leading economic indicators

US consumer prices rose 0.2 percent in February

WASHINGTON (AP) — U.S. consumer prices rose 0.2 percent in February, pushed up slightly by higher gasoline and housing costs even as the prices for autos and clothing slumped. The Labor Department said Tuesday that the consumer price index rose a modest 1.5 percent last month from a year ago. Inflation has been muted despite … Continue reading US consumer prices rose 0.2 percent in February

Deutsche Bank, Commerzbank higher after merger talks report

FRANKFURT, Germany (AP) — Shares in Deutsche Bank and Commerzbank have risen after news reports that Deutsche Bank’s top management has agreed to hold preliminary talks about a possible merger. Shares in Deutsche Bank traded up 2.2 percent in midday trading Monday while Commerzbank was up 3.9 percent. The share moves follow a report in … Continue reading Deutsche Bank, Commerzbank higher after merger talks report

US adds just 20K jobs; unemployment dips to 3.8 pct.

WASHINGTON (AP) — Hiring tumbled in February, with U.S. employers adding just 20,000 jobs, the smallest monthly gain in nearly a year and a half. The slowdown in hiring, though, might have been depressed by harsh winter weather and the partial shutdown of the government. Last month’s weak gain came after employers had added a … Continue reading US adds just 20K jobs; unemployment dips to 3.8 pct.

US stocks fall in afternoon trading, extending weekly losses

Losses in technology and financial companies pulled U.S. stocks broadly lower Thursday afternoon, placing the market on track for its first losing week since January. Utilities and real estate stocks eked out slight gains as investors sought out safer holdings. A lack of concrete news on trade and lingering economic concerns have been weighing on … Continue reading US stocks fall in afternoon trading, extending weekly losses

Kroger shares plummet on weak Q4 sales, profits

CINCINNATI (AP)  — Kroger’s costly modernization plan may eventually help it compete with retailers like Walmart. But in the meantime, it’s a big drag on profits. The supermarket chain’s shares fell sharply Thursday after it reported weaker-than-expected fourth quarter earnings and disappointing guidance for 2019. At issue is its three-year Restock Kroger initiative, which aims … Continue reading Kroger shares plummet on weak Q4 sales, profits

Health care, tech lead losses for stocks on Wall Street

Health care companies led stocks lower on Wall Street Monday as investors waited for more details on reports that the U.S. and China are moving closer to a deal to resolve their costly trade dispute. The sell-off was most pronounced in sectors that have shown strong gains over the last two months, including health care … Continue reading Health care, tech lead losses for stocks on Wall Street

Tesla defies convention and pays for it as shares slide

Tesla is suffering one of its worst sell-offs of the year after announcing it would begin closing all of its stores in favor of selling its electric cars exclusively online. The goal is to allow Tesla to lower the price of its Model 3, the vehicle that CEO Elon Musk envisions as the company’s first … Continue reading Tesla defies convention and pays for it as shares slide

US consumer spending fell sharp 0.5 percent in December

WASHINGTON (AP) — U.S. consumer spending tumbled 0.5 percent in December, the biggest decline in nine years, as the holiday shopping season ended in disappointment. Meanwhile, incomes rose sharply in December but edged down in January. The fall in consumer spending followed sizable gains of 0.7 percent in October and 0.6 percent in November, the … Continue reading US consumer spending fell sharp 0.5 percent in December

Eurozone recession fears mount on manufacturing drop

LONDON (AP) — Worries are growing that the 19-country eurozone economy is heading toward a recession that could start undoing hard-earned improvements in the labor market. In a survey of manufacturers that is closely monitored by the European Central Bank in its interest rate deliberations, financial information company IHS Markit found that the sector is … Continue reading Eurozone recession fears mount on manufacturing drop

TOKYO | Global shares mixed as investors watch trade talks

TOKYO (AP) — Global shares were mixed Friday after a slide on Wall Street as nervous investors eyed U.S.-China trade talks in Washington. France’s CAC 40 fell 0.1 percent in early trading at 5,190.64. Germany’s DAX was little changed, up less than 0.1 percent at 11,425.51. Britain’s FTSE 100 was also little changed at 7,167.12. … Continue reading TOKYO | Global shares mixed as investors watch trade talks

WASHINGTON | Applications for US jobless benefits fell to a low 216,000

WASHINGTON (AP) — Fewer Americans sought unemployment benefits last week, a sign that layoffs declined and hiring is likely strong. The Labor Department said Thursday that weekly applications for unemployment benefits fell 23,000 to a seasonally adjusted 216,000, a very low level by historical standards. The four-week average, a less volatile measure, rose to 235,750. … Continue reading WASHINGTON | Applications for US jobless benefits fell to a low 216,000

US stocks mixed ahead of more China-US trade talks

Stocks wavered between small gains and losses in morning trading on Wall Street Tuesday as U.S. markets reopened following the Presidents Day holiday and as investors sized up the latest company earnings reports. Losses in financial, industrial and energy stocks outweighed gains in consumer goods and communications companies. Investors are keeping a close eye on … Continue reading US stocks mixed ahead of more China-US trade talks