US Consumer Price Index: Headline inflation is expected to rise 0.3 percent in March and 3.4 percent year-on-year, according to a poll of economists conducted by LSEG. Core inflation, which excludes volatile food and energy prices, is expected to rise 0.3 percent in March and 3.7 percent year-on-year.Fed minutes: The US central bank will release minutes from the last meeting of the Federal Open Market Committee, when it maintained its forecast for interest rate cuts of 0.75 percentage points in 2024 and raised its GDP forecast. Delta: The Atlanta-based airline is expected to report earnings of 36 cents per share…
Author: ricardofrancois
Southern California is starting to feel like Southern California again, with sunny afternoons pushing highs into the 80s this week. But don't start planning warm-weather weekend activities just yet.“Friday is when [temperatures] decreases; “It's dropping about 10 degrees because we have a storm system approaching,” said Kristan Lund, a meteorologist with the National Weather Service in Oxnard. “Unfortunately,” she added. “I'm pretty sure it's been every weekend for the past several weekends, too.”These cold, wet North Pacific storms seem to have targeted Angelenos' spring weekends, hitting week after week on a Friday or Saturday — often chilling outdoor weekend plans.But…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.Asset managers should be able to pay for their investment research alongside trading fees, the UK market regulator has suggested, reflecting a long-standing policy in a bid to revitalize UK capital markets.Fund managers should be able to “bundle” investment banks' research fees with their trading costs after a review of the controversial practice, the Financial Conduct Authority said on Wednesday. Her proposal builds on an important provision of Mifid II, or the EU's post-2008 financial reform package, which is being led by…
Macy's flagship store in Herald Square in New York, December 23, 2021.Scott Milin | CNBCStorage section Messi It said on Wednesday that it had settled its proxy battle with real estate investor Arkhouse, and that it would add two new directors to its 15-person board.This reshuffle brings Macy's closer to a deal that could make the 165-year-old department store private.Rick Clark, a former Brookfield executive, and Rick Markey will join Macy's Board of Directors effective immediately. Markee is also a member of the discount retailer's board of directors Five below. Both Clark and Markey were nominees for Arkhouse.“The board is…
This article is the on-site version of our Working It newsletter. Subscribers can sign up here for the newsletter delivered every Wednesday. Explore all our newsletters hereHello and welcome to working on it.I took time off last week, in order to get through a large backlog of tasks related to home and family management and maintenance. I now understand why new retirees, or those taking a break from their daily work, often say, “I don't know how I found the time to go to work.” There's always more on the to-do list. My colleague Emma Jacobs wrote a great article…
The consumer price index accelerated faster than expected in March, pushing inflation higher and likely dashing hopes that the Federal Reserve could cut interest rates anytime soon.The Consumer Price Index, a broad measure of the costs of goods and services across the economy, rose 0.4% during the month, bringing the 12-month inflation rate to 3.5%, or 0.3 percentage points higher than in February, the Department of Labor Statistics' Bureau of Labor Statistics reported. the job. Wednesday. Economists surveyed by Dow Jones were looking for a gain of 0.3% and a level of 3.4% on an annual basis.Excluding the volatile food…
Stay informed with free updatesSimply sign up for the oil and gas industry's myFT Digest – delivered straight to your inbox.Three of the world's largest commodities traders said their combined profits of $23 billion last year showed they can continue to grow strongly without having to turn to public markets.Jeffrey Dellapina, chief financial officer of Vitol, the world's largest independent oil trader, said there was “no chance” the company would ever consider an IPO.”I have a vote in it, not the deciding vote, but I'm sure I can rally enough people to eliminate any possibility of it ever happening,” he…
Washington – As President Biden struggles to sell his economy to skeptical voters, he faces the very real consequences of stubbornly high inflation, but he also battles human psychology.Both of these factors may be particularly strong in California.Most economists agree that the US economy during Biden's presidency achieved a remarkable recovery from the pandemic. And it continues to outperform expectations, even if California isn't doing as well. But polls have consistently shown that the general public holds a negative view of the economy, and thus Biden's handling of it.While partisan politics, the effects of the pandemic and other factors have…
It's easy to assume that the e-commerce ship has sailed when you consider that we have giant platforms like Shopify, Woocommerce, and Wix dominating the sector. But the e-commerce field remains vast and fertile, with many small businesses continuing to go online in the wake of the pandemic. Further evidence of this has emerged in the form of one of the largest fundraisings undertaken by a startup in Turkey, given that the average Series A typically comes in at less than $15 million. E-commerce platform, ikas, has raised $20 million in a Series A funding round as it seeks to…
Stay informed with free updatesSimply sign up for myFT Digest of US Inflation – delivered straight to your inbox.Traders trimmed their bets on imminent interest rate cuts from the Federal Reserve on Wednesday after data showed US inflation rose to 3.5 percent in March, beating expectations and marking the second straight increase.The annual CPI figure compares with expectations for a 3.4 percent rise, according to economists polled by Bloomberg, while the core figure was also larger than expected.The consumer price index rose to 3.2 percent in February from 3.1 percent in January.Bond yields jumped and stocks fell after the data…