One catalyst behind Wall Street's heighten volatility during the week was higher oil prices, growing Middle East tensions, and more robust economic data from China early in the week.
Global food prices rose in March, the first increase since July, pulled higher by cooking oil prices despite the cost of grains continuing to ease, the UN's Food and Agricultural Organization said Friday.
Insights from a comprehensive survey spanning nine countries reveal widespread financial stress and retirement challenges globally.
The recent rise in US inflation hasn't stalled the Federal Reserve's ongoing fight against rising prices, Fed chair Jerome Powell said Friday, shortly after the publication of fresh government data.
Inflation remains stable while consumer spending exceeds estimates, signaling economic resilience.
The US central bank should either scale back or delay its interest rate cuts in response to "disappointing" inflation data, a senior Federal Reserve official said Wednesday.
The surge in immigration has sparked a complex interplay between economic growth, labor dynamics, and housing challenges.
Japan's central bank on Tuesday scrapped its negative interest rate as it finally began unwinding one of the world's most aggressive monetary easing programs.
In this week's regular March meeting, the Federal Open Market Operations (FOMC) will likely maintain its current interest rate policy.
Wholesale prices in the U.S. unexpectedly surged in February, intensifying concerns about inflation and adding complexity to monetary policy decisions.
US consumer spending warmed slightly in February, according to government data released Thursday, with retail sales regaining ground after an earlier hit from cold weather.
"How can I pay you?" Tourists can pay for guesthouses and restaurants in pesos, euros or dollars.
The March Consumer Price Index (CPI) — a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services — rose 0.4% in February, above market expectations of 0.3%.
Powell addresses economic uncertainty and the Fed's stance on interest rates and inflation and providing insights on monetary policy.
The price of goods and services remains elevated around the U.S., as evidenced by four recent reports by the U.S. government.
In January, the Federal Reserve's pivotal inflation gauge increased by 0.4%, aligning with projections and marking a 2.8% surge compared to the previous year.
Gary Pilnick, the Chairman and CEO of Kellogg, who earns £4 million a year, made the comment after a report found that Americans spend 10% or more of their income on food.
"The notion of a virtuous cycle—wherein improvements in one domain precipitate enhancements across others—is particularly salient," said Patrick Fan, professor of business analytics at the University of Iowa's Tippie College of Business and an AI expert.
A senior Federal Reserve official confirmed Thursday that the US central bank still intends to start cutting interest rates "at some point this year," but warned against the potentially inflationary effect of over-consumption.
The S&P 500 ended the week at 5,005.57, down 0.30% for the week; the Dow Jones at 38,627.99, down 0.50%; the tech-heavy Nasdaq at 15,775.65, down 1.10% and the small-cap Russell 2000 at 2032.74, down 0.60%.
Argentina's monthly inflation slowed slightly in January, but the prices of key goods and services rose 254 percent year-on-year, the statistics agency said Wednesday.
Higher gas and electricity bills were the main upward contributor to the rate, but this was offset by falling prices for furniture, food and non-alcoholic beverages.
