The Federal Reserve’s preferred measure of inflation climbed by 4 percent in June compared with a year earlier, as a rebounding economy and strong demand for goods and services helped to push prices higher. The gains in the Personal Consumption Expenditures inflation index were the fastest since 2008, but in line with economists’ expectations. That […]
WASHINGTON (Reuters) – Wealthy families that set up investment funds known as “family offices” to manage their personal wealth would face stricter oversight from U.S. regulators under a bill advanced by a U.S. congressional panel late on Thursday.FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed GameStop logo in this illustration taken […]
WASHINGTON (Reuters) – Wealthy families that set up investment funds known as “family offices” to manage their personal wealth would face stricter oversight from U.S. regulators under a bill advanced by a U.S. congressional panel late on Thursday.FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed GameStop logo in this illustration taken […]
Nearly 30 years after emerging as a profane gangster rapper from Long Beach, Calif., Snoop Dogg has transcended his hip-hop roots and become culturally ubiquitous. Here he is in the new Addams Family movie. There he is on a Corona commercial. He has a show with Martha Stewart on VH1 and an investment fund, and […]
Nearly 30 years after emerging as a profane gangster rapper from Long Beach, Calif., Snoop Dogg has transcended his hip-hop roots and become culturally ubiquitous. Here he is in the new Addams Family movie. There he is on a Corona commercial. He has a show with Martha Stewart on VH1 and an investment fund, and […]
VF Corp. is charging back from the first rush of the pandemic — with its fiscal first quarter sales and profits as well as its annual outlook all rising — but now it’s working through “isolated product delays” given an increasingly tangled global supply chain. The parent to Vans, The North Face, Timberland and Supreme […]
The early success of the deal vindicated the president’s faith in bipartisanship. If he can keep it on track, it will help affirm the rationale for his presidency. By Jim Tankersley WASHINGTON — President Biden’s success at propelling an infrastructure deal past its first major hurdle this week was a vindication of his faith in […]
NEW YORK (Reuters) – U.S. shares bounded to record highs on Thursday helped by strong company earnings and solid economic growth data, though the Federal Reserve’s message earlier this week that it is in no hurry to taper stimulus pinned the dollar at a one-month low.Slideshow ( 3 images )Following a spate of strong corporate […]
NEW YORK (Reuters) – U.S. stocks ended higher on Thursday, boosted by robust U.S. earnings and forecasts, while data showed the U.S. economy was above its pre-pandemic level. The U.S. economy grew solidly in the second quarter, putting the level of gross domestic product above its pre-pandemic peak, but the pace of GDP growth was […]
(Reuters) – The S&P 500 and the Dow indexes scaled record highs on Thursday as a slate of strong corporate earnings reports and data showing a pickup in U.S. economic growth reinforced optimism around a steady post-pandemic recovery.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October […]