Sticky Core Inflation Keeps Up Pressure for Rate Hikes in Canada
Canada’s inflation rate decelerated in November but key gauges of underlying price pressures trended higher, potentially dashing hopes for a pause in interest-rate increases.
Canada’s inflation rate decelerated in November but key gauges of underlying price pressures trended higher, potentially dashing hopes for a pause in interest-rate increases.
Sales of previously owned US homes fell for a 10th-straight month in November, extending a record decline as high mortgage rates continue to stifle affordability.
President Joe Biden’s administration is poised to announce new export controls targeting Iranian drones and drone parts that Russia has used in Ukraine since its invasion, according to people familiar with the matter.
Fruit-exporting powerhouse Peru is loading thousands of containers of produce after the clearing of roadblocks that caused an estimated $150 million in crop shipment losses.
Core Scientific Inc., one of the largest miners of Bitcoin, became the latest crypto company to file for bankruptcy as the industry reckons with a plunge in digital-asset prices.
Google’s YouTube is nearing a multiyear deal for the rights to stream the National Football League’s Sunday Ticket, according to a person familiar with the matter, in another sign of major sports moving from traditional TV to online video.
Buying a plot of land in rural America has never been so expensive. And that’s even with soaring interest rates.
Brexit has left the UK economy 5.5% smaller than it would have been and added to the squeeze on public services that’s behind strikes crippling the railways and National Health Service, a prominent research group concluded.
Nike Inc. shares were poised for their biggest gain in more than a year after the retailer’s quarterly sales exceeded Wall Street estimates and bloated inventory stockpiles showed signs of improvement.
(Bloomberg) — FedEx Corp. reported fiscal second-quarter earnings that beat analysts’ estimates, lifted by price increases and cost cuts that helped make up for a decline in package volume.