The consumer price index rose 0.6% in March from the previous month and 2.6% from a year ago, according to the Department of Labor. That compares to Dow Jones estimates of 0.5% and 2.5% respectively. A surge in gasoline prices accounted for about half the gain amid signs of an accelerating economic recovery. Consumer prices shot higher in March, given […]

Small caps' surge has hit the brakes in April. The Russell 2000 hasn't hit a new high in nearly a month even as the rest of the market sits in record high territory. The group still outperforms the S&P 500 for the year, rising 13% to the benchmark index's 10% increase. Inflation fears could be a factor in the recent […]

By Ella Koeze and Jeanna Smialek When the government releases its latest consumer price inflation reading at 8:30 a.m. on Tuesday, Wall Street investors will be eagerly watching the data point, which is expected to jump starting this month. Inflation data matters because it gives an up-to-date snapshot of how much it costs Americans to buy the goods and services […]

The Food and Drug Administration said Tuesday it is asking states to temporarily halt using Johnson & Johnson's Covid-19 vaccine after six people in the U.S. developed a rare blood clotting disorder. The FDA said the recommendation is "out of an abundance of caution," adding the adverse events seen in the handful of recipients appears to be extremely rare. "COVID-19 […]

ZURICH (Reuters) -Credit Suisse has made further progress in winding down funds connected with Greensill Capital and is able to distribute another $1.7 billion to investors, the bank said on Tuesday.FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd WiegmannThis takes the total distribution so far to $4.8 […]

The country's customs agency said Tuesday that in dollar terms, exports rose 30.6% in March from a year ago, missing expectations for growth of 35.5%. Looking ahead to the next three months, customs spokesperson Li Kuiwen told reporters that last year's high base poses challenges for trade in the second quarter. China's early emergence from the pandemic and stimulus overseas […]

OPINION: My first job after my law doctorate was as an assistant to a Liberal Democrats peer in the UK House of Lords. It was a helpful lesson on the difference between the theory and practice of law-making. I remember a sitting of the Lord’s Grand Committee. A Labour baroness had just delivered a speech opposed to the Liberal Democrats’ […]