It is a worrying sign for the Fed, suggesting that the elevated pace of price increases could last longer than expected.
Read More Inflation rises moderately in April, consumer spending slows
Category: Business
Boeing to detail quality, training improvements in FAA meeting, sources say
CEO Dave Calhoun and other senior company officials will detail the planemaker’s quality, training and other improvements during meetings with U.S. aviation regulators on Thursday.
Read More Boeing to detail quality, training improvements in FAA meeting, sources say
Wall St slides as rate worries push bond yields higher
Wall Street indexes retreated as concerns around the timing and scale of the Federal Reserve’s interest rate cuts pushed Treasury yields higher and pressured stocks.
Read More Wall St slides as rate worries push bond yields higher
US safety probe into Waymo self-driving vehicles finds more incidents
The National Highway Traffic Safety Administration said it has learned of nine additional incidents that raise concerns about the performance of Alphabet’s Waymo self-driving vehicles.
Read More US safety probe into Waymo self-driving vehicles finds more incidents
US sues to break up Live Nation-Ticketmaster
“It is time to break up Live Nation,” said U.S. Attorney General Merrick Garland.
Read More US sues to break up Live Nation-Ticketmaster
Target, Walmart shoppers seek home goods, grocery delivery online
U.S. online spending is experiencing a rebound, spurred by high gas prices, convenient delivery options and a surge in deals following a brief post-pandemic slump.
Read More Target, Walmart shoppers seek home goods, grocery delivery online