Wholesale prices measure rose 9.6% in November from a year ago, the fastest pace on record
Wholesale prices increased at their quickest pace on record in November in the latest sign that the inflation pressures bedeviling the economy are still present, the Labor Department reported Tuesday. The producer price index for final demand increased 9.6% over...
Mainland China reports its first omicron Covid case
Medical worker collects swab from a citizen for the COVID-19 nucleic acid test at Zhenhai District on December 7, 2021 in Ningbo, Zhejiang Province of China. Hu Xuejun | Visual China Group | Getty Images BEIJING — Mainland China reported...
El-Erian says ‘transitory’ was the ‘worst inflation call in the history’ of the Fed
Mohamed El-Erian Olivia Michael | CNBC Calling inflation “transitory” was a historically bad move for the Federal Reserve, according to Allianz Chief Economic Advisor Mohamed El-Erian. “The characterization of inflation as transitory is probably the worst inflation call in the...
China’s Xi is set to meet Russia’s Putin virtually on Wednesday
ST PETERSBURG, RUSSIA – JUNE 6, 2019: China’s Persident Xi Jinping (L) and Russia’s President Vladimir Putin shake hands at a ceremony at St Petersburg University in which Xi Jinping was awarded St Petersburg University honorary doctoral degree. Alexei Nikolsky...
Inflation is hitting the 3 big areas of household budgets
David Paul Morris/Bloomberg via Getty Images Inflation grew at its fastest clip in almost four decades last month — and rising costs are hitting the biggest areas of household budgets. Inflation measures changes in the price consumers pay for goods...
Evergrande slides into default while some ratings agencies keep quiet
An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Bobby Yip | Reuters BEIJING — Indebted property developer China Evergrande defaulted this week with hardly a ripple in markets as most institutions remained silent. Late...
Didi is delisting in New York. Here’s what happens if you own a delisted stock
Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters Although Didi’s situation is plagued by company-specific factors,...
Inflation surged 6.8% in November, even more than expected, to fastest rate since 1982
Inflation accelerated at its fastest pace since 1982 in November, the Labor Department said Friday, putting pressure on the economic recovery and raising the stakes for the Federal Reserve. The consumer price index, which measures the cost of a wide-ranging...
Stocks making the biggest moves midday: Costco, Oracle, Peloton and more
Shopping carts are lined up in front of a Costco store on February 25, 2021 in Inglewood, California. Mario Tama | Getty Images Check out the companies making headlines in midday trading Friday: Costco — Costco shares rose more than 6%...
Stocks making the biggest moves premarket: Chewy, Lululemon, Beyond Meat, Peloton & more
Check out the companies making headlines before the bell: Chewy (CHWY) – The online pet products retailer’s stock tumbled 10% in the premarket after it reported a wider-than-expected quarterly loss. Sales were in line with Street forecasts, but profit was impacted...
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Introduction to Basic Trendline AnalysisIn this series we will piece together the anatomy of a swing trade and discuss ... 
DailyFX Forex Trading Course Walkthrough: Part TwoForex Trading Course Walkthrough Talking Points:This is the second of a ten-part series in which ... 
Forex Trading Truth or Lie? Uncovering the Truths of FX TradingDo you know the truths about forex trading?Traders face a barrage of information when they ... 
DailyFX Forex Trading Course Walkthrough: Part FiveForex Trading Course Walkthrough Talking Points:This is the fifth of a ten-part series in which ... |