US inflation below 5% for first time in two years
Prices rose 4.9% over the 12 months to April, the latest figures show.
1970-01-01 08:00
Icahn Enterprises reports loss as market volatility hurts investment returns
Carl Icahn's investment firm Icahn Enterprises LP on Wednesday reported a quarterly loss as volatility in markets hit
1970-01-01 08:00
Wall Street is strangely calm about the debt ceiling. That could all change this month
Dire warnings about the economic chaos and catastrophe that will ensue if the US debt ceiling isn't lifted soon abound. Still, markets remain rather sanguine about the Washington drama.
1970-01-01 08:00
New York Times misses revenue estimates as ad spending slows
(Reuters) -The New York Times Co missed quarterly revenue estimates on Wednesday as recession-wary businesses slashed spending on digital ads
1970-01-01 08:00
Trulieve Cannabis posts lower first-quarter revenue
Trulieve Cannabis Corp reported a 9% fall in first-quarter revenue on Wednesday, hurt by subdued demand for pot
1970-01-01 08:00
US airline passengers are getting increasingly frustrated. Here's why
North American travelers are unhappy with high ticket prices, staffing shortages and reduced routes, according to consumer research company J.D. Power's 2023 North American Airline Satisfaction Study.
1970-01-01 08:00
U.S. prosecutors look at short selling in bank shares - source
By Chris Prentice NEW YORK Federal prosecutors in Washington are looking into short seller activity around the recent
1970-01-01 08:00
US credit crunch didn't start with SVB collapse, and may not end there
By Howard Schneider WASHINGTON It wasn't the March 10 collapse of Silicon Valley Bank that prompted Carissa Rodeheaver,
1970-01-01 08:00
US debt ceiling standoff talks look at COVID clawbacks, energy permits
By Richard Cowan and Katharine Jackson WASHINGTON Talks on raising the U.S. federal government's $31.4 trillion debt ceiling
1970-01-01 08:00
Egypt Cuts Subsidized Food Allocations to Battle Economic Crisis
Egypt is reducing the amount millions of people can claim under a subsidized food program, part of an
1970-01-01 08:00
Dollar braces for inflation, rattled by debt ceiling impasse
By Amanda Cooper LONDON The dollar seesawed on Wednesday after U.S. President Joe Biden and top lawmakers made
1970-01-01 08:00
China and US debt woes may dominate G7 finance chiefs' talks
By Leika Kihara and Tetsushi Kajimoto TOKYO China will be the elephant in the room at this week's
1970-01-01 08:00