Category: Business

[ad_1] Inflation eased more than expected in February, a welcome sign for the Federal Reserve as it grapples with the prospect of higher prices and slower growth as a result of President Trump’s trade war. The Consumer Price Index was up 2.8 percent from a year earlier, after rising another 0.2 percent on a monthly…

[ad_1] Policymakers are grappling with “exceptionally high” uncertainty, Christine Lagarde, the president of the European Central Bank, said on Wednesday, just hours after the European Commission announced tariffs on U.S. imports in response to levies imposed by the Trump administration. Later, Canada announced a new round of retaliatory tariffs on U.S. imports. The unpredictability of…

[ad_1] Eggs prices continued their upward climb in February despite some easing in overall inflation, further straining consumers seeking relief from rising prices in the grocery aisles. Data from the Bureau of Labor Statistics released on Wednesday showed that egg prices rose 10.4 percent from the previous month, to nearly $5.90 for a dozen large…

[ad_1] The German defense contractor Rheinmetall, Europe’s largest producer of munitions, said on Wednesday that it was positioned to profit from the region’s willingness to increase military spending as President Trump shifts the United States away from its support of Europe. Defying the malaise that has plagued the German economy for the past two years,…

[ad_1] Stocks rose on Wednesday after a tumultuous few days of trading, as investors were buoyed by lower-than-expected inflation data even as concerns about President Trump’s tariff policies still loom. The S&P 500 index was about 0.5 percent higher at the start of trading, while the technology-heavy Nasdaq Composite index rose roughly 1.3 percent. The…

[ad_1] President Trump’s sweeping tariffs on foreign steel and aluminum went into effect on Wednesday, escalating America’s trade spats with global competitors, including close allies already reeling from his on-and-off approach to trade penalties. Mr. Trump’s tariffs of 25 percent on the metals hit imports that enter the United States from any country in the…

[ad_1] The Ever Given, one of the world’s largest container ships, careened out of control in March 2021, slamming into the banks of the Suez Canal and blocking the waterway. Nearly as long as the Empire State Building is tall, it held up more than $5 billion in trade for each of the six days…

[ad_1] Inflation is expected to have stayed stubbornly high in February, an unwelcome sign for the Federal Reserve as it grapples with the prospect of a sharp slowdown in growth as a result of President Trump’s trade war. The latest reading of the Consumer Price Index, set for release on Wednesday, is forecast to have…

[ad_1] The nation’s top securities regulator is backing down on crypto enforcement and climate disclosure initiatives as the agency is expected to take a more friendly and receptive approach to companies. But not everyone at the Securities and Exchange Commission is on board with this change in priorities under the Trump administration. When the S.E.C….

[ad_1] The European Union has spent months bracing for painful tariffs from the United States, the bloc’s most important trading partner. On Wednesday, as American steel and aluminum tariffs of 25 percent took effect, European officials began to respond. While the United States buys the most steel and aluminum from countries including Canada, Brazil and…