• Business Highlights

    6 monthes ago - By Chron

    US inflation pressures raising expectations for rate hikes
    WASHINGTON - Inflation pressures appear to be building in the U.S. economy, a prospect that is heightening anxiety about potentially higher borrowing rates that could slow economic growth. The latest source of concern was a report that showed a key measure of inflation rising in January by the sharpest rate in a year. Some economists cautioned, though, that some of those price increases are tied to temporary factors and might not signify sustained inflation.
    Critics wary as Google's Chrome begins an ad crackdown
    SAN FRANCISCO...
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  • Fannie Mae loses $6.5 billion in 4Q on tax change

    6 monthes ago - By Finance Commerce

    WASHINGTON - Sweeping changes to U.S. tax law led to a $6.53 billion loss at Fannie Mae last quarter, putting the government-controlled mortgage company in the position of seeking cash assistance from taxpayers for the first time since it emerged from the housing crisis six years ago. Fannie Mae said Wednesday its net worth sank ...
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  • Rise in core consumer prices stokes inflation fears

    6 monthes ago - By Finance Commerce

    WASHINGTON - U.S. consumer prices, excluding the volatile food and energy categories, rose 0.3 percent last month. That was the biggest climb in a year and has intensified inflation fears in financial markets. Overall consumer prices rose 0.5 percent in January, the most in four months, the Labor Department said Wednesday. Inflation rose 2.1 percent ...
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  • Wall Street grapples with the return of inflation

    6 monthes ago - By Reuters

    U.S. financial markets have been on edge over something neither the economy nor investors have had to contend with for the better part of a decade: concerns they may soon have to reckon with rising inflation.
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  • 2% U.S. Core Inflation In Sight

    6 monthes ago - By Forbes

    Today's very high Core CPI result is one more indication that inflation is rising.
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  • Rise in U.S. inflation puts spotlight on Fed's Powell

    6 monthes ago - By Reuters

    WASHINGTON - U.S. consumer prices rose more than expected in January as Americans paid more for gasoline, rental accommodation and healthcare, raising pressure on new Federal Reserve chief Jerome Powell to prevent a possible overheating of the economy.
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