Consumer prices in the U.S. shot up by more than expected in the month of May, according to a highly anticipated report released by the Labor Department on Friday. The Labor Department said its consumer price index jumped by 1.0 percent in May after rising by 0.3 percent in April. Economists had expected consumer prices to increase by 0.7 percent. […]

The industry has protested the police case and notice over the death, and requested Chief Minister Bhupendra Patel to ensure a fair investigation to avoid hurting the industry’s image. The ship recycling industry in Alang, Gujarat, fears for its global image as a worker’s “accidental” death — the first in decades — has prompted the police to file a case […]

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Asian stocks followed their U.S. peers lower on Friday amid concerns about slowing global growth and rising interest rates. Mass testing announcements in Shanghai also sparked fears of a return to stringent, prolonged lockdowns. The dollar edged lower and yields struggled as traders braced for key U.S. consumer inflation data due out later in the day that will guide the […]

Shares of LifeStance Health Group Inc. (LFST) are down 76% from their all-time high of $29.81, recorded last July, and trade around $7. It was on this day last year, i.e., June 10, 2021, that this provider of virtual and in-person outpatient mental health care for children, adolescents and adults experiencing a variety of mental health conditions, made its debut […]

European stocks are seen opening a tad lower on Friday, a day after the European Central Bank joined the growing number of central banks to cease easy-money policies. The focus now shifts to U.S. consumer inflation data due out later in the day that could influence the Federal Reserve’s rate-hike roadmap for fighting inflation. The annual rate of consumer price […]

According to a study by the Federal Reserve of St. Louis, about 10,000 people will turn 65 each day for the next two decades. Among those who choose to retire at that age, some also choose to move — and many prefer certain locations that offer outdoor attractions and activities, a temperate climate, low-stress communities, and lower taxes. (Here is […]

Manufacturing activity in the Philadelphia region saw a modest contraction in the month of June, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its current general activity index dropped to a negative 3.3 in June from a positive 2.6 in May. The negative reading indicates the first contraction in regional […]

The Biden Administration announced new steps to build out the first ever national network of 500,000 electric vehicle chargers along the United States’ highways and in communities, a key piece of the Bipartisan Infrastructure Law. The Department of Transportation, in partnership with the Department of Energy, is proposing new standards to make charging electric vehicles (EVs) a convenient, reliable, and […]