U.S. wholesale inflation decelerated last month, suggesting that price pressures are easing for now. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — was unchanged from January after rising 0.6% the month before. Compared to a year earlier, producer prices were up 3.2%, down from a year-over-year gain of 3.7% in January.
The number of Americans filing for unemployment benefits fell slightly last week, indicating a still-healthy U.S. labor market. U.S. jobless claims filings fell by 2,000 to 220,000 for the week ending March 8, the Labor Department said Thursday. It’s not clear when job cuts ordered by the Department of Government Efficiency will show up in the weekly layoffs report, though some analysts expect them to surface in data in the coming weeks.
Ripple has secured approval from Dubai authorities to offer cross-border crypto payments in the UAE.
(Bloomberg) -- Five House Republicans urged Federal Reserve Chair Jerome Powell to take steps to improve liquidity in the Treasury securities market, including considering “targeted” changes to bank capital requirements.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s P
Crypto analyst Wendy O isn’t worried about Bitcoin’s recent drop, calling it a normal cycle correction.
The federal government could be in for a shutdown in less than two days after Senate Democrats offered up a plan to play hardball and oppose a House bill that would keep the government open until September.
(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at Risk of ClosureCanada’s biggest auto parts names are buckling under the weight of US President Donald Trum
Warren Buffett is famous for his patience, as well as his sharp focus on finding investments that are priced at the right valuation, and equipped to continue gaining in value for years and years. Here's what you'll need to do to get a more Buffett-esque twist when you're looking at crypto. Many of Buffett's best investments have been a feature of his portfolio for many years.
Environmental waste treatment and services provider Perma-Fix (NASDAQ:PESI) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 35.3% year on year to $14.7 million. Its GAAP loss of $0.22 per share was 83.3% below analysts’ consensus estimates.
