December PCE Report: PCE Inflation Index Up 2.6%, In Line With Expectations
The PCE Price Index year over year rose 2.6% in December, in line with forecasts and following an increase of 2.4% in ...
11 Charts Examining the Racial Wealth Gap
What data tells us about the disparities along racial lines for income, savings, and overall financial well-being.
Wages and benefits for American workers see smallest gains in three years
The numbers: Wages and benefits for American workers continued to decelerate in the fourth quarter, the Labor Department said Friday. The employment cost index rose at a 3.8% clip in the 12 months ...
Chevron logs its first refining loss in four years, sending stock lower
Chevron Corp.'s stock fell 3.9% Friday, after the oil company's downstream-refining business delivered its first loss in four years, hurt by lower margins on oil sales. The company also missed profit ...
Tariff shock ahead? This is the trade to make before the weekend headlines hit.
The NYMEX front-month gold contract (GC00) late Thursday rose above $2,850 an ounce for the first time as Goldman Sachs reiterated its $3,000 price target, saying the yellow metal was a hedge against ...
Fed's Bowman Skeptical That Central Bank Still Very Restrictive
Federal Reserve governor Michelle Bowman said Friday that she would prefer only gradual future easing of the central bank's interest-rate policy.
Inflation finishes 2024 well above Fed's 2% target, PCE shows. Rate cuts on hold.
Fed Chair Jerome Powell said earlier this week he expects inflation to turn lower again, but he did not say when he expected it to happen. The most recent Fed forecast shows PCE inflation ending 2025 ...
Fed's Bowman sees 'upside risks' to inflation, backs cautious and gradual policy approach
Progress on inflation was "noticeably" slower last year than in 2023, and upside risks to higher price pressures remain, and therefore the U.S. central bank should adopt a cautious and gradual ...
We Expect A.O. Smith to Deliver a Strong Profit Margin in 2025 Despite Little Top-Line Growth
A.O. Smith has a conservative capital structure with more cash on hand than outstanding debt. At the end of the fourth quarter of 2024, the firm had $193 million in total debt and $276 million in cash ...
News Highlights: Top Global Markets News of the Day - Friday at 9 AM ET
The central bank is on hold with interest rates until the inflation picture improves. Consumer prices were 2.3% higher in January than the first month of 2024, down from a 2.6% rise in December. As ...
Here's how much money NFL stars Patrick Mahomes, Saquon Barkley and Jalen Hurts can make in Super Bowl bonuses
Barkley had such a dominant season that only the Buffalo Bills' Josh Allen and the Baltimore Ravens' Lamar Jackson - both star quarterbacks - have better odds than Barkley of winning the NFL MVP award ...
German Inflation Unexpectedly Falls, Reassuring ECB After Rate Cut — 2nd Update
Its President Christine Lagarde said the eurozone's economy is set to remain weak in the near term, suggesting that interest rates would continue to fall until a point at which they are no longer ...