U.S. stocks open lower after CPI data show January inflation slightly hotter than anticipated
U.S. stocks opened lower Tuesday as investors parse data from the consumer-price-index showing inflation in January was slightly hotter than anticipated even as the year-over-year...
: Odds of additional Fed rate hikes in May, June rise after CPI report
Odds that the Federal Reserve will delivery additional 25 basis point interest-rate hikes in May and June have risen following the release of the January...
6-month T-bill rate surpasses 5% as Treasury yield curve goes more negative following January inflation data
The 6-month T-bill rate rose past 5% on Tuesday after the U.S. consumer price index report for January showed inflation to be sticky and slowing...
: Wabtec boosts dividend by 13%, share repurchase program to $750 million
Wabtec WAB, or Westinghouse Air Brake Technologies Corp., said Tuesday it raised its quarterly dividend by 13%, to 17 cents a share from 15 cents....
: Vanguard to liquidate 1 fund, merge 2 others
Investment management giant Vanguard said Tuesday that it will liquidate its Vanguard Alternative Strategies Fund VASFX, given that it “has not gained broad acceptance among...
Biden says CPI report shows U.S. has made progress on inflation and ‘on the right track’
President Joe Biden on Tuesday said a fresh report on the consumer price index reflected progress but there was still more work to do. "Today's...
Op-ed: U.S. inflation and jobs reports show fastest recovery in 30 years under Biden
The inflation and employment reports and the revisions that accompanied them reinforce this administration's economic strategy to rebound from the pandemic.
SEC ruling on BUSD “makes no sense”, says Truflation CEO
Stefan Rust, CEO of Truflation, says the SEC’s ruling about BUSD being a security has no sense legally. The former Bitcoin.com CEO believes there’s a...
Market Extra: Why January’s CPI report could deal a massive blow to the stock market
The stock market's rally to start 2023 could fizzle if Tuesday's highly-anticipated U.S. inflation report dashes hopes for a quicker retreat in the cost of...