FILE PHOTO: A mail carrier delivers the mail in Pearl, Mississippi, U.S. January 15, 2020. REUTERS/Veronica G. Cardenas/File PhotoWASHINGTON (Reuters) – The U.S. Postal Service raised concerns on Wednesday that the Biden administration’s new rules requiring large employers to require vaccinations or weekly COVID-19 testing could result in “high levels of absenteeism” and affect deliveries. Last week, the Labor Department […]

The consumer price index jumped by 6.2% in October, above the 5.9% expected by economists. CPI was boosted by a broader group of price increases, suggesting to some economists that there is a risk inflation becomes more persistent. The market is now anticipating the Federal Reserve could raise rates to fight inflation as early as July. October's surge in consumer […]

New York (CNN Busines)Bitcoin has rocketed to an all-time high of nearly $70,000. But investors are even more excited about ethereum, which is now the world’s second most valuable cryptocurency. Ethereum, or ether for short, is also trading at record levels. It’s now hovering around $4,850, having soared more than 560% this year, compared to the “mere” 135% pop for […]

Treasury yields rose Wednesday after consumer price data showed hotter-than-expected inflation. The yield on the benchmark 10-year Treasury note gained 2.5 basis points, rising to 1.474% by 9:25 a.m. ET. The yield on the 30-year Treasury bond rose 2 basis points to 1.823%. Yields move inversely to prices and 1 basis point is equal to 0.01%. Treasurys The consumer price […]

The Wall Street giant had held a longstanding cautious call on U.K. equities since the EU referendum in 2016. JPMorgan's aggregated data showed that the U.K. has opened up a "record discount" versus other regions, both on a price-to-earnings and on price-to-book basis. LONDON — JPMorgan has upgraded U.K. stocks to "overweight," ending years of caution on British equity markets […]

A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here. Tokyo (CNN Business)Evergrande is staring down about $8 billion worth of debt obligations due to foreign investors over the next year. The company’s billionaire founder and […]