U.S. producer prices increased by the most in five months in March, but underlying wholesale inflation was tame. The Labor Department said on Thursday its producer price index for final demand rose 0.6 percent last month, lifted by a surge in the cost of gasoline. That was the largest increase since last October and followed […] Read more
A Volvo Car equipped with self-driving highway software is parked at the autonomous vehicle testing facility AstaZero on the outskirts of Boras, near Gothenburg, Sweden February 22, 2019. By: Esha Vaish A “virtual human” suddenly steps out at a blind bend, but the engineer in the Volvo car’s driving seat on the test track doesn’t […] Read more
By Katia Porzecanski and Hema Parmar Billionaire Ken Griffin said he’s losing interest in bringing Citadel’s headquarters to New York City because of the political climate that spurred Amazon.com Inc. to abandon plans to build a mega-campus in Queens. “Amazon opting out of New York is heartbreaking,” Griffin said Thursday in an interview with David […] Read more
The medical cannabis industry is luring major players, and legal recreational use could bring sky high returns for investors By: Rob Davies To listen to some of the predictions about the future of the cannabis industry, you would think financial analysts had been partaking heavily of the product. The European cannabis market will be worth […] Read more
By Frances Schwartzkopf Swedbank is facing money laundering allegations Swedbank AB regularly topped rankings of Europe’s safest banks half a decade ago. On Thursday, Sweden’s finance ministry told regulators to explain how the venerable institution had become enmeshed in allegations of money laundering. Like Danske Bank A/S of Denmark, Swedbank built its reputation in one of the world’s richest […] Read more
European shares were lower in early deals on Wednesday, snapping a three-day winning streak as a warning from Beiersdorf hammered consumer staples stocks and Air France-KLM sank on news the Dutch government would raise its stake in the airline. The pan-European STOXX 600 index was down 0.6 percent at 0857 GMT, snapping three days of […] Read more
By: Tim Duy Even if inflation rises or growth perks up, the central bank seems willing to hold back. Fed Chairman Jerome Powell has the Fed leaning dovish. The Federal Reserve hasn’t yet given up on its estimate of the longer-run rate of unemployment that is consistent with stable inflation. That estimate, combined with the […] Read more
By: Elizabeth Dilts NEW YORK – JPMorgan Chase & Co is tearing down walls and moving its San Francisco investment bankers onto “hot desks,” a space-saving layout that has long been a fixture at tech companies, while redesigning offices in Dallas and other cities. A view of the exterior of the JP Morgan Chase & […] Read more
By Ismail Dilawar , Donna Abu-Nasr , and Alaa Shahine With relations tangled in the U.S. over the murder of critic Jamal Khashoggi, Mohammed bin Salman is enjoying some hospitality elsewhere. Saudi Crown Prince Mohammed Bin Salman was among friends the moment he entered Pakistani airspace to start a grand tour of Asia. A fleet […] Read more
Wages were up by 3.4% Official figures show a robust UK labour market despite gloom surrounding the manufacturing industry and the high street. By John-Paul Ford Rojas British workers enjoyed their strongest real terms pay rise for more than two years at the end of 2018, official figures show. Regular wages – excluding bonuses – […] Read more
