WASHINGTON (Reuters) – U.S. consumer prices likely increased by the most in 16-1/2 years in March as Russia’s war against Ukraine boosted the cost of gasoline to record highs, resulting in annual inflation rising at its fastest pace since the early 1980s. The Labor Department’s consumer price report on Tuesday would seal the case for…
By Ann Saphir (Reuters) -Chicago Federal Reserve Bank President Charles Evans on Monday signaled he would not necessarily oppose getting interest rates up to a neutral setting of 2.25% to 2.5% by the end of the year, a pace that would require a couple of 50 basis-point rate hikes at upcoming Fed meetings. “Fifty is…
By Ann Saphir (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Monday signaled he would not necessarily oppose getting interest rates up to a neutral setting of 2.25% to 2.5% by the end of the year, a pace that would require a couple of 50 basis-point rate hikes at upcoming Fed meetings. “Fifty…
(Reuters) -On the weekend Elon Musk was expected to join Twitter’s board, the billionaire tweeted to his about 81 million followers ideas and changes he wanted to bring to the micro-blogging platform and deleted a few of those tweets hours after rejecting the seat. The week-long drama started when Musk disclosed a 9.1% stake in…
(Reuters) -The Russian central bank said on Monday it had temporarily suspended publishing data on foreign trade on a monthly basis in the first such suspension since 1997. The central bank was due to release a foreign trade balance for January-February on Monday, as initially planned, according to its data release schedule. The central bank…
(Reuters) – Moderna Inc on Monday named Jorge Gomez, a senior executive at dental products maker Dentsply Sirona Inc, as its new chief financial officer, effective May 9. Gomez, who has been serving as the finance chief of Dentsply since August 2019, will succeed David Meline, who has decided to retire, Moderna said. (https://bit.ly/3xfDPwX) Before…
(Reuters) -The rouble weakened sharply on Monday, reversing some of the previous week’s gains, after Russia relaxed temporary capital control measures aimed at limiting a drop in the currency. Shares in Rosbank, a Russian subsidiary of French bank Societe Generale, jumped 40% after SocGen said it would quit Russia and take a 3 billion euros…
By Bansari Mayur Kamdar and Praveen Paramasivam (Reuters) – The Nasdaq fell more than 1% on Monday, leading Wall Street’s main indexes lower, as rising bond yields weighed on megacap stocks such as Microsoft and Apple with investors on edge ahead of Tuesday’s inflation data. Shares of Microsoft Corp, Apple Inc and Nvidia Corp fell…
LONDON (AP) — Britain’s Treasury chief, once seen as a potential candidate for prime minister, is fighting to save his reputation by requesting an investigation of his own conduct after a series of news reports on his family’s finances raised questions about his judgment. Rishi Sunak, a 41-year-old former hedge fund manager, asked Prime Minister…
UNIVERSITY CITY, Mo. (AP) — When the coronavirus pandemic first hit the U.S., sales of window coverings at Halcyon Shades quickly went dark. So the suburban St. Louis business did what hundreds of other small manufacturers did: It pivoted to make protective supplies, with help from an $870,000 government grant. But things haven’t worked out…
