Stocks Fall After Higher-Than-Expected Inflation Data
Stocks plunged and government bond yields jumped higher as investors were wrong-footed by data showing stubbornly high price increases last month.
Stocks plunged and government bond yields jumped higher as investors were wrong-footed by data showing stubbornly high price increases last month.
A measure that accounts for all federal subsidies showed that fewer people experienced severe economic hardship, while health insurance coverage rose.
Inflation did not ease as expected in August, with an 8.3 percent rise in the Consumer Price Index showing that the squeeze on consumers remains acute.
Elon Musk’s legal team will follow closely the testimony of Twitter’s former head of security, Peiter Zatko, before the Senate Judiciary Committee.
Reed Duchscher, the manager of the YouTube megastar “Mr. Beast,” is teaming up with the investment firm TCG to bankroll businesses led by online creators.
As prince, Charles used tax breaks, offshore accounts and canny real estate investments to turn a sleepy estate into a billion-dollar business.
It was the sixth time in eight years that HBO has taken the television industry’s biggest prize for a recurring series. “Ted Lasso” won best comedy.
Administration officials are pushing for a settlement to head off a walkout by tens of thousands of workers on Friday.
The Office of the Comptroller of the Currency, which oversees big banks, hired a chemical engineer to review the risks climate change poses to banks.
The Treasury secretary will deliver a speech to staff laying out the modernization plans.