January delivered the kind of mix investors and policymakers have been looking for: inflation cooled even as the labor market kept adding jobs. The US consumer price index rose 0.2% …
Business
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Bitcoin’s latest bout of selling has a different feel. Instead of the usual crypto stress signals, panic from small investors, a wave of forced liquidations, or miners dumping coins to …
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US consumer price inflation eased more than expected in January, offering markets some relief, but signs of firm underlying price pressures, along with a strong jobs report has reinforced the …
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Business
Cardi B’s cameo in Bad Bunny’s Super Bowl halftime show leads to dispute on prediction markets
by adminby adminCHICAGO — Cardi B was part of Bad Bunny’s Super Bowl halftime show. What she did exactly, well, that turned into a perplexing question for two major prediction markets. At …
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India exits Mali lithium project citing security risks, Rosatom complications
by adminby adminIndia is reportedly withdrawing from a major lithium extraction project in Mali, a decision driven primarily by escalating security risks and political instability within the West African nation. The project …
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The number of Americans filing new claims for unemployment benefits declined less than expected last week, suggesting the US labor market remains resilient despite signs of cooling hiring momentum and …
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Business
Retail operator of outdoor sportswear pioneer Eddie Bauer files for bankruptcy
by adminby adminThe operator of roughly 180 Eddie Bauer stores across the U.S. and Canada has filed for Chapter 11 bankruptcy protection, blaming declining sales and a litany of other industry headwinds. …
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US stocks open in the green after strong jobs data: Nasdaq climbs around 1%
by adminby adminUS equities moved higher on Wednesday after a stronger-than-expected January jobs report eased concerns about slowing economic momentum and reinforced confidence in the resilience of the labour market. The Dow …
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Business
Mexico Central Bank official warns inflation forecast may be too optimistic
by adminby adminJonathan Heath, deputy governor of the Bank of Mexico, questioned the institution’s official outlook and warned that current estimates may be overly optimistic. Heath argued it is unlikely that inflation …
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Business
Landmark trial accusing social media companies of addicting children to their platforms begins
by adminby adminLOS ANGELES — The world’s biggest social media companies face several landmark trials this year that seek to hold them responsible for harms to children who use their platforms. Opening …