U.S. wholesale prices increased sharply again in April and signaled that more inflation is bubbling up in the U.S. economy, just a day after another government report showed the cost of living rose at the fastest pace in 13 years. The producer price index jumped 0.6% last month.
Gold prices retreat on Thursday, heading for a third straight slide as the precious metal extended a fall from the highest levels since around February on the back of jitters centered on rising inflation.
Oil futures fall Thursday, on track to snap a four-day winning streak, as the Colonial Pipeline resumes operations after shutting down in response to a ransomware attack. Traders were also tracking a continued surge in COVID-19 cases in India.
The 10-year Treasury yield on Thursday holds steady around the highest levels in weeks as fretting about rampant inflation in the aftermath of COVID-19 persists and investors await fresh economic reports for further signs of pricing pressures.
The parent company of Wish has seen its stock deeply discounted since its initial public offering, and the price was slashed yet again in late trading Wednesday.
Tesla Inc. will halt sales of cars using bitcoin due to the effects on the environment mining the cryptocurrency can have, Chief Executive Elon Musk said Wednesday, and prices of Tesla shares and the cryptocurrency dropped immediately after.
Crypto platform Coinbase Global is set to issue highly anticipated quarterly results Thursday after the close of regular trading. Here’s what analyst are expecting.
Applied Finance sees attractive buying opportunities in the stock market, including some big technology companies, according to one of its founders. U.S. stocks have slumped this week, particularly the tech-heavy Nasdaq.
When China began rolling out tests of its new digital yuan, many observers feared that the central bank-issued digital currency posed a threat to the U.S. dollar’s role as the world’s reserve currency and preferred medium of exchange. But the real threat may be to America’s private sector.
Shares of ThredUp drop nearly 8% late Wednesday as investors gave the cold shoulder to both online secondhand retailers reporting quarterly results in the extended session.
Inflation is supposed to be a positive for the stock market, but signs of growing price pressures are rattling equities across sectors this week. Here’s why.
President Joe Biden on Wednesday afternoon says his administration has been in “very, very close contact with Colonial Pipeline” and there would be “some good news” in the next 24 hours on the company’s East Coast fuel artery.
The dating-app company reported first-quarter user and revenue growth and profit, greatly exceeding expectations and sending its shares briefly higher in extended trading on a day when they reached an all-time intraday low.
Shares of Vroom Inc. rallied more than 12% in after-hours trading Wednesday after the online used-car retailer reported a narrower-than-expected first-quarter loss and sales that came above forecast, saying demand for its online car-buying model remains strong.
One Medical’s parent company reported losing more than double the money expected in the first quarter of the year, and shares dropped in late trading Wednesday.
The Senate’s top Republican on Wednesday says there is a desire in both parties to make a deal on infrastructure, but stresses after a meeting with President Joe Biden that the GOP will reject tax increases to pay for it.
U.S. stock indexes closed sharply lower Wednesday, after a reading on inflation for the year to April climbed 4.2%, the highest rate in about 13 years, reigniting fears that the Federal Reserve may need to dial back its easy-money policies earlier than expected.