Prices barely moved in November but still held higher than the Federal Reserve’s target when looked at from a year ago, according to a Commerce Department measure released Friday. The personal consumption expenditures price index, the Fed’s preferred inflation gauge, showed an increase of just 0.1% from October. The measure indicated a 2.4% inflation rate…
A McDonald’s is seen in the Flatbush neighborhood in Brooklyn, New York City, on Oct. 23, 2024. Michael M. Santiago | Getty Images McDonald’s is preparing 2025 value offerings in a bid to hang onto customers who are fed up with high costs at restaurants. The company is working on a new “McValue” approach for…
China’s leader Xi Jinping met for the last time with U.S. President Joe Biden on Saturday but was already looking ahead to President-elect Donald Trump and his “America first” policies, saying Beijing “is ready to work with a new U.S. administration.” During their talks on the sidelines of the annual Asia-Pacific Economic Cooperation summit, Xi…
U.S. Treasury yields rose on Friday as investors digested Federal Reserve Chair Jerome Powell’s latest comments, and awaited further economic data. At 4:15 a.m. ET, the 10-year Treasury yield rose by more than two basis points to 4.4453%. The yield on the 2-year Treasury rose by more than three basis points to 4.3307%. One basis point equals 0.01%…
President-Elect Donald J. Trump won the White House based partly on his promises to rein in immigration, with targeted policies that range from sending criminals to their home countries to more sweeping ones like mass deportations. During the campaign, Trump pledged to end the Temporary Protected Status that allows workers from select countries to come to…
A trader works as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange on June 12, 2024. Brendan McDermid | Reuters RIYADH, Saudi Arabia — Major Wall Street CEOs see ongoing inflation pressures in the U.S. economy and aren’t convinced that the Federal Reserve will continue its rate-easing…
A tourist takes a photo as the Acropolis’ Propylaea are seen in the background, in Athens, Greece, on June 28, 2024. Elias Marcou | Reuters Flights between the U.S. and Europe have not been this cheap in three years, when many countries were just lifting Covid-19 era rules. Fares are low even for the traditionally…
Check out the companies making headlines in after-hours trading: Chipotle Mexican Grill — The burrito chain reported mixed quarterly results and shares dipped 3%. Chipotle reported adjusted earnings of 27 cents per share, exceeding expectations of 25 cents a share from analysts polled by LSEG. Revenue came out at $2.79 billion for the period, just…
The yield on the 10-year U.S. Treasury continued its ascent on Monday after hitting a three-month high last week. The 10-year Treasury yield rose nearly 6 basis points to 4.286%, while the 2-year Treasury also added around 6 basis points to 4.153%. Yields move inversely to prices. One basis point equals 0.01%. The yield on…
UK Finance Minister Rachel Reeves makes a speech during the Labour Party Conference that is held at the ACC Liverpool Convention Center in Liverpool, UK on September 23, 2024. Anadolu | Getty Images LONDON — U.K. Finance Minister Rachel Reeves will deliver the government’s hotly awaited debut budget on Wednesday, putting to bed weeks of…
