Online prices fell 0.5% in April and U.S. consumers pulled back on electronic commerce, possibly reflecting a change in consumer behavior and the Federal Reserve's efforts to curb inflation, tech firm Adobe, which monitors online prices, reported.
U.S. stocks were lower in afternoon trading Wednesday, led by a more than 2% decline in the Nasdaq after U.S.
The S&P 500 and the Dow rose in choppy trading on Wednesday as banks and energy shares gained, while the tech-heavy Nasdaq came under pressure after inflation data cemented expectations of aggressive interest rate hikes.
U.S. stocks ended sharply lower on Wednesday, with the Nasdaq dropping more than 3% and the Dow falling for a fifth straight day after U.S.
U.S. stocks were set to open sharply lower on Wednesday as consumer prices rose more than expected in April, fuelling concerns about aggressive monetary policy tightening.
The S&P 500 and the Dow rose in choppy trading on Wednesday as banks and energy shares gained, while the tech-heavy Nasdaq came under pressure after inflation data cemented expectations of aggressive interest rate hikes.
Copper prices gained on Wednesday as slowing COVID-19 infections in top metals consumer China eased near-term demand concerns, even as enduring pandemic-related lockdowns weighed on sentiment.
Russian diesel is trading at a steep discount to the fuel produced by other countries, traders said, creating a potentially lucrative two-tier market window for some ahead of a possible EU oil embargo on Moscow.
Turkish builders say new government schemes to support the real estate sector will boost home sales but that they fall short of addressing skyrocketing house prices that have surged nearly 100% annually.
Barely recovered from a two-year bout of COVID, emerging markets now face capital flight, inflation, and even debt defaults as the dollar's run to two-decade highs tightens the screws.
Spain's transition to cleaner energy could bring more notable risks to sectors with higher CO2 emissions, such as transport, manufacturing and agriculture, though any impact on banks would be moderate in the short run, the Bank of Spain said.
Ukraine's economy is expected to contract by 45% this year, the country's Finance Minister Serhiy Marchenko said on Wednesday, adding his government was committed to servicing its debt in full.
European stocks locked in gains for a second straight session on Wednesday as strong earnings and a surge in economically sensitive sectors boosted sentiment after U.S.
Gold prices clawed back from a three-month low on Wednesday as the dollar and Treasury yields weakened, ahead of key U.S.
Gold rose on Wednesday supported by a pullback in the dollar and U.S.
Gold resumed its climb on Wednesday after a knee-jerk retreat tied to the release of U.S.
Gold resumed its uptick on Wednesday after a knee-jerk retreat immediately after the release of U.S.
Gold resumed its climb on Wednesday after a knee-jerk retreat tied to the release of U.S.
The S&P 500 and the Dow were gaining ground on Wednesday and the dollar index declined after data showed U.S.
Asian shares squeezed higher on Wednesday from close to two-year lows hit in the previous session while the dollar held steady, ahead of keenly awaited U.S.
Asian shares edged higher on Wednesday from close to two-year lows hit in the previous session and the dollar held steady, ahead of keenly awaited U.S.
World shares turned lower on Wednesday and bond yields shot up after U.S.
The dollar moved sharply off its lows on Wednesday and briefly turned positive on the day after economic data showed inflation was unlikely to cause the Federal Reserve to adjust their aggressive path of monetary policy.
Oil rose on Wednesday after plunging nearly 10% in the last two sessions, buoyed by supply concerns as the European Union works on gaining support for a Russian oil embargo and flows of Russian gas to Europe through a key transit point in Ukraine dried up.
Oil prices jumped almost 5% on Wednesday after plunging nearly 10% in the last two sessions, buoyed by supply concerns as flows of Russian gas to Europe fell and the European Union worked on gaining support for a Russian oil embargo.
Oil rose on Wednesday after plunging nearly 10% in the last two sessions, buoyed by supply concerns as flows of Russian gas to Europe fell and the European Union worked on gaining support for a Russian oil embargo.
Malaysia's economic growth likely gathered pace in the last quarter, driven by stronger demand following a relaxation of COVID-19 measures, but a prolonged slowdown in China could have significant knock-on effects, a Reuters poll found.
Britain is on course to enter a technical recession in the second half of this year and faces a big hit to living standards from surging prices, an economic think-tank said on Wednesday.
If the Federal Reserve sells any of its holdings of mortgage backed securities it may have to do so at a loss, Cleveland Federal Reserve bank President Loretta Mester said Tuesday, a potentially difficult problem for the central bank, at least politically, since it remits its annual profits to the U.S.
Inflation will need to show a "compelling" slowdown before the Federal Reserve can consider pausing its interest rate increases, Cleveland Federal Reserve President Loretta Mester said Tuesday, with the risks currently pointed towards a tougher fight to bring the pace of price increases under control.
