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Business

Wholesale prices rose 0.2% in October, less than expected, as inflation eases

Wholesale prices increased less than expected in October, adding to hopes that inflation is on the wane, the Bureau of Labor Statistics reported...
Business

Wharton’s Jeremy Siegel on Fed rate hike ahead of Jackson Hole

Wharton business school professor Jeremy Siegel said Friday that the U.S. Federal Reserve does not need to hike more than 100 basis points...
Business

Fed expected to stick with hawkish interest rate hikes, strategists say

The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the U.S....
Business

Bitcoin jumps above $23,000 after Federal Reserve interest rate hike

Bitcoin and cryptocurrency prices have been under pressure in 2022 with traders feeling the fallout from a number of major collapses in the...
Business

Boosting supply is the best way to stabilize price of oil, says OECD

The best way to stabilize oil prices is to boost supply, and alternatives to Russian oil are available to the world, said Mathias...
Business

Bank of America economist says his ‘worst fears around the Fed have been confirmed’

The Federal Reserve waited too long to start fighting inflation and now runs the risk of dragging the economy into a recession, according...
Business

In an unexpected move, China holds back on cutting key rate

The metropolis of Shanghai, where many foreign businesses are located, entered a two-part lockdown this week as municipal authorities sought to control an...
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