Russia unleashed a renewed attack on Ukraine, targeting the country's central and western regions with drone and missiles as Kyiv's allies pledged increased air defense protection to help shield the war-ravaged nation. Sirens sounded for more than six hours as Russia fired drones, cruise- and ballistic missiles and the Kinzhal hypersonic missile, Ukraine's air defense force said Monday on Telegram. At least one person was killed in the capital, Kyiv, and another was hospitalized "with multiple wounds." Kyiv is shrouded in smoke from fires in several districts, including an apartment...
The annual core consumer price inflation rate in the United States, which excludes volatile items like food and energy, eased to 2.8% in March 2025, down from 3.1% in February and below the market expectation of 3%. This marked the lowest rate since March 2021, driven by slower price increases in shelter (4.0% vs. 4.2% in February), transportation services (3.1% vs. 6.0%), medical care commodities (1.0% vs. 2.3%), apparel (0.3% vs. 0.6%), and used cars and trucks (0.6% vs. 0.8%). On a monthly basis, core consumer prices rose by 0.1% in March, following a 0.2% increase in February and below...
Initial jobless claims in the United States rose by 4,000 from the previous week to 223,000 on the first week of April, in line with market expectations, to remain at the historically low levels that were steadily shown since March. In the meantime, continuing claims fell by 43,000 from downwardly revised levels to 1,850,000 in the last week of March, well below market expectations of 1,880,000, to reflect slight traction in individuals finding suitable employment after a period of joblessness. In the meantime, unemployment claims filed under programs for Federal government employees, which...
The United States (US) Bureau of Labor Statistics (BLS) is set to publish the high-impact Consumer Price Index (CPI) inflation report for March on Thursday at 12:30 GMT. The CPI figures could notably impact the US Dollar (USD) and the Federal Reserve's (Fed) monetary policy outlook. What to expect in the next CPI data report?As measured by the CPI, inflation in the US is set to rise at an annual pace of 2.6% in March, down slightly from the 2.8% reported in February. Core CPI inflation, which excludes the volatile food and energy categories, is expected to ease to 3% in the same period...
Federal Reserve officials flagged the risk of more sustained inflationary pressures from tariffs when they agreed to keep interest rates steady at their meeting last month. "A majority of participants noted the potential for inflationary impacts arising from a variety of factors to be more sustained than they had projected," said the minutes of the March 18-19 policy meeting, released Wednesday. Since that meeting, President Trump has imposed broad and abrupt tariff increases that initially exceeded the high end estimates of most private-sector economists and Fed officials. Trump said...
Many companies had been steadily reducing their reliance on China as a manufacturing hub since President Donald Trump's first term, hoping to blunt the impact of punitive levies from the United States. Then his latest "reciprocal" tariffs came along. Trump's move to impose tariffs on goods on a broader swathe of countries is now putting those diversification plans in disarray and leaving companies scrambling to decide where and how their goods are produced. Steve Greenspon, CEO of Illinois-based houseware company Honey-Can-Do International, started moving more of his production from China...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Russia unleashed a renewed attack on Ukraine, targeting the country's central and western regions with drone and missiles as Kyiv's allies pledged increased air defense protection to help shield the...