPI core slowed from 6.2% yoy to 6.0% yoy, above Read more…
Record high gas prices and surging energy costs lifted U.S. inflation back to the highest levels in four decades last month, Commerce Department data indicated Friday. Updated at 8:46 am EST U.S. inflation accelerated again Read more…
The online used car retailer has hit several potholes as it tries to get on the road to profitability. The way Ernie Garcia III sees it, the problem is not existential. Garcia, founder and CEO Read more…
Illustration by Alex Castro / The Verge Mozilla will let extensions use the most privacy-preserving blocking techniques on network traffic Continue reading…
Another interesting week in markets with the ECB making a major shift in policy direction. US CPI up in a few hours. Read below. Dollar Index (DXY): The greenback has been performing well this week Read more…
The Euro is trading within a narrow consolidation in European session on Friday, but keeps negative tone, following 0.92% post-ECB drop on Thursday. The single currency lost ground as traders were disappointed by a lack Read more…
The Canadian dollar has extended its losses today. USD/CAD is trading at 1.2743, up 0.35% on the day. Thursday saw the US dollar gives its Canadian cousin a spanking, as USD/CAD jumped 1.13%, its highest Read more…
The British pound remains under pressure. GBP/USD is in negative territory today, following back-to-back losing sessions. In the European session, GBP/USD is trading at 1.2439, down 0.45% on the day. Will US inflation drop? The Read more…
Stocks are edging lower ahead of a crucial reading for May CPI that could challenge the market’s theory on ‘peak inflation’ in the world’s biggest economy. U.S. equity futures edged lower Friday, following on from Read more…
“We are not immune to the macro challenges with our customers and peer space,” said CFO Cynthia Gaylor. DocuSign (DOCU) – Get DocuSign Inc. Report shares crumbled Friday after the after the online signature vending group Read more…