Cooling retail sales growth in June reflects a brief decline in gasoline prices amid a short-lived ceasefire between the US and Iran.
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Consumer prices jumped 3.5% in June. That’s higher than the Fed’s preferred 2% inflation rate, but lower than the 4.2% May rate.
Wealth managers are keeping an optimistic, but realistic, outlook for the second half of the year.
Lockheed Martin has won billions in defense contracts over the next six years, but faces White House pressure to speed up production.
The prominent geopolitical analyst and bestselling author said there’s a conflict that could become an “extinction level” financial event.
Labor-intensive services such as gardening, home healthcare and day care and preschool were all significant drivers of inflation.
Oil prices may eventually reach $200 a barrel unless a supply crisis sparked by the Iran War is resolved, experts warn.
Surging prices are prompting budget-conscious travelers to second-guess vacation plans while airlines dangle new perks for luxury customers.
In a note to clients on Tuesday Morgan Stanley analysts flagged Ford Energy as having the potential to be a $10 billion business.
Existing home sales inched up a lower-than-expected 0.2% in April, according to data released Monday by the National Association of Realtors.
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The boom was thanks in large part to the rapid price swings, which sparked huge demand from big buyers such as airlines and utilities players.
The Iran War reignited demand for the US dollar as a safe haven, but that may not stop the greenback’s longer-term decline.
It’s a devastating blow for an oil cartel that had been slowly fracturing for years amid the US shale oil boom.
Fuel typically accounts for a quarter of carriers’ expenses, but that proportion’s likely to dramatically spike this year.
The S&P 500 ticked down 0.24% on Monday, snapping a 14-day winning streak that pushed the market to a record close on Friday.