Breaking News

‘Real compromise’ on U.S. infrastructure bill possible - Republican senator

‘Real compromise’ on U.S. infrastructure bill possible – Republican senator

Negotiations with U.S. President Joe Biden over a potentially massive infrastructure investment package are inching forward even though disagreements remain over the size and scope of such legislation, Republican Senator Shelley Moore Capito said ...

Costco is seeing inflation abound, impacting a slew of consumer products

Costco is seeing inflation abound, impacting a slew of consumer products

The big-box club chain said it’s been seeing accelerating prices across a range of products, including shipping containers, aluminum foil and a 20% spike in meat prices over the past month. “Inflationary factors abound,” ...

U.S. home prices to keep racing ahead with risks to upside

U.S. home prices to keep racing ahead with risks to upside

U.S. house prices will continue to race ahead this year, at nearly twice the pace predicted just three months ago, according to a Reuters poll of analysts who said risks to that already upbeat ...

World’s Supply of Chips Is in Danger Unless Taiwan Gets Vaccines

World’s Supply of Chips Is in Danger Unless Taiwan Gets Vaccines

Back in February, as the world was beating a path to Taiwan’s door for help to tackle a shortage of semiconductors, the health minister got into a scrap with China over Covid-19 vaccines. Three ...

Inflation data, consumer confidence: What to know this week

Inflation data, consumer confidence: What to know this week

Heading into this week's PCE report, a number of other inflation prints have also exceeded expectations, pointing to an increase in both consumer and producer prices. Government data showed that headline consumer prices surged by ...