The latest Consumer Price Index report for February is in, showing an unexpected increase in annual inflation to 3.2 percent, exceeding analysts’ predictions of 3.15 and marking a notable increase from January’s figures.
Read More Inflation Increases to 3.2% in February
The retail store Dollar Tree has announced that they are closing almost 1,000 stores across the United States between its namesake general discount stores and subsidiary chain, Family Dollar.
Read More Dollar Tree And Family Dollar Announces Closure Of Nearly 1,000 Stores
President Joe Biden has revealed his election-year budget plan, which calls for $5.5 trillion in tax increases by raising rates on prosperous companies, which includes billionaires to pay a minimum 25% tax rate.
Read More Biden Unveils Massive $7.3T Budget With $5.5T In Tax Hikes, Highest Taxes In U.S. History
The U.S. Federal Reserve will cut its key interest rate in June, according to a stronger majority of economists in the latest Reuters poll.
Read More Fed to start rate cuts in June; risk fewer delivered this year
U.S. manufacturing slumped further in February, with a measure of factory employment dropping to a seven-month low.
Read More US manufacturing sector struggling to recover -ISM
Apple has canceled work on its electric car, a source familiar with the matter told Reuters on Tuesday, a decade after the iPhone maker kicked off the project.
Read More Apple cancels work on electric car, source says